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Standard Life - ESG Kowtowing
In a move redolent of the sentiments in this post of 2023 re Aviva.. https://forums.moneysavingexpert.com/discussion/6468194/aviva-pension-index-fund-changes-esg-applied/p1 ...it would appear that Standard Life are deciding to make my pension investment simultaneously more passively invested an at the same time more…
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New to LGP - transfer in?
Hi April I joined a LGP for first time. I understand I will get 1/49th of salary per year although the contributions going in each month are approx £1K (between me and employer), I would only get just over £1,122 per year. Not sure I understand that! Also, I can transfer in (during first 12 months). I have two questions:-…
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New Tax Code -State Pension related
Hello, Today I have received notification of a new Tax Code from HMRC. The new code is S22LX from S1257L. I am assuming this is in preparation of commencing the full State Pension this month. My personnel allowance, £12570, drops by £1200, which is the annual SP I will receive. (There will be some tax to pay on savings…
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Redundancy payment into pension
Hi all, Bit of a change in direction and after some advice, am 57 and had been planning on working to at least 60 however yesterday was unexpectedly offered a generous settlement figure of £132k.to leave work . The alternative to not taking it is to go through a consultation period and if unsuccessful will only get…
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deferred state pension
Hello again Hope some one can undsterstand or guide me in this one When I had notification of my pension I rang. I was told the following:- I am totally at a loss here to understand deferment of pension.. 1 if I don't claimed I am automatically deferred. every 9 weeks get small amount of money I think he said 50p or £1. 2.…
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Allocations and wrappers
Hello We're hoping to retire in the next few years and I have worked out a cashflow ladder allocation across cash/cash-like things, Ruffer, VLS60, a global all cap fund and a dividend-paying equity fund. What I'm struggling with is how you marry that up with the different ways we'll be holding assets- my husband's pension,…
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MI Group Pension, lost their details how can I find out ?
The MI Group in London sold me a couple of pensions/investments back in the late 80's early 90's. Due to a divorce and moving house more than 5 times since, I have lost their details. I have done an internet search on the MI Group with no results. I cannot find who owns them now or even a telephone number. I have been on…
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Teachers pensions say my husband needs to repay £18000!
Yesterday my husband received a letter from Teachers Pensions stating that 15 years ago he was paid £18000 too much pension. Apparently this is supposed to have happened over 3 years. The dates and figures they have quoted make no sense to us. They have sent an invoice for repayment at once or at a rate of £2000 a month!…
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HRP
I am a little confused regarding HRP. My daughter was born on 9 May 1985. I have gaps in my NI contributions for that year and when I have queried this before, I was told they can only look at whole years. Why do they not look at part years?
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Pension vs ISA vs current income
I could do with some help on working out how best to proceed in terms of allocation of saving for pension vs. ISA, and what a realistic retirement could look like. I have played around with Guiide extensively but am still somewhat confused. We were both aiming to retire in 10 years, which would make us both 55. Clearly…
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nhs pension and start date query
I became an nhs employee around 1987. Due to paperwork errors by admin, I didn't get paid for a few months nor did my superannuation pension get off the tracks. I signed up to a private pension (contracted out of SERPS) in 1990. I then closed off the private pension in 1994, which bought 3 years of nhs pension and I've…
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Are the big funds all the same?
Dear all, I really just don't have the time to actively monitor my pension funds so for the last few years I've got the lot (£236k) in Vanguard Life Strategy 100. I'm happy with the equity risk profile, I understand what the fund is/does and I'm aiming to retire between 5 and 9 years from now. I have 2x that in company…
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Civil Service ABS 2024-25 issued
Just to flag for information that I got an email today to say that my 2024-25 Annual Benefit Statement is available on the Pensions Portal. I'm an active member. There are two versions - one standard (with the McCloud period included in previous scheme i.e. Classic for me); and one alternative (i.e. McCloud period included…
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Lost workplace pension
To cut a long story short, I left TNT logistics back in 2004 for a job closer to home. I had a pension scheme with them which was run by Scottish widows. Fast forward to this year I will be 55 in November and wanted to see if I could take an early retirement and ask for the retirement pack. Scottish widows sent me a letter…
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Claiming pensions is UK and US
Does anyone have any knowledge of being a UK citizen and claiming Social Security benefits via thier ex-husband? I have heard that due to the WEP agreement, the claim for SS will be reduced if you claim a UK pension. I need to find this information to complete our financial order etc.
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Increasing pension contributions v paying into stocks and shares ISA
Hi all. Would appreciate some advice for future investment strategy involving my pension given the tax relief benefits. In short, is there a tool I can use to compare the returns based on investing in tax free stocks and shares ISA v increasing pension contributions with 40% tax relief, 25% tax free drawdown aged 58 and…
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Pensions contributions as Employeer or Employee
I run my own LTD. My Income-expense is 50k I have taken 18k out in PAYE, (claiming EA as more than one employee) (1,084.20 tax, 434.40 NI) This leaves me with 32k in profit this leaves 25,920 after corp tax. If i take as a DIV i pay 2268 in taxes on it. leaving me with a take home of (16,481.40paye + 23652div) 40133.4.…
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25% Tax-Free Lump Sum Query...
Hi, I have taken my 25% tax-free lump sum from my private pension some time ago. Since then, I have added some extra contributions to this pension. In the future can I claim a 25% tax free lump sum from these additional contributions. Thanks.
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Investment v Savings when retired
I retired last year at age 53. I have two main sources of Money one is in a IPP that I have now switched off the auto trading features and I manage myself so it’s operating very similar to SIPP. The other is a collection of savings accounts ISA and non-ISA. After my last tax return inland revenue wrote to me saying I no…
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Civil Service Pension - Can You Trust MyCSP?
I first submitted an application for a 'deferred' pension in November 2024 with an agreed payment date of 3 March 2025. After nearly 9 months of continued incompetence I have still not received a correct pension payment. I have had 3 x re-quotes, a period when they claimed I was not entitled to a deferred pension and once…
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Most recent: Backdating rules for self employed-Class 2 by molerat
30 December at 2:25PM
