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GIVING MONEY TO KIDS
My total estate is below the inheritance tax threshold. Does that mean I can give my children as much money as I like without paying inheritance tax?
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Pension amounts don’t seem right
Hi, could someone just reassure me about my pension deductions. They don’t seem right even allowing for them being taken after tax etc has been deducted. Total wages 2166.67 Tax 224.60 NI 89.49 Postgraduate loan 25 Employee pension 65.87 Emoloyer pension 49.41 I can’t seem to make those pension amounts add up to 8%. What’s…
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Government's Future Pension Centre hotline
I'm trying to get through to the Government's Future Pension Centre by phone, to check the position of my NI contibutions for 2016/17, which is marked 'pending' on the Gateway website. However, when I select the correct option it cuts me off. Every time I ring, it cuts me off, whichever option I choose. There is no queue,…
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Anti US bias world index funds
I've been thinking recently about world index trackers, and the fact that the US big 7 stocks (Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla) make up the best part of 20% of the index, and the US at >50% of the index. What are people thoughts on Multi Asset 80+ Equity funds / Multi index funds (basically…
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COPE - State Pension
I checked my pension forecast online a few years ago. It showed the projected pension, and also had a link to a personalised COPE deduction. I just checked again today, and there is no longer a link to a personalised COPE deduction. The optimist in me says: YAY! You should expect the full amount!! The realist says: Where…
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Accessing Local Government Pension but continuing to work
I am taking voluntary redundancy from my Local Government employer, but am also old enough to access my pension - so will be receiving redundancy and a lump sum based on pre-2014 service, and then a monthly pension. However, being just over 60 I still feel I have more to give in a working capacity for a year or two, so I…
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NEST Sharia - changes to fund.
Just received this email. Any thoughts on what this might mean? —————— The Nest Sharia Fund is for anyone who wants their pension savings invested in line with Islamic principles. It’s open to all Nest members, regardless of faith. You switched to this fund in xxx xxxx. Until now, the Nest Sharia Fund has only invested in…
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Transitional Tax Free Amount Certificates
I have two DB pensions that I took some years ago. I maximised the ongoing benefit by taking no tax-free cash. Lets say the LTAs were 20% and 40%. I am now considering taking tax-free cash from a SIPP. Even if the SIPP provider assumes that I did take lump sums from the DB Pensions, I can still take 25% of the value of the…
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NHS and State Pension after Retirement. Spouse Dies What Happens to Pension
Hi My wife and I want to know as we are planning on modifying our wills and Tenants in Common. We have both been retired from the NHS for a few years and get our NHS pension each month. My wife also gets her monthly state pension. When we were discussing the changes we are considering. The question came up regarding our…
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NI Top-up. What Now? Advice Please
I followed ML's advice to check my NI contributions and found 3 full and 1 partial year missing. The info said that I could not pay online. I duly tried to phone the DWP (don't laugh) and then filled in the return call form in mid-March. On 16 April I received a text saying the DWP would phone me between 0800 and 1800 on…
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Tax-free lump sum
I am in a LGPS (local govt) pension scheme. I can see what pension I will get etc. However, it does not tell what the total pot is; I need to know this to work out tax-free lump sum.As per regulations you can only draw 25% of the pot as tax-free. So if I dont know the pot I cannot plan my retirement and how much to take as…
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Pension income crept into higher rate tax
I am somewhat annoyed that because of previous increases in pensions both Military and State have pushed me into the higher rate tax bracket. In particular, for the first time since retiring over 15 years ago my total pensions received for the coming 12 months with be LESS than last year! I believe this is as a result of…
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company sold
hi all can anyone advise what is happening company i used to work for is now being sold to an american company i have a db pension i am not claiming yet, will the conditions just carry on as normal
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National Insurance Out Of Country Gaps -Call Back
I'm really sorry if this has been covered somewhere. I had 4 missing years of contributions and so went online to pay. I was doing a degree and then working in different countries in each of those years, which meant that I couldn't pay, I had to opt for a call back. But I didn't take a screen shot of the call back, which I…
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Equitable Life Pension
a relative lost a pension pot in the 90s - any recent developments or avenues to explore to help them get some back ?
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Working part time & taking pension early
I'm 58 & currently in a superanuated pension scheme which I've been in for 34 years. I'm thinking about going down to 3 days work & taking my pension early when I'm 60, but then I'll be paying into a new pension based on the 3 days. Can I continue working 3 days indefinitely until I decide to retire altogether or is there…
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SWR and age starting drawdown?
Dumb question, but does the SWR rate vary by the number of years you expect to be drawing down? So a 3.5% "SWR" may be suitable for someone in their early sixties, but too conservative for someone fifteen years older, and too agressive for someone in their fifties.
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Moving from Royal London to another platform - how to avoid being out of the market for too long
B-in-law wants to move RL SIPP to passive tracker. He is looking at Vanguard Global, HSBC FTSE All World index or SPDR MSCI ACWI IMI ETF. If he moves directly to Vanguard platform I think the transfer is in cash so potentially out of the market for 30 working days according to website. Does anyone have experience of moving…
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Help filling out Form P55
Can anyone who is familiar with the P55 form help with this very simple query. I have recently drawn an UFPLS payment using the classic figures. Total of £16,760, therefore 4,190 tax free (25%) and £12,570 taxable. £3,987.45 has been deducted in tax and since I will have no other income this year I need to fill out a P55…
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Working post retirement
Hello all, I am 64 and have retired with a pension of around £35k and a DC Fund of £450k (only taken the tax free element). I have been offered a part time WFH IT role hours and work to suit and have decided to go for this for the next nine months or so to help with a planned house move. i am under a umbrella arrangement…
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Most recent: Conflicting State Pension Forecasts by molerat
10 August at 4:04PM
