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Deferred pension poor performance
Hi all, I worked for Npower for around 10yrs, in that time I joined their defined benefit pension scheme. It wasn't great as they (Npower), paid 0 in. I left in 2019 & the pension then was £3985 pa lump sum £0 today when I have logged back in there is a retirement illustrator which calculates if I take my pension at 65…
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mccloud back money paid - confusion over taxable elements
Deleted Daisy
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AEGON slowness?
Are AEGON worse than others for getting stuff done? A cash-based transfer to a SIPP is stalled, coupled with some fobbing-off blame-shifting to the receiving party. Frankly, I believe the latter. Basic admin at AEGON is also tortuously slow. I've seldom been impressed, however they appear to be getting worse. A previous…
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Advice on future investments
Hi All, I am in the fortunate position to have come into £300K. I work full time and earn £80K per year. I have a rental income of £1,180 per month (after costs) and my partner earns around £12,500 per year too. We don't have any debts or mortgage. I currently don't have any ISAs. Our monthly costs (which include still…
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Pension recycling calculation for soon to be retiree
Help required with Pensions recycling rules and allowances. 22/23 £11,695 23/24 £ 8,307 24/25 £ 7,430 25/26 £ 8,533 £77,575
Tax Free Lump Sum taken from Defined Benefit Pension 26/27 to
take early retirement in April 26 27/28 So, Pension payments for previous 2 years from the Lump sum year were decreasing. The max…
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Partial Sipp withdrawal.
Hi. In my 50s working very part time as a self employed gardener. This tax year will likely earn approximately 9k. I have a Sipp with about 250k in it. Would I be correct in assuming I could use my unused portion of my tax code up to £12570 to remove some funds from my Sipp free of tax and park it into an s and s ISA?…
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New SIPP with II - Does the £100 offer mean transfer £16,000 or £20,000 net to qualify?
I was planning on opening a new SIPP in January with II anyway and can see that II has an offer that if you transfer £20,000 into your SIPP you qualify for the £100. I know I could contact them to clarify this and I probably will have to for confirmation but wondered if anybody knew whether if I opened a new SIPP with them…
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Is II a no brainer
Hi I am gearing up to drawdown. I have SIPPS with Aviva and HL. Both have been easy use platforms BUT Aviva Annual fee £875 HL £1125 (+ £450 for spouse small pot) II £156pa on any size pot. (figures from Which) So where's the catch?
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What Should I Do?
Hi! I'm at a crossroads, and not sure what to do for the best. I'm 45 I work full time I rent, and don't own any property. I'm paying 5% of my income into a workplace pension, but I've only been doing this since 2017 and the balance is £14k - obviously nowhere near enough to live on continuing at that rate even with…
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Paying PILON into pension (and recycling)
Hi I am shortly expecting to receive a pilon payment of circa £27k. I have been told by my employer that this can’t be salary sacrificed into my workplace DC pension. If I take the net PILON amount and pay it into my SIPP pension this tax year ( plus the automatic uplift from HL), and then take a lump sum from my SIPP next…
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Can I AVC my Xmas bonus
Ooft - very grateful for my Xmas bonus but have been whacked in tax. Can I send most of my bonus to my company Nest pension as an AVC to save tax? We don't have salary sacrifice set up yet - but if it's quick I could set it up for the company - so maybe others that have been whacked have the option also?
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The app Itsme
I have been able to access my Belgian pension online for the last 10 years using an identification key. They have written to inform me that it is being replaced. Quite frankly, it's like being in a maze where the exit is invisible. From their various options I chose the app Itsme. I managed to scan my passport but have…
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Belgian pension online problem
I was notified by the Belgian state last week that my login credentials would no longer apply from February 2026. I have signed into www.mypension.be since 2016 with a password which they now say will no longer be valid. They tell me to get an eID... But in order to get it, I need to travel to Belgium which is not…
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Withdraw money to pay into pension, to rescue tax?
Hi all, after some advice as I’m fighting myself on this one but I think I know the answer. I’m 31, currently have est 32k in S&S isa and 35k in a SIPP. Plus 10-12k float / cash flow at hand. I’m self employed and this year my earning have increased by about 15k to previous years which is great, however it will also have a…
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Use SIPP Tax Free Cash Or ISAs First
I am 64, still employed and have 5 years of living expenses in ISAs. I also have a SIPP from which I have yet to drawdown any money. The ISAs are maturing in January/February and, at that time, I envisage needing the same amount of cash for various purposes. It seems to me that pre-2027 (pensions coming into the estate)…
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Now I've retired, trying to decide if I should pay anything more into my DC pension this tax year.
Good morning all. As I've posted elsewhere in these forums, I retired with effect from 30th September this year at age 56. Based on the following figures, if I decided to pay anything more into my SIPP, what would the maximum amount be? Tax year 2025/2026Gross Salary - £24,968.34 (only worked 6 months of this tax…
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A.I. Check
Has anyone else done the same as me? I suddenly thought.. 'I will put all my financial details into Chat GPT and Gemini. ( Everything Cash, ISA's, Pensions, Premium Bonds etc What my risk level, age, etc My thoughts / plans etc etc etc And then asked it for the most logical way to use my assets in retirement. The results…
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SIPP contributions and whether a self assessment tax return is required
Very grateful for opinions on the following please. I would like to open a new SIPP in January 2026 but am unsure whether a self assessment tax return would be required for the year 6th April 2026 to 5th April 2027. I'm going to use a simple example to illustrate my question: Gross salary (after employee pension…
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Non Regulated Advice
I am happy with my investments and want to maintain control of my own financials. I completely understand, and respect the fact, that this does not make me an ideal customer for an IFA. I enjoy doing my own research and, at 64, have a pretty clear view as to what I should be doing in terms of retirement/estate planning.…
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Pension forecast
I tried getting a pension forecast online. Filled everything in, put passport details then it asked for another form of ID as well, which I don't have. I didn't want to ring so I printed out the form and sent it off on September 12th. Still waiting. Does it normally take so long ?. Thanks
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: Proof of Class 3 Validity - Working Abroad by pinnks
8 April at 10:19AM
