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£2880 - Can I pay in twice at 74- different tax years
My wife has just turned 74 - We have just paid in this tax year - and want to pay the final year after April 2026. I assume its tax years that count but we would be paying in twice at 74
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ReAssure (General Portfolio)
Just after a bit of guidance while I'm waiting for a pension wise appointment!! I started a pension with General Portfolio in the late 1980's, about the time of the big "opt out of SERPS" campaign. The rep promised £5000 a year at retirement for £40/mth, with yearly increases to the contributions so that I'm now paying…
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Old style with profits pension - should i move it?
Hello, i have an old style company with profits pension thats not accessible online. I have the chance to move it into a new scheme (at no cost) with similar risk but supposedly better returns & lower charges but don't know if its a good idea. I'm about 5 years from needing to access it. I have a reasonable amount saved in…
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Pension Transfer. Time Out of Market.
Imagine you are transferring one SIPP to another. Clearly the whole process could take quite a varied amount of time. Especially at the moment! But what about the actual gap where you are not in the market? The old SIPP provider sells your funds and turns them into cash. This is then transferred to the new provider and…
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Unsure if this is good or not
Im 56 years old with a very small DB pension which I paid into for only 18 months. My Main pension which Im not touching till I am of retirement age is separate. I earn approx £15k a year in interest and no other income due to early retirement (self funded no pensions taken) My Small DB pension has given me the following…
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Pension drawdown
I would be very grateful if someone could help. I am about to begin taking money from my Bestinvest SIPP (first ever drawdown). I wanted to take a UFPLS of £16760 in order to make best use of my tax free allowance so that the full amount would be tax free (I will have no other income this tax year). Bestinvest informs me…
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Financial Advisor Planning to Move to New SIPP Platform?
My wife had her annual SIPP review meeting with her financial advisor. The company are considering moving her SIPP from AJ Bell to Soderberg. They claim that Soderberg has outperformed AJ Bell, but he also disclosed that Soderberg have made a small investment in their company. We have not heard of Soderberg, is moving…
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45,000 open pension / pay off mortgage / or money in cash ISA?
I'm self-employed (since 2012), 56 years old and have £31,000 left on my mortgage (approx £671/month until May 2030). I've been paying £200/month into a savings account since I went freelance and realise I'm probably missing out on tax breaks and better interest by doing so. I've accumulated £45,000 (I started off with…
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UK Government Bonds on Fidelity
I'm (hopefully) within 2 years of retirement, so looking to de-risk, and government bonds are an option I'm considering. I have a SIPP with Fidelity, but can't find gilts on their platform (google search hasn't helped) Does anyone know if Fidelity supports gilts? How to find them? Thanks
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Civil Service Pensions scandal: Loans offered as thousands hit by outrageous payment delays
Thousands of newly-retired civil servants forced into financial hardship as a result of outrageous delays receiving their pensions have only now been offered loans to bridge the gap – a move deemed "too little, too late" by some. Many impacted say they've been struggling to pay bills for MONTHS following what's been…
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State Pension -HMRC system update on 13 Feb
Morning all checking my wife state pension forecast and it shows the below - You can get your State Pension on xxx 2034 Your forecast is £230.25 a week, £1,001.18 a month, £12,014.12 a year Your forecast is not a guarantee and is based on the current law is based on your National Insurance record up to 5 April 2025 does…
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Work pension acceptance for under 22 year olds
After reading the related articles on workplace pensions for the under 22s, I am wondering if there is any legal legislation or document I could refer my employer to? We have some apprentices who are under the age of 22, been employed for over a year and earning well above the minimum earnings for acceptance. The company…
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Royal London GPP - Entire pension re-invested into higher risk fund without consutation.
Hi all. Quite a long post, so please bear with me (I also have to spread this over multiple posts as I only seem to be able to add one image per post.! Before giving Royal London a call (which I don't feel hopeful about getting a sensible answer out of), I was wondering if some of the pension experts on here can explain to…
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Stop Pension Companies Delaying Retirement Payments
Every year, people across the UK reach retirement age expecting to receive the pension money they’ve spent decades saving. Too many are instead met with long delays, missed payment dates, and silence from pension providers. Once all required checks and paperwork are completed, there should be no justification for holding…
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Purchase immediate needs annuity for care home fees?
Good afternoon all. I am looking for a quotation for an immediate needs annuity for my father's care home fees. It seems you can only purchase one through a financial adviser. There's only four insurance companies that write these policies. The fees for the adviser arranging an annuity are 4% of the policy premium. It…
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Are our basic thoughts right regarding SIPP of father, who died age 72?
Hi, firstly I want to say that we are going to engage an IFA to assist mum with the entirety of Dad's estate once we are a bit closer to probate being granted, and we have spoken to a couple over the phone, but both IFAs suggested waiting a bit longer to have a sit down discussion so we have a more concrete idea of her…
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Hoping to retire early- My plan
I am 49 this year and hoping that wife and I will retire next year once we are both 50 When we retire we would have the following Savings in mixture of shares/ cash / isa - £250,000 we will use some of this till we get to 55(£40k a year) DC Pension Pots totalling- £550,000 which we would take 25% Lump Sum then drawn down…
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West Yorkshire Pension Fund - AVC
AI Overview, Contributing an extra £5,000 to the West Yorkshire Pension Fund (WYPF) as an active member can be beneficial by increasing your retirement income and potentially offering tax relief. You can use Additional Voluntary Contributions (AVCs) for flexibility or Additional Pension Contributions (APCs) to boost your…
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Early Retirement - use savings alone or add brought forward pension?
I'm planning to retire this year, some 6 years before my state pension pays out. I can bridge the gap with savings alone (a recent inheritance) with or without also bringing forward my company Final Salary (Defined Benefit) pension. Bringing forward the Final Salary scheme was suggested by a company pension advisor, who…
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Employer contribution when on Small salary, already maxed pension contributions
I earn a small salary approximately £13000 and already contributed £10000 (net) into my SIPP, maxed out for the last year of working as I'm thinking of retiring. My employer wants to contribute £4000 (net) into my SIPP and I've completed the forms for this to happen. However although I'm not expecting to receive tax relief…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
751 discussions
6.5K comments
Most recent: Aged 72, didn't claim state pension at retirement age as NI credits Missing by Brie
16 June at 5:32PM
