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Moving Pension provider
Morning Trying to keep this simple, I am 58 and aim to retire at 65 all being well, health and life permitting;-) I have £170k in a Quilter Cirillium balanced Passive fund which has been there since July 2021 which has performed at 10.2% over the last year. I don't contribute to this it was a consolidation of various…
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Quick mad question on additional contributions!
All geared up to make an additional pension contribution tomorrow to get it in this tax year. Current earnings £43k PAYE + £21k income from defined benefit pension. Plan is to contribute enough to reduce income to the basic rate tax band and reclaim the higher rate tax paid, i.e. pay in c. £14k to get down to £50k and…
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Protected Tax Free Cash
My works pension is with Legal and General, and I was considering moving some amount of it into long term gilts, which L&G do not offer, so I thought about transferring some of it into my SIPP for that purpose. I did an online chat with L&G last night, and they said my pension had an element of "Protected Tax Free Cash",…
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State Pension
My mum receives full state pension as well as an occupational pension and is about to start receiving spouses pension from my dads occupational scheme after his death in January 2026 aged 81. My mum is 78 will she receive an uplift in her state pension due to my dads death
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State pension NI contributions discrepancy?
Hi, I have a limited company and paid my wife £12570 for the 24/25 year, but according to the NI insurance record, this is counted as a 'Year is not full'. They ask me to Pay a voluntary contribution of £907.40 by 5 April 2031 Where as the year 22/23 the year was counted as full albeit with a salary of £12582 Why is this…
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Small DB Pension transfer?
I'm trying to get on top of the several pensions that have built up over the years. Most are DC pots but I have a DB pension from my first job back in 1992-1996 - I was only an apprentice and left the scheme on 14k salary and it looks like my benefits are based on that final salary. It currently has a transfer value of a…
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Understanding LGPS CETV
I'm divorcing, ex has provided a LGPS CETV much lower than expected. At this point I have no statement or accompanying guidance only the CETV document. After nearly 20 years in LG there is only £60k CARE component and zero final salary component. Could it be that I'm missing a separate PDF file that has earlier…
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Can you take 20% tax free + pay in to grow tax free pot for later?
I'm just confused as my SSAS will CONTINUE to take monthly rental payments in after the planned crystalisation that is to enable me to take the 25% PCLS but then also then take that rental money out monthly as an income. I understand that income part will be PAYE taxable. BUT Is there a better way that will allow me to get…
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Self Employment and NI/State Pensions
My wife and I have been in a business Partnership for many years but whilst for the last 5(plus many more) my NI contributions are showing as 'Full Year' my wifes are not.....I should mention that I started recieving my State Pension in July 2025 and my wife is due hers from May 2026..is ther any reason why there should be…
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Mortgage application
I have cause to take a small mortgage and require evidence of income in the form of payslips from my civil service pension.. the new regime , Capita are not in a position to provide my payslips… why is such a behemoth failing some abysmally…
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Transferring to a SIPP - fund in one go or several chunks?
I've opened a SIPP and will be transferring in a personal pension. It will have to be a cash rather than an in-specie transfer. It's unclear exactly how long I will be out of the market, but a couple of weeks looks like a fair estimate. I thought doing this as say 4x separate chunks would help smooth out any market dips or…
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Is this a Contracting out form or pension
Having just moved house we are now sorting out piles of paperwork accumulated over the years and we came across this form. Hoping that someone more knowledgeable then us, can say whether it is a lost pension or as we think to do with Contracting out. Many thanks,
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Should I Delay Buying Gilt Ladder
I was intending to setup a 5 year index linked Gilt Ladder in the next couple of weeks with the first year maturing in 2035. The money is currently sitting in a Money market fund. With the strong possibility now of rising inflation and interest rates would there be any benefit in delaying the purchase? My feeling is for…
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Providers that preserve protected pension age on transfer in?
Hi all, I'm about 3 years away from retiring and I've discovered that my main DC pension with Aviva (a TK policy) doesn't provide FAD. I'd need to contact them every time I want to make a withdrawal apparently. However, it does provide a protected pension age of 55 which will be really useful. Aviva's fees aren't super…
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DIY Annuity purchase?
I retire this May so I've used pensionwise and I've had a free consultation with a IFA and have decided that an annuity is the way forward for me but do I really need to pay 1 to 1.5 % of my £240,000 pension pot to an advisor? Couldn't I shop around myself or is it the case that an advisor has access to deals that I could…
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Understanding streamlit with ILGs
Put me right here please. Using the Streamlit tool, For ordinary gilts, 100K withdrawal in a ladder for 5 years would cost 445K. I understand the cash flow calcs. That is fine. For ILGs it costs 510K. Cash flow calcs do say that values are in today's money, so am I right to believe that what I would actually receive going…
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Help with knowing how much is 'needed' to retire?
Online calculators to me are quite worrying in that it seems to be unless you have a pot of £1million then you're going to struggle in retirement & while some will be fortunate enough to be in that position, I certainly wont. I doubt many of the people I know either will be fortunate enough for that yet they seem to do…
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McCloud Remedy
I don't know if anyone can help here, but I'm about to make the decision about which option to choose. But I can't get an answer to what to my mind should seem a simple question. Circumstances: 1 Retired and receiving Civil Service Pension since early 2018 2 Options offered on RSS: (a) No change to benefits - everything in…
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Do I want a TFLS?
Still trying to sort one of my work pensions and am currently trying to get an annuity. So obviously if I take the 25%TFLS my annuity would be less. And I'd have this nice lump added to my (ok, our) savings account. Don't take the TFLS and the annuity would be more. All that makes sense. I (well I should say we as I've…
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NHS Pension overpayments
I don't know whether anyone else has had this issue: In May I was surprised to receive a letter from NHS Pensions, telling me that my pension award has been revised (I retired in 2017) because my previous employer notified them of a change to my pension entitlement, meaning that I had been overpaid. They also said that my…
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737 discussions
6.4K comments
Most recent: Gaps in National insurance contributions by molerat
12 March at 10:53PM
