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Alpha pension - lump sum and early retirement
Hi, Can anyone help me with this question? I have a civil service Alpha pension and plan to take early retirement. The guidance says I can convert £1 of pension to £12 of lump sum but it's not clear to me whether it means £1 of pension entitlement if I retired at SPA or £1 of the actual pension I'd receive after the…
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Pension Financial Advice
Both my wife and I are in defined benefit pension schemes that are due to mature at age 60, and we also have other pensions that will continue until we are 65. We have savings and are expecting an inheritance. We would like to know whether we can retire early, but we need advice and are not sure what kind, pension advice,…
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Commuting part of NHS pension that would otherwise be subject to HRT
Hi all, some time since Ive posted on here. I would value your thoughts please.I am aware that the NHS 12:1 commutation rate is normally seen as bad value . However my position is that I am due to retire next year at 58 and had been intending to take my 1995 pension (due at 60) subject to reduction of c. 10% which will be…
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Opinions Please
I am 65 (66 in March) My required retirement income will be almost covered by State Pension and a DB pension (£3500) net shortfall. I have a DC pension of £150k with Aviva Aviva Pensions My Future Focus Consolidation (Pre-2024) S6 Should I leave the DC pension where it is (risk level 2) or transfer it to a Vanguard Life…
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DRAWDOWN WITHDRAWAL AND TAX
Hi I can see that there is already a thread about this but I wanted to start my own as I have different circumstances. I hope that's ok! I transferred a pension to AJ Bell in the summer. I took a TFLS and deliberately took an extra £10. This was in the hope that it would lead HMRC to issue a helpful tax code to AJ Bell for…
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Is there a maximum transfer allowance into a SIPP?
My employer has recently been taken over, and employees have been switched to a new pension provider. I decided to move my old pension into a SIPP with ii due to it's low fees, transfer still in progress. I am now seeing maximum tax free allowance £60,000 contributions warnings. I will be transferring 20 odd years of…
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The app Itsme
I have been able to access my Belgian pension online for the last 10 years using an identification key. They have written to inform me that it is being replaced. Quite frankly, it's like being in a maze where the exit is invisible. From their various options I chose the app Itsme. I managed to scan my passport but have…
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Tax Return Query
Entering SIPP details on tax return Have I been doing this right? Box 1 my payment plus tax relief Box 2 just my payment But as I am nolonger paying into a SIPP, I can now leave Box 2 empty?
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Civil Service Pension & Tax
I was retired from the Civil Service on the grounds of ill health in 2013 (I was in the Classic Scheme). Due to circumstances, I didn’t claim it at the time; I am now looking at doing so. My annual pension will be 12k. MyCSP have confirmed that it will be back-dated (ie 12k x 12 years = £144000). What I was hoping to do…
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Pension recycling query
Retiring in January, taking the TFLS. If I stick 2880 back into my SIPP from this tax free cash, is that recycling? How can it be proved ?
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Cash in Stocks & Shares ISAs to be taxed at 20%?
Interesting article in this weekends FT https://www.ft.com/content/0f972baa-f571-4f18-bbbd-b6382938c466
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Stick or twist with contributions?
I have posted similar thoughts and questions before but am now getting more clarity of thought. So, apologies in advance to those who search old posts to find and call out repeat posters. I'm 54 and a bit. I have 2 retirement options in mind. Scenario 1, ideally retire at 60. Scenario 2 is to retire at 62 when mortgage is…
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Delays to handover from Capita to Tata of Teachers Pensions
Retired member in Aug 2022, TP have until end of September to raise the affected members' RSS statements. However, a front of house call handler told me this week that there are delays to the handover from Capita to Tata. Does this mean there will be more delays to statements and payments? Does anyone know anything about…
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IHT Paying out excess annual income over expenditure
For many years (I'm 69) I've been paying my excess annual income over expenditure to my daughter's to avoid them paying too much IHT. I've never been able to fathom out whether if I draw down tax free cash from my pension pot this can augment my income and therefore increase the payments I can make to my daughter's each…
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Do i have any hope in retirement discussion
Early 50's own property outright with a value around £220k also £120k in savings accounts. My dream is to retire to South East Asia if that could be possible but i know i would need a minimum income of £2k a month after tax to cover expenses. I dont have a private pension, only the state one. I know nothing about…
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Urgent Guidance Needed - State Pension, NICs & HMRC
I am 53 and have spent weeks shuttling between the Future Pension Centre, HMRC, CAB, etc. helplines trying to arrange a state pension. There have been multiple instances of incorrect and directly contradictory advice and information given within and between these departments. I registered before the DWP deadline in April…
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9 Month Pension Transfer - Inaction and Loss of Investment Growth?
My daughter left a council job at the end of December 2024. She got a letter on the 9th January stating her pension transfer value was just under £12,000. She signed forms on the 17th March 2025 stating that she wanted to transfer it to a private SIPP. It has only just been transferred and the value is the same as the…
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I've moved overseas - what to do with State Pension
Hi all, I know the info is probably somewhere on the main website or on this forum but I haven't had much luck finding it. I'm looking for advice. Here is my situation - As of 1st April 2025, I left the UK and haven't contributed to National Insurance. Before that I contributed for 14 of 17 years (since 2007-2008), missing…
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need very best ssip for making the most money?
hi im a newbie to pensions i want to start my own ssip im 54 i want to retire and draw on my money/pot when im 67 i want the very best pension provider for making the best amount of money/potback i want to pay in £125 a month into the pension providers that you recommend so i can really boost my state pension i want it to…
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lategenexer help please
Hello, I am using the helpful lategenexer gilt ladder builder, but unsure of the cashflow predictions. When predicting index linked values, it shows that the future withdrawals are are all the same amount, do I assume that as future RPI is unknown, the actual values should increase with the index linked redemptions, or has…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Contracting Out and State Pension Forecast question by squirrelpie
13 December at 9:01PM
