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Tracking my lost pension
Hi All Looking for some help. I was made redundant in 2020 due to Covid pandemic. I worked as a store manager for Antler luggage and they went into administration the same year and it looks like they came out of administration under a new name. I don't have the paperwork anymore of the workplace pension provider and I've…
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Companies offering Employer Matched Contributions & Employers NI
The company I work for currently offer neither of these, which I would like to try and influence. Being able to quote examples of any FTSE peers that do offer this kind of arrangement would be helpful. If you are aware of any companies offering an employer matched % and/or Employer NI contributions would you post the…
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Lump Sum Contribution and Immediate Draw Down
Hi Experts! I recently turned 55 and whilst I'm not looking to take any tax free cash from my pension just yet, I have a scenario which I'd like some advice on. Over the last few years, rather than overpaying on my mortgage, I've been saving at a more favourable rate and have about £30K in an ISA. My mortgage deal ends…
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25% of Pension into stock&shares ISA
Hi I have a 2 small private pensions which I haven't paid into for years and amount about a £70k pot. (My main pension is a civil service one which will be my retirement income). I'm 55 and thinking about taking 25% out of each private pension and putting £20k into a stocks and shares ISA. Then combining the remaining…
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Civil service- EPA and annual allowance
Hello Can anyone confirm whether my understanding of EPA is correct? I'm in Alpha and at the moment am buying extra DB pension and paying AVCs. This has taken me over my annual allowance but it's ok this year as I have some allowance to carry forward. However, from next tax year I won't have any allowance to carry forward.…
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Old State pension deferral under pre 2016 pension
I deferred my state pension under the old system for more than 10 years. I am still at full employment. Time has come to think about how to take my deferred pension: 1. Lump sump or as additional pension 2. I am clear what I get as an additional pension . 10.4 % increase for each year deferred. And is not cumulative. After…
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Can a gilt ladder inside a SIPP beat an annuity for balanced value?
I'm on the verge of buying a single life annuity RPI & 100% Value Protection, I'm a little bit over age 60 and the initial rate being offered is 4.90% and I love the idea of having hardwired money RPI linked till death. I'm little concerned with inheritance, the VP is just a bit of sensible housekeeping as it didn't water…
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Fund annualised returns
When looking at how and where to invest my funds, can anyone help me understand why the annualised returns numbers are different on different web sites for the same fund? e.g. VHYL Vanguard FTSE AllWld HiDivYld ETF $Dis. The 5 years annualised trailing return is reported as follows: Morningstar - 13.42 % Pickafund - 12.3%…
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LGPS Consultation - Protected Pension Age
This may be of interest to LGPS members - the government has launched a consultation and is proposing to protect members who joined before 4 November 2021 to access their LGPS benefits from age 55. For those who joined after this date, the Normal Minimum Pension Age will increase to 57 from 6 April 2028. More complex for…
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Curious question, but perhaps someone is in the know. Borrowing against a pension
Ok, so Im 49 ( 50 in Jan), no mortgage. 45k salary, wife earns 56k, 67k in savings. 385k in pension. I'm totally uninspired by work. I need a new challenge, but I do love to cook. Ive seen a local cafe for sale. https://www.mikerogerson.co.uk/commercial/property/12622885-29-newgate-street-morpeth Im probably just…
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Cannot stop Vanguard emails.
I moved my SIPP from Vanguard a couple of years ago and closed my ISA but still keep receiving unwanted emails from Vanguard that I cannot reply to as the inbox is not monitored. I have asked many times for them to stop emailing me. I have sent many private messages and they keep saying the accounts are closed but I see…
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SPPA Remedial Service Statements
These have now started to arrive. My wife has just received hers (she's a nurse) and I'm sure mine will be here soon (I'm a teacher). We both retired some time ago so fall into the category where we have a choice between the status quo or choosing the care remedy. As far as we can see there is a small benefit (about £160…
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How to read a Gilt for a pension gilt ladder?
Looking at the Gilt example above on Interactive Investor, please sanity check my understanding. So I'd buy the £100 Gilt for £96.60 if I were to buy it today and I'd get back £100 upon maturity making me £3.40 profit which would be free from CGT (good to hold in a GIA). 3.40/96.60 = 3.52% I'd also get a 37.5p coupon in…
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Financial Advisor or Wealth Management?
We are in a position where my partner has received a lump sum for his inheritance and we need advice as to what to do next. ie, pay off the mortgage, pay off some of the mortage, isas, investments and all of that jazz and we're not really sure if there is someone that looks at your whole position and advises or if we need…
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Inheritance Tax
With DC Pension Pots due to be in your estate and Inheritance tax in 2027, I'm not clear how the allowances work ? As I understand everyone has allowance of 325k plus 175k of house value = 500k Am I Correct in thinking that on first death of a married couple, the surviving spouse does not pay inheritance tax ? Also the…
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State Pension - my wife’s is much higher than mine???
Hi guys, I think I know the answer but just wanted to double check… My wife has just started drawing her state pension at age 66 (not delayed). I reached SPA in 2019 and was contracted out of SERPS in my Barclays DB scheme until I went self-employed in 1995. My NI record shows 49 “full” years. I topped up all my “missing”…
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Where to invest for adult kid for long term.
Very soon I intend(ed) to start private pensions for both my adult kids. However, the elder has worked and lived in Holland for the last 5 years and my research would indicate that starting a UK pension for him is not possible? It is unlikely that he will return to the UK in the mid term at least. Any suggestions as to…
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De-Risk as approach retirement /and once retired
Hi wonder if could help with some opinions, do posters with DC pots (not final salary) tend to de-rsk their pensions as they approach retirement and/or once retired ? My wife pension is about 75% in a 60:40 split and the remaining 25% is 80:20 split (Bonds:equity). We are hoping she can retire end March 2026 and will be 58…
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Moving a Virgin Pension
One of my pensions is an ancient Virgin stakeholder. I will probably want to draw from it in the next few years, and in doing a bit of reading around on the forums here it seems it has been poorly performing for the past 10-15 years and I should have moved it years ago.:( Oh well, nothing I can do about that, but I've also…
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Balancing the best time to take my SAUL DB pension
I have a final salary/career average pension. A large chunk of it (1990-2016) is final salary so I won't lose very much if I retire before 66 (the 67 requirement only comes in in 2027). I have just reduced to working 3 days a week and have asked for a pension projection for April 2026. I am not quite ready to stop…
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Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
