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What is the best choice?
Hi not sure if this is the right place but I know you are very knowledgeable here, so I work for a company that offers a £1046 reward at the end of the year, kinda Christmas bonus/reward. We can have it either as £1046 paid into my account, not sure how much I'd lose with tax and Nat insurance taken off? (I earn about 40k…
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Graduated Retirement Benefit scheme to 1975
Apparently I earned 32 units up to 1975...(paying approx £240 in additional NI contributions) These were valued at £0.1314 each in 2014 so I received £4.20pw additional pension.(£218pa) My question is, when the scheme ended in 1975 was the value of the units I'd bought increased each year by inflation ? If I worked it…
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What do people mean by "pension value"?
On other threads I read stuff like Do they mean they get £171K annually?
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Do you need an IFA to purchase an annuity?
This discussion was created from comments split from: Bold leap into retirement.
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LPA through a company called ZENCO
Hello all. Ive today come across this online company called ZENCO About Us - Zenco Legal who offer to do your Lasting Power of Attorney for £99 per document and check it for you to ensure its legal. The website states it only takes 15 minutes to complete. Now i took it that this was a complicated document, so this has put…
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Helping friend with pension
My friend has had an inheritance and we were discussing how best to save it for the future. I suggested putting it into her pension, but she reckons it's too good to be true! She's 54, so am I right in saying she can put the money in now, and start getting the money back (with the tax relief uplift) when she turns 55? This…
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Aegon Scottish Equitable -unable to get money out
Hello, I am new here, and perhaps someone can help me or share their own similar experience. I've been trying to take money out from my pension pot for months. I made an ill-health
claim that was accepted in August 2024. Since then, it's been a succession of
incorrect quotes, missing documents, "we-need-more-time" type…
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Missed Deadline for Added Years Buyback
Hi, Like many, I missed the deadline for adding extra years that my pension check calculator showed that I owed, as the HMRC website/app was overwhelmed. I took the MSE advice and filled in a HMRC form requesting a call back, but I don't recall seeing a call from HMRC. What do I do now? My NI Record shows Not Full entries…
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HMRC waiting time period to sort out additional NI payments
Hi there, I've just called HMRC about a completed CF83 form that I sent them by registered post 23rd May 2025. I want to make some additional payments to make up some missing State Pension years from a time when I was living overseas. Staff informed me that they were still processing applications that came in on 6th…
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Do I have to start doing self assessment tax returns if I receive an annual pension
I guess the answer depends on my pension provider and other sources of taxable income. Ive never filled a self assessment form in, and I am a bit worried i will mess it up. I will be receiving ~25K but I will have other income. I will not be claiming the state pension for ten more years so for the moment we can ignore that
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Multiple LGPS Account question
Hi, My mum has 3 LGPS accounts on her Staffordshire Pension Fund LGPS login. 2 of them show as "Undecided Leaver" status and the other, from her current employment is Active. 1 of the "Undecided Leaver" accounts has statements for 2019, 2021, 2022 and 2023 the other "Undecided Leaver" account has statements for 2019, 2020,…
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Question re CS Alpha Pension
I have written to the CS pension people but they are not very good at replying! Have tried to find the answer in the various documents but failed... I'm a member of Alpha - protected rights to go at age 55. OH and I are planning to get out ASAP, multiple reasons including increasingly dependent parents. His side is easy,…
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Pensions paid twice this week
Both my husband and I have our state pensions paid into our joint account weekly. This morning, when logging into the account, I discovered that both pensions had been paid twice. I realised that one set of pensions had been paid early, due to Bank Holiday Monday. But unsure why they have paid these pensions in twice. Has…
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National Insurance gaps in 2001 - 2004 when I was a student at university
Hello, I was just looking at my National Insurance record on the HMRC website and noticed that in 2001 - 2004 it says "year is not full" I was at university during those years. Is that what's expected? Is there any way of making those "full years"? Thanks.
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Standard life pension advice
Hi. I have a standard life group pension plan that I have discovered has a 20 fund limit on the lifetime of the fund. I have reached that 20 limit so can’t change to any new funds. Do I move this pension to a new pension? Having this 20 funds limit is a restriction on me getting the most from my pension and also putting my…
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Should I retire - help me debate
Would appreciate some thoughts on my thinking. I’m 57 in good health, married, no kids. DH is financially independent. my job is ok but there are things I’d rather be doing (and some like spending time with my 80 year old mum who won’t be around forever). I’m disincentivised to pay 40% tax in retirement so feel I’m getting…
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Refining retirement options
Hello Experts. I’m new here
and looking for thoughts please on retirement options. I hadn’t really been
thinking much about retirement, but have started doing so now with some urgency
since spouse received a cancer diagnosis earlier this year. Financially I feel
we are in a comfortable position. So my question is really…
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25% Tax Free Lump Sum Pre Budget
I am due to take my DB Pension in January which also has a significant Tax Free Lump sum in excess of £100k which I built up in linked AVCs through my working life always planning to use these as the Tax Free part of my pension. I have contacted the Pension provider to see if I could draw say 3 months early to beat the…
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Can I use AVC WISE or Do I have to use Prudential with regards to my AVC?
Stupid Question Alert?!? Hello everyone I'm currently in the process of looking at sorting an AVC payment with my LGPS ..on my employers website it says it offers 'Shared cost Salary Sacrifice' www.telford.gov.uk/info/21840/working_here/6636/employee_benefits I'm just reading stories on here regarding people's horror…
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Coming Up to Retirement - Portfolio Changes
I am looking to retire in 12 months or so. I am 58 and have a large SIPP (£895k), an ISA (£356k) and a Section 32 policy (£3.2k at 65 years). My state pension forecast is £12,034 when I am 67. My partner is retired and is drawing a small income from a SIPP until next April, when it will be exhausted, and she will then…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
718 discussions
6.3K comments
Most recent: Conflicting information from Future Pensions and HMRC by Isthisforreal99
31 October at 10:53PM
