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Was GMP reconciliation brushed under the proverbial carpet after our COPE figures were set in 2016?
The question is in the thread title.
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Retirement advice / de-risking investment portfolio
Help please forum. When I am 60, I plan to retire when my Civil Service DB pension kicks in; it is currently valued at 13K PA with a 40k lump sum. I will need about 26K PA to live comfortably between 60 and retirement age. I have 200K in the FTSE Global All Cap at present with Vanguard. Do I take 26-13 = 13K per year from…
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Pension planning advice before seeing an financial advisor
Basically last couple of weeks I've been going over my finances like many I haven't given my pension much thought. After being divorced and getting my feet back on track, now is this time to look at this. I'm 35, 1 dependent planning and intend to be mortgage free around 45. I'm now getting a pay increase which I don't…
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Mercer annuity fees
I should preface this by saying I know I could go to an IFA and I’m also aware that I should get quotes from more than one place. Having said that, this question is specifically about Mercer and their fees for setting up annuities. Mercer are about to quote me for an enhanced annuity. During email exchanges the subject of…
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When to reduce pension contributions?
My DC pension is currently at about £700k and I am contributing £60k per year. I am 42 and I'm conscious that if I keep contributing at this rate then I'm going to suffer tax at 40% when withdrawing much of what is being contributed at the moment. On one hand that isn't necessarily a problem as that is less than my…
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Tax on private pension
Good day everyone, I've recently retired early at 65 from a job with a local authorityand am taking an income from 3 pensions, I've taken the maximum tax free lump sum from each one and taken the remainder as drawdown. I can take my state pension next March. Private Pension 1 is a gross amount of £1000 per month for 10…
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Avoid higher rate tax in employment with additional SIPP UFPLS income
Hoping for any ideas please - early 60's (male) with an intention to work 4 or 5 more years. I've been taking UFPLS cash annually from a SIPP (ex SERPS, no new contributions) for a few years and putting most of it into a Stocks & Shares ISA, which has done very well while making it accessible for some large purchases/maybe…
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Thinking Early retirement , is it feesable
Not sure if this is the right forum But as a 60yr old , I am considering retiring in Jan 2028. as is my wife also 60.(no pension to speak of) I have tried to search online to see if it would be possible.. after banging my head.. I decided to create my own Predictions based on the following Currently I have 242,000 in SJP…
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DC to DB
My friend has a question. He is young and just has three tiny DC pensions from previous employers - sums are 2.8 K (Smart Pension) , 1 K (NEST) and 2 K (Smart Pension). Recently he started a new job in the council and received a letter stating that he has 12 months to transfer 'previous pension rights from a non-LGPS…
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Finding missing pensions
Hi there. My wife has had power of attorney over her mother’s estate for a few years now. Her mother is 74 and has had Parkinson’s and Dementia for about 5 years, and her husband died 19 years ago when he was 64. We know for sure that her husband, (my wife’s father) had at least one private pension scheme as he was self…
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Pension reductions
Hi, if you take your private pension early, there are bigger reductions the earlier you take it, the largest reduction being at 55. When the age you can take your pension changes from 55 to 57, will the reductions stay the same, or would they adjust them, meaning a bigger reduction at 57 than their would’ve been before the…
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L&G sent letters to change pension fund/scheme should I?
Currently in L&G pmv multi-asset fund 3 L&G (pension pot from my previous company). Received letter they will swap unless I opt out to L&G pmc lifetime advantage fund 2040-45. After some reviewing I understand the new fund would invest more aggressively until c. 10 years before my due retirement date may 2043 (though…
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Lifetime allowance query
I know lump sum allowance has taken over lifetime allowance, but I'm just helping my F-I-L understand his pension. At age 75 (01/03/20) his lifetime allowance was tested, and the figure was 92%. This included the TFC he took with his existing plan, BCE 5A & 5B, and 15% LTA used with a 3rd party provider. Now, post age 75,…
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Move to SIPP or stay in active managed fund with fees?
I know this question has been asked plenty of times in various guises, so apologies upfront! I’m 50, with around £220k in a pension and contributing £1,645/month via salary sacrifice. At the moment, everything goes into a Quilter account managed through Tatton (Global Core Active), with total fees of about 1.4% (0.5% of…
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Weird transactions in my Aegon Retireready account
I have an Aegon retireready account through my employer. The funds in the account are all in an Vanguard accumulation fund except for a small cash amount to cover ongoing charges. I noticed in the last few days some weird transactions where they sold £98.59 from my fund without my having done anything. There is a "sale…
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I want to retire early - how can I plan for it?
I turned 40 this year and reasoned that another 25 years at the coal face in the my industry is not as attractive as it was when I was 20, so I'm looking for a way out that doesn't leave me potless in retirement. I am fortunate enough to have been very lucky with some investments in the Stock Market a few years ago so I…
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Bond Yields Long term
Can someone help me understand how the news headlines about this are calculated? We are seeing UK government 30 year bond yields at the record level since 1993 of 5.6% (source BBC) today. However what does this actually mean? I don't think the government issues 30 years bonds every day that you can buy, so is this based on…
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Voluntary contribution
Hi advise please, can pay contributions going back 16 years, do you have to pay all in one go our can you say pay 5 years one year 5 the following etc, thanks for any advice
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Cash or DC pension First?
I’ve a 2:1 mix of DC pension and ISA cash to live off in my retirement. Is there a general rule (or do I need to do a detailed calculation of multiple scenarios) for what to take first? Cash first? DC pension first? A mix throughout (what ratio)? My personal allowance is already used up by my state pension. Any advice…
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Guaranteed Annuity help needed
Hello I
wondered if anyone had any experience with this Husband has
a small pension with Royal London stated in 1985 paying in £252 a year; total
payments as of last statement are £10143 Breakdown of
policy value is £19687.33 Final bonus £27760.79 Total policy
value £47448.12 The pension
has a guarantee on it, I have the…
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
