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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…
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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…
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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…
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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…
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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…
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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…
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Frozen USS pension query
I have a frozen USS pension, built up over 8 years and I left in 2013. Since then my modelled projected payments (both annual and lump sum) have not increased at all - they are literally frozen in time. In reality when I come to claim the pension, will inflation over these years be applied? Otherwise it defeats the point…
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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…
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State Pension Tax
Hello, I saw the interview with the Chancellor and wanted to ask about an existing tax bill my mum have received. A bit of background, mum was a nurse in the NHS for over 45 years. She never paid into any pensions as she was made a single mum when my dad left and had 2 small children to raise so simply couldn't afford it.…
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P55 from and pension drawdown questions
Hello, I need some help please. In 2020, I took my 25% tax free lump sum from my pension. This year in July I took another amount. The pension company didn't deduct my tax at source, so I have to pay this tax myself, which I have saved and am ready to pay. I have several questions 1. Do I need to pay this amount at the end…
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Pension on death
Hi, please can you help. On death of a loved one, do you know how long it takes employer's pension administrators to deal with the expression of wish and payout of a death in service benefit. I am only asking as I am not executor of will but a named beneficiary and I haven't been contacted other than to provide ID etc…
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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?
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IFA pushing me in a direction I don't like
Hi, I have been trying to move my main SIPP from an administrator who I feel has been very poor in the past and expensive in terms of fees to a self-managed ii SIPP. I have already opened the ii SIPP account moving a second, smaller pension fund I had into it. However, the administrator prevented me moving my main SIPP to…
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On Taking the Max Capped TFLS
I'm trying to take an UFPLS sum out of one of my SIPPS at the moment and it's a frustrating process because I'm nearing the max capped limit on the tax free lump sum. It turns out that when you have taken over 90% of the max £268,275 you have to submit paperwork detailing the exact amounts you've taken to date. This has…
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Hargreaves still on a go slow
Wife has requested a TFLS and had an email this morning stating they are very busy and her application will hopefully be actioned in around 20 working days, which probably means late January. It’s a good job she didn’t leave it till February/March as that would mean her drawdown account would be virtually empty after the…
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How do you set retirement target?
I am 44 and only have about 30k in pensions and 200k in property. Where should I go from here? I have no savings on top of this. Do I need an aim for a total pot? Is the 4 per cent rule still a target eg 250k gives you 10k a year? Thanks for any help
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Buying ILGs on iWeb
I have much of my ISA investments on iWeb. I am planning on moving some of these investments into ILGs. Has anyone any experience of buying ILGs with iWeb. It seems that it can be done online. But wondering if anyone has done this recently? Are there any pitfalls? Thanks
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Supposed free inheritance preservation seminars
Please delete
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Deferred DB pension help
Hi, I'm new here and could do with some help with a small and ancient defined benefit pension from a company my wife worked for between 1983 and 88, which was long ago taken over by a larger company with outsourced pension admin. She received a letter a year or so ago laying out her options for a £2,500 DB pension starting…
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bt pension selling
hi all i recently contacted btps re cashing in for a lump sum they replied Unfortunately, the value of your current pension benefits is more than the £30,000 limit allowed byHMRC for this kind of one-off lump sum. This means you aren’t eligible for a trivial commutationpayment.i am 65 and my pension is approx £650 a month,…
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
