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Sipps with 3 years to go
Are people holding their nerve in the current climate? When only 3 years to retirement? I am thinking of switching to dividend paying funds , not selling, and hoping things will change in the next few years . I have a 60/40 split. Equities/cash etc. Others??
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LGPS and AVC queries
Hi, I've just been looking through my pension forecasts. I'm hoping to retire in 9 years time - 60 years old. I'll have a LGPS of £23,000 approx per year. I've just started to pay more towards my AVCs in the hope that I'll have a pot of £75,000 ish when I retire which I can take as a tax free lump sum. I'm thinking that…
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Paying more into employers pension scheme?
Is this a sensible choice to make…? My 19yr old son is doing an apprenticeship and is joining his employers pension scheme, His contributions default at 5% of earnings with his employer matching them, but he can increase his contributions and his employer will match them. He wants to pay 7.5% but I want him to pay in more,…
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Third Party Pension Contribution to Daughter
I want to make a regular Third Party Pension Contribution to my adult Daughter's SIPP. The SIPP is with one of the major providers. The contribution would be a regular "gift" out of my excess income, so would not be affected by any IHT issues. I do not want to make the contribution direct to her own current account, as I…
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Yes I know these are basic questions but......
I can't for life of me find the answers already on the forum. I was auto enrolled in a Nest pension with my employer. I’m paying the basic 5% of the qualifying amount and the employer 3%. If anyone is able to answer it’ll be bound to generate a few more questions. 1.I understand that I’m not paying income tax on my…
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SIPP help - urgent!
Hi there, My partner is receiving a large bonus with the end of March salary, which will land in the bank account tomorrow. It was expected for April payment initially but employer decided to pay out this tax year. My partner is on a salary sacrifice scheme and the pension provider is Aegon. The issue is she missed the…
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LISA query
This discussion was created from comments split from: Success Stories - Pensions.
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Switched from Relief At Source to Salary Sacrifice
I have asked a very similar question previously but just want to clarify things as its getting to that time of year where I have to fill in a tax return - I am a higher-rate taxpayer and anything over the 20% tax threshold I was paying into my pension scheme rather than paying the 40% tax, up until December last year I…
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TFLS age
I am a few years from retirement. But could be looking at a redundancy in the next couple of years. Just looking into options, with nothing firm. But I have been researching when I can draw on my TFLS. My current age puts retirement at 67, which means I can't access my pension until 57. However, I have read that the age at…
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Any point in invsting in a SIPP after 75?
With the loss of tax relief on contributions and SIPPs being brought into IHT scope, assuming providers even accept contributions after 75, is there any point? It would seem the best option would be to redirect any available funds into an ISA / give to family / paint the town an appropriate colour!
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Financial planner to test my retirement planning?
Hi everyone, I've been planning for my retirement for a long time, but especially in the last 4 years. I'll be 52 in May and always had an ealiest retirement date of 53 years old based on my numbers. So I'm getting very close to pulling the trigger. In the back of my mind age 53 was always the earliest I'd finish but I was…
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Portfolio tracking app
Any recommendations for a good portfolio tracking/budgeting app? I have Life strategy (formerly MoneyHub) which is great, but it doesn't drill down on your investment portfolio by region/sector etc. Snowball does this and also has dividend tracking/forecasting which is great. Snowball doesn't have the bank account/spending…
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LSDBA calculation
Unfortunately I'm in the position of looking at a quote for serious ill health commutation of a DB pension. I'd appreciate help in understanding the LSDBA calculation. The quote has 3 elements to it: (a) Commutation of the DB pension that would have been received if service had contined to retirement; (b) the standard lump…
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Personal Contribution to Pension
Hi everyone, I just wanted to sense-check something. I’ve been looking at a few online sources and think I understand it now, but it’s taken me quite a while to wrap my head around it, so I’d really appreciate someone confirming whether I’ve got this right. Goal: Reduce the amount of 40% tax I pay. Context: I earn…
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Employer from 2014-2016 did not pay into pension for 2 years
Hello I have a query about an old employer who I only just realised, after trying to track down old pension providers, did not enrol me or pay into any pension scheme for the entire 2 years I was employed - even the government state pension. I know the law has changed a bit since this period of employment (2014-2016) but I…
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Unauthorised Digital Signature
Have spent over a year attempting to get justice due to Pension Advisor using requested digital signature for access to my Pension accounts only to sign Client Agreement, open SIPP Pension and start transfer of 6 Pension accounts without my knowledge or permission. Complained to company and to Ombudsman who backed up the…
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Is the Civil Service Capita problem stopping coverage of other poor schemes.
(sorry - just a rant) Are the problems with the civil service pension scheme causing so much noise that other less bad schemes are not being looked at? My NHS 2015 pension is now 3 months late. I received an email apologising for the delay and assuring me that 84% of recipients in December were paid within 30 days of the…
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Which annuity provider? Where does the commission come from?
Thinking of annuitising a portion of my SIPP. Looking at the Hargreaves Lansdown annuity calculator/quote tool. Example being used is: £100,000 purchase, no tax free cash, 50% spouse pension, 5year guarantee, 3% annual increase. Some enhancements due to health issues. Quotes coming back at £7,150pa highest from JUST, down…
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Pru Fund Performance - fund value confusion
I am posting on behalf of a friend who is not tech savy or pension savy. The information I have is limited so bear with me. He has had a Pru Fund pension since 1988, and has drip fed contributions since then. I don't know how much historically, but currently £50/month. There is no mention of what fund he is invested in…
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Soon to retire
Hi, recently moved my sipp into a safer deposit account as it was in a high risk plan ,as planning on retiring soon,also have a small nhs pension and some cash savings,whats a general tax efficient way of withdrawing from any of the three above. I was thinking of taking the 12750 a year from sipp and a futher 5000 from the…
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Most recent: Home Responsibilities Protect… by UKTaxHelper
21 August at 10:09AM
