-
Pension due in September
Hi all, my husband reaches state pension age and his due to receive his pension from September. How do we go about getting it? Do they write to him or is there something we need to do? Many thanks
-
Withdrawing the tax free 25% in one lump, told not possible?
A relative has a Flexible Pension Plan with Aegon. He has turned 55 and has a lot of debt he wants to clear. He had approached Aegon and asked to take the tax-free 25% of the whole pension in one go. He says he has been told this is not possible and can only take a lump sum comprising 25% tax free and 75% taxable. He does…
-
Problem with monthly payments to Aviva
This discussion was created from comments split from: AVIVA Pension - atrocious customer service. Should I complain to an Ombudsman?.
-
OPT OUT/IN work pension
Hi I'm hoping for some financial advise and help making decisions.. I'm 33 years old, no mortgage, I can't have children so it's just me and my lovely husband. I have no personal debts, student loans etc.. My wage is £25,701.98 per year currently and I work full time. I haven't paid in to my work pension for quite some…
-
Lgps lump sum recycling
I’ll be very shortly in receipt of my automatic lump sum from pre 2008 service I’ve no need or want for it ( makes sense taking pension now as I qualify for R85 )I’m thinking of placing it in my sipp to attract tax relief as I’ll have sufficient earnings this tax year to cover the gross contribution,in doing so will I fall…
-
How long does it take for the tax free allowance to move to pension provider
I have just retired. How long will it take for pension provider to get my tax allowance code from my employer?
-
LGPS Contribution Rate Changing Based on Monthly Pay
Hi All, I am in the Local Government Pension Scheme and have been since 1991. My current annual pay is £47754 so I fall within the 6.8% pension contribution rate bracket. I had an overtime payment in my May pay totalling £1200 but this is not regular overtime and I will earn no more than a further £1000 in overtime this…
-
Sal Sac - employer NI contributions query
Hi Hoping somebody out there can assist. Our company up until now have put 100% of Employer NI savings in the pot…. However they have just announced that they will reduce this to 50% from next month Whilst I know 100% was quite generous, can’t help feeling a little aggrieved that my company are now looking to profiteer…
-
Registering on .gov.uk "Manage your State Pension"
I just had a painful process registering with www.gov.uk/manage-state-pension Fo some reason they don't use your existing gov.uk login but need to create a new one. There's a bunch of ID verification by asking you for details from various sources. I chose driving licence and passport as those seem straightforward - read…
-
Quick SIPP Transfer
I recently asked for my Legal & General SIPP to be transferred to my main Vanguard SIPP. It took 6 working days for the money to appear in my Vanguard account. That compares favourably with one which I did a few years ago into Vanguard and it took around 3 months. That one was with Utmost, who had recently taken over my…
-
Home Responsibilities Payment 78-2000 Deceased person
I have just read that you can claim/look into the possibility of missing HRP I am the daughter born in 78 of a Mother who passed away in 2023. For the life of me I cannot find any information on how to get this sorted on her behalf, even on the Gov.uk website /HMRC it just says to apply online, but I can't as I don't have…
-
DB Bridging Pension Option Questions
Hi All, Would welcome any thoughts on the following: I have 2 DB pensions which are available to me without actuarial reduction at age 60, this coming June. Both pensions are from 2 different periods of service from the same over-arching scheme, however are treated as two distinct schemes (with differing scheme rules). I…
-
33k Pension fund
Hi all, hoping someone can clarify, my sis has a pension fund worth 33k with Aviva, she wants to take the cash and move it to a SIPP so she can withdraw money when she needs it. Am I right in thinking she needs Financial advice because its over 30k? Any idea what that would cost? TIA
-
5.375% Treasury Gilt 2056
ii are offering " early access to a new conventional gilt" as listed in the title. As someone who has retired, the idea of something that pays over 5% for the next 30 years seems quite appealing. What am I missing??? Thanks
-
Annuity Rates - 55 vs 65
Hi all New posting, although I've been lurking for years. Sorry this is probably going to be a daft question. I recently looked at annuity rates here: Annuity Rates: View Best Annuity Rates from the UK Market Specifically looking at: joint life 50%, level, no guarantee£6,332at 55 and £7,228 at 65. If I took an annuity now…
-
Late father's DB pension.
My father recently passed at 71. Among his paperwork we found several letters relating to a final salary scheme he was enrolled into in 1978. They repeatedly offered him £4,500 a year but due to his poor mental health he ignored them and didn't do anything with them. I've just heard back from the scheme and they have said…
-
Defined Benefit Pension Transfer / Insistent Client Advice.
Hi, I hope everyone is Ok. This is my first post and I’ll be very grateful for any advice or help with my questions as regards my defined benefit pension transfer and the insistent client process. As background I’ve got a defined benefits ( final salary / work ) pension with my old company that I paid into for only a…
-
Employer will be moving from Scottish Widows to Royal London Pension
Hi all, As the title suggests, my employer is moving our workplace pension from Scottish Widows (SW) to Royal London (RL). We’ve been given two options: * Leave our existing pension pot with SW, with all future contributions going into a new pot with RL; or * Transfer everything to RL, meaning our current SW investments…
-
Pension flex - thoughts please
Hello - newbie here, very confused and a feeling bit silly as I feel I should be able to get my head around this! I'm approaching my 63rd birthday, and have been a USS member since the early 2000s, at which point I transferred in around 15 years' worth from SAUL. While I expect to fully retire around age 65-66, at this…
-
CS pension - when to take Classic/Alpha
Quick question on normal retirement outside of VR, regarding taking Classic at NPA 60 with Classic in remedy (+ standard lump sum), and deferring Alpha/added pension to NPA / SPA 67 (with Alpha in remedy - assuming Alpha in remedy is the only remedy option anyway when taken at 67). All other things equal like lifestyle…
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
Today at 3:04PM
