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Should I start to empty my SIPP
I have just over 500k in my sipp. I'm 63 next April. No debts, kids, mortgage, don't go on holidays and don't really spend on anything apart from household bills.No plans for spending in the future. I have a ltd company with no other directors or employees. I stopped taking a wage last year. I already have 35 yrs NI…
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Bridge at 60 alongside Alpha DB Pension: SIPP vs ISA vs Mortgage?
Hi all, I'm looking for a sanity check on my long-term retirement plan before pulling the trigger. My wife and I are both late 30s/early 40s, with a young teenager. We're both full-time public sector workers with Alpha pensions (Defined Benefit) which we've paid into for more than 15 years. We earn around £97k gross per…
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P45 after getting lump sum in drawdown
Hello I recently got a lump sum from a retirement investment account. They sent me a P45 with the payment. I am currently working. do I need to hand this P45 in to my employer?
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Letters after transfer to nhs scheme
It's a long story. Joined nhs late 1980s but didn't join nhs pension. Took out private pension early 1990s. Joined nhs pension scheme mid 1990s. The private pension went under a review and found to be missold so it purchased a certain number of years of nhs pension. That went through nov 1997. On going through paperwork,…
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Finding a pension - endless dead ends
I worked at a prison for a couple of years, and I have payslips that show I was paying into a pension during that time. Part way through the employment the contract was taken over by a new company. I have two employee record numbers for this time. The first employer has now gone, they were taken over by another company. I…
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NEST Flexi access drawdown
I read that nest is rolling out flex access drawdown and that once done you will be able to take 25% of pot tax free - anybody know when this is likely to be available?
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planning for death is expensive!
My basic plan looks fine - stress tested for 2% real returns and monte carlo etc. But if one of us dies (specifically me as the most impactful) - my DB gets cut in half, and we lose one state pension (after 67 - prior to that we have life insurance still in place). Before, almost all funds were covered by guaranteed…
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A guide to the UK Pensions System from the PPI
The Pensions Policy Institute have released their latest guide to the UK Pension System. It is up to date to 1st June 2026. https://www.pensionspolicyinstitute.org.uk/research-library/pensions-primer/ It is aimed they say at anyone wanting to better understand the UK pensions system, including policymakers and Government…
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Pension overwhelmed
I am 56 hoping to retire at 60, very big chance of redundancy then if not year earlier. This would be 95k payout and my plan would be to take the 30k tax free and put balance into pension. I know not a guarantee but if it happens this is plan. I have one final salary which offers 11500 per year with tax free £75k which is…
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Work place pension
Hello all I have just been auto enroled onto my works pension with "Nest" There sight says they invest in businesses which obviously means when I get to retire I may have lost money (I know it can go up or down BUT!) I don't know what to do as nobody in work seems to be able to tell me any detail atall. I am currently 63…
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Annuity and Part Time Work
G’day folks, Is this the only way? I need 4k net a month. My boss has asked me to go part time reducing my pay to 40k a year. This is based on 18.75 hours a week. I have just turned 55 and find the thought quite appealing. He needs a headcount reduction and is asking all the old timers if they can go part time to prevent…
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year before retirement - how did you get your ducks in a row?
not there yet, few years off. But wondering about practicalities. How did you get yourself sorted so hopefully day one of retirement was pretty smooth? eg pension applications/payouts may take some time, so how early do you start getting that lined up? did you try and get different income sources timed to arrive fairly…
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localpensionspartnership.org.uk - Who are they?
I have received an email from the lppa (as they call themselves), but am unsure whether they are an independent organisation regarding my previous local government contracts, or a private company looking to invest such in their interest (I have had brown envelopes with "official" letters about my pension previously from a…
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Clerical Medical - Loss in pension value?
How many lost money resulting from a LifeStyling (reinvestment strategy) with Clerical Medical? This is where the company moved investments from stocks and shares to "safer" bonds and gilts. But the strategy backfired - triggering significant losses.
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Capita Data Breach/Barings
I’ve just had an email from (Removed by Forum Team), Head of Data Breach at Barings Law advising that he is moving to Abbleys Solicitors and taking the Capital Data Breach case with him. Has anyone else received this? Wondering what the implications of this are? Thanks
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Aegon Trustee Proposed Section 32 Buyout Policy - Fund Name WP Endowment (A)
I'm nearly 54 so looking at pension options etc for when I turn 55. I have an old pension mentioned above. My understanding is that this has a protected cash fund and that I may be able to take out more than 25% tax free and wondered if this is correct? There's also mention of GMP - which is think is something to do with…
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Drawing down pension next year. Move from cash to pension now?
I’m normally careful about putting my details online but I don’t think that I have any choice if I’m going to get useful answers. I’m 57 and have £535k in my DC pension. My mortgage is fixed until next June and will be in the region of £50k at that point. I plan to repay it then. I have around £38k cash, some of which is…
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Civil Service - Applying for Voluntary Redundancy
Hello, I am retiring in March 2027 at age 58. Whilst there is no mention of any redundancies at the moment I was wondering what the process was for applying as there's no harm in asking? My team have undergone a recent recruitment exercise which means IMO the team is now completely overstaffed and my work can definitely be…
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Added Years missing and miscalculated - Civil Service Pension Classic scheme
Hi everyone, I've been happily purchasing Added Years on my CS Classic scheme pretty much since I joined in 1998 (Added Years arrangement was put in place in 2000). Given my age at the time, I was able to purchase the maximum available to me: 7 years. I've kept all the confirmation documentation (hard copy letters in those…
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Taking the tax free lump sum or leaving it as a defined benefit? Civil Service Pension Scheme!
I was employed by the civil service for 5 years, raised through different ranks and left at a SEO grade. From day 1 I opted into the Alpha pension this was from January 2017 to January 2022. I left in February 2022. I'm 33. As i left the civil service, and logged into my civil service pensions account online, I can see my…
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Most recent: Delays for P55 tax refund fro… by dobbers
28 August at 10:55AM
