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Teachers Pension Help
Hi, new starter in the TPS and very confused! I am 45 and would like to retire at 65. I would like to contribute additional payments to enable me to do this with a reasonable annual pension. Having looked at the TPS website I have read about ‘Buy Out’ and ‘Faster Accrual’ but am still none the wiser about my best way…
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Pensions Vs ISAs and fiscal drag
Pension £400, ISAs £400 Retire in 15 years. Full time employed. Will get 100% state pension at 67. Hi, my plan for next 15 years was to slowly use the ISA cash and contribute an equivalent into pension thus adding 25%ish tax relief into it However if the 40% tax rate keeps at same level, in 15years I'll be paying 40% tax…
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Bold leap into retirement
Morning all, I hope you have managed to find some time for yourself in what can be a busy period. We have enjoyed spending time with family over the last 3 days, it’s a quiet one today, then off to visit more family tomorrow. I’m not planning anything wild for NYE, but have been really starting to think about what I want…
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Pension funds
Is there a figure that you should go from workplace pension providers to independent financial advisors... I've got 350k in a closed Scottish widows pension.low costs....doing ok....probs 5%…taking the 5% every year so pot isn't shrinking…should I look at ifa,s and take more... really like to here views..
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oh no, its a ‘which SIPP provider’ thread
frustratingly I just found out Fidelity (who I’m with) don’t offer individual gilts. I was planning to set up a gilt ladder for a part of a bridge fund. I could probably work around it, but the point of the ladder was certainty, so relying on an MMF or short/intermediate bond funds isn’t exactly the same. so I guess the…
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National insurance query
If still working and have paid over 35 years national insurance contributions can you ask to stop paying. A friend of mine has received a letter from hmrc she is self employed and has been told she does not have to pay anymore. Does anyone know if that is the case?
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Capita Data Breach/Barings
I’ve just had an email from (Removed by Forum Team), Head of Data Breach at Barings Law advising that he is moving to Abbleys Solicitors and taking the Capital Data Breach case with him. Has anyone else received this? Wondering what the implications of this are? Thanks
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Receiving pension
Hi to you all and would love some advice please How long should it take to receive your 25 percent tax free lump sum? Ive requested the lump sum and pension provider said they are waiting on my ex companies trustees to verify everything? My old company is Colgate-Palmolive i worked for and Cartwright are the company look…
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Aegon has paid out both 25% tax free and 75% taxable
I requested 25% tax free and the balance to go into a drawdown pension, but Aegon has paid out £7,000 and I've paid £2k in tax (with a note, "take it up with HMRC") Can this be reversed? I am still paying into a pension through my job.
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Invigilator and class 2 national insurance
I invigilate and I am short 3 years National Insurance contributions to get my full state pension so I thought I would register to pay voluntary class 2 national insurance contributions. General advice is that you have to register for self assessment. I did that but annoyingly I couldn’t get it to calculate correctly…
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Best remedy with early Classic, deferred Alpha
Can Alpha in remedy still be better when taking Classic around 57 (NPA 60) and Alpha (NPA 67) at 60? I get the feeling that the lower Classic figure will be generally evened out by Alpha when Alpha’s taken at 60. The higher Classic figure with Classic in remedy is tempting but the Alpha element starts off from a low base…
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Late husbands COD payment from Pension Provider
I have a letter from HMRC advising of small weekly payments due to me from my late husbands private pensions. One was a company pension and I am receieving the 50% widow benefit which I believe includes the COD amount. The 2nd pension was only guaranteed for 5 years and they stopped paying it some time ago. - Needless to…
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Is retirement boring?
After counting years/ months down, I find myself thinking retirement will be boring - I get bored when it's a long weekend like this one (Scotland got an extra public holiday for the football). I've therefore decided to stay on for a year or so. After renovations to the house and travelling, what else do retirees do? I…
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Making most of personal allowance in year of retirement
Hi All My husband is planning to retire on 7 June 2027. The aim is for him to utilise his personal allowance of £12570 before he stops. He is particularly keen to do this as he is currently 52, and will be affected by change in national minimum pension age so will miss out on a few years of tax-free cash as can’t access…
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Sipp transfer Help
Hi, I decided to transfer my AJ Bell Sipp , cash and stocks, to interactive Investor as there recent new platform charges were attractive, especially fx charges on US shares. Application started in mid May, and progressed well with equities transferred by 02 June, and cash settled on 10th June. I now need to take benefits…
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11 years of pension freedoms
So assuming people turned 65 11 years ago and took their pots, they're now 76, so approaching their eighties. I'm wondering how people plan to manage their finances in their 80s? Assuming they have reasonable assets then purchasing an annuity could be an option. I'm just not sure that in my 80s I'd want the hassle of…
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When to switch a Gilt ladder from nominal to index-linked?
Hi everyone, I’m looking for some thoughts on when it makes sense to choose index-linked gilts over conventional nominal ones within a retirement ladder. I currently have a 9-year gilt ladder. I love the peace of mind and calm it brings me. Even if I’m foregoing higher equity returns in the long run, it mitigates sequence…
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Funds for a short term sipp
Going to open a sipp for o/h. Hoping to get around £30k invested over next 3 years & then draw down probably around 7k a year for 4 yrs, until state pension arrives. I know options for investment over this short of term are limited. But does anyone has any thoughts on what to do? I use Hsbc GS balanced in mine, which has…
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IFA to restricted adviser
Having spent many years as an employed Independent Financial Adviser (IFA), my employers have sold their business, and in three months' time I will become a Financial Adviser (FA). For a long time I have told clients, prospective clients, posters on these boards, and indeed anyone who will listen that if they are going to…
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Pension pots for over 75 year olds
I currently save into a workplace pension with Royal London. I will be 75 years old next year but am still in full time employment, I expect to continue in my job for a few more years yet. Royal London have my retirement age as 75 so I asked them if this could be changed to 80 but they replied that they do not accept…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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6.5K comments
Most recent: If You Have Registered For A … by MicKeat
4 July at 4:15PM
