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Pension 25%
I have reached the age of 55 and found myself out of work as i could not work in my last job for much longer. I currently have around a large sum in my pension which i can now draw.I was looking at taking the 25% tax free and leaving the remaining 75% invested iF in the future i wanted to take further amounts of the 75%,…
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PCSPS members annual increase letter question
Ever since I retired eight years ago I’ve received (in early March) a letter from civil service pensions informing me of the details and amount after tax of the new pension payment for the forthcoming tax year in April. For some reason, this year I have received no letter or information!! Have any other PCSPS members…
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Pension drawdown taxed at source - how long does HMRC take to refund overpaid tax? (self employed)
I'm 58, self-employed (sole trader) and as I'm winding down to retirement my earnings will be very low this tax year (2025-26) ie under £2k. So I decided to cash in one of my personal pension pots to make the most of my personal allowance (I detailed all this in recent posts asking other questions). The pension pot in…
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Can I retire?
Hi, I have just turned 55 and had some health issues over the past 5 years, had 2 pacemaker procedures, heart failure and on meds, although I feel ok I still struggle most days with fatigue and just don't have the enthusiasm or energy like I used to. I have my own home worth ~ 260k which is middle of the road valuation in…
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HL small pot application
I have my SIPP with HL and accessed small pot last year (tax year) and looking to do small pot this month. I did it by post last year as it was the first time (their rules). Am I correct I can do this online this year. Had a look in my account / HL site but could not find specific application page, only general contact…
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Aviva pension policy disappeared from MyAviva
Hi, Posting here out of desperation as Aviva are unable to correct an admitted 'error'. I have a pension with Aviva which was originally with Friends Provident that Aviva took over 10 years ago. It has a different policy number than the standard AVxxxxxxx format. There must be many many thousands of people with similar…
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Semi Retired Pension Pots Query
Ok, i'll keep this as short as possible. I've just turned 60 and am semi-retired from the emergency services and drawing my LGPS. Since retiring I've worked part time for the John Lewis Partnership ( 4 years pension contributions ) and a local school ( 2 years pension contributions - again in the lgps ). My question is,…
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Can an IFA withdraw their service to me
I am retired and have my workplace pension invested with a well established national pension fund. My IFA is retiring soon and has merged his business with a larger firm to provide continuity to his clients. It now turns out this firm has its own pension wrapper product, which it is keen for its new clients to transfer to.…
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Gmpf going back to council..pension query
Hi 2015 Salford care became Aspire care a Community Integrated Company....today we have gone back to council..I have been on sick for last 4 months..but this year I qualify for rule of 85…so I decided to check my online statement…to be greeted with your company says your leaving page…initially thought have I been sacked?…
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Discretionary pensions
I have a 1999 bonus statement from Norwich Union, it is a discretionary Pension Scheme and I have only just found the document and realised I have this. I have been in contact with a lot of people / companies (the one who set this up is no longer trading) I cannot find this pension, is a company able to just cancel a…
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Any LGPS experts?
Last year I assisted a friend who had inherited a LGPS pension after the death of her father. She received an “eligible child’s pension” even though an adult due to disability. She received a lower amount as her father was married and his spouse received a widows pension. Now the fathers wife has passed away and her…
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Inter-SIPP partial transfers
I have a Halifax (Embark) SIPP which applies immediate tax relief to cash deposits. I also have another SIPP that will take weeks to apply the tax relief for my final in-payments. Neither SiPP is in drawdown. Could I use a partial cash transfer from Halifax to the other pension to bypass the HMRC refund 'delays'? The…
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SIPP death benefits after April 2027
Can I just check whether my understanding is correct, please. Assumptions: I die before my wife. I die after age 75 The IHT nil rate band will be used up by other assets. When I die, the SIPP will be passed over to my wife, who can continue to draw an income (on which she will pay income tax), but IHT will not be an issue…
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Cash SIPP - HL still best option?
Apologies if this has been discussed elsewhere recently, but a search didn't turn anything up. I wish to open a SIPP before the end of the financial year to deposit £2,880 pa in until I'm 55. I don't plan to trade, and will just hold as cash for a few years. Is HL still considered to be the preferred platform for this? Or…
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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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SIPP tax deadline day 25-26
I am thinking of starting a SIPP this tax year 25-26 to take the advantage of the tax break of investing a lump sum as I am no longer working paying 20% tax on my two company pensions, on ii website it states has to be done by Sunday 5th April but also seen online that for tax purposes it’s has to be done today Thursday…
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Has anyone had any experiences with ReAssure?
How do!. First time posting in the forum (I think) so apologies if I put this post in the wrong section. My question is this, has anyone had anything do with ReAssure? I ask because quite frankly they've been the worst company I have had to deal with and it's got to the point where I'm at my wits end. It started back in…
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Aviva Pension
I am 66 and decided to take out my Aviva stake holder pension,with my tax-free lump sum and buy an enhanced annuity with to rest, all through Aviva, who my pension contributions were paid to. They told me my fund value would be locked in when they received my forms back, which they confirmed were correctly received on…
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Starting a SIPP & carry forward rules?
My 19yr old son earns £12k/year but isn't yet in a pension. If he opens a SIPP now with say just £100, will the carry forward rules enable him to top it up by £11,900 after 6th April, as well as add another £12k for the 2026-2027 year?
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HL to ii Final Transfer Summary
My wife has transferred her SIPP from HL to ii. The funds and cash have all landed in her ii account and she received a P45 from HL on 19 March. However ii say that she can't yet make withdrawals because they are awaiting a Final Transfer Summary from HL. She has asked HL to expedite this and received a holding response.…
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Most recent: Proof of Class 3 Validity - Working Abroad by pinnks
8 April at 10:19AM
