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Moving pension from Aviva to Vanguard?
Hello I am after a bit of advice please. I have just left my employer and I am trying to decide what to do with my pension pot. Currently it is invested in Aviva Pensions My Future Focus Long Term Growth S2. The pot is not much, about £100k, which worries me as I am 43yo, so I am desperate to grow it as much as possible. I…
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Immediate Needs Annuity
It looks like someone I have LPAs for is going to need a lot more personal care soon. Two quick questions. They have a Prudential Bond, could this be used towards an Immediate Needs Annuity? Can the payee of an immediate needs annuity be changed, so if we get one for homecare and they have to go into a home could it be…
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The Pensions cashback and incentives discussion thread
Lots of coverage on incentives for current account switching, but none that I've seen for pensions. I kind of get it - bank accounts are a well oiled process, don't involve long waits, differing paperwork requirements, and potentially large sums needing to move. But given that the demographic of this board is made up of a…
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Tax relief
Hello, I currently earn a basic £47,318 per year. This year ive earned £56,788 with my bonus and overtime. Ive put into my DC Pension £7422 this tax year and £1,910 into my DB Pension. How much tax could I get back if I did a self assessment. TIA
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pension contributions refund advice
Just looking for some advice , nhs pension contributions, i have paid the wrong amount and my contributions have been adjusted to 10.5 not 12 percent , the refund of these contributions will they form my taxable pay for that month ? thanks in advance
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Any reason not to aim to empty SIPP ASAP in retirement?
Looking ahead to when I retire (within the next year or so), and setting the strategy. The situation is fairly simple: retire at 60 years old ~£700k in a SIPP Cash ISAs as cash buffer no need for a large lump sum at retirement It seems to me that the SIPP needs to be emptied as fast as possible (25% tax free, rest kept…
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Interesting week for pension fund value
Seemed like a strange week this week - US markets keep going down every day, but my global tracker funds keep going up! Must be FX I guess.
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Advice on moving pension fund now due to unplanned retirement
Hello I was hoping I could get some advice on what the best approach would be to my current situation, which is as follows… I’m 54 and will turn 55 later this year, I hadn’t planned on retiring any time soon but some health issues have made me have to consider retiring in the next year or two. I have a defined contribution…
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SIPP choice - do I need to worry about the details?
Looking to open a SIPP for an initially small pot (< £20k). I've been looking at and trying to understand the details of charges, but I'm not sure I need to; it seems to me the thing to do is commit to something and go from there: - I'm not sure I'll have a good view of exact trades and charges without actually doing it. -…
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Pension transaction negative adjustment
Can anyone explain what an adjustment transaction on my pension fund is, i noticed that my fund had dropped around 25% last week and when i looked at the pension scheme there was a transaction listed as an adjustment and my fund dropped around 25%. I have been in the process of getting a final settlement for my pension and…
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USS - General discussion
I am taking early retirement ( 55) from USS and will have a DB annual pension of £23k and a separate £9k pa widows pension but my dilemma is I will need an additional £17k pa for the next 4 years to cover short term additional expenditure (supporting children through uni, maintain current standard of living) and I need…
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A good time to do nothing?
We are a couple, about 5 years into retirement, anticipating another 30 years. I was planning to move a circa £200k private pension plan from an old Aviva with profits to II to facilitate drawdown, and take the tax free 25% to fund extensive work on the house. The rest of this pot is intended to fund lumps of discretionary…
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Alpha EPA under Capita
As we all know, there are bigger fish to fry at Capita HQ right now... But I'm just noting that I don't have my annual renewal letter for EPA. The EPA page, here, still states: The cost of buying an EPA is fixed each scheme year, but will change from year to year. We will automatically renew your EPA and write to you in…
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Pension Basics
Hello, I am one of those people that has paid little attention to their pension other than checking in a couple of times a year and having moved jobs a few times been careful to consolidate to tidy things up. My present situation is as follows: 52 year old male with 5 years served at current employer. I have a group…
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Pension Planning Guidance
Good evening all, Myself and my GF have just had a baby and at 36 I have decided to finally start looking at pensions. Just looking for some guidance on if what I am doing is correct. I have 6 pension pots with roughly a combined value of £25k. They have no special benefits so I opened up a Vanguard SIPP and transferred…
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Who to take lump sum when still working
Hubby is still working and earns approx £31750 this year. He wants to take out all of a small private pension that probably totals £12k 25% of this will be tax fee the rest he will be taxed on when is the best time of year to take it. We are in Scotland so 42% tax from £42663 upwards so i think the balance of the pension…
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Missing employer pension contribution on final payslip
Hi I left my employer in mid-February (and my P45 was issued at that stage). In March I received payment for amounts that they had failed to pay me in February. When checking my payslip I noticed that not only did they not deduct my employee pension contribution in March but they also failed to make any employer…
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Searching for critical mass
I wanted to send this out as a pulse check to see if we are on the right track, generally, and if there is maybe other things we should consider. Married, 2 kids, just turned 40. My partner and I have £390,000 invested across ISAs & pension. Combined we are putting away around £2500 a month into these, and mainly into…
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Lump sum from DB Pension fund
Afternoon all, Am trying to give some general guidance to a family member who should be in receipt of a DB pension (and tax free lump sum in excess of £30k), in about 18 months time. Planning to look at their complete financial situation (cash, stocks and shares, all pensions) to see if it looks realistic to fully retire…
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Can you use pay in lieu of notice to make a personal pension contribution
Hi, I have been made redundant from 30th April 2026 because the company is closing. In additional to a redundancy payment, I will receive around £11,000 gross which is made up of my usual salary for the month, pay in lieu of notice and holiday pay. I will not be doing any further work from this date so this will be my…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
751 discussions
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Most recent: Aged 72, didn't claim state pension at retirement age as NI credits Missing by Brie
16 June at 5:32PM
