Pensions, annuities & retirement planning

Hi I have a practical question regarding reinvesting tax relief back into my SIPP. Grateful for any help, as I can't find the answer elsewhere on-line. Apologies in advance if this has already been answered elsewhere. My situation is this: I am a higher-rate (40%) tax payer who contributes regularly into a SIPP. Via my…

Hi there, I am a bit in the unknown about all things pensions and looking for some pointers and help. From a previous employer I have a pension pot with ca 45k in it just now. It's not invested, just a cash pot. Every year the pot is increasing by inflation, up to a maximum of 5% so unless inflation sits above 5% spending…

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I have a deferred defined benefit scheme (final salary) which I have been receiving annual retirement quotations from on retirement income. So that I can plan my retirement accordingly. I have noticed that over the past 8 years, the value of my 25% tax free lump sum plus income, and 100% income option has gone up and down…

For attention of anyone with an Aegon pension plan I have today received notice from Aegon that, from June 2020, Aegon took more than the 1% charge my plan was meant to be billed at every year. I do not know if this is a problem specific to my account, or everyone with the same plan. (I don't recall doing anything around…

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Hi, I have recently given up work at 55 and will start taking my DB pension from April 26. This will provide some of my monthly income and I will then need to top up from savings (this includes my TFLS from the DB pension) or one of 2 DC pensions I have. These have not yet been touched. The DB pension will not use all of…

Hi. On the back of the Martin Lewis Money Show, I helped my 82 year old Mum, who is being treated for multiple myeloma, to apply for missing HRP in July 2025. Despite a number of calls to HMRC, initially confirming in the first call the application had been received (albeit she received an auto email confirming this) and,…

Me and the missus are retiring in two years time aged 57. She will have an index linked DB pension paying £20k gross. I hope to have my DC pension up to approx. £300k and we will have "cash" (ISA etc.) savings of approx £150k. We also have a rental house in my name and a house in her name (its actually 2 houses each which…

Hello I see there's a few USS queries on here but none addressing my concern - which is what happens to the Investment Builder pot when you die? From what I can work out, it's not directly inheritable - which is surely a big downside of keeping funds in there after you've retired? My situation is that I have (been) retired…

I sincerely hope that this is the correct forum, if not please let me know and will move it. My son received a payment from the CICA and a part of this is in a Discretionary trust which was an insistance from the authority. My son is now 41 and his award was made in 2021 following the incident in 2009 when he was 25. There…

My daughter is 24 and in her first year as a qualified teacher. I don't know much about student loans, but they are in the news much more. She is not thinking about her pension at her young age, but I believe she earns around £35k. Would someone earning £35k be paying off a student loan and would it make sense to increase…

Just added a new thread onto the Savings & Investments board ( https://forums.moneysavingexpert.com/categories/savings-investments ) about changes to the HL fee structure. And so just in case anyone has a HL SIPP and doesn't visit that board then I thought I should post here too to as there are quite a few changes and I've…

Hi guys, long time lurker here, looking for suggestions on how best to play my money in retirement. There's not much to play with to be honest but I am going to retire this year that's a definite. I'm 66 in July, full state pension due November 30th, currently working three days a week (I just dropped down from 4 days a…

Am considering going down the Fixed Term Annuities route when i retire - likely 3, with terms of 5, 15 and 25 years. Does any one have any knowledge of how far in advance i can secure the annuities? Using Money Helper website calculator the rates/figures look quite favourable at the moment, so locking in a decent rate…

I have been drawing on a DB whilst still in work so have been paying 40% tax. I am now about to retire and will not be in the 40% tax bracket anymore. Do I need to inform my DB provider or will it all work out in the end?

Morning All My company have a Lifesight managed pension scheme provider. I pay in 8% of my salary and the company match with 12.5% I earn £57300 and I'm slightly confused on the 40% tax sketch. If I increase my contributions to take my salary down to basic rate at £50270 will I benefit by not paying tax at Higher rate? 

Question for those with Interactive Investor who might be using the regular drawdown function. Does it work like a payroll - do I get to specify a particular day of the month which the payment will be made, and this specifies the tax date and the date it will hit my account? So for example, if I initiate a regular drawdown…

does a deferred member of a Defined Benefits pension scheme usually have rights to a statement/ongoing statements during this stage? Before a 2023 Buy In was secured, the scheme Trustee/Administrators provided Tri-ennial statements, with the next one due in 2024. Buy in has not yet reached full Buy out status (taking a bit…

I am in this position. I took partial retirement in March 2025, to get my lump sum for home improvement's to enable my husband to come home from the hospice, he unfortunately didn't make it. This seems so unfair. I haven't had a break in service 35 yrs in total I reduced my hours by the required 10%. I worked 37.5 hrs one…