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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…
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hsbc global balanced fund question
I have all my SIPP in this fund now, do i need to be concerned about its US weighting? Despite being a global fund i believe its significantly weighted to the US. how actively managed are these funds? Should I be thinking about a second fund to add diversification or just keep going wit this one? thanks in advance for any…
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Should I top up?
I have retired early and am in receipt of pensions from NHS and USS. I took advice from a financial advisor last year when I took my pensions and wanted to know what to do with the lump sums. At his suggestion I opened a Scottish widows private pension. Should I add to that again this financial year in order to get the…
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Workplace Pension?
Several years back, a financial advisor (a friend of a friend) helped me set up a private pension. However, he's since retired and I haven't been in touch with him for a long time. At that point, I was advised to opt out of the workplace pension. Even though I've received several pay raises over the years, I haven't…
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Genuine Waspi communication?
My wife, who is one of the waspi women, has been sent a communication from kaliaborcollege.org wanting information about her and suggesting she should register to claim or she will miss out. I presume this is just another scam and any communication would come directly from DWP?
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25% tax free once only on pensions?
Sorry to be stupid but I don't really understand the 25% tax free allowance, I'm sure this has been asked before, but I've failed to find a simple answer to my question. So figured I would pose it here. Let's suppose that on my 55th birthday I have £200,000 saved in a pension pot. I clearly can't retire on that amount so…
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Should I transfer into my teachers pension - more complicated than it seems
I'm 48 and have just retrained as a teacher so I now have a teachers pension. As well as teaching I am likely to retain some freelance income and would like to put some of that into a pension (it is likely to be about half my income so not a small side gig but a second job as I teach part time). I can't top up my teachers…
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My part-time job is just 20 hours a month, can I get employers’ contributions in workplace pension?
I have a small, low-paid part-time job alongside freelance creative work. I’ve requested information about a company pension, I understand I don’t work enough hours or earn enough to be automatically enrolled, but I’m trying to understand if I can still pay into a company pension and get employers’ contributions working 20…
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A J Bell SIPP - Taxable Element of Crystallised Funds - is a volatile value usual?
I am scratching my head at the way that A J Bell operates drawdown. Could someone please advise whether A J Bell's valuing of crystallised funds is usual? In March, and after AJB’s last payroll run of the 24-25 tax year, I crystallised £7,500 of my SIPP. The 25% tax free amount (£1,875) was subsequently paid in a timely…
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wife of husband about to claim state pension
My friend's husband has claimed his pension from July this year. He is married but his wife is 10 years older. She has never claimed pension as she hardly worked and said she hadn't paid enough. I am not sure this is true, but could she not claim on her husbands national insurance and get 60% of his basic pension. I know…
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NHS pension increase - why so low?
My retired partner's NHS pension letter arrived today saying that this year's increase is 1.70%. That seems very low considering inflation and wage growth. Does anyone know how they arrive at that figure?
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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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Retired with pensions and deciding to go back to work
I am 61 and have been retired for 2 years claiming 2 small final salary schemes. (£4.5K approximate). One in the NHS and one is private. I have no other income other than savings and investments, and do not pay any income tax. Currently my tax code is split between the 2 pensions and my wife has the marriage allowance…
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Help me understand why my drawdown had been taxed
I requested a drawdown of £4400 in this tax year ( no previous drawdowns in this tax year) from HL SIPP drawdown account the HL payment notification states that tax code is 500T gross payment £4400 PAYE tax deducted £964.46 Why have I been taxed at all, I thought the tax code meant I could drawdown up to £5000 before being…
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Aviva to Nest?
Hello. I'm a total ignoramus here, so am very much hoping for a steer! I have three private pension pots currently (that I know about). I have a pot at Mercer (around £25K) from an old employment scheme, into which I no longer pay; I have a relatively new Nest pension with my current employer (2 days a week - I also pay in…
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Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
13 August at 7:57PM
