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A different 'taking a lump sum from a DB pension' question
Hello all, there have been many posts on the topic of DB pensions and whether it was worthwhile considering taking a lump sum and then a reduced pension, but mine is slightly different as I wondered what the thoughts were when the missing pension would not have received any inflationary increases due to the pension being…
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Equity percentage in the deaccumulation phase
My investments are spread over a S&S SIPP & ISAs and some unwrapped funds and savings bonds & accounts. Cash is currently at about 15% and more than enough to cover 2 years expenditure. I will receive a full state pension in the future and have a rental property but apart from that I am relying on my investments. I have…
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Rebalancing
I think this topic got bogged down in another thread recently. Noticed some analysis released yesterday by Abraham (a smart fella) - you can register and get the short report. Essentially it reads broadly that you are best off by not rebalancing until things are 10% adrift. Certainly avoid quarterly, and probably avoid…
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Wills and estate planning
Just had a phone appointment and have no idea if the advisor was charging a fair price. We paid £50 for a will writing service and after discussion it was recommended we have some form of protection trusts included to protect our estate and childrens inheritance incase care home fees are needed in the future. We were going…
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Thoughts on this fund.
Fund in question- Standard Life Ishares Global Property Security Equity Index Pension Fund (S/L code BBEC). I’m quite pleased how my portfolio has performed this year however this fund has dropped quite a bit. It makes up only 10% of my portfolio so the damage is limited. What are peoples thoughts on not so much the fund…
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Lifetime Allowance: how is tax applied if you exceed?
I currently have a couple of DBs in payment, and am drawing down on one SIPP. I have another SIPP, from which I have not taken anything. Under current valuations, I am at 90% of my (Fixed Protection 2016), and am wondering if I should crystallise the last SIPP to avoid breaching LTA. I don't need the lump sum cash for…
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Bringing overseas pension back to the Uk
Opinions please! Joint citizenship with Australia. Returned home to Uk in 2006. Pension managed by a Financial Planner "under there". I am now 58. Just been advised by the Planner that his fees need to double. I want to bring the money home but no longer have an Australian Bank Account or address. What can I do?
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Redundancy options
I have a redundancy payout of 45k. And also a Pilon oayent. Am looking for options on this, whether to pay some or all into my pension or pay part of my 90k 13 yr mortgage. Am 48 married and have a new job now in 49% tax bracket. Appreciate any advice
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Retirement Planner - Importance of Inflation?
I am nearing the completion of my planner. It’s very different to the ‘quick and dirty’ one provided by my IFA which contains just a few metrics. I will ask him as I am sure it will come out when I show him it, but in an assumption why would he use growth of 3% less inflation of 2%, and apply that 1% growth rate for forty…
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Multiple Nest Pensions
My daughter has multiple Nest pensions with different employers rather than them contribute to her existing scheme. I understand she can merge these to a single account but I believe this cannot be done online. As she contributed to each of these for less than 2 years for each pot, can she get the money back and if so what…
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Best way to monitor DC pension performance?
I was wondering what the best way is to monitor pension performance? Five years ago, the company I worked for at the time used the People's Pension. When I left the business onto pastures new, I left the contributions in there. I was a bit naive and didn't realise charges were a thing with pension pots so I imagine charges…
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Stakeholders pension options for insistent client
Hello, I have read several of the threads relating to DB transfer, I’m in my early 40s and have a CETV over £30k, initial conversations with some IFAs indicate I may not receive favourable transfer advice due to my age. I understand my deferred DB fund is only required to validate advice has been received if I do want to…
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My pension - thoughts and feedback
Hi all, I’ve spent many years reading this forum and
have taken some great advice over the years. I feel I am now at the point I
need a sanity check from the forum as I don’t feel my retirement strategy is on
point and needs some changes. In short – 35 years old, married with 1 dependant.
Limited company director so take…
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Who will accept a DB pension transfer?
Hi All, First time post but long time reader. I am considering a transfer out from a final salary pension scheme I left the company more than 20 years ago and have a CETV of around £150k. I understand I need to take professional advice from an advisor and am well aware of the benefits and the pit falls that come with a…
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Retirement planning, shortfall between 60 and 67
Me and my wife both have full workplace pensions that payout at age 60 and if possible we would like to retire then. Our state pension is payable at age 67. The two combined are sufficient for us to enjoy a good retirement. We also own our own home without mortgage but plan to sell and move to rented or seriously downsize…
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Teachers Pension - Less than 2 years qualifying service.
I was a college lecturer from January 2015 until October 2016 and was a member of the Teachers Pension during that time. The minimum qualifying period for Benefits with the Teachers Pension is two years so I'm trying to find out what's happened, and what to do, with the contributions made during that period. All I can find…
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so I spoke to the tax man
Hello everyone I am in the higher tax bracket and have a SIPP with vanguard which when I put money into it the tax relief is automatically added by the tax man at the lower percentage as I am in the higher tax bracket I had been told I am entitled to the higher tax relief on the SIPP. So I phoned today and they agreed and…
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Help with commutation factor
Hi all, just looking to understand what tax free amount I could get from a DB pension at 65 (Scheme retirement age). My pension statement shows a payable pension of £18,590 per annum with RPI increases yearly. A commutation factor of 17 would be applied at 65 year of age if I wanted a tax free lump sum and reduced pension.…
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Early retirement
Good evening. I will try to keep this as succinct as possible. I have been self employed since 1985, now aged 56 for various reasons i have retired early in order to enjoy life. I plan to live off my savings until state retirement age however i have a personal anuity contract (well three actually) which matures when i am…
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Finding a lost pension.
How do you go about finding a lost pension with no paperwork. I only have my employer and the rough date of when I was there and pension provider at that time.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
748 discussions
6.5K comments
Most recent: NI years are now full, existing OAP, when should I expect my monthly payments to reflect this? by molerat
12 May at 5:13PM
