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AI pension advice
Bored at work the other day I started asking AI about pensions, I ended up with some pretty interesting theorys Now I'm a financial illiterate, I just go with what my IFA advises, they invest the money, I watch it grow. my IFA meetings usually consist of carry on mate, see you next year . I will be 57 next year. Last year…
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True Potential redress offer
My wife and I moved our pensions to True Potential back in 2021, upon the (verbal only) advice of our IFA at the time. After a couple of years, I realised that this was a mistake and eventually moved everything over to a DIY platform and happily manage this all myself now. I didn't complain at the time, just wanted to move…
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Pension: SIPP vs LISA Clarity
So, I have a workplace pension, its the minimum employers contribution, not the best provider etc and I cant change that, transferred any old ones too it and its doing its thing. I want to do more towards retirement now so weighing up which is better. Wow I am conflicted and confused,when normally when it comes to the…
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partial Pension withdrawal
Hi, Needs some advise or confirmation, I have a private pension with Scottish friendly, I've spoken with them today for advise on withdrawing partial funds under the 25% tax free rule but they've stated they do not offer this and only option is to pull the full pension fund and then re-invest what I would have remaining…
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Bus Employees Pension Scheme (B.E.S.T.) - please help
I've been helping my brother trace an old pension - it is the National Bus Employees Superannuation Trust Pension scheme, also known as B.E.S.T. which was active through the 1970s and 80s. It has taken a while as he has lost most of the paperwork, and to cut to the chase, it looks like he may have to go to the ombudsman.…
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Gov Petition - Require all state pensions to be paid monthly
open to be signed until 30 sept 26 https://petition.parliament.uk/petitions/759384
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Please critique my pension thoughts
Hi all. I am currently working part time and planning on retiring in about 6 months time when I will be 63. I have a DB pension (was final salary, now CARE) with current accrued pension of approx £43,000 payable p.a. at age 67, reduced to around £36,000 if I was to take it now. I also have AVC in same scheme of some…
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SIPP administrator / FCS
Hi My understanding, is that If a SIPP administrator goes bust , FCS only cover them for £85,500 as they are not a bank. If I have £120k uninvested cash in a SIPP, then the administrator goes bust, would I only be FCS covered for £85,500 or is there no impact to me as it is the administrator who goes bust and not the bank?…
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I give up
What's the point?
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Pension Forecaster - online tools
My wife has a SIPPS and just retired. At a meeting with her financial advisor she was shown a forecast of long her pension would last with different spend rates with her state pension and savings added in. I am retired and have a DB pension and savings and will get a state pension at 67. Are there any online tools that…
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Missing pension
Hi Hoping someone can advise or point in a direction. I'm dealing with my mum's affairs, she has advanced dementia, and at some stage has thrown all her papers away. I identified that her finances just weren't adding up, she wasn't receiving what I thought she should. Contacted Aviva as that's who the payments she does…
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Are there any pensions that don’t invest in AI
I am concerned about the fast growth of the AI industry. Every company I deal with at the moment is using AI bots and LLMs, and work are busy developing their latest strategy around AI. But growth isn’t infinite, and I’m worried that when the bubble bursts, my already meagre pension (I started late) will reduce in value.…
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Help think tax code is wrong after pension drawdown
This year my estimated earnings are total £42914. This includes £9473 taxable pension drawdown (excludes 25% tax free bit) My tax code was S12750L (includes uniform allowance). I paid £2741 tax on the pension drawdown which was emergency taxed and should have been £1989. I filled out the hmrc form to get the refund P53Z -…
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Countrywide Assured redress payment
I have received an interesting letter from Countrywide Assured. I think it relates to a personal pension I started with Merchant Investors many decades ago. I made payments for a couple of years and then stopped because I could not afford it any longer. Over the years the value of the very modest fund got eroded by the…
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Salary sacrifice Pension should be able to start withdraw at the age of 50-55.
Why does Govt restrict the accessing our salary sacrifice private pension at 50-55 age, why it has to be increased every time the state pension age is chnaged. it should not be tied with state pension age. It is our money and we should be able to use at difficult time. Also if we are moving out of the country for good, we…
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When your workplace & pension provider can't agree
OH started new job recently. Aegon is the provider. OH knows the employer very well, even before joining, so it isn't going to be a case of them intentionally trying to screw over the employee. OH started in April & got set up within the Aegon platform in May - £0 balance. Had another look end of June - £0. Aegon are…
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Explain (partial) crystallisation/drawdown etc. to me like I'm 5(0)
A change of circumstances has suddenly caused me to change focus from optimising accumulation, to planning decumulation, and I haven't yet found a simple guide. I have more in ISAs than pension wrappers, and currently far from a full state pension, so my modelling is going along the lines of: A) Before pension age: live…
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Barclays Deferred Pension - 1964 Pension Scheme DB v DC scheme?!
Hi I was expecting a letter re my DB deferred pension 6 months before retirement, so I thought August, but I received 1 today - I will contact them this week as no idea what is going on and wondered if anyone could shed any light on this? I left Barclays in April 1991. The letter states you are approaching retirement and…
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DB pension - take now and invest, or wait....?
Hi all, Looking for some views on options for a couple of small DB pensions I have from previous employers. In short, trying to decide whether to claim now and invest (currently plan to retire at 67) or leave them in place and claim later. I'll turn 57 in September, and am still working, self-employed, basic rate taxpayer.…
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£45k pension offer OF £2014Pa
My wife has an old pension value of £45k but has a small underpin which prevents her transferring to a SIPP without advice as its over £30k. She is age 67 and been offered £2014 pa indexed linked up to max 5% a year. Is this reasonable? It seems poor to me but there are little other options.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
751 discussions
6.5K comments
Most recent: Guide discussion: Voluntary n… by Haydn_T
22 July at 9:34AM
