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Moving abroad - what actions required on UK private pension
Hi, We are moving to France in a few months. My partner has a private pension with Aegon, and we have been advised he should take the 25% tax free lump sum before we leave, so as to not lose the tax free element he can get as a UK resident. To do this, we need to change provider as the current product doesn't facilitate…
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Retirement calculator NHS pension
Hi I semi retired 2 years ago, small NHS pension (1995 scheme) but ideally want to fully retire by 63. Currently still working paying into 2015 Scheme which I will likely take early (with reduction) at 65 rather than 67 and also have some savings. So it's the million pound question can I afford to go? My main concern being…
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LEAP
I was just reading about LEAP where if you had children in the 90s you possibly won't have had NI contributions applied to your account. The DWP have already paid out to many and have sent out letters with many more to come. Do we just sit and wait for a letter if we qualify? Can we contact them and who? Anyone have any…
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NHS Pension after Nominal Pension Age
Hello I had a question about NHS pensions. I am 70 and have already reached NPA (nominal pension age). In addition, I am leaving my current post at the NHS in August. I am uncertain if I will continue to work in an NHS position at this point. I have been employed at the NHS for around 10 months. I have been told I am…
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Pension Credit
I wish to declutter our home, as I receive pension credit do I have to inform the DWP if I sell off my own belongings. Particularly if my wife would probably wish to buy new things with the money 😄
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NHS pension P60 - have you received it?
NHSBSA say P60s are usually sent out by the end of May. OH's hasn't arrived yet - has yours?
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Should a very sick person keep working - where does he get advice on options?
Hi - please can any one advise how to get informed help for a sick friend with difficult decisions - he is possibly terminal but is continuing to work as much as he can manage, so his wife gets his death in service lump sum. I think he needs someone to understand his work Ts and Cs for him. He is in constant agony and very…
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Pension planning for a special needs dependent
Hi, Are there any suggestions or tips to share when you are planning finances for the long term, considering a special needs dependent? Currently am investing any earnings over 50k into pensions, with a plan to use the tax free amount to pay off the mortgage upon reaching 57. The mortgage is expected to be 200k at that…
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Auto enrolment chaos, what are my rights?
I was paid at the end of May in the usual manner, I never check my payslip as it comes by email, you have to log in and so if my payment amount is about right then I tend not to bother. I noticed that the amount paid into my bank was lower than usual and so checked the payslip and noticed that I had a deduction for a…
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On constant hold with DWP re pension contributions
Apologies if this is a repeat of a topic already discussed - I've searched and not found anything relevant. I sent in a form requesting a callback for topping up contributions to my state pension (which I will qualify for in a few years). Two weeks ago, they called in a 1-hour slot when I didn't have my phone on me. I kept…
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Foreign employer contributions into a UK pension, is this possible?
Hi Everyone I am currently employed my a company based in the EU, I am payed through PAYE and am a UK Tax payer. I am the only UK based employee. My employer and myself have been making regular contributions into a private pension scheme, this scheme isn't suitable anymore (i wont go into why, there isn't enough time in…
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Max SIPP Pension Contribution
I save into a local authority DB pension and AVC. I have also opened a SIPP. I plan to retire this financial year hopefully. Based on my local authority salary and calculated Pension Input Amount (see table), what is the maximum I can invest before I retire into my SIPP (including any unused SIPP contributions from…
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Tax relief on current pension contributions when drawing an old pension
I am currently employed with a company pension that me and my employer pay into, approx £1000 per month combined. From a previous employer I have a DB pension which I have just found I can start drawing from - a tax free lump and a small yearly pension. I understand this counts as part of my income and I will be taxed…
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Inc. or Acc. units in Retirement?
Hi, I am just looking for a bit of a steer here as to whether I should move all of my investment units to Inc. units. A little bit about my circumstances. I retired at 53 (nearly 4 years ago) and took my DB pension on my 55th birthday. My wife will take her DB pension in just over 3 years when she is 60. My DB pension will…
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SIPP - Swap fund or not?
Approximately 18mths , I left my IFA and decided to opt for a 'fire and forget' approach on an 80:20 Equity/Bonds basis, with one of the tenets being that I would not tinker/try to play the market etc. Currently I'm invested as follows 41% Fidelity Index World P Acc 41% HSBC All World Index C Acc 10% Vanguard Global Bond…
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Great Video on Investing
https://www.youtube.com/watch?v=D7BypzqdfqM By Tom Nash. Easy to watch. About 30 minutes.
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Should I access my personal pension to make use of tax threshold?
I am a basic rate tax payer and I plan to retire later this year. I won't receive my state pension for another 3 years but I have sufficient money in my ISA plus I receive rental income (£8K guaranteed each year with no voids) that I won't need to touch my personal pension until well after that. As there will be 3 years…
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Transfer of DB pension to SIPP - no brainer?
My partner (age 57) has a DB pension scheme from an old employer which looks like a no brainer for her to transfer into a DC SIPP. Am I right with my thoughts below? The pension benefits at date of leaving in 1997 is £2,400 a year - not index linked as far as we know. My partner thinks this will still be the annual pension…
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Take VR and retire early?
Avid reader of this forum for ages, but now have a reason to post to see what others might do in our situation. Myself, 40. Full time, salary of ~£68K, rental income £5000 per year. DC pension currently at £250K. I pay 4% + £250 AVC monthly, employer £8%. Husband, 52. Salary ~£70k, rental income £5000 per year. DB pension…
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Can I use my Pension tax free lump sum to buy Premium Bonds for myself and my wife
Hi All Can anyone Help me with this question. I'm just about to take my pension and have various options one is a tax free lump sum of over 100k. My wife and I have maxed out with isa's. Were both 20% tax bracket although our personal allowance tax codes have been reduced possibly by earning over the £1000 interest…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
715 discussions
6.2K comments
Most recent: Help! HMRC State Pension Topup Callback by SVaz
18 October at 3:04PM
