-
Flexible drawdown
Hi, if you have flexible pension drawdown can you take your tax free lump sum spread over a number of years? so for example you could take your personal allowance of £12570/year and say top that up to £15000 for that year using part of your tax free lump sum, so basically not having to pay tax for that year. Or have I got…
-
Annuity Interview question.
Just a quick question.Now The Glorious Day has finally dawned, I want to convert my small free standing pension pot into a lifetime annuity.My provider insists on an interview before they can act (I just want the maximum monthly payment for the rest of my life- give it to me now! :) ), and I need to have my height weight,…
-
Civil Service 'Classic' and early retirement (pre 55)
Hello everyone I am looking for any experience / advice on leaving pre 55 based on a current (scheme year 24-25 and scheme years 25-26) period of higher earnings due to a temporary promotion. My classic length of service (post McCloud judgement) will be 28 years 171 days and I am a Classic member. So my pensionable…
-
LGPS Strathclyde Pension Fund - should I expect communication?
I have a deferred final salary pension with the above which I want to start taking on 31st January 2026. I filled in the deferred options pack and emailed it to them on 18/10/25 (because they said they need 3 months notice). I asked them to acknowledge receipt, which they didn’t do, but it’s showing in the online portal as…
-
Pension Credit Guarantee Credit
I received A letter in Jan 2025 from DWP saying that from April 2025 my Pension Credit will be such amount, the last amount i received had decreased, why would that be?
-
Gilt Ladder In Pension Fund
To diversify my portfolio a bit more I'm investigating building a gilt ladder. I have no need of this money within the next ten years since I "pay" myself out of cash that I hold in the SIPP and my MM fund. With that in mind, would a ladder be a bit redundant and maybe should I just split it across T31 and TR32 with that…
-
SIPP holder dies at over 75 - just checking my understanding
Evening all, I’ve had it confirmed (by my SIPP provider) that if I ‘pop my clogs’ after age 75, then my SIPP beneficiaries (some of whom are resident overseas and non resident for UK tax purposes) would not have the option of receiving their share of my pot as a (drawdown) beneficiary SIPP; instead they would have to take…
-
Workplace Pension
Hello all, due to arthritis I am unlikely to work again between now and collecting my pension in 6 years' time. Is there any way I can cash in a couple of small pensions and avoid paying tax on the 75%? I will have no other taxable income, and my thinking is that if I cash them in over the next three tax years but make…
-
Gilt ladder in SIPP - some not availiable gilts in platform
I am researching setting up a conventional gilt laddder inside my SIPP (as an alternative to taking a joint lifetime annuity). I have been using the excellent tool at https://lategenxer.streamlit.app/Gilt_Ladder. Unfortunately when looking at the individual gilts needed to implement my selected choice of income, some seem…
-
Topping up my SIPP using unused allowances from previous 3 years pension contributions
I have received a small inheritance & I hoped that I could use it to top up my SIPP using the unused pension allowances from my last 3 years of PAYE & SIPP pension contributions. I earn £20K/a and I know can only top up to that amount this year, but I have more to invest so checked the HMRC website: You will not be taxed…
-
ILG pricing
Simply as an exercise to see how things work, I bought of £500 of Treasury Index linked 0.125% 22/03/26 today via Bell. Price on Bell currently shows 156.23 Put me right please - I assume that price continually rises - due to the IL bit continually being added on? Coupon will be 0.125/100 x price at the time of coupon…
-
Redundancy and Classic Lump sum
Quick question for a friend (honestly it’s not me - I’m Premium) if someone in Classic / Alpha is offered redundancy, and uses the redundancy payment to buy out the actuarial reduction, do they still get the Classic lump sum? I think the answer is yes, but I’m looking for a reference. Si
-
FAS (PPF) May Start Offering Inflation Increases on Pensions Prior to 1997
Just got an email today from the FAS to say that there was an announcement about pension inflation increases (capped at 2.5%) for service prior to 1997. I have no idea if I will benefit (all mine was prior to 97) or if it will just be future members when they reach pension age. Dear Mr ...., I’m writing to let you know…
-
Life Assurance Policy
My FIL said he had this old life assurance policy with the North British & Mercantile Insurance company, which google says was taken over by Commercial Union, which has now become Aviva. Reading the policy certificate, it seems to indicate that it is a life assurance policy that only pays out on the death of the policy…
-
Aptia DB pension - different valuations
I have an old Nokia pension. coming up on 55 so looking for an illustration. The scheme administrators sent me a rebaselined figure of £17800 in todays numbers at NRA of 65. this was in February this year. They also provided the early retirement factor table - 0.82x at 5 years early, 0.70x at 10 years early. From that I’ve…
-
I’m lost
I’m after advice on my db pension I work part time 16 -20 hrs a week I’ve just turned 55 I want to take a lump sum and then use the rest as monthly payments I intend to carry on working my question s are its has db with profits and a mvr my pension pot is £65000 would I be best to draw down or get a annuity though I don’t…
-
Serps tracing
When I worked at Texas homecare in the 80’s we opted out / serps I believe to home charm pension scheme. We were then bought out by Homebase which was part of ladbrokes then I believe the Hilton group took over the pensions. Has anyone had any luck in tracing their pension from this home charm company ? HMRC say it’s…
-
Paying redundancy payment into private pension
Im 57 a higher rate tax payer and am due to receive a redundancy payment some of which I will need to pay tax and NI. Is there any reason why I shouldn't / can't put the part of the redundancy payment that is taxed into a private pension and claim back the tax. Ive enough pension allowance banked from previous years. Am I…
-
Self Employment and NI/State Pensions
My wife and I have been in a business Partnership for many years but whilst for the last 5(plus many more) my NI contributions are showing as 'Full Year' my wifes are not.....I should mention that I started recieving my State Pension in July 2025 and my wife is due hers from May 2026..is ther any reason why there should be…
-
Adding to old workplace pension from savings and claiming tax relief
I want continue to pay into my old workplace DC plan now that I left the company at end of July. I am still earning a salary and paying PAYE from my old company - but have no longer have the option to add anything to my old workplace pension (long story). I have already made contributions this FY via normal company salary…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
727 discussions
6.3K comments
Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
