-
Council taking us back..type should be straight forward?
I was a local authority carer...10 years ago were privatized..to a community integrated company..thankfully we kept tupe..council are bringing us back in house..I'm assuming the tupe process back..should be straightforward...colleagues on company contracts..should get increase in wages. Good for them..but will surely…
-
2 Years into Early Retirement. Review and Goalposts moved ?
At 54 I went decided to retire early ( it was always my plan/wish) and I estimated a DB pension of £20K and supplementing income with a £250K pot. OH contributes about £10K per year to finances. Spending records suggested £30-35K would be comfortable drawing on the savings as and when, fully paid into SPs due at 67. Coming…
-
State Pension and winter fuel allowance question.
Apologies if I am posting in the wrong forum. I am 66 on January 6th 2026 when I will start to receive my state pension. I would like to ask whether anyone would knows if I qualify for the winter fuel payment. My feeling is that I do not, which I feel is a little unfair, I should get the pro-rata amount for the proportion…
-
New SIPP with HL to create 3x Small Pots
I have been doing lots of reading on here (thank you all) and think I understand a possible sensible path in the first couple of years of early retirement. Please tell me where this plan is likely go awry or incur the wrath of HMRC. This or next tax year may be the last where I am a 40% taxed employee as I plan to retire…
-
Is it worth transferring my small pot 25k
Hi, I wish take all of my 25k pension pot, in the next two months i am currently with the prudential is there much to be gained financially by transferring it to another policy bearing in mind I wish to withdraw the whole amount very soon after transferring as I have health issues thank you in advance
-
USS Flex and lump sum money
Hello I'm considering taking a pension flex from USS in order to cut my working hours before I get to full retirement, which probably won't be for another 3+ years. As I understand it, any portion of the Income Builder that I take has to be matched by the same percentage from the lump sum. The quote I had from USS last…
-
Taking 25% from one pension pot to top up another
I have several different pensions, one is a closed fund that is worth approximately 75k. What I was thinking I could do is take my 25% of this and use that £18k to top up my current employers pension and therefore claim 40% tax relief on this. This seems far too simple and I am sure that there must be rules against this as…
-
UFPLS Tax Refund
How long does it normally take in the usual course of things, for HMRC to make a refund of tax paid on a UFPLS payment that was made on March 28th 2025? Is it recommended to complete a P55 claim to speed things up or does it not matter given the tax year in question has just closed?
-
Pension Contribution Question
My workplace already puts 10% into my pension without any contribution from myself. If I were to contribute, is there a way I can work out how much I would be better off? I will try my best to explain, but basically I want to work out how much of a saving I would be making by contributing, given my tax bracket (40%). I'm…
-
SIPPs/Pension Dilemma
I have a SIPPs since 2015 and it got hammered during Covid but bounced back and June 2021 was approx £455k, now June 2025 it is £470k. Due to Covid, Russia/Ukraine war and Trump it has only gained £15k ( after £30k fund fees in 4yrs). With fees now £7.5k annually Can anyone give me some advice on what to do? Inflation has…
-
Is there a pension scheme i can withdraw some of my pot before 55?
Is there any pension schemes where i can withdraw some of my pot before the age of 55?
-
Cashing In An Annuity Pension
I recently discovered a small pension pot taken out by my father on my behalf around 40 years ago. It is with the Pru and following a long conversation have decided to cash it all in, as I need the money (c.£50k) for home improvements. They have asked me to get a Financial Adviser to sign an Appropriate Advice Form, to…
-
Workplace pension
Hello, advice wanted. Is it worth restarting my workplace pension at 56? I haven't had 1 for many years, there is about £3000 in it now. If it is worth it, what would I need to add monthly? Thank you.
-
Paying the most I can into a pension - daft idea?
I am in my 40's and currently pay most of my salary into my pension. My thinking is that it will then have the greatest amount of time to grow. I don't know anybody else who does this though and wondering if I'm missing something and it's not a good idea?
-
Inheritance Tax Threshold
Hi, I am dealing with my fathers estate following his recent death. He lived rent free with his partner, but owned a property that was let to tenants. I am the only beneficiary. Given that his rental property was his only property, would he be entitled to the additional threshold of £500K
-
DWP claim they do not send text messages advising they will call
I have seen a number of posts from people who have received text messages from the 'DWP' advising they will call "tomorrow between 8am and 6pm to talk about paying voluntary National Insurance contributions". I spoke with the DWP today, they said today they do not send text messages so anyone who has received a similar…
-
Maximum tax free lump sum
I’m currently 55. I’m fortunate to be due a lump sum of about £190,000 from my NHS pension age 60. I no longer pay into the NHS pension (I now work in the private sector) but am saving into a DC pension and hope to have around £500,000 in that when I retire at 65-67. I’m aware that the maximum tax free lump sum that can be…
-
Taking pension Drawdown
This discussion was created from comments split from: Taking pension Drawdown.
-
Can I retire - a stupidly simple method
So I know there are a multitude of retirement cash-flow planners out there that attempt to predict whether your assets are enough to support your retirement such that you don’t run out of money. There is a whole industry that has grown up around modelling these in cash-flow plans. BUT, retirement planning would be a simple…
-
Paying NI for my last working year in time for my pension
I am due to retire in June 2030. My State Pension Summary says 'Forecast if you contribute another 6 years before 5 April 2030: <full pension amount>'. To achieve this, I will need to contribute for the 2029/30 tax year. BUT... I am self employed. Usually I get a bill for my Class 2 contributions after I have done my tax…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
708 discussions
6.2K comments
Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
22 September at 4:22PM
