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Small Pot Question. Complete Pension Idiot.
i realise pensions can be a minefield but i am hoping i am a "simple case". the first i looked at my pension situation was in the last couple of weeks. maxed state pension. i have 2 private pensions but both are tiny and not contributed to in decades. i am 55+ i think i will be back with questions regarding one that seems…
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Pre 97
What is the pre97 amount added to latest pension statement?
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Can anybody explain in layman's terns why I am not getting a full state pension?
I received my state pension in September 2018 I had to retire in Nov 2006 due to ill health, and was told by the benefits person I spoke to that as I had 37 years of NI contributions already I did not need to seek sickness benefits to gain any more NI contributions. My works pension was over the limit to receive any…
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HL Sipp - Taking tax free lump sum.
My husband has a Hargreaves Lansdown SIPP. He's 75 this year, and now wants to take his 25% tax free lump sum. We understand from the information on the website that all the funds in the Sipp will be moved to the 'Drawdown Account' within the SIPP. I've been told that, before we put in our drawdown application, we'll need…
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Pension forecast worries
I read with a little concern that the HMRC on-line tool for forecasting state pension may not be correct for those who contracted out of SERPS in the past. I am pretty certain I did contract out around 1998, but I have no real idea for how long or exactly when this started or indeed stopped. I have no payslips from then…
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Compulsory pension scheme transfer being stalled
I’m trying to transfer my workplace pension into a private scheme, but the process has stalled for several months despite all paperwork being completed. The latest request is the pension's HMRC certificate. The old scheme is stalling. It’s meant to be a compulsory transfer linked to leaving employment because I was there…
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small pot claim
hi all i need some small pot advice please i can have a pcls sum of £5,923.05 with a annumand of £888.46 total pot is £8,770 i closed another small pot i had worth £4.900.74 less tax october 2025 one and final payment . what does "annumand" mean and do i declare the £4900 as LSA OR LSDBA any help really appreciated thank…
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Sipp
A financial company that I use for managing my Sipp are proposing a change from the AJ Bell platform to the Soderberg and Partners platform but was also informed that Soderberg and Partners had bought a 20% stake in their company. They have said that this proposal has been checked with the Financial authorities and there…
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HMRC pension forecast tool wrong
I'm seeing various reports today about a bug in the HMRC pension forecast tool on the web. One example from the Telegraph… https://www.telegraph.co.uk/money/pensions/state-pensions/state-pension-forecasts-can-be-wrong-hmrc-admits/ Apologies if that is behind a pay wall. I don't subscribe so don't believe so. Other sites…
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Inheritance tax + gifts
I have an uncle who wants to gift my mum £10k. He probably has over 325k in assets, making him liable to pay IHT. Reading the example from here https://www.gov.uk/inheritance-tax/gifts ------------------- Sally died on 1 July 2022. She was not married or in a civil partnership when she died. She gave 3 gifts in the 9 years…
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Inherited pension options & MPAA
I am 50, Self Employed , No current pension arrangements (state pension contributions all all up to date) although I do have funds in a LISA that are currently intended for a house deposit. I am currently a 40% tax payer. I am also planning/hoping to buy a house in the near future. My mother has passed away and I am a…
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Nest opt out with an employer
Hello, I am 65 so just under 2 yrs to go until I get a state pension I have started part-time work and it's for a not for profit. I don't understand the UK rules (and I 've just read a little about Nest and 8% contribution) - I have been living in Europe. So the bosses said they are opting me out of the scheme and putting…
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How is ill health efficiency worked out in CSPS (Nuvos/Alpha) ?
I have a link to the various CSPS guidance Notes but I am struggling to see how to work out my reckonable service from the guidance notes. Edit - removed identifying detail
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Process for taking partial TFLS in ii
I'm wanting to take about 10% out tax free , my understanding is I can do this by part crystallising a larger amount and the remaining crystallised amount moves to a drawdown area but can stay invested. My question is how is this actioned regarding selling units , do I need to sell an amount to cover the TFLS required AND…
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took advice on here and spoke to a Financial Advisor
posted a couple of times before and now had an initial meeting with an FA to discuss my pension - summary below and would appreciate comments, thoughts etc. I had a teams call with a company in Glasgow to offer some pension advice initially Very nice guys who for this first call, concentrated on my current pension compared…
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Transferring an inherited pension to an Interactive Investor SIPP
Hello! I’m currently contemplating transferring an inherited pension I
currently hold in a SIPP with AJ Bell to Interactive Investor (II), as the total
value (approx. £260K) is such that the fees would work out lower with II. The slightly unusual situation is that I am under 55, and yet
the pension is accessible to me…
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Struggling with additional pension contribution options
Hi all, I'm looking at additional pension contribution options for my partner, and I'm struggling with it. Some thoughts would be really helpful, particularly from those that have been here. I posted last year about standard or higher lump sum options when my partner, an NHS nurse now age 62, was thinking about partial…
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Querying USS retirement quotations?
Do any of the USSers on the forum have experience of how best to query information from USS and actually have them engage with the query. Back in Feb 2025, when my institution opened a VSS, I asked for a retirement quotation for end of July 2025, which I did not take up. Now in January 2026, I asked for a quotation for…
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International SIPP without a financial advisor?
I left the UK over 4 years ago now and live in Singapore. I've got £90k with the Pru, but no way to easily trade this, as any fund changes need to go via my FA. This is not ideal for me and I'd like to move the money over to an International SIPP. This is easy enough to do, but it seems like I have to pay for the privilege…
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preparing for a Fixed Term Annuity
Hi all , You've all helped me over the passed few years more than you can imagine , so thanks for that in advance! I'm now preparing myself for the final run in, to buy a fixed term annuity at the end of the year. I have 3 pots with SW , some crystalised , some not crystalised both in same retirement account and a works…
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