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Not Getting as Much State Pension as Expected
I checked my pension several times during the run up to receiving it and was told it was fully paid up and no top up was necessary. On receiving it in November I found it was around £30 less than expected because "In the past you paid into a workplace pension instead of the Additional State Pension". this is called being…
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Switching from Hargreaves Lansdown due to new charges
I currently have a SIPP with HL worth less than £100K however am concerned around the new charges particularly the fund switching fees of £1.95 per trade which feels v high. Have other readers switched to other platforms. If so what ones did you switch too and are there services and charges better?
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De-risking before retirement
So, I plan (hope) to retire in about 18 months, when I will be 61. I have a works pension and the state pension from age 67, which seems okay. To bridge the gap of 6 years, I'll need about £150k, which I currently have in a combination of ISAs and a SIPP. I'm working for the next 18 months to build up a cash reserve and…
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Aviva group personal pension to SIPP
I've been doing some research into my Aviva pension, a former Friends Provident policy that's been deferred since 2014. It's done rather well, particularly since I invested the bulk of it in international and UK equities in summer 2000, and is worth about £185k, about £20k of which is in with-profits and which generates an…
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Pension drawdown
I have 2 private pension pots 1 from past 1 from current employment - I decided to take out 4K but ticked the wrong box so it is not from the tax free amount. I noticed the mistake & conatcted the pension co. Howver they said it cant be changed. This was prior to reciving the money. It was my mistale however it has now…
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State Pension/National Insurance contributions
Was a trainee driving instructor, but failed my final attempt to qualify fully. Was self employed. Checked online and have 37 years full N.I. contributions. Been refused Job Seekers Allowance as haven't paid Class 1 N.I. contributions. So, 2 questions: Are there any benefits I can get as will be looking for part time work…
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New Capita-run Civil Service Pension Scheme - problems (what a surprise!)
So, Capita have taken over the admin for the CSPS and their new website and members portal went live this week. I have just registered on the new portal and am not in the least bit surprised to find that the information available on the new portal is very scant and incorrect in terms of my length of service. With…
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Should I take out an AVC/APC or save up for early retirement
Hi, I retired from a job after 30 years at the age of 55 years with a pension. I have since gone on to work part-time, working 22'5 hours weekly. I contribute to the TW PF which is a CARE pension. Contributions are at 5.8%. I would like to retire at 60 years, which would mean that I have contributed for 5 years. I would…
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Old employer does not have salary details for pension company
hiya, I have a pension from a job i had ages ago. I want to take some of the benefits but my old employer does not have salary details for the pension company. The pension company say that they can't provide my benefit tax free (as is my entitlement)..because my employer did not provide these details.. I have a rough idea…
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Delaying annuity
Hi I have £50k in a pension plan. I'm 61, have Parkinson's and intend to retire at 67.I contribute£300/month..I have other savings for retirement.Im just canvassing views on whether to take a staged annuity now with the £50 k (as rates are good)and another at ,67 with the balance or take the whole amount at 67.Theres no…
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Tax code for SIPP withdrawal
I just made my first crystallised SIPP withdrawal (I made a PCLS one earlier) of £13,700 but only received £9156.80. On a tax code of 1257LX that seems to make sense, albeit that my online HMRC account shows estimated tax for the year of £226. My question is whether every SIPP withdrawal will be taxed like this, and if not…
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70 and wanting pension advise please.
Hello, I would be really grateful if anyone could give me some advice on the best way to proceed with claiming my pensions. I have been on the pension wise website and completed the questionnaire but am still confused with options. I have 3 pensions that are with one provider and I with another. My aim is to take the 25%…
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Small Pot Question. Complete Pension Idiot.
i realise pensions can be a minefield but i am hoping i am a "simple case". the first i looked at my pension situation was in the last couple of weeks. maxed state pension. i have 2 private pensions but both are tiny and not contributed to in decades. i am 55+ i think i will be back with questions regarding one that seems…
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Pre 97
What is the pre97 amount added to latest pension statement?
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Can anybody explain in layman's terns why I am not getting a full state pension?
I received my state pension in September 2018 I had to retire in Nov 2006 due to ill health, and was told by the benefits person I spoke to that as I had 37 years of NI contributions already I did not need to seek sickness benefits to gain any more NI contributions. My works pension was over the limit to receive any…
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HL Sipp - Taking tax free lump sum.
My husband has a Hargreaves Lansdown SIPP. He's 75 this year, and now wants to take his 25% tax free lump sum. We understand from the information on the website that all the funds in the Sipp will be moved to the 'Drawdown Account' within the SIPP. I've been told that, before we put in our drawdown application, we'll need…
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Pension forecast worries
I read with a little concern that the HMRC on-line tool for forecasting state pension may not be correct for those who contracted out of SERPS in the past. I am pretty certain I did contract out around 1998, but I have no real idea for how long or exactly when this started or indeed stopped. I have no payslips from then…
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Compulsory pension scheme transfer being stalled
I’m trying to transfer my workplace pension into a private scheme, but the process has stalled for several months despite all paperwork being completed. The latest request is the pension's HMRC certificate. The old scheme is stalling. It’s meant to be a compulsory transfer linked to leaving employment because I was there…
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small pot claim
hi all i need some small pot advice please i can have a pcls sum of £5,923.05 with a annumand of £888.46 total pot is £8,770 i closed another small pot i had worth £4.900.74 less tax october 2025 one and final payment . what does "annumand" mean and do i declare the £4900 as LSA OR LSDBA any help really appreciated thank…
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Sipp
A financial company that I use for managing my Sipp are proposing a change from the AJ Bell platform to the Soderberg and Partners platform but was also informed that Soderberg and Partners had bought a 20% stake in their company. They have said that this proposal has been checked with the Financial authorities and there…
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Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
