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Portfolio tracking app
Any recommendations for a good portfolio tracking/budgeting app? I have Life strategy (formerly MoneyHub) which is great, but it doesn't drill down on your investment portfolio by region/sector etc. Snowball does this and also has dividend tracking/forecasting which is great. Snowball doesn't have the bank account/spending…
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LSDBA calculation
Unfortunately I'm in the position of looking at a quote for serious ill health commutation of a DB pension. I'd appreciate help in understanding the LSDBA calculation. The quote has 3 elements to it: (a) Commutation of the DB pension that would have been received if service had contined to retirement; (b) the standard lump…
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Personal Contribution to Pension
Hi everyone, I just wanted to sense-check something. I’ve been looking at a few online sources and think I understand it now, but it’s taken me quite a while to wrap my head around it, so I’d really appreciate someone confirming whether I’ve got this right. Goal: Reduce the amount of 40% tax I pay. Context: I earn…
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Employer from 2014-2016 did not pay into pension for 2 years
Hello I have a query about an old employer who I only just realised, after trying to track down old pension providers, did not enrol me or pay into any pension scheme for the entire 2 years I was employed - even the government state pension. I know the law has changed a bit since this period of employment (2014-2016) but I…
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High risk, high reward: A pauper's dream of early retirement.
As regulars on this forum will know, I am trying to retire early while working part time, with a current salary of about £21.5K. Five years ago (after the loss of a loved one) I started to take my life and my finances a bit more seriously. I was 43 at the time, with a combined pension and ISA of £73.5k. I decided to make…
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Unauthorised Digital Signature
Have spent over a year attempting to get justice due to Pension Advisor using requested digital signature for access to my Pension accounts only to sign Client Agreement, open SIPP Pension and start transfer of 6 Pension accounts without my knowledge or permission. Complained to company and to Ombudsman who backed up the…
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Is the Civil Service Capita problem stopping coverage of other poor schemes.
(sorry - just a rant) Are the problems with the civil service pension scheme causing so much noise that other less bad schemes are not being looked at? My NHS 2015 pension is now 3 months late. I received an email apologising for the delay and assuring me that 84% of recipients in December were paid within 30 days of the…
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Which annuity provider? Where does the commission come from?
Thinking of annuitising a portion of my SIPP. Looking at the Hargreaves Lansdown annuity calculator/quote tool. Example being used is: £100,000 purchase, no tax free cash, 50% spouse pension, 5year guarantee, 3% annual increase. Some enhancements due to health issues. Quotes coming back at £7,150pa highest from JUST, down…
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Pru Fund Performance - fund value confusion
I am posting on behalf of a friend who is not tech savy or pension savy. The information I have is limited so bear with me. He has had a Pru Fund pension since 1988, and has drip fed contributions since then. I don't know how much historically, but currently £50/month. There is no mention of what fund he is invested in…
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Soon to retire
Hi, recently moved my sipp into a safer deposit account as it was in a high risk plan ,as planning on retiring soon,also have a small nhs pension and some cash savings,whats a general tax efficient way of withdrawing from any of the three above. I was thinking of taking the 12750 a year from sipp and a futher 5000 from the…
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When Can you Pay Into a SIPP
I’m working for a few months at the start of the new financial year, after which my salary stops and my pensions are my only income. Won’t be going in to high tax bracket. Currently receiving workplace pension and state pension, but not drawing down on my AVC. Thinking of opening a SIPP to transfer my AVCs into. If I…
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Freetrade - has anyone undertaken a Uncrystallised funds pension lump sum (UFPLS) withdrawal?
I've been trying from the start of February to get a UFPLS withdrawal from Freetrade. The process is ponderous with every step by Freetrade taking a week or more – and that’s with chasing via the “calling into the void” that is its on-line messaging system. Things aren’t helped by Freetrade misplacing my application nor by…
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Stepped Pension
HiI had to
stop work due to ill health and am due to take a small BAe pension this year
aged 65. The pension has a stepped option which makes sense for me because my
analysis shows taking the stepped option pays the most over 12 years which is
probably all I have got. The figures: Basic
pension £5000 Stepped
pension £12000…
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Survivor Pensions
I am just starting the process of tying up my fathers estate and needed some advice on pensions. He is survived by his wife (my mother) - he was receiving a local Government scheme pension - I read online it has something called survivor pensions? I just want to know what questions should I ask and what should I keep in…
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SIPP for holding cash (interest bearing?) for last minute 25/26 contributions
Helping a family member. They are winding down with work, likely to have a final tax year of earning salary before retiring permanently aged 61. They have never really thought about pension and have paid in modest amounts to a DC pension. The plan currently is to withdraw as much as possible within personal allowance/basic…
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State Pension Explanation/Help please?
I have been in receipt of state pension for a few years now and have just had a letter about the increase. BUT I don't understand how it is made up and why it differs so much from my OH's when we have both worked continuously since the age of 16. No Home Responsibility payments due or included. He is a little younger than…
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Is the maths of my pension planning correct?
I wanted to walk you through my pension planning calculations to see if there is anything incorrect or missing about my calculations? Background I'm 40, and pay into a direct benefits pension scheme and have done for around 15 years. I have no other pensions. I'm a basic rate tax payer. I have a partner, who cannot work…
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Thoughts on Delaying Claiming Civil Service Classic Pension
Hello, first post here, as I noticed some great advice on Civil Service pensions in the forum. I would be grateful for any thoughts or experience on my current dilemma as to when to claim my preserved civil service classic pension. Here's the situation: I turned 60 this year, so am eligible to claim my preserved Classic…
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Any tips for selecting an IFA for pension retirement
I’m looking to book an appointment with an IFA to get advice on taking my pension and putting a best plan together for retirement finances, so best way to use my pension, ISAs and other savings. I’ve read through the advice on Moneyhelper, looked at the FCA register and looked back at old threads on the forum, but still…
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Consolidating existing pensions and taking drawdown
I have unit linked pensions with Standard Life and Clerical Medical. Those are the main ones, although I have a couple of others. I'm getting on a bit and I would like some income. I'd also like to draw the 25% tax free lump sum. I need this in the next 6 weeks. I was thinking of setting up a SIPP. If I cash in the…
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
