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Pension: 4.5 year age difference and 50/50 split
I'm getting divorced. I'm 49, and she is 44. There is a 4.5-year age difference. The mediator is pushing for a 50/50 split. Would the 4.5-year age difference impact the share calculation if we visited a specialist? i.e. the pot will continue to accrue over 4.5 years and she'll get more as a result at point of retirement,…
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Actually getting my pension!
I want to start receiving my pension, as I'm well past NRA. I know what my pension should be, but I need a 'retirement pack', which I requested at the beginning of March. It's now almost May, and it still hasn't arrived. It's a DB plan, and the employer is AON. Are there any service standards the scheme needs to work to,…
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High rate tax payer pension relief
Hi - really confused on the different ways to claim back tax relief on pension contributions. I am a higher rate tax payer and have never claimed any tax relief. My understanding is that I can claim the additional 20% tax relief from HMRC but seems to be different ways depending on what tax year? I understand I can claim…
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Small pension pots to be automatically combined in future under Government plans
If you have a number of small pension pots you've built up over years of changing jobs, they may be automatically combined in future under new Government plans... Read the full story: Small pension pots to be automatically combined in future under Government plans If you haven’t already, join the forum to reply.
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Claiming back tax from pension lump sum contribution
I've a question about claiming tax relief on a income that I want to put into my pension. He's the scenario - I've had a bonus payment from work. I knew it was coming, so I instructed payroll that I wanted to pay it directly into my pension as salary sacrifice, rather than take it after PAYE so that it wouldn't get taxed.…
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Problem with registering manage my state pension
I got a recent invitation to register with them. You need two proofs of ID. So I used my ID driving license and the credit check option. On the credit check it asked how long since you set up a bank account and a few other details which I gave them. It also showed a list of addresses and you have to select any that are…
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Surrender value takes 15 to 20 days
Hi Requested a surrender value and this takes 15 to 20 days - is this normal? The pension is a final salary guaranteed type jobby. Is it possible to move it from the current provider to another without losing its terms and conditions etc so it would be just the same, but with someone who provides quicker info if required?…
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Pension Recycling
I am paying into civil service pension scheme (previously
Classic, now Alpha) total service about 29 years – 18.5 in Classic and rest up
to current in Alpha (mcloud Option B!) In Feb 2023 I got promoted and went into 40% tax territory
and to mitigate this started an AVC (initially 10% of salary) – increased this
to 15% and…
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Appointed SASS Administrators renege on the agreement
Help, We set up our sass and went with an admin company we have found unfortunately to be unsatisfactory in the services provided. We joined the scheme in July 2022 and paid annual fees and were advised we would have annual board meetings with them to discuss the Sass. In the next year, they demanded their annual fees in…
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Tracing lost pensions - advice please on hard-to-find pensions!
Using the Pension Tracing Service, Gretel and Aviva's Find & Combine service, i've successfully tracked down the majority of my pension pots, but there are potentially two outstanding sums from the 1990s that are proving incredibly hard to track down. Does anyone have any advice on getting really forensic with pension…
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State pension forecast
I'm just trying to see my SP forecast and the web page is displaying a 'Sorry, we are unable to calculate your forecast at the moment' message. Obviously this is not what I want to see and it isn't urgent so quite acceptable, but the message also says 'Your State Pension forecast will be available on 29 May 2024.' Does…
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DC Pension: married with no kids.
A lot of comments I see on DC pensions seem to have kids and inheritance in mind. I have work colleagues who wish to leave as much of the pot intact to pass on. Without kids is there a different way of looking at it or is the 3-4% SWR still the way to go? Thanks in advance.
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Moving SIPP from Aegon to II but rate already good I think
I've not been impressed with Aegon's online platform or customer service particularly, and I've read a few bad reviews about problems when retirement time comes, so I've been thinking of moving it all to Interactive Investor. Pot is currently about 250k, split across various funds. I do have quite a good platform rate…
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SIPP Tax Relief Question
Please could somebody answer what might be a stupid question about my wifes SIPP? She's a PAYE employee earning less than £25k so a basic rate taxpayer.For the last 3yrs she has been paying £500/mth into a Quilter SIPP managed by a FA.Her pension account shows the current value only based on what she has paid in less…
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Aegon SIPP -- Can't see any defence related funds
I have a SIPP with Aegon, and I'm looking to move some money into a defence related fund (Invesco Defence Innovation UCITS ET, VanEck Defense UCITS ETF A, etc). There seems to be plenty of them in the wild, but the Aegon fund research tool doesn't list any at all. Speaking to their customer support to find out why is an…
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State Pension Deduction
I was contracted out when a member of a DB scheme in the late 1980s/early 90s which I understand will reduce my DB pension. On current forecasts from the scheme admin that'll be by about 7-8%. Two questions: 1) If I defer taking the SP will that also defer the SPD? 2) According to my SP record I can't improve my SP…
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Take DB pension early or not as part of 'bridging the gap'? (inheritance vs longevity risk)
SO my plan was to take my DB unreduced (and obviously SP) at SPA using some of my DC to bridge the gap from 55 to 67 via an Index linked gilts ladder with the rest of the DC being taken over the whole retirement on a 'SWR' basis. The thinking being that maximising guaranteed index linked income is the best longevity risk.…
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State Pension
Hi, Later this year I am returning to the UK permanently from down under, my state pension has been frozen since I've been here. My question is, will my pension be increased to the normal rate instantly upon my return to the UK, or is there a waiting period? I rang the International Pension Centre and the person I spoke to…
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LGPS pension statement "your pension is worth this much" vs "your pension at retirement"
I know this is probably a silly question, but could I check my understanding of my LGPS pension statement please? I may be leaving the employer soon and want to gather figures as part of some financial planning. My pensions portal has produced a personalised video with these statements. (I have rounded the figures and…
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Out of the blue refund from St James's Place for historic service
Hello, Last week I received a cheque from St James's Place with a refund, to cover a period 2018 to 2023 for advice that was provided over that period. In the letter received from them they say "Our offer is made in full and final settlement of any claim concerning the issue of ongoing service or advice over the above…
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: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
13 August at 7:57PM
