-
Pension or no pension!?
Good evening, I was reading through the MSE site regarding pensions and I'm now somewhat confused. I came across a FAQ saying "If you’re over 55 and have taken income from your pension, you can only contribute up to a maximum of £10,000 a year, or 100% of what you earn, whichever is lower. This is to stop you taking large…
-
Drawdown - finer points.
Morning All I have SIPPs in both HL and Bell and in the near future I am contemplating drawdown. Initially this will be with a view to take the lump sum only, but will morph into drawing an income from the crystallized portion. A couple of Qs if I may Is this fairly simple to set up and manage the drawdown aspect of a SIPP…
-
Aviva 98 Series Personal and Group Personal Pension
Hi everyone, I’m trying to help a close friend understand his options when it comes to drawing some tax free cash from his existing 98 Series PP. I’m not giving advice - just attempting to wade through the plethora of info which Aviva have sent him following a recent phone call. He’s invested in about 6 funds (I think…
-
Is my pension in drawdown?
Looking for some advice please, in process of pension transfer from SL to ii. I have been told there will be delays because my ceding pension is in drawdown. I was not aware of this, but suspect I may have been ignorant on the subject. I have taken a lump sum, only a part of my 25% tax free allowance, about 5 years ago. Is…
-
Claiming a deferred state pension - 7 months on from initial claim
Evening, My father deferred his state pension (pre 2016 rules) but decided to claim the deferred amount this year. He started the process in April but has had little success. He's been on hold at different points for hours with promises of call backs, action etc but here we are in November and he's still waiting. Obviously…
-
Do I need to declare and overall money review
So I am currently in a position where I am/was around £5,000+ in credit card debt, with a £10,000+ loan for a car and have been offered to have the years worth of pension contributions paid back to me after I left. My main goal is to reduce the amount of debt I have in total, to reduce/remove the amount of interest I am…
-
Registered for self-employment - or did I?
I called the Future Pension Centre to ask about filling gaps in my National Insurance record (I am 5 years away from my state pension). They said the amounts to fill up my years seemed too much for someone who is self-employed. So I called HMRC, and they said I am NOT registered for self-employment on their system. I…
-
Civil service- Premium Alpha pension advice for my Dad!
Hi all, Long story short I'm helping my dad manage his pension as he's not clued up on pensions and is close to the retirement age. I've done lots of reading on his pension (Civil service- alpha & premium) but still have a number of questions. Looking for your expert advice as know there's lot of knowledgeable folk here.…
-
Pension Contributions: Lump Sum vs Monthly
Hi everyone, Looking for some guidance on pension contributions. My situation: * Salary: ~£70k * No salary sacrifice scheme at work * Last year I contributed £20k, making monthly contributions from my salary. * I have got in Savings £10k. * Aviva applied 20% relief and I claimed the extra 20% as a higher-rate taxpayer web…
-
'WASPI' women latest: Government to review decision to refuse compensation
Women who argue they were not fairly notified about a rise in the State Pension age may still have a chance of being paid compensation, as the Government has announced a review of its earlier decision to refuse financial redress. But pensions secretary Pat McFadden has stressed that this DOESN'T mean payouts are definitely…
-
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…
-
NHS Early Retirement and MARS
Hi I’m looking for some advice please and have been building up the courage to post this, as my head is currently all over the place at the moment and I’m not sure if I’m asking daft questions. I have spoken to Moneyhelper and tried to find an independent Financial advisor via Unbiased, but only received one email from an…
-
UK Lasting Power of Attorney Whilst Resident in Spain
We moved to Spain last year but retained our UK Santander Current Account for our pensions to be paid into. It is a joint account, but my husband is gradually going deaf and Santander have told me that I nor my daughter who lives here in Spain with us, will not be able to deal with his account in the event that he goes…
-
No change to tax free cash on 26 November
https://www.telegraph.co.uk/money/pensions/news/treasury-rules-out-pensions-lump-sum-raid/?WT.mc_id=e_DM732843&WT.tsrc=email&etype=Edi_Mny_New&utmsource=email&utm_medium=Edi_Mny_New20251112&utm_campaign=DM732843
-
Thoughts - Do I need 2nd Pension provider?
I have recently retired, and I want to transfer out from my Aegon employer pension which has about £101K in it (uncrystalized). This pension has 0.25% charges and also it will not let me use ETFs, and only a limited range of funds (although I do benefit from zero transaction charges). I already have an Interactive Investor…
-
Taking small pension
I have a small pension roughly £22000 looking to take tax free sum next year leaving me roughly £16000 am I better doing a draw down say for the next 6 years or take the balance in one hit thanks
-
Hoping to retire early !!! Only by 2 years .
Hi I have a pension which is the workplace one, I put money in and my work does. I currently earn 12,000 ish a year,and manage fine. I’m due to retire for state pension at 67. I’m currently 62, and have around 24,000 in my pot. Could I take my workplace pension at 65 and withdraw 12,000 the first year and then again the…
-
SWR using Momentum investing
For those who are interested in SWR research, this article on Early Retirement now seems to be generating quite a bit of interest: https://earlyretirementnow.com/2025/11/12/momentum-trend-following-swr-series-part-63/ This guy has been posting updates to his SWR series for a few years, and this is the first time I've seen…
-
Tips on contacting MyCSP
So I sent a message to MyCSP through their website in December, and followed up again three or four weeks ago. I’ve not received a response so am planning on giving them a ring next week. I am thinking about moving into the partnership scheme and want a definite quote on my Alpha / Premium schemes. I was wondering what the…
-
Divorce, Mortgage and Pension advice please
Hi, Im new here!!! I have just got divorced and couln't be happier! However, I have 2 really good pensions and Im hearing that my EX husband could still claim on my pension. Im 60 and disabled and am still working but due to serious health issues I feel I may need to retire earlier. I have cashed in one pension so I can…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
