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More out of curiosity!!
I was in a Contracted Out Occupational Pension Scheme so recently paid the maximum top ups to my contributions. Find that I'm still about £0.66 short of the maximum. Just a bit odd.
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Pension Sharing Order - Help needed please
Hi, I hope you may be able to give me your thoughts on this situation as, to be honest, I am really unsure if this is correct or not. My ex and I got divorced March 2024 and a PSO was granted by the court for him to share part of his pension with me. The CEV figure on the court paperwork was £646,186 and it states “The…
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Withholding Pension Contributions – 9 Months of Deductions, Incomplete Payments
I’ve been employed with my current employer for 9 months. Since my start date, pension contributions have been deducted from my salary, with employer-matched contributions also due under the Aegon SMART pension scheme. A few months ago, after repeated follow-up, I gained access to my Aegon account. Neither my employer or…
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Future planning
Do I have enough money to see my out? or do I need to get back to work just in case my health needs some support 1- 2 /week to start with and then care home? Plan B? get back to work? I have already started to spend instead of save and spend : Do I need to think about draw down plan as I do not have large size work pension…
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Early retirement plan - does it work?
Age 51, wife 46 Expenses target - 50k net pa, reducing to 40k @ 70, 30k @ 80 House paid for but too big (value 1m) Two full state pensions likely Potential fund and current values: * Cash available now - 400k (ISA / Premium Bonds) - split with spouse * SIPP - 550k (from 57) - my name only, global equity 100% * Downsize @…
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Bond ladder and money market funds
Hi I've been using lategenxer.streamlit.app to simulate a bond ladder to get me from 61 to state pension age and a DB pension. The bond ladder tool uses prices in £ however, when I do a trade preview on interactive investor they seem to quote the prices as the same number but in pence. So whereas the bond ladder tool may…
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McCloud Remedy - Immediate Choice Not What I Expected!
I retired early, from the Civil Service in early 2023. I am in the scope of McCloud because I was in the 'taper' group. This meant I stayed a bit longer in the Classic Scheme before being forced into the Alpha scheme. I've received my Immediate Choice letter only to find that both options (and I must choose one of them)…
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How to find historic state pension start date
My partner became eligible for a state pension in 2014, but decided to defer. As far as our memory goes she deferred around three years. Now a government form (DT-Individual) needs us to specify the exact start date of her state pension, and we can't find it. HMRC will show us no records older than 2020, and we recently…
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Pension Bee - Death Benefit
Good morning and Happy New Year! Look for some advice. We lost my father-in-law suddenly in October. My Mrs is currently in the process of dealing with the estate (we have letter of administration). We found funds in a PensionBee account and have contacted them in order to claim the death benefit. Has anyone had any…
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HSBC DB Pension - why has my transfer out quote dropped?
This discussion was created from comments split from: HSBC DB Pension Transfer Value has gone down.
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Late husband's pension
My late husband had a pension (approx £100k), which is now mine. They say it falls outside the estate, whatever that means.. I have a choice as to how you receive the funds, your options are as follows: 1. Take it all as cash. 2. Buy a guaranteed income. 3. Transfer it to another provider. 4. Take a flexible income. No…
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Stupid question re DC pension into drawdown and 25pc tax free
I am currently below state pension and living on savings. I am over 55 My question js can i put my pension into drawdown and withdraw 12749 per annum from my pension and leave the 25pc tax free to be drawn at eg state pension age Follow up question: is the 25 pc tax free amount frozen at the time of first drawdown against…
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Advice/ guidance regarding a TPA Pension regulations grey area
Reading previous threads, I am aware that some contributors have considerable experience working in pensions, and I hope they can advise; a retired teacher friend who had been financially interdependent and co-habiting with her partner for many years, became ill last year; having been married many years earlier, she went…
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Need advice re combining old LGPS and new LGPS
Hello, I'd appreciate any advice (or re-direction for advice) specifically about the benefits / disadvantages of combining LGPS pensions. At present, I have three, two deferred and one current: 1) 2006-2013 2) 2013-2014 3) 2024 - present I've had a letter from my current one saying they will auto combine them if I do not…
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NHS Pension overpayments
I don't know whether anyone else has had this issue: In May I was surprised to receive a letter from NHS Pensions, telling me that my pension award has been revised (I retired in 2017) because my previous employer notified them of a change to my pension entitlement, meaning that I had been overpaid. They also said that my…
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ii - how to list all funds and ETFs they offer?
Most SIPP platforms let non-account holders list all funds available on the platform, for example this for AJ Bell https://www.ajbell.co.uk/market-research/screener/funds I can't see anything similar for ii though - only list of the top 10, etc. Am I missing something?
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How much admin to move all tax free lump sum to GIA & drip feed ISAs in most tax efficient way?
My DC pension is a little over the old Lifetime Allowance, meaning my lump sum is above the newer Lump Sum Allowance. From 55 I have been taking £20/40K out each year to put into mine/partner's S&S ISA's to allow it to continue to grow tax free. I'm left with around £150K of my TFLS still in my pension (as I also spent…
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Standard life changing fees without notice
I've been a long time lurker of these forums, but this is the first time I've needed to post a thread! I have a standard life pension through an old employer which was originally set at a charge of 0.4%, discounted from the standard fee of 1%. When I left that employer, I was advised by standard life I'd keep the discount,…
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Bridging gap between retirement and State/DB Pension - SIPP holdings
It would be great to get to get some ideas please! As a background: 52, married no kids, no debts, mortgage free. I have been a fairly low earner all my life so I don’t need to fund a lavish lifestyle. Always been a basic rate tax payer currently earning around 28k. Have full state pension. Lucky to be in an LGPS (LPFA) DB…
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Company cut payments into my company pension, help.
Hi I contribute to a company pension through a salary sacrifice. I have recently discovered that about two years ago, the company started paying a much lower amount into my pension. Yes, I know I should have spotted this at the time but I didn't. Nor did anyone else in the company, and I have discovered that this affects…
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6.3K comments
Most recent: Delays for P55 tax refund from HMRC by leosayer
21 November at 11:44AM
