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Civil Service - Applying for Voluntary Redundancy
Hello, I am retiring in March 2027 at age 58. Whilst there is no mention of any redundancies at the moment I was wondering what the process was for applying as there's no harm in asking? My team have undergone a recent recruitment exercise which means IMO the team is now completely overstaffed and my work can definitely be…
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Added Years missing and miscalculated - Civil Service Pension Classic scheme
Hi everyone, I've been happily purchasing Added Years on my CS Classic scheme pretty much since I joined in 1998 (Added Years arrangement was put in place in 2000). Given my age at the time, I was able to purchase the maximum available to me: 7 years. I've kept all the confirmation documentation (hard copy letters in those…
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Taking the tax free lump sum or leaving it as a defined benefit? Civil Service Pension Scheme!
I was employed by the civil service for 5 years, raised through different ranks and left at a SEO grade. From day 1 I opted into the Alpha pension this was from January 2017 to January 2022. I left in February 2022. I'm 33. As i left the civil service, and logged into my civil service pensions account online, I can see my…
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Civil Service Pensions - Capita staff comments
There's a report in Computer Weekly on internal staff comments about management platitudes - not good news but reflects internal tensions:- https://www.computerweekly.com/news/366648014/Capita-CEO-receives-scathing-rebuttal-from-employee-over-botched-contract
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Every time I get a quote for my modest DB pension - it has gone down.
Hi, I have a modest DB pension form a previous employer. It is linked to the final salary I was on when I left that company. I can go ask for a quote on their portal and input a date I would like to start drawing it as long as it is over 55. I have just got a quote to draw at 55 (a few months after 55th birthday) and it is…
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LGPS annual statement whilst receiving my pension
Should I still recieve an annual statement that shows the CPI annual increase to my pension and the latest survivor pension amount? I asked my LGPS scheme today and they said they do not provide that information each year.
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Missing Aviva pension
This discussion was created from comments split from: Aviva pension policy disappeared from MyAviva.
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Inherited SIPP options
Having seen some excellent un-biased advice on financial matters on this forum, I wonder if any of the experts could offer some suggestions. A close friend approaching age 60 (Miss X) is going to inherit a SIPP in excess of £250k from her younger sister who recently died. So the pension will retain its Tax free status. I…
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Life assurance - keep going or with or without indexation?
My OH has a life assurance policy taken out 30+ years ago. The intention at the time was to provide cash if the worst should happen to pay the mortgage/ support me while the kids were growing up etc. Now the mortgage is cleared and the kids are self sufficient. So its original purpose is no longer. However, it is in place…
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How much UFPLS can I take?
I have been getting a little bit confused about tax and I wonder if someone would be kind enough to help me calculate an UFPLS withdrawal I intend to make? I am trying to avoid paying higher rate tax and wish to use up my basic rate tax allowance with UFPLS withdrawals. I am expecting to receive £26,361 gross in DB…
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Considerations for Post Retirement DC Fund: Please Help
Hi All, Appreciate advice is not possible on this forum, so instead I am looking for considered opinions on a suitable post-retirement fund in which to invest my current DC pension, after having taken the 25% tax free element. In summary, my situation is as follows: 62, recently retired through redundancy and living…
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Financial Assistance Scheme
I received a letter today from the Financial Assistance Scheme. It seems to say that a law has been passed to allow interest on pensions from pre 1997. It seems strange to back date a law so far back. I don't recall many details about this old pension, I believe I got a small lump sum from a previous employers pension,…
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Transferring a SIPP from one provider to another
How does this work. I have a Vanguard SIPP with money invested in a fund. I want to transfer the SIPP to T212 and I know the same fund is not avaliable in T212. There are similar funds. Are the funds in Vanguard sold and held as cash before the transfer and then new funds purchased when the Transfer is complete? Anyone…
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Freetrade Basic - Sipp question
I transferred a SIPP to Freetrade from Vanguard containing just the Vanguard FTSE Global All Cap. (VAFTGAG) I assumed it was completly free in terms of platform charges (my reason for moving) but now have discovered that cash withdrawals are £240 a go. That's fine - I'll transfer it back to Vanguard when I want to start…
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Any downsides to AJ Bell as a ‘one SIPP’ for retirement drawdown?
I currently have three DC pensions workplace pension - Royal london old frozen pension with Aviva that won’t let me consolidate as it has some benefits I can’t find out and anyway its only £18k (quite annoying honestly) SIPP with Fidelity currently I do partial transfer from RL to Fidelity which is where most of my funds…
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True Potential redress offer
My wife and I moved our pensions to True Potential back in 2021, upon the (verbal only) advice of our IFA at the time. After a couple of years, I realised that this was a mistake and eventually moved everything over to a DIY platform and happily manage this all myself now. I didn't complain at the time, just wanted to move…
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Occupasional Pension Withdrawal.
I receive a payment each 3 months from my Occupasional Pension along with my State Pension. Is it possible to withdraw my occupasional pension as one lump sum ? Finishing the 3 monthly payments.
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Beneficiary provider search
Hi, my brother is due to receive a beneficiary pension and as I have Power of Attorney for his finances I am looking for SIPP providers who would be willing/able to receive the pension and allow drawdown when he needs it. Does anyone know if there is somewhere I can get a list of providers that do this or any providers…
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Check Your TPS Pension (More Maladministration at Teachers Pension Scheme)
If you are currently in receipt of a TPS pension, I would strongly advise you to check your most recent payslips. There is a big bug in their system meaning they have cocked-up how they've applied the latest Index-linked increase. In my case, their error has cost me over £15,000 pa, yet nobody at TPS is prepared to help…
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Fixed term annuity
Good morning I am about to start drawing on the smallest of the three pension pots I have. I am currently 63 and out of work since redundancy last year. Generally, we are OK for money with 3.5 years to go until state pension age. I was about to move forward with an income drawdown arrangement on the smallest of my 3…
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751 discussions
6.5K comments
Most recent: If You Have Registered For A … by molerat
11 August at 3:06PM
