-
NHS voluntary redundancy
I’ve been employed in the NHS since 1997. In 2018 I “retired and returned”, took a lump sum pension payment and returned straight back into the same job on the same benefits. At the time I had to have two weeks off and the following two weeks I could only work 16 hours each of those two weeks. After that I was back to full…
-
Small Pot decline - when this year
So was looking at access to a lovely jubbly £10K small pot, which overall fund that it would be sliced from (HL SIPP) now down circa 9.5% so roughly a grand less if access made now following market slump from global tariff reactions. How long is a bit of string - who knows. I am reasonably hopeful of a fairly early; say…
-
Civil Service Pension Query
Hi, Just received a quote from MyCSP for partial retirement. The final salary element of my pension has been based on a pensionable earnings figure that is about 9% less than my current salary. I realise there are different ways this figure is calculated and it won't be exactly the same as my current salary but at a…
-
Legacy workplace DC pension with protected tax free cash
I have an old workplace pension which has protected tax-free cash. This protected cash is the only reason I do not transfer it to my SIPP as the workplace scheme is not very flexible. I have been in contact with the administrator with a few questions, but they avoid responding to any specific questions about my plan. The…
-
Is NHS Pension Scheme taxed at source....?
....and if so, can it be paid gross? Reason for asking is I am looking at retiring abroad where they charge less income tax on earnings, so would get more bang for my buck if my pension was paid gross and I paid tax in the local country I was living. I have read somewhere that all Government pension schemes are taxed at…
-
SIPP provider
I retire in two years, and have some "surplus" income in the 40% range and it seems a SIPP is the way to do this. Workplace doesn't allow salary sacrifice or pre-deduction contribution to SIP (or voluntary additional contributions to [small] workplace pension) Given that it's only two years investment, any recommendation…
-
Should I take private pension now as not a tax payer or wait
I am 61 and retirement age of 67. I have retired early so not paying tax now - should I take my private work pension now due to tax (not using allowance) or wait till 67 - especially as the stock markets are tumbling that will affect to pension pot. Any comments appreciated
-
Large amount of cash to reinvest soon
I was going to post this on the Trum tariff thread but it's only indirectly related. It will be an interesting time the next couple of months. Assuming our house downsize goes through, this will result in in sitting on about £300K in cash which constitutes more than 45% of our overall pot. (we also have DB pensions) Part…
-
AJ Bell - should I include dealing charges in the cost of investment?
Hi all, I have a question to ask about my AJ Bell SIPP. I currently have some money sat in my SIPP account as cash & want to buy funds with some or all of it. On the Buy Funds page it asks if I want to include dealing & other charges in the total cost of investment, or exclude them and pay them on top of the amount…
-
Tax info please on annual annuity payments in arrears
I am looking at buying an annuity and would prefer to get an annual payment in arrears to maximise the annuity payout - however I am only willing to this is PAYE copes with it as a full income payment for the year - ie I would be taxed in an identical manner than if i had gone for a monthly payment. I cannot be doing with…
-
SIPP Charges AJ BELL and Interactive Investor ?
I have two SIPPS, AJ BELL and II. I pay in a regular £25.00PM to AJ Bell to cover the monthly costs, account charge for shares and any other trading costs. I get tax relief on my £25.00 which is £6.25. I also pay £21.99 flat fee to II every month to cover my account charges, I do not get tax relief on the £21.99 I pay to…
-
FIRE - have I got enough?
I've been reading all the incredible threads on this board and wondering if what I am contemplating is doable. I could really do with the wisdom of those more experienced and knowledgeable in assessing if it's realistic.I will be 60 later this year and qualify for full state pension from 67. I would like to retire…
-
Advice on how much to put into pension
I’m after advice on how much you should put into a pension if you can afford it. I’m close to retirement (54) and have enough savings to live off for at least a year, all risks aside and purely to minimise any tax liability should I put 100% of my salary into my pension (I’m on less than 60k so that’s not an issue), or…
-
Turning £1m pension into cash
Hello, please be gentle with this one. My husband has a life limiting illness but has a pension pot worth in excess of £1m. He has already taken the 25% tax free element and not putting anything further into it. At present he doesn’t have an income and is self employed. His industry has been hard hit. It might be that he…
-
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…
-
Advice on pension for father
Hi. My father is not very good at managing complex financial matters, and is also largely broke. The two may be related! It also means an IFA is thus a bit of an expensive luxury. He's also a state pensioner. Sparing you the ins and outs, he has unexpectedly ended up with two pensions after being tracked down by the…
-
Pension limits for personal and Ltd company contributions
In the tax year 2024-2025 I have put £38,000 of my PAYE income into my SIPP. I am also in a position to put in some cash from an Ltd company where I am a director. Is the total limit in this case £48,000 - that is £38,000 personal and £10,000 from the Ltd? Or can the Ltd make up the balance to £60,000 which would be an…
-
Over 85 year old querying amount taken contracted out of state pension
My step Dad is querying why he has approx £90 a month deducted from his state pension due to having contracted out. My Mum of a similar age has £30 from hers.They are both aware that at some time in their early working lives they contracted out and therefore paid lower national insurance contributions, but this was only…
-
Pension value diving
As I seem to recall the last time Trump was in power and causing trade wars my pension has dived steeply in value. Of course I hope it will recover again, but who knows, there are mutterings about Trump trying to change US law to serve a third term. Anyhow, it's too late for me to do much now, but hoping that the pension…
-
Early-retirement wannabe
I would like to create a topic (don't see it at the moment - other than the NUMBER thread). Who is aiming for early retirement (or who has retired early already)? When did you begin planning and what drove the decision? What is the strategy for getting there? How much of a relative decline in income are you prepared to…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
700 discussions
6.1K comments
Most recent: How long before your state pension increase actually comes through? by molerat
Today at 2:31PM
