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Lane Clark & Peacock - Comments / Thoughts?
Hi.... Just posting to see if the more pension worldly wise people out there have any experience of the above? Was just logging into the Capita portal to re-run some quotes and there is a notice that as from 1 October 2025 my DB scheme administration will be transferring to Lane Clark & Peacock. I am considering taking my…
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Early retirement
Hi all! Hoping you may give me some ideas on whether it's worth taking some (a small lump sum) of my pension at 55 to clear a few debts (and save on interest) and then invest the sum into an investment. My teacher's pension is not going to earn anything sitting there as it ended a few years ago when I went self-employed.…
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Removing Financial Adviser From SIPP
I used a Financial Adviser (FA) to set up a SIPP. I've no intention of adding to it, nor taking any income from it for the next 5 to 10 years. I've been disappointed with the FA follow on service with no contact for nearly 2 years despite a contract promising an annual review. They charge 0.75% per year and I'm therefore…
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Can you salary sacrifice from my pension pot
I take a monthly payment from my pension just like a salary and pay a higher rate of tax on that money just like a salary. Can I by a car on a salary sacrifice scheme to buy a car from my pension payment? - just like a salary?
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Money Purchase Annual Allowance
Hi, I have triggered the MPAA due to taking a small DC pension in full. This now means that my tax relief allowance p.a. goes down from £60K to £10K. This seems a massive drop off, is it likely to be increased anytime? As I will have to pay tax over the £10K, is it worth saving less into the pension to mitigate the tax &…
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Use my personal allowance or not?
I have two big invested funds, a SIPP with around £860 k in , and a GIA account containing around £240k, which was made up from tax free cash released from my SIPP and some added inheritance.It also has Stocks and shares ISA's contained within. My withdrawals so far have been free of any income tax (as tax was already paid…
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Purchased Annuity v SIPP
I am looking to use £100,000 inheritance for retirement and was looking at Purchased life annuities. However, I am totally confused as I was told I need to pay for a financial advisor before I can even look at buying one. Are these worth it as I understand you are guaranteed income for the rest of your life? I have also…
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State pension amount
My wife and I both worked as teachers, and so paid a contracted out national insurance contribution. My wife gets a slightly smaller four weekly payment than I do. She has over 35 qualifying years. Some years were credits while she didn’t work due to looking after our young children. We don’t understand why her payment is…
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TFLS/PCLS recycling rules, clarification
Current position: Me: age 51 currently paying total salary into SIPP OH: age 50 currently paying c. 55% total of salary and SE earnings into SIPP. Both SIPPs are accessible at age 55 not 57. My original aim was for us both to take some of our TFLS as close to our 55th birthdays as possible, however I do not want either of…
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Civil Service Pension Confusion
I am struggling to understand why the modeller shows Classic lump sum less than the Alpha lump sum. How do you know which option to choose or doesn't it work like that? Do you get an option to select one or the other when you choose to retire?
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Considering an annuity with another provider. Is an IFA really needed to do this?
Having build up a pensions pot over the years with Clerical Medical (now part of Scottish Widows) and I am now at the point of needing to start a pension. I have spoken to an IFA who is pushing down a phased drawdown route via another provider and a whole series of fairly involved investments on a single platform they seem…
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Private Medical Cover
I had AXA private medical cover through work, apparently I can continue that cover without having to declare any pre existing medical conditions. Anyone done that and have any views on whether it provides a useful discount over separate cover? I only used it twice when working but my creaking bones may need a little help…
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Deprivation of Assets before going into a care home
My uncle has a 6 figure savings amount but his total assets are below inheritance tax levels. He recently went into a care home though hated it & has returned to his flat - a costly exercise bringing home the reality of saving for old age & passing some of that on. I'm realistic that he may have no alternative at some…
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Fidelity SIPP 'Service Fee'
Hello, could someone clarify whether the Fidelity SIPP service charge applies if I only hold an ETF within the SIPP? For example, if I had £100,000 invested in VWRP (ETF), I understood that I would pay just £7.50 per month (capped at £90 per year). Would this be the only fee, or would I also need to pay their “Service…
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tax allowance cut
Asking for a friend - no really. He has one pension which brings in over the personal tax allowance but not over base 20% rate. one very small one as well. combine would be well below the 40% threshold he has received notice that his allowance has been reduced from £12570 to £9991 "Allowances allocated to other earnings…
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SW Annuity Payslip
I took out a Scottish Widows annuity some months back. Although I got a P60 (printed) at the end of the tax year, I'm not receiving monthly payslips. Is this right?
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Accumulation vs distribution
I think I understand the core concepts here that accumulation reinvests dividend to focus on growth and distribution pays dividends to focus on income. But can someone explain how this works out as an example giving say Vanguard life strategy 100 with £500,000 in a SIPP within interactive investor over a 5 to 10 year…
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Ready to press the DB pension button... but what about the AVCs?
I'm acutely aware of the time people take to help others on here, and am grateful for every single bit of advice I've had. Thank you. However, I have one more question, please: I'm ready to press the button to trigger my BT (where I no longer work) pension to begin paying in December. I'm going to take what appears to be…
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Self-employed NI contributions and state pension
Hi, I'm hoping that someone can
provide clarity on the following please. I worked full-time up until December 2021 and
paid NI through PAYE. My pension forecast on HMRC indicates that I can
claim my pension in July 2026, and it will be the full amount of £230.25 per
week. It states that I cannot improve my forecast any…
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Pru to ii
So I’m 54 and will be accessing pensions in a couple of years. I have 3 small pensions, and am considering moving one with prudential to ii. The value is just short of £20k. My reasoning is that prudential don’t seem to offer drawdown. I should save on fees as I’m paying roughly £8.50 a month to pru and ii is £5.99 a…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
721 discussions
6.3K comments
Most recent: Guide discussion: Voluntary national insurance contributions by JimTheseus
14 November at 10:10AM
