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Hargreaves still on a go slow
Wife has requested a TFLS and had an email this morning stating they are very busy and her application will hopefully be actioned in around 20 working days, which probably means late January. It’s a good job she didn’t leave it till February/March as that would mean her drawdown account would be virtually empty after the…
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How do you set retirement target?
I am 44 and only have about 30k in pensions and 200k in property. Where should I go from here? I have no savings on top of this. Do I need an aim for a total pot? Is the 4 per cent rule still a target eg 250k gives you 10k a year? Thanks for any help
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Buying ILGs on iWeb
I have much of my ISA investments on iWeb. I am planning on moving some of these investments into ILGs. Has anyone any experience of buying ILGs with iWeb. It seems that it can be done online. But wondering if anyone has done this recently? Are there any pitfalls? Thanks
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Supposed free inheritance preservation seminars
Please delete
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Deferred DB pension help
Hi, I'm new here and could do with some help with a small and ancient defined benefit pension from a company my wife worked for between 1983 and 88, which was long ago taken over by a larger company with outsourced pension admin. She received a letter a year or so ago laying out her options for a £2,500 DB pension starting…
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bt pension selling
hi all i recently contacted btps re cashing in for a lump sum they replied Unfortunately, the value of your current pension benefits is more than the £30,000 limit allowed byHMRC for this kind of one-off lump sum. This means you aren’t eligible for a trivial commutationpayment.i am 65 and my pension is approx £650 a month,…
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Merged: Best provider for inherited pension
This discussion has been merged.
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Best provider for inherited pension
Am able to transfer my late husband's pension (approx £110k) Options given to me by the current provider are 1. Take all as cash 2. Buy a guaranteed income 3. Transfer to another provider 4. Take a flexible income As he was under 75, I receive it tax free. I am 44. Provider is L&G atm. No idea what the current fees are.…
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When to claim EEA state pensions via DWP IPC CFN901?
The UK's DWP (Department for Work and Pensions) has an International Pensions Centre, which offers a route for UK residents to claiming state pensions whose benefits were earned in EEA (European Economic Area) countries plus Switzerland. This convenient-sounding process starts with summiting form CFN901, found on the…
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Police pension decreases with time served?
BBC News - Chief constable on £170k to retire for just one day to protect pensionhttps://www.bbc.com/news/articles/c9977mlvl7mo "The move is legitimate under the national Retire and Rehire Scheme and will prevent her pension pot reducing. It matures after 30 years' service but reduces for each consecutive year of…
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Making a McCloud Remedy choice with Capita
Hello I
am a Civil Service pensioner with a McCloud Remedy Immediate Choice
Remediable Service Statement (RSS) from MyCSP that I can’t
do anything about now
that pensions administration has passed to
Capita. I was unable to read
or understand the RSS until recently because of health scares (and I still
have an eyesight…
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Pension Advice
I have had a few agency and temp jobs over the years so have a few small pensions ranging from a couple of hundred to a couple of thousand. I also have a bigger civil service one after 15 years service. Trying to remember all the little ones is a pain, is it worth combining all the little ones just to keep them together.…
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Taxation of drawdown
My wife will take the max 25% tax free lump from pension this tax year. She has no other income and thus her tax allowance isn’t used (she had passed over a bit to me as we are married and I pay tax). Anyway she will for next tax year draw down a further £11,000. Will the pension company tax her and pass on the remainder…
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Frequency of state pension payments
Thought it might be worth sharing this snippet of information. Dwp present payment of the state pension as if every 4 weeks is the default position with no other options. However, after receiving my letter last year to claim my state pension, I phoned the number thereon to see if I could get it weekly in the same way as…
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Best way to compare pension funds for long term growth?
I have an old workplace pension (Pot 1) and a current workplace pension (Pot 2).Pot 1 has a 0.3% annual charge (between the annual management charge and fund charge) whereas Pot 2 is 0.75% annual charge for up to £100k and then 0.4% for any amounts above that. Based on the annual charges, I left Pot 1 where it was since…
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McCloud Renedy appeal
I worked in northern Ireland Civil Service (NICS) from 1980 until 2019 when I was medically retired. I received mccloud remedy decision which I am now appealing on the grounds that some of my medical conditions were not taking account off. I have ben informed by DoFNI that they have contacted the Cabinet Office for…
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Transfer pension after retirement
Hi, I tried a search on this but did not find anything relevant to my situation. I retired early 2 years ago and took my 25% lump sum and DB pension from my then current employer.Since retiring I have been contacted regarding 2 small pensions I had forgotten about.A DB pension with Babcock offering me a transfer out value…
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SIPP in Drawdown
Simple question - I have a SIPP already in drawdown with HL. IF I decide to move my investments from HL elsewhere ie ISA and another SIPP not yet touched, can I also move the drawdown account.? Further complication /question - the drawdown account is invested in various HL funds/trusts - does that mean that it would have…
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Filling gaps in National Insurance to boost state pension
Apologies if this has been covered elsewhere. I am self employed and I have just checked my National Insurance record. From 2006-07 right through to 2023-24 my year `is not full`. Nearly all of those years it's suggested I may pay a voluntary contribution of £824.20. What I don't understand is that in most years I have…
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Tax on state pension
My Wife's only income is the pre 2016 state pension. We are both 75 year old. Rachel Reeves has confirmed that those whose only income is the State Pension will not pay any Income Tax on it during this Parliament. as the full new State Pension is set to rise above the Income Tax-free allowance from April 2027. I have the…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
727 discussions
6.3K comments
Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
