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Is there a relationship between "Full pension" (as % of LTA) and Transfer Value of a DB Pension?
I have a DB pension due to me that has IFA approval to transfer to my existing SIPP. The transfer value quote from the Pension company is approx £83,000. In the paperwork from the Pension company a figure of £175,000 is given for the "value of your full pension", being 16.4% of the standard lifetime allowance for the…
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USS - General discussion
I am taking early retirement ( 55) from USS and will have a DB annual pension of £23k and a separate £9k pa widows pension but my dilemma is I will need an additional £17k pa for the next 4 years to cover short term additional expenditure (supporting children through uni, maintain current standard of living) and I need…
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Teacher's Pensions Transitional Protection Payment
Hello, I was just wondering if there was anyone here who has retired from teaching and have received their transitional protection payment. I returned my form nearly 6 months ago and have contacted TP asking if they were still on track to make the payments within the 6 month window they had allowed themselves. I have sent…
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What happened to this Aviva Pension Fund..?
Hi, just checking if anyone has info on why this fund is no longer recognised by MorningStar, TrustNet etc. when I search for it using its ISIN or fund name: Aviva Pension Schroder Managed EP S3 - ISIN GB00B0Z0LP65 Might save me hanging on-hold for days with Aviva's helpdesk... :)
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Help me pick a pension fund, please
Hi all, I’m working for a new company and I’m wanting to see what pension fund you think would be best for me (I’m not overly clued up on this sort of thing). I’m 40 years old, would hope to retire at 62 latest and obviously want to grow my pension pot as much as possible by then. Could you give me your thoughts on what…
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Annuities
Would I be correct in thinking that if someone aged say 70 applied for an annuity with a guaranteed period of say 20 years, that would remove any benefit of asking for a health based enhanced one? Many thanks
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Small pensions - any advice
I will admit I don't know much about pensions, and up until now haven't needed to worry about them. Having left my main employment in 2021, I have had two employer pensions since. One with my current employer and one with a company I worked for 18 months. I am currently 52, and in receipt of a non-contributory pension…
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Questions on Private Pension
I’m new on this thread. I have some questions hopefully someone can help me 1. Can someone recommend a company who can trace all my pensions? I used the government sponsored pension tracing but none of my previous employers’ names were shown and I couldn’t remember my pension providers. 2. I’m happy to pay for the tracing…
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Advice regarding my wife pension and drawdown strategy
Morning all , hope everyone is in good health and not impact too much with this snow. My wife is hoping to retire at the end of March, she is self employed and the work can be quite tiring, she will be age 58.5. I know share prices are high at the moment. Her current retirement portfolio is £142k cash (I realise this is…
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Adding to stakeholder pension once retired
My wife is considering adding to her (untouched) stakeholder pension, even though she's now retired. The money to add would come from her savings. She currently has income from a small DB pension and some income from savings (none of this is above the income tax or savings tax thresholds). Obviously there would be no…
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Timescale to move from SIPP to drawdown AC with Hargreaves Lansdown?
Has anyone submitted an application to HL recently to move money from their SIPP account to their drawdown account? I am trying to get an estimate of the timescale it is taking. I made an application on 6th Nov, got a confirmation email saying 20 working days. That has now passed and I have messaged and called them for an…
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Asset allocation 10 years from retirement.
Hi all, l consolidated my pensions into a SIPP on Vanguard, where l am currently 70% Global Equities and 30% Global Bonds. I pay £300 pcm into the SIPP from my post-tax salary. The SIPP current value is £275k. I also have a pension with my job which is salary sacrifice and l invest £1500 pcm solely into Global Equities. My…
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Rebalancing My SIPP Portfolio
In the process of drawing-down a lump of tax free cash to spend on a number of specifics in February 2026. Although my SIPP is already balanced 60/40 in favour of equities, I have large sums (eg £300,000) in particular Vanguard funds.Although the specific funds are hugely diversified, my whole portfolio is with one…
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DB pensions (in particular Teachers' Pension) and Annual Allowance
My wife is a teacher and enrolled in the Teachers' Pension Scheme. She doesn't make any AVCs or anything but she does have a SIPP and is considering adding a reasonably large additional amount to it this year. I mentioned to her that there is an Annual Allowance for how much you can add to pensions (without incurring a tax…
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IHT - Potentially Exempt Transfers
My understanding of the “7-year rule" is that all gifts made by the deceased in the 7 years prior to death must be declared to HMRC The total of all gifts (excluding specific exemptions) are then subject to IHT albeit taper relief may apply. It has been suggested to me - albeit I cannot find this stated anywhere - that the…
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I am finally there. My Plan.... Please comment
Hi Everyone Sorry for
the long post…. After years
of trawling this forum (Many thanks to everyone who has helped along the way) I am
finally at the point where I will properly start my retirement. I retired
18 months ago (was made voluntarily redundant) and have lived happily on my
redundancy and small DB since. I am 65…
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Best method for validating strategy?
As I’m entering retirement I’ve realised I’m generally a low risk capital preservation investor rather than a growth investor. I’ve found the typical annual cost of 0.75% of total fund value that IFA’s charge for changing or setting up investments, wipe out any small gains. This means the picking of funds, percentage…
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DB pension query .
My wife and 5 of her retired friends go for dinner occasionally . They have all worked for the same company for many years . In conversation it came up that four of them who took the big lump sum a few years ago have received a cheque as some kind of a top up while the two who took the 25% tax free lump sum and the monthly…
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Funding Retirement Until State Pension
I have sufficient income from an indexed linked DB pension and State Pension at 67. I want to retire this year at 60. To top up my DB pension until 67, I plan to use my crystallised DC Pension and cash ISA savings. The total money is split 60:40 between DC and cash ISA. If I match inflation, I’ll need 50% of the DC/Cash…
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Overzealous in contributing to workplace pension, or the right amount?
Currently I put in 16% of my wage to my workplace pension. 10% by me, 6% by employer. I got this figure as, although I had been putting in money to my pension beforehand, I decided to go "Right, come on" at age 32. I'm late 30s now. To give numbers, I'm currently on 117k (current salary ~37k). Projected annual income,…
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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Most recent: Voluntary National Insurance contributions by pinnks
15 January at 11:27PM
