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NHS pension loss after less than two years employment
Hi all, looking for some advice here. Long story short, I've recently learned that for entitlement to an NHS pension, you must be employed for over two years. In my situation, I was employed for one year and contributed the whole time. My understanding as of now is that I had a 12month time frame to transfer my pension…
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Non communication & delay in paying LGPS
I have requested payment of my LGPS DB pension from December but am becoming increasingly concerned that I'm not going to get it. Having read Google reviews for TWPF/Civica, everyone is saying the same thing, that they are months into retirement with no pension paid and no communication from TWPF! They will not respond via…
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State pension - after divorce
I wondered if there is any guidance someone can give with regards to an ex-husbands state pension. Before I start, it may sound as though I'm being greedy - but here is a bit of back history. Basically I was with my ex-husband from the age of 23 - he was 40. He was a very high earner and I was in a good job. We married in…
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25% Tax Free Lump Sum (TFLS) Withdrawals
Is anyone else having delays with receipt of their 25% TFLS Withdrawal Request? I'm told due to responsibility laying with a third party, the SIPP Pension Fund provider is unable to give me any timescales on when I'm likely to receive my Withdrawal. With Budget Day fast approaching I'm extremely nervous that this is down…
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Nest pension tax free amount
Hi. I am so confused. I wanted to take the 25% tax free from my nest and at over £14,000 I made that to be around £3,500 tax free. I entered that amount and it said I would be paying £950 on that in tax. I got flustered and ended up only entering £1,000 to withdraw so now I have no idea what happens now or when I can…
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DB pension
I have a DB pension that is payable from December at age 62. I have the option of an annual pension of £10615.56 or lump sum of £52170.36 & pension of £7825.56. I work part-time & will continue with this so I will not be dependent on my pension at this time. My state pension is payable at age 67. My intention is to take…
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CS Classic Pension - considering partial retirement (anyone able to help with calculations?)
Hi, I am considering partial retirement, but I am struggling to calculate what my pension, lump sum and earnings will be. I have done some sums, but I have no idea how accurate they may be. Is there anyone on the forum that would be able to help? The calculator on MyCSP is known to be inaccurate, and wont let me calculate…
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Pension transfer issue: Barclays & Vanguard
We have a bit of an issue regarding an ongoing pension transfer into a Vanguard SIPP. My wife is attempting to transfer a Barclays Afterwork pension which is defined as a 'Hybrid – Cash balance (Credit Account) and Defined Contribution (Investment Account)'. Vanguard contacted Barclays to confirm the scheme details.…
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Pension pot withdrawal
Hi, My partner (67F) has a private pension pot of a bit over 30K. She has contacted her pension company (AON) asking to withdraw the funds to her bank account but she was told as the amount was over 30K she could not. Surely that can't be correct? What are the rules as I am also considering the same with a smaller pot. We…
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Completely stuck with US pension direct deposit
I'm trying to sort this out for my step mom and I'm completely brain fried. So my step mom lives in the UK but she is a US citizen. She has a US passport and her husbands pension from United Steelworkers used to be paid via direct deposit into her Chase bank account. When she moved here permanently she closed her Chase…
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Pensions funds and MMF
Hello all. I'm currently invested in Legal & General Multi-Index 5 Fund via Scottish Widows platform. The fund has increased recently more than I can ever remember. I'm not experienced in moving money between different funds, however I'm aware that stocks are high and id like to lock in some of the gains I've made. I was…
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Switching Pension Investments
I recently changed jobs, I had my previous job for 18 years and built up a reasonable pension pot. I was lucky enough to be on a 10% matched employer contribution pension. The pot was invested in an L&G fund which hasn't been performing brilliantly but because of the monthly contributions has seen it grow. Fast forward to…
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Taking State Pension and Continuing Employement
Hi My state pension date is approaching. I receive a Teachers' Pension, and I am currently working part-time. I don't want to defer my State Pension, but I want to continue working. Other than tax issues, are there any reasons why I couldn't take my State Pension, but continue working?
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Teachers pension - phased retirement query
Hello All, I'm a member of the Teachers Pension Scheme which I joined at the start of my career. I turn 55 next April and I am taking phased retirement, sometimes called partial retirement, from 1st May (moving from 1.0fte to 0.6). As part of this phased retirement I will be taking 50% of my Final Salary (NPA60) pension…
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Pension advisor prices?
Asked 2 pension adviors how much will it cost me to look at my pensions .I have 3 seperate pensions and i was shocked at the price they they were quoting me .The fact that they arrived both in 60k cars made me feel like i was getting stung .for what i was asking them to do .What would the average price be for this type of…
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Civil service classic final pensionable earnings rules.
Hi all, where can I find the full rules around calculating final pensionable earnings for the classic scheme? I have read on the forum that when you preserve your pension/leave classic scheme they look at your earning when you leave and step back 91 days a total of 12 times to see which is the highest in cash terms but if…
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Moved: State Pension and self assessment for capital gains tax.
This discussion has been moved.
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Royal London asset allocation - life strategy equivalent or add bonds?
currently 100% in RLP worldwide. 5-6 years out from hopeful retirement, looking at either partial transfer out to a SIPP platform, or adjusting within RL portfolio to a more blended strategy. adding some bonds (80/20 or 70/30 maybe) or using a life strategy type single fund to do that for me. I’m tempted to stay inside RL…
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Taking the last of my Tax Free Lump Sum
I am nearing the maximum TFLS I can take from my pensions, given the current allowance of £268,275. This is based on my own calculations from what I've already taken from various pensions (with different providers), but is it my responsibility to monitor this, or is does HMRC keep track of it too? If so, can I check with…
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Deferred LGPS ill health pension
I’ve been approved for ill health retirement by a previous LG employer. They’ve sent my pension figures which are considerably lower than the yearly pension statement I received in August this year. Their letter states that pension increases haven’t been applied to my figures because I’m not 55 (I’m in my 40’s). However,…
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Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
