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McCloud Renedy appeal
I worked in northern Ireland Civil Service (NICS) from 1980 until 2019 when I was medically retired. I received mccloud remedy decision which I am now appealing on the grounds that some of my medical conditions were not taking account off. I have ben informed by DoFNI that they have contacted the Cabinet Office for…
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Transfer pension after retirement
Hi, I tried a search on this but did not find anything relevant to my situation. I retired early 2 years ago and took my 25% lump sum and DB pension from my then current employer.Since retiring I have been contacted regarding 2 small pensions I had forgotten about.A DB pension with Babcock offering me a transfer out value…
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SIPP in Drawdown
Simple question - I have a SIPP already in drawdown with HL. IF I decide to move my investments from HL elsewhere ie ISA and another SIPP not yet touched, can I also move the drawdown account.? Further complication /question - the drawdown account is invested in various HL funds/trusts - does that mean that it would have…
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Filling gaps in National Insurance to boost state pension
Apologies if this has been covered elsewhere. I am self employed and I have just checked my National Insurance record. From 2006-07 right through to 2023-24 my year `is not full`. Nearly all of those years it's suggested I may pay a voluntary contribution of £824.20. What I don't understand is that in most years I have…
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Tax on state pension
My Wife's only income is the pre 2016 state pension. We are both 75 year old. Rachel Reeves has confirmed that those whose only income is the State Pension will not pay any Income Tax on it during this Parliament. as the full new State Pension is set to rise above the Income Tax-free allowance from April 2027. I have the…
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Partial retirement and the Civil Service Compensation Scheme
I took partial retirement from my civil service job when I turned 60 last year. Slightly before I took PR I was moved to the Alpha Scheme. My new pension age is 67 under Alpha. My role is now being restructured and Voluntary Exit is being offered. I am finding it difficult to understand how my PR will affect what I might…
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Pension tax advice
Hi there I had intended to retire at 64 but a series of illnesses amongst friends and just general pressure of life means I'm now going to retire in 14 months at the age of 61 and 9 months. I get my state pension at 67. My husand gets his state pension in 3.5 years and will get full state pension but has no other pensions…
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SPPA communication
Has anyone else received the following email? "Work has commenced in sending members their Remedy choice communications. We are sending these in batches, and our aim is for all Remedy affected Members to have received their choice communications over the coming months. Once these are received Members have 1 year to make…
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GMP Equalisation - Lifetime Allowance Charge
I’d be grateful for help from anyone
with expertise in HMRC’s Lifetime Allowance (LTA) Charge in
relation to GMP equalisation. Sorry it's a long post, please bear with me. I am a male current pensioner in
a DB scheme. I've had a letter from my Scheme Trustees stating that I’ll receive a back pay lump sum of £30, plus…
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Age 62 new pension ?
Is it possible/worth doing - to set up a new pension at age 62 ?I am disabled and taking an ill health pension from a government job - and have expectations to receive a full state pension (contributions being paid by DWP) in 5 years.I have a fair amount of spare cash having a large lump sum invested in an ISA - but can I…
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Claim now or wait until the new tax year
Hi all, question please if I may , my OH has took early retirement as of last month. He has 3 pensions, one of which has a monthly amount paid for life. Given that it took 12 whole months to get a refund on my over taxed pension, when is the best time for him to start claiming this pension, he's paid April to April, and…
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State Pension Again
Please forgive. I did a similar post a couple of days ago and thought I had worked it out just by asking the questions on the forum, but now looking at it again. My State Pension Forcast was £230.24 a week £1001.18 a month £12014.12 a year Either I am being particulary stupid or the maths dont work out.....(be kind..lol)…
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Best way to contact future pensions centre
Hi, Could anyone advise the best way to contact the future pensions service? for a state pension forecast please? Also, is it free to call them. Thank you
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New state pension, private pension & tax forms?
I am due to get my state pension in March 2027, I also have a very small private pension of £200 per month. Following the recent budget I am confused about self assessment forms? Will I have to complete one each year? I am baffled as HMRC are aware of my private pension & future state pension so I can't see the point!…
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Contracted out (National Insurance)
I started working in 1981-82 tax year and had a pension amount deducted from my wages (I think I 3.75% and the Employer also paid 7.5%). My national insurance deductions were slightly less as a result.I became self-employed in November 1998 so was contracted out for 17 years.There is only a gap of one year in my national…
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USS pension, self-employed side hustle, and salary sacrifice cap: being tax-efficient
Hi All, I hope you are well. I wasn't sure whether to put this in pensions or cutting tax, it is more of a pension question, but a lot of the knowledge I am lacking is around tax efficiency. In employment I pay into USS via salary sacrifice. I'm currently paying the standard amount into the DB part, plus about £765 a month…
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Index linked gilts and index linked annuities: are you moving money into them, yea or nay?
There has been a dramatic switch around in the real redemption yields on index-linked gilts recently (see my chart at end of post). The return above inflation available for an index-linked gilt bought today if held to maturity is for example around 1.5%pa for the 2048 maturity, compared with around minus 2.5%pa back in…
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NEST Pension being illegally witheld
Is anyone experiencing problems getting their NEST pension paid? I applied to take mine as a lump sum, provided the necessary ID and received a letter on 3rd Oct 23 to say they submitted the payment on 3rd Oct and it should reach me within 5 working days. Its now 17th Oct and I still haven't had it. I have called them,…
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Need to take more money out of pension-take me over personal allowance. Taxed how?
I retired early, living off pension lump sum / savings and smal pension withdrawals. Pension withdrawals do not breach personal allowance threshold for the year. I now need to take an unregular extra non monthly withdrawal from my pension to pay for something. At the end of the year, without this extra withdrawl, I will be…
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Anyone cashed in a NEST pension?
Hi, I'm over 55 and have just £1,000 in a NEST pension for a job I diid over 5 years ago. This is not my main pension and I would like to cash it in and close the account to pay for a holiday. Have to say the process was straightforward on their website and have provided the bank statement they asked for. However, there…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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