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How to find historic state pension start date
My partner became eligible for a state pension in 2014, but decided to defer. As far as our memory goes she deferred around three years. Now a government form (DT-Individual) needs us to specify the exact start date of her state pension, and we can't find it. HMRC will show us no records older than 2020, and we recently…
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Pension Bee - Death Benefit
Good morning and Happy New Year! Look for some advice. We lost my father-in-law suddenly in October. My Mrs is currently in the process of dealing with the estate (we have letter of administration). We found funds in a PensionBee account and have contacted them in order to claim the death benefit. Has anyone had any…
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HSBC DB Pension - why has my transfer out quote dropped?
This discussion was created from comments split from: HSBC DB Pension Transfer Value has gone down.
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Late husband's pension
My late husband had a pension (approx £100k), which is now mine. They say it falls outside the estate, whatever that means.. I have a choice as to how you receive the funds, your options are as follows: 1. Take it all as cash. 2. Buy a guaranteed income. 3. Transfer it to another provider. 4. Take a flexible income. No…
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Stupid question re DC pension into drawdown and 25pc tax free
I am currently below state pension and living on savings. I am over 55 My question js can i put my pension into drawdown and withdraw 12749 per annum from my pension and leave the 25pc tax free to be drawn at eg state pension age Follow up question: is the 25 pc tax free amount frozen at the time of first drawdown against…
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Advice/ guidance regarding a TPA Pension regulations grey area
Reading previous threads, I am aware that some contributors have considerable experience working in pensions, and I hope they can advise; a retired teacher friend who had been financially interdependent and co-habiting with her partner for many years, became ill last year; having been married many years earlier, she went…
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Need advice re combining old LGPS and new LGPS
Hello, I'd appreciate any advice (or re-direction for advice) specifically about the benefits / disadvantages of combining LGPS pensions. At present, I have three, two deferred and one current: 1) 2006-2013 2) 2013-2014 3) 2024 - present I've had a letter from my current one saying they will auto combine them if I do not…
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NHS Pension overpayments
I don't know whether anyone else has had this issue: In May I was surprised to receive a letter from NHS Pensions, telling me that my pension award has been revised (I retired in 2017) because my previous employer notified them of a change to my pension entitlement, meaning that I had been overpaid. They also said that my…
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ii - how to list all funds and ETFs they offer?
Most SIPP platforms let non-account holders list all funds available on the platform, for example this for AJ Bell https://www.ajbell.co.uk/market-research/screener/funds I can't see anything similar for ii though - only list of the top 10, etc. Am I missing something?
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How much admin to move all tax free lump sum to GIA & drip feed ISAs in most tax efficient way?
My DC pension is a little over the old Lifetime Allowance, meaning my lump sum is above the newer Lump Sum Allowance. From 55 I have been taking £20/40K out each year to put into mine/partner's S&S ISA's to allow it to continue to grow tax free. I'm left with around £150K of my TFLS still in my pension (as I also spent…
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Standard life changing fees without notice
I've been a long time lurker of these forums, but this is the first time I've needed to post a thread! I have a standard life pension through an old employer which was originally set at a charge of 0.4%, discounted from the standard fee of 1%. When I left that employer, I was advised by standard life I'd keep the discount,…
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Bridging gap between retirement and State/DB Pension - SIPP holdings
It would be great to get to get some ideas please! As a background: 52, married no kids, no debts, mortgage free. I have been a fairly low earner all my life so I don’t need to fund a lavish lifestyle. Always been a basic rate tax payer currently earning around 28k. Have full state pension. Lucky to be in an LGPS (LPFA) DB…
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Company cut payments into my company pension, help.
Hi I contribute to a company pension through a salary sacrifice. I have recently discovered that about two years ago, the company started paying a much lower amount into my pension. Yes, I know I should have spotted this at the time but I didn't. Nor did anyone else in the company, and I have discovered that this affects…
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Managing adjusted income and annual allowance
Hi. I would appreciate some views, it’s a first world problem I know… Firstly, due to a one-off bonus windfall I am likely to have total taxable income of around £220k this year. That includes a small amount of P11d benefits (healthcare) and is after my normal pension contributions to my DB via salary sacrifice. Secondly,…
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Tax free lump sum pension recycling rules
Hi there - looking for some insights and opinions from people who have encountered similar to the situation I find myself in. I am on the cusp of retiring at 60 and have just taken a significant tax free lump sum from my pension pot but have not triggered the MPAA as I haven’t taken any of the Taxable remainder which is…
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Early Retirement and the McCloud Remedy
I retired early from the Civil Service under VR terms in August 2022, using my redundancy payment to buyout the reduction so I could take my Classic pension early. I was under the ERA for my Alpha pension at the time, so this was automatically deferred. I was told at the time I would get my remedy options once they started…
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Aviva Fees
Some time ago I had an email from Aviva telling that they were changing their fees. They now charge a flat 0,35% on you portfolio up to 500k and then nothing above that. They now also scalp some of the interest on any cash that you may be holding in your accounts as well. I was paying the flat maximum fee of £10 per month…
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Tax free growth on inherited pension
After all the inheritance tax is paid etc, does the money on an inherited pension still grow tax free ?
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NHS Pension Calculation
Hi Any experts in NHS pensions and calculating what the payment
should be based on the yearly percentage increases? In the process of tracking down all my wifes old pensions.
She worked as an NHS carer from end of ’98 to beginning of ’05, then private
sector care roles since. Contacted NHS pensions and we now have access…
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Working out civil service widowers pension refund of contributions
Hi Hive Mind I am an ex civil servant who plans to retire in May 2026 aged 60. I am a deferred member of the pension scheme. From the MYCSP pension portal calculator I have a fairly good idea of my expected pension, however I have requested what my widower pension refund contributions will be (to no avail at present) I…
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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Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
22 September at 4:22PM
