-
Taking small pension
I have a small pension roughly £22000 looking to take tax free sum next year leaving me roughly £16000 am I better doing a draw down say for the next 6 years or take the balance in one hit thanks
-
Hoping to retire early !!! Only by 2 years .
Hi I have a pension which is the workplace one, I put money in and my work does. I currently earn 12,000 ish a year,and manage fine. I’m due to retire for state pension at 67. I’m currently 62, and have around 24,000 in my pot. Could I take my workplace pension at 65 and withdraw 12,000 the first year and then again the…
-
SWR using Momentum investing
For those who are interested in SWR research, this article on Early Retirement now seems to be generating quite a bit of interest: https://earlyretirementnow.com/2025/11/12/momentum-trend-following-swr-series-part-63/ This guy has been posting updates to his SWR series for a few years, and this is the first time I've seen…
-
Tips on contacting MyCSP
So I sent a message to MyCSP through their website in December, and followed up again three or four weeks ago. I’ve not received a response so am planning on giving them a ring next week. I am thinking about moving into the partnership scheme and want a definite quote on my Alpha / Premium schemes. I was wondering what the…
-
Divorce, Mortgage and Pension advice please
Hi, Im new here!!! I have just got divorced and couln't be happier! However, I have 2 really good pensions and Im hearing that my EX husband could still claim on my pension. Im 60 and disabled and am still working but due to serious health issues I feel I may need to retire earlier. I have cashed in one pension so I can…
-
Rate my SIPP - ITV high conviction
EDITED 07/11/2025 : Please see page 25 for a SIPP holding update since the image below. :) A note about diversification: I know it’s important. I’ve done it all my life. Had plenty of bits and pieces of ETFs like VWRL. But sometimes you have to just go for it. That’s what high conviction means to me. “Diversification may…
-
If RR is putting up income tax later this month, would it be wise to extract taxable pension?
If RR is putting up income tax this month and I rely on the 75% taxable part of the pension, having already extracted the 25% tax free lump sum...... Would it be a wise thing to extract a good few thousand from my pension at 20% tax rate and put it into some sort of savings(which I know the interest will be taxed), or just…
-
Cash out? Enough is enough
Hi all , musing and would appreciate thoughts im 46 and have ‘enough’ saved in my dc pension ; as of today £1.02mil, I’ve saved well and growth has been excellent my partner 41 has 200k in her dc pension and she’s now got a few years local government pension and will likely stay in it additionally we have 80k between us in…
-
LGPS CPI PENSIONS UPLIFT
Hi, If i retire on 31 May 2026, how do i calculate the CPI Uplift for 26/27? Also, would my Pension increase in the 25/26 tax year? Thanks
-
Pension Transfer Value query
Morning All My FA has advised that I transfer one pension pot to another to make it work as good as it can for me. I'm attempting to do this on my own - he wanted approx £500 and VAT, Hes said that if i fluff up then he can do it. Ive had the paperwork back and have a query. The current value of your Collective Retirement…
-
Civil Service Pension - promotion after partial retirement
Question for you clever folk. I took partial retirement (Civil Service) in July - reduced my hours by 20%, took 16 years worth of Classic pension (of 18.5) and all accrued alpha. When I eventually fully retire I will take other 2.5 years Classic and new alpha accrual based on new salary. Because i took 16 years Classic and…
-
NHS Pension and Redundancy
It looks like there is a strong possibility of redundancy just around the corner. That's not all bad, I've been planning my bridging pension for some time. It looks like if it did happen any redundancy payment would be made in the current financial year and a very big chunk (I'm aware first 30k would be tax free) would be…
-
SIPP to ISA ?
Hi, Is there any benefit to keeping a large amount in my SIPP, i'm thinking of slowly moving it to ISA I have exceeded TFLS in my SIPP, wife will probably be close to the limit in 5 years time when she retires I'm thinking of drawing down up to the basic rate of tax next year, and move that either into the wifes pension or…
-
Changes at MoneyHelper unfortunately.
Changes on MoneyHelper as per the title. Hopefully the link below is helpful to some. *** https://www.thisismoney.co.uk/money/pensions/article-15266623/MoneyHelper-directory-retirement-financial-advisers.html
-
Recycling help
I was planning on taking 4k TFLS out of one of my pension pots for Xmas. I had planned to put 5K into my another pension but was concerned i'd be breaking the recycling rules. Can anyone please advise Thanks in advance
-
Another Q about a using second provider.
I am retiring next spring, three years ahead of SP age and two years ahead of
commencing a DB pension from my current employer (where the NPA is 66). I've three DC pots, one (about £85k) is in an ii SIPP and two with personal
pension providers, both about £200k each. One is a Scottish Equitable mixed
fund that has been…
-
Defined Benefit Pension
Hi, I have a Defined Benefit Pension which is less than £30k. I wanted to transfer this across to a Defined Contribution Scheme, but so far I cannot find a provider who is will to take it. This means I am going to have to take 25% tax free, which is just under £6k, an the remainder as an annuity - works out about £80 per…
-
This is not pension recycling, is it?
I plan to earn about £56k this year and I'll be retiring in February 26. I have saved about £10k into my DC via SalSac for this tax year. In previous tax years I have maxed out the tax relief allowance via same way. I want to take a £30k UFPLS and a £20k TFC lump sum at the start of next tax year after I've retired. Is…
-
Crystallise an untouched pension in one's 80s?
A relative in her mid 80s has never touched her DC pension. Nor does she ever intend to touch it, as she lives frugally within her state and widow's pension income, and also has other (GIA) investments that would cover any care costs should such arise. Would a "benefit crystallisation event" have occurred automatically…
-
Carry Forward sanity check
I want to check how much I can top up my pension this year via personal contributions. I am paid through an Umbrella company and expect at the end of this financial year to have Gross Pay of £65k and for £58k of employer contributions to have been paid into my SIPP by the Umbrella. I have £50k of carry forward allowance…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
743 discussions
6.4K comments
Most recent: Total pension contribution years required by eastcorkram
Today at 8:35AM
