-
MyCSP pre-retirement webinar - worth £70?
Being a year or so off early retirement I thought it would be helpful to find out more about some of the processes involved in claiming my pension (a civil service Alpha pension) - particularly basics like how much notice to give. The only relevant training course I’ve found is a MyCSP webinar which costs £70. I am happy I…
-
Downsize to release funds for retirement
Just wondering, who has or has planned to downsize to fund retirement?
-
Sheffield Training and Enterprise Council - missing pension
Does anyone know anything about the TECs and what happened to the pensions after they transferred to Learning and Skills Council. I cant find anything that exists. On the pension finder Gov.uk the company doesnt even exist. My pension is lost?
-
Changes to tax free element of SIPP
Hi all, Rumours are that the chancellor may change the rules on pension tax, e.g. reduce the £268k total amount or change the 25% tax free to something smaller. Do you think existing pensions (I no longer make contributions) could be affected. It seems unlikely, but I am a bit nervous and considering moving chunks into…
-
High risk, high reward: A pauper's dream of early retirement.
As regulars on this forum will know, I am trying to retire early while working part time, with a current salary of about £21.5K. Five years ago (after the loss of a loved one) I started to take my life and my finances a bit more seriously. I was 43 at the time, with a combined pension and ISA of £73.5k. I decided to make…
-
National Insurance voluntary contributions
Just wanted to add to this topic by expressing my frustration with DWP and HMRC. I paid £795 on 3rd March for 20/21. My NI record is showing fully paid but I have still not received my increased pension after 12 weeks. Repeated phone calls to both departments have not got a satisfactory answer. I've made a formal written…
-
SIPP Issue - Paid more than I should into it
I have a SIPP and I paid into it on the 1st April, not realising the new financial year started on a Monday and not the first of April. What will be the fallout for having done so? I think it's too late to take it out and put it back in. I didn't work for last year and I realised I have overpaid by about £750 by putting it…
-
Moving abroad - what actions required on UK private pension
Hi, We are moving to France in a few months. My partner has a private pension with Aegon, and we have been advised he should take the 25% tax free lump sum before we leave, so as to not lose the tax free element he can get as a UK resident. To do this, we need to change provider as the current product doesn't facilitate…
-
Retirement calculator NHS pension
Hi I semi retired 2 years ago, small NHS pension (1995 scheme) but ideally want to fully retire by 63. Currently still working paying into 2015 Scheme which I will likely take early (with reduction) at 65 rather than 67 and also have some savings. So it's the million pound question can I afford to go? My main concern being…
-
LEAP
I was just reading about LEAP where if you had children in the 90s you possibly won't have had NI contributions applied to your account. The DWP have already paid out to many and have sent out letters with many more to come. Do we just sit and wait for a letter if we qualify? Can we contact them and who? Anyone have any…
-
NHS Pension after Nominal Pension Age
Hello I had a question about NHS pensions. I am 70 and have already reached NPA (nominal pension age). In addition, I am leaving my current post at the NHS in August. I am uncertain if I will continue to work in an NHS position at this point. I have been employed at the NHS for around 10 months. I have been told I am…
-
Pension Credit
I wish to declutter our home, as I receive pension credit do I have to inform the DWP if I sell off my own belongings. Particularly if my wife would probably wish to buy new things with the money 😄
-
NHS pension P60 - have you received it?
NHSBSA say P60s are usually sent out by the end of May. OH's hasn't arrived yet - has yours?
-
Should a very sick person keep working - where does he get advice on options?
Hi - please can any one advise how to get informed help for a sick friend with difficult decisions - he is possibly terminal but is continuing to work as much as he can manage, so his wife gets his death in service lump sum. I think he needs someone to understand his work Ts and Cs for him. He is in constant agony and very…
-
Pension planning for a special needs dependent
Hi, Are there any suggestions or tips to share when you are planning finances for the long term, considering a special needs dependent? Currently am investing any earnings over 50k into pensions, with a plan to use the tax free amount to pay off the mortgage upon reaching 57. The mortgage is expected to be 200k at that…
-
Auto enrolment chaos, what are my rights?
I was paid at the end of May in the usual manner, I never check my payslip as it comes by email, you have to log in and so if my payment amount is about right then I tend not to bother. I noticed that the amount paid into my bank was lower than usual and so checked the payslip and noticed that I had a deduction for a…
-
On constant hold with DWP re pension contributions
Apologies if this is a repeat of a topic already discussed - I've searched and not found anything relevant. I sent in a form requesting a callback for topping up contributions to my state pension (which I will qualify for in a few years). Two weeks ago, they called in a 1-hour slot when I didn't have my phone on me. I kept…
-
Foreign employer contributions into a UK pension, is this possible?
Hi Everyone I am currently employed my a company based in the EU, I am payed through PAYE and am a UK Tax payer. I am the only UK based employee. My employer and myself have been making regular contributions into a private pension scheme, this scheme isn't suitable anymore (i wont go into why, there isn't enough time in…
-
Max SIPP Pension Contribution
I save into a local authority DB pension and AVC. I have also opened a SIPP. I plan to retire this financial year hopefully. Based on my local authority salary and calculated Pension Input Amount (see table), what is the maximum I can invest before I retire into my SIPP (including any unused SIPP contributions from…
-
Tax relief on current pension contributions when drawing an old pension
I am currently employed with a company pension that me and my employer pay into, approx £1000 per month combined. From a previous employer I have a DB pension which I have just found I can start drawing from - a tax free lump and a small yearly pension. I understand this counts as part of my income and I will be taxed…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
700 discussions
6.2K comments
Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
Today at 3:16PM
