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Timing the Market
I know this is not something generally recommended, however, given the talk of market crashes and market corrections would it not make sense to lower the investment risk for the short term? I am due to fully retire in 6 months. I currently have a diverse pension portfolio, 57% of which is in stocks. I do have a 2 year cash…
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Widows state pension
I note with interest the Chancellors promise to Martin Lewis that pensioners whose only pension is the state pension will not have to pay tax on this pension for the duration of this parliament. I have a friend who was recently widowed and is in receipt of only a state pension. However this pension is already just above…
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Gifting from excess income as a couple
My wife and I have a joint accounts and a joint credit card. As well as that we have our own ISA’s which produce some income and we also make small lump sum withdrawals from a SIPP (approx £10k per year but generally for one off spends over the last couple of years - e,g. Daughters wedding, special cruise) By far the…
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LGPS AVC STRATEGY
Hi, Do you have to take your full AVC lump sum when you retire or can you leave it invested and live off other savings/LGPS pension for a year or 2? With a 100k AVC, can I take a 40k tax free lump sum and max out 2 ISA's? If so, what happens to the 60k balance can i take that tax free whenever i want? or does it have to be…
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All world tracker
I am restarting my investment at a later stage in life and it had taken me a long time to take the leap to move from over 25 managed funds into one all world Index tracker. The rest of my money are in savings and outside the ISA as no allowance left . As the fund value has dropped so the ration is 55/45. I have a separate…
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HL SIPP - Inundated by Drawdowns?
Does anyone else have this same problem? I have just started to draw my pension from HL. I am going to have to rely on this mostly until I hit the state pension age. First withdrawal was a difficult process for me to follow, but things are when you do them for the first time. But it did at least go through quickly once I…
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Tax on State Pension
At the moment, there is no P60 or statement of tax paid on Gov.org or anywhere else. As the government are going to tax us and more people have to complete tax returns, will they now have to issue P60s?
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crystalisation and drawdown
hi sry if these are really dumb questions.... I am some way off needing to do it yet but just starting to think about draw down of my DC pot To keep things simple lets just say the pot is worth £1mil I understand that (for now at least) you can access 25% of this tax free (TFLS) so if the whole pension is 'crystalised' one…
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Tax on Pension
Hello! Part of my wife’s allowance was allocated to me and her allowance is now £11,313. (Full new pension)This means, after the pension rise for 2026, she will owe £247 in tax.As you haven’t mentioned how it will affect people who transferred part of their allowance and given that this is a significant amount, will she…
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Merged: State Pension now Quadruple Locked
This discussion has been merged.
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last employment did not deduct pension from final pay slip and wants me to pay it back to them
Not sure if this is work or pensions but does this soud about right: I left a job in July, final pay was August. In mid Sept they said they hadn't deducted my pension contribution from my final pay and wants me to pay them this direct. I am assuming this is correct? If so, do I need to ask for a new final payslip and P45…
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Welcome Financial Services/Cattles
Hi I worked for Welcome Financial Services (Cattles) from 2007 to 2010 and am trying to find details of any workplace pension I had. I've tried all the usual tracing services but no luck so wondered if anyone might have any info? thanks!
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State Pension Forecast
Approaching state retirement age (Feb 26). I have checked my forecast on the government website a few times over the last five years, last time was a couple of months ago. Always shows I will get the full state pension and over on the qualifying NI years. At the end of last month, I received a letter from DWP about getting…
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Claiming tax back on drawdown pension
I have in drawdown for a few years and was always able to reclaim overpaid tax by the November following the end of the tax year. I have submitted my claim for 24/25 and have been advised that this will be paid by April 2026 almost 2 years on from my initial underpayment. Is there any way where I can shorten this timescale…
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Too late to start gilt ladder? Opinions please.
Hello, I have recently played around with lategenxer and realised I could probably retire on a higher income from a gilt ladder than my current salary!. Any how, whats the consensus in setting up a ladder to provide 1 annual maturity over the next 7 years (SP kicks in 2033), with the first one maturing in April 2026. I…
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Can someone please explain what the 2K threshold and NI contributions change means
Salary sacrifice as much as you can (caveats aside) was pretty much a no brainer previously... with this change coming in i think 2029 does it change much of anything? Ive always been confused by NI, especially the way it uses weekly/monthly thresholds and also goes the opposite way to tax in that you pay a lesser rate…
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Pension consolidation
Has anyone used or can recommend and site to search and consolidate pensions, as an agency Driver I've worked for many agencies following work and have been inducted into many pensions.. Pensions Bee was recommended but have no knowledge, as scams are rife nowadays, thankyou
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Teacher Pension annual allowance charge
Anyone got a letter from the Teacher Pension scheme to say that they may have an annual allowance charge because of the ruling on the transitional protection? If the charge is due to this ruling, then surely the member should not be liable for the charge as it wasn't their fault and was out of their control?
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Do I need to be concerned about the pension contributions change?
I'm very uneducated about how all this works and I don't even know if I'm doing salary sacrificed contributions or not. So I get paid 13 times per year and I contribute about £335 each time into my company pension. My employer contributes about £165. Can I ignore this salary sacrifice change or do I need to be aware of it…
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Self employed sole trader looking to build at least a 20k Pension Fund
This discussion was created from comments split from: Are you ever too old to start a pension?.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
735 discussions
6.4K comments
Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
