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HRP missing from NI record
My wife retired on
the old state pension at the age of 60 years old. It’s recently been reported
on the Martin Lewis website about Home Responsibilities Protection (HRP) should
have been transferred to your NI record if you had children between 1978 and
2010. We have looked at her Government Gateway and it says “Year is…
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New CS Pension website - are previous ABS no longer available?!
So I set up an account with the new online CS pension portal but it seems that previous ABS (annual benefit statements) are not available. Seems like a bit of an omission. I don't remember being advised to download the old ones before the old website closed. It also seems to have 'lost' my beneficiary nomination. It is…
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Is there any point claiming Marriage Allowance?
In all the discussions about frozen personal allowances the possibility that all state pensioners will be taxed on their state pension by 2027 doesn't take account of the effect of Marriage Allowance. Where the tax paying partner is in the higher tax band, it may still make sense to shift some of the tax liability to the…
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Interactive Investor Notional Split
Cany someone who has an II account with both drawdown and uncrystalised components tell me whether I am supposed to see the notional split on the screen at my investments summary? According to a google search this should show up, but after recently transfering U/C funds into my II Drawdown pot, I am not seeing anything (I…
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National Insurance class 3 contributions
Hello I can’t quite believe that it’s taking a year for the government to set up a direct debit mandate to pay class 3 NI contributions, I sent the form off in April according to their website this should have been actioned 23rd September, which is just a ridiculous time frame for a simple task. I’ve just had a web chat…
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Retired and now alone. Comments welcome please
Hi. I was supposed to be the one who'd keel over first - but life happens while you're making other plans. I find myself at 68 (male) thus:House worth about 650kIsas 400kOther savings/shares etc 750kPensions gross, private (from wife's) + state 30k pa.I have accounts at HL, ii, AJB,T212 (I day-trade, sometimes) which have…
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I Think I Can Retire at 57
Firstly, a thank you to you guys, I’ve been lurking on this forum for over 8 months now and have found it to be one of the best information resources available. Back in November’19 I didn’t really understand what I had in place and what my options were, now after crushing the numbers I think I can retire in 7 years at 57.…
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Self Assessment: Baffled by State Pension figures
I am attempting to complete my Self Assessment for 2024/25.The State Pension figure on the online form is already filled in by the system. The figure given is £13031.I may be being stupid here but I cannot understand where that number comes from.The HMRC website only gives weekly figures for the state pension.…
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The Occupational Pensions (Revaluation) Order 2025
For those interested, this was published last week: https://www.legislation.gov.uk/uksi/2025/1211/made
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Utilising PA for spouse with small pot? Good or bad?!
Just to give some context, my circumstances are as follows- My SIPP with value of £460k - age 63 with full SP entitlement in 2027MY OH with a SIPP of £110k - age 60 with full SP entitlement in 2030 I retired last year and my goals in very simple terms were as follows:- Withdraw £16760 UFPLS from my SIPP to use PAwithdraw…
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University of Worcester pension arrangements
Interested to read this: https://www.worcester.ac.uk/about/job-opportunities/pension-schemes-retirement.aspx
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What changes for salary sacrifice?
Hi, I've read that from 2029 the salary sacrifice arrangement will change and that there will be no more NI relief. Does it mean that for amounts above 2k per year both my employer and I have to consider the contributions to the workplace pension as if part of the gross salary without adding them to the taxable income for…
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Gilt Income in SIPP
Hello, When holding Gilts in a SIPP, does the coupon payments and redemption payments just "appear" as cash in the SIPP account when they are paid, or do you apply for them somehow? Thanks
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State pension/tax codes
My state pension starts this week. I am already in receipt of a DB pension, which has a code of 1243L. Do DWP inform HMRC that the SP has started, so they can adjust the code on the DB? Or do I have to do that? If they do it, will it be done within a month? Then, probably after April, I will start to draw from a DC, so…
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Tax benefits for SIPP - additional tax rate band
I was trying to calculate the ROI for additional tax rate payers (45%) when they invest in SIPP from their net income. If the person invests 80 GBP, the government puts in 20 GBP in his SIPP account. He can then claim back 25 GBP in tax credits. So what is his total return in that year? Only focus on ROI in that tax year…
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Help needed for old and slow pensioner.
I keep reading about the new state pension, which I currently get, and every time I do a simple calculation the numbers don't align. For example my current pension is £230.25pw, so if I divide this figure by 7 then multiply it by 365 I get £12,005.89, but the DWP says it comes to £11,973. Likewise, the pension for…
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Getting slightly cold feet about SIPPs
Hi, I consulted the forum before setting up SIPPs for myself and DH accessible at 55th birthdays now aged 50 and 51. These are both fully invested in VLS lifestrategy 100% equity as at the time, the horizon was quite long. Plan is to use TFLS/PCLS as uni fees/help for children. Increasingly as we approach the time we could…
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Advice about retirement income
I'd be grateful to hear people's thoughts on retiring at 62 with £25,000 teachers pension and £13,000 annuity. (Net monthly of about £2,800). I know I might come across as spoilt as that is no doubt more than many people, and I know it all depends on outgoings. But I'd be grateful to hear from people who've actually…
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Government Pension increases
Percentage increases in the state pension should be replaced by the same financial sum for those on the new or old pension. Percentage increases leads to the financial gap between the pensions becoming greater year by year. Pensioners expenses remain the same which ever scheme they are on, older pensioners get relatively…
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Paying lump sum into pension
sorry I can t get my hand round it, I want to pay 30k lump sum into my pension, im 58 and earn around 60k and pay 15% into my pension 3% the company puts in, its stuck in an isa earning nothing so what tax relief will I get ? I don't understand the 40% bit how do I get it, and is it worth doing ? Thanks
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
742 discussions
6.4K comments
Most recent: Proof of Class 3 Validity - Working Abroad by pinnks
8 April at 10:19AM
