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CS Added Pension and AVCS
Does anyone have experience of buying both Added Pension and AVCS under the civil service pension scheme? I have been purchasing Added Pension for a few years but a few months ago decided to split my contributions with AVCS. Deductions have been made as instructed. However, I’ve just seen on this link that it seems you can…
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Local Government Pension into NHS?
Hi All We are really struggling to understand what we should do for the best here, my OH worked at a local school and was part of the local government pension scheme (in Wales) and left there to join the NHS We have managed to get the transfer value from the NSH so we have navigated this far, problem is we dont really…
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Anyone with any experience of MP Estate planning?
I've been talking with MP Estate Planning (Bristol) and wonder if anyone has any experience of dealing with them and fundamentally - does their scheme work? They have a fairly active presence on YouTube fronted by Mike Pugh and are offering what appears to be a very attractive scheme - putting your home into trust to avoid…
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Start pension at 55
I'm 55 and have no pension plan, recently received an inheritance of 100K and would like to use this for retirement. Would it be best to keep this as savings or start a pension?
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Query re pension income, salary, SIPP and HMRC
In March 2025 I accessed my 1995 NHS pension of £28k per annum. My salary is £65k. My total income is therefore £93k gross. I am still working and paying into the 2015 NHS pension scheme at a cost of £8,200 per annum. I had planned to make the pension income my first income and have the personal allowance moved to the…
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Advice needed: How to amalgamate pension pots
I'm reasonably financially savvy but pensions is a real blind spot for me. I'm 43 and I have always had a pension since I started work at 21. The past 10 years or so I have always put in more than my employer has matched. Currently I put in 7% and my employer puts in 5%. My pension is split between 4 pots. A tiny one I've…
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No idea what my state pension actually is.
I've been receiving this now for a year. If I tally up the monthly amounts, will the total sum be net or gross? I presume the former?Unbludybeliveably, if I log on to the Gateway, it'll happily show me stuff like the NI record, but will not show the actual annual pension I should be receiving (which should be the full). No…
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How to make NI contributions towards state pension while on low income?
Hi. Does anyone know if it's possible to make NI contributions (towards state pension) when you are employed but on an income lower than the tax allowance? I'm not eligible for any benefits. Thanks
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Anyone in high equity allocation whilst retired?
^^^? Wondered if anyone who is retired maybe had a large equity allocation - 80% plus in a global tracker- whilst protected by a cash buffer MM fund in the event of a crash? I am retiring next March at 58 and would describe myself as moderately adventurous sort of person without being reckless and I am aware of risks. Half…
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STATE PENSION - NATIONAL INSURANCE CONTRACTED OUT AMOUNT/CONTRIBUTIONS
I have recently retired an was expecting a full State pension. I was not aware the "contracting out" would affect my pension amount, which as led to my State pension being about £10 per week lower than the normal full pension amount. I know that 35 years of full "National Insurance" are required for a full pension. I have…
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DB Transfer Value
I requested a statement of my DB pension at 55 in 2022. I left the company in 2001. When i received the statement transfer value of benefit at that time was approx. 63k. The company gave us free advice, and after a very long conversation with the advisor, he recommended that i do not transfer my benefits away from the plan…
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Lump sum additional contribution
We have recently downsized and one of the options under consideration is an additional contribution to my private pension as I approach my last few working years. i understand the £60 rule and also how the carry over works for up to 3 years. My workplace pension is salary sacrifice so does that mean I am not eligible for…
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Adding a year to the state pension
I am currently self employed and was planning to cease trading next year but I will be 3 years short of the full pension contributions. I am not due to receive the state pension until 2034. Is there any way that I can contribute to make up the required years?
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Civil Service pension - help!
I'm a working Civil Servant and have been in the Civil Service for 32 years. I'm aged 55 and would like to consider partial retirement. I'm divorced and have no children. I believe I will receive a refund of some of my Widows Pension Scheme (WPS) when I retire fully. My question is, how will the refund affect me…
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Pension contributions in my pot don't match what is taken from my salary
Hi For the past 6 months the amount going into my pension is less that what has been taken from my salary. I asked for my contributions to be increased 6 months ago and also for my bonus (bonus sacrifice) to go in my pension pot. I check my pension every month and the bonus has not gone in at all and the increase has gone…
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FULL PENSION V LUMP SUM & REDUCED PENSION
I am looking for some guidance. I am 56 and wishing to retire possibly next year and have been offered from my DB pension: either 11.5K per annum or 8.2K per annum and a 54K lump sum ( commutation rate of about 16:1). I also have 175K in a DC works pension which I am still contributing too & an emergency fund for 2 years.…
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Chartered Financial Planner??
There's a planned meeting at work regarding our pension scheme (Nest) and pensions in general. I have asked if the individual that is being brought in to discuss this is an IFA. I have been told that they do think so. But his title in his email signature is Chartered Financial Planner. Now I would have thought that an IFA…
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Small pots consolidation
I'm aged over 55 and don't intend retiring anytime soon. I have a number of small pension pots from short-term jobs, there are probably 5 in total that have less than 10k each. I was thinking about consolidating into one, just to make the admin a little easier. I have other larger pensions that will remain untouched. I…
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Tips on contacting MyCSP
So I sent a message to MyCSP through their website in December, and followed up again three or four weeks ago. I’ve not received a response so am planning on giving them a ring next week. I am thinking about moving into the partnership scheme and want a definite quote on my Alpha / Premium schemes. I was wondering what the…
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Backdated payment may have been in error; repayment requested
This discussion was created from comments split from: United Friendly Staff Pension/Royal London..
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Help! HMRC State Pension Topup Callback by SVaz
16 October at 11:48AM
