-
NHS pension decisions (complicated by redundancy)
Appreciate that every circumstance is different and no comments will be taken in isolation but I have a couple of questions around the NHS pension some of which I have an idea on but would appreciate a sanity check on. We have sought advice from an IFA, which as I have read on here before, is singularly interested in…
-
Plan for critique (please)
Hi all, like many on here, I've been a background viewer for some time, and greatly appreciative of all the useful advice. Now it's time for me to share my retirement plan in the hope of some useful critique. Me (54): SIPP 420k (est. @55), DB 18k@65 with no TFLS (or 13k@55), full SP, cash savings 50k OH (52): SIPP 120k…
-
Huge gap in NI record
Hi, I have a very small company, and despite working full time, I've always paid myself at the LEL (until very recently), below the PAYE requirements, and I therefore have a 19 year hole in my NI contributions. I have made a couple of voluntary contributions, but with finances tight I can't fill many more voluntarily. It…
-
Sharia index tracker versus global (ethical) equity in workplace pension (USS)
Hi Everyone,Just looking to get some thoughts on the merits of different funds when there is a limited choice within a workplace pension, particularly Sharia versus ethical funds. I am referring to the DC part of the USS hybrid pension scheme, but aiming to understand all of these funds, and their pros and cons. For…
-
How long is too long for a spouses pension to go into payment?
My wife recently passed away, and I am due to receive a spouses pension from her DB scheme. There is also life assurance/death benefit payable. So far I've been dealing with her employer, rather than the directly with the pension administrator, who are Aptia. I sent all the documents they said they needed through on the…
-
Prudental AVC - Is there any recourse?
I worked for a University from 2012 to 2017 and paid quite a bit into a Prudential in-house AVC facility. This was alongside by DB payments. I think how it was invested was selected for me based on my age (born 1969) as a safe bet. I realise lots of people are affected in the same way, but my £29K paid in found its way up…
-
Lloyds bank pension number 2 deferred and confused!
Hi all, Lloyds pension is confusing.....hubby just discovered a pension from many moons ago. The figures say he's got an annual amount on one page, the other shows his little pension amounts from 30 years ago. Surely they've made a mistake and this is the total value, not a yearly payment amount, seems very high, thank you…
-
When to stop contributing- IHT changes
I am looking for thoughts on contributing to a small private pension with regard to IHT changes. I have a small private pension worth circa £60,000. I am 59 and no longer working due to ill health. For the past few years I have been topping up that pension with the £2880 permitted if you are not working. I initially…
-
Government State Pension Contact Phone Number?
Tried calling 0800 731 0181 then states I have phoned an incorrect number. Anybody have a correct number please.
-
Gap in NI record.
I am self employed and have gaps in my NI contributions. I wanted to pay £427 for the 2011/2012 tax year but cannot find a way to do this online. Am I able to do this online?
-
Query re pension input amount, carryover and DC payments
I work in the NHS and in this last financial year 24/25 my salary increased due to taking on an acting up role for 9 months. Due to this increase I believe that I have exceeded my pension input amount. I am a member of the 1995 NHS pension scheme with exactly 29 years service in the scheme. I am also a member of the 2015…
-
AVC and TFLS
Apologies in advance for the long post and for any repetition from a previous post. I am 60 and my husband 71. I always intended to retire if possible in my early 60's so we would have some quality time together. I have been offered a severance package of 36,000 which I am more than happy to take, and intend to take my…
-
Global tracker - Global Multi Asset
I am in the process of switching all my actively manged funds to 1 x HSBC FTSE All World Index left to invest for 10 (- 15 years). It is high risk (ie can lose it all and I have to take the risk) I will be pleased with 5% return after inflation (still will not meet my target and will think of something else). I have also…
-
Non UK resident pension
A friend has a small pension pot in the UK. He withdrew twice when the pot was with L&G. Now he plans to draw down but ReAssure that bought the scheme from L&G doesn't offer this option but the full amount or a life time policy. He lives in an European country and doesn't want any above options because they would either…
-
Marriage allowance when on Standard rate PIP and Contribution based ESA Support group
As title suggests i'm on Standard rate PIP and Contribution based ESA Support group. Using Excel spreadsheet i worked out my benefit for following: Total for PIP for next tax year is approx £7308.60 Total for ESA for next tax year is £5361.20 Total combined is £12,669.80 This means i'm £99.80 above the tax threshold but…
-
National Insurance Credits with No Child Benefits
Hi, Does anyone know if and how you can claim National Insurance Credits for Past Years with No Child Benefit? Is this possible? I seem to be going round in circles. 1st child born in 2012 Thank-You
-
Lost Pensions
Hiya, I am looking to find lost pensions from previous employment - the trouble is I no longer have any info for the companies I worked for. I have also been to the GOV website to try and found it confusing - should I trust someone else to find them and if so who?? any input on this would be fab, thanks
-
What would you invest 500k in for the next five years ?
Hi,looking to place 500k into short term investment,with low risk. Any ideas would be appreciated,I'm still working until next year then hope to retire. Money at the moment is held in building society one year bonds,paying 4.5 % Having read some ideas on previous forum questions,has anyone's views changed due to a Trump…
-
Asset class
My SW pension fund has automatically de-risked me into portfolio 4 and 5 with a default retirement date of 2027. Currently, I'm unlikely to access this pension before 2035. With this in mind, should I consider moving my funds into a different type/ratio of assets and if so, your suggestion would be valued. In terms of…
-
Is it worth starting a personal pension even though I've retired?
Hi I've taken early retired using a Defined Benefit scheme and I'm currently 7 years away from qualifying for my state pension. I wondered if it was still worth setting up a personal pension as I understand that I could contribute £2880 pounds to the scheme and get 20% tax relief? It's not a lot of money but I would…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
700 discussions
6.1K comments
Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
13 August at 7:57PM
