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Standard Life Pension
Anyone any ideas on best investments for a standard life pension in drawdown? Don’t really want to transfer as it’s free to enter drawdown and charges are discounted (as it’s a group pension). Not one for taking significant risks.
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Salary sacrifice and carry forward
I appreciate I have asked a similar question previously but I just want to sanity check something. (these numbers are rounded for ease) salary £105,000 employer contributions £6,000 i am via salary sacrifice paying in £57,000 pa (54%) so with employer contributions I am at £63,000 pa so taxable income is £48,000 Am I…
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CMC SIPP / ISA cashback ?
HI, Has anyone received their cashback from the last offer? Was meant to be paid by today, but nothing for me yet Thanks
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Looking for some AVC & Pension advice
Hi everybody, For context, I am a 28 year old "community waste operative" for my local council & have been in the position for 2 years now. Currently, due to my salary, my contribution towards my LGPS is set to 5.5%. I am in a stable enough financial position to increase my pension contribution and following contact with…
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Help with Beneficiary Drawdown Option
Hi, I have just been informed, yesterday by Standard Life Bereavements, that I am to receive 50% (my sister the other 50%) of my deceased dad's SIPP. It has been offered with a choice of either a lump sum, a drawdown, an annuity or to transfer it to an existing pension pot. Im a bit confused as I cant find any information…
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SW charges and discounts - is this good value?
As part of generally getting my stuff together in financial matters, I've finally got around to looking at my various work pensions - in particular charges and whether they're good value. I was lucky that in my feckless younger days I was signed up to the (Scottish Widows) company pension, assigned to a middle-of-the-road…
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Lump sum pension
Retirement is 1st January 2026 Should I take a tax free lump sum out of my private pension please Thamks
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I'm embarrassed that I can't work this out - any help gratefully received.
Me again. I'm so ashamed at my lack of mathematical skill and my lack of understanding. This is just mortifying. But I am still struggling with pensions. My husband earns £84,500 a year. We want to maximise the 40% tax relief he would get on his pension by paying the 'extra' allowance into a SIPP each year. He has a…
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HSBC Global Strategy Vs Vanguard LifeStrategy
Hi all, Looking at going DIY so just starting to look at mixed asset funds, I want to dump the cash into a small number of funds that have a decent mix of sectors and countries. So far I've come across the Vanguard LifeStrategy and HSBC Global Strategy funds, I'll be checking them out on trustnet but just wondering what…
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Civil Service pension scheme - Alpha Vs Partnership
Hello, I will shortly be needing to choose between the Alpha or Partnership scheme when I start employment with the Civil Service. I know next to nothing about pensions. A bit of background, I'm 54 and until recently I was an expat having spent most of my working life overseas. No pension provision here in the U.K. at all,…
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Trying to understand pension changes and feeling out of my depth
Hello all. I've just been notified by my company pension provider, L&G, that they are going to change the fund my pension is in.It's currently in L&G PMC Multi-Asset 3, and they have notified me that they plan to change it to the L&G PMC 2030 - 2035 Target Date 3. They have not explained why, other than a very generic 'we…
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Trying to calculate equal retirement contributions?
Before OH went working for the NHS we contributed to our retirement plans equally. We earned roughly the same each month. I actually earned a few £100 more in the pocket by the end of the month due to doing a hell of a lot more hours but it was roughly the same & so we put in the same - SIPP L-ISA Workplace pension - both…
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Voluntary 3 NI contributions from abroad and European pension aggregation
Hey all I'm sure I've probably totally misunderstood how aggregation works but if anyone in the know could advise on my hypothetical future situation I'd really appreciate it! I am projected to have full 35 UK years through paying voluntary NI contributions from abroad , but 8 or 9 of these will be non-overlapping years at…
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Civil service pension sharing order
Hi all. I am an ex civil servant, subject to a Pension Sharing Order in favour of my ex wife. My scheme is 'Classic' and it was in 2005. I have just reached 60. My ex wife is 55. Will she receive the allocated pension credit now, same as me, or will she have to wait until she is 60 also? The civil service won't give me any…
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LGPS AVC Annuity
Hi, If I want to buy an Annuity with my AVC pot. Do I have to notify Pru? Or would it be done by the new provider? How does it work? Is it a long winded process? thanks
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Pension recycling rules
I received the following tfls this tax year From dc 35k From DB 6.5k and 15K I stopped working and stopped contributing to any pension 5years ago If i open a sipp and contribute 2.88k/pa will i fall foul of recycling rules? Thank you
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Prudential AVC fund options
I’ve been building a Prudential AVC plan alongside
my LGPS, with the intention to take the maximum TFLS when I commence drawing
the LGPS and use the rest to buy additional LGPS pension. The fund value is currently £156k and I’m
continuing to add £2k a month to it. It’s
currently invested as follows: £93k
in global…
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Anyone know if these pension providers support in specie transfers?
My wife is consolidating a few workplace pensions into a SIPP with II, and has gone through the lengthy process of getting through to the existing providers by phone to request discharge forms. Now II have asked her to confirm whether each of the providers supports in specie transfers of the funds held (which was the type…
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NHS pension query - effect of reducing houra
Hi, Asking on behalf of a friend. She has worked full time as a nurse in the NHS since 1986 and is a member if the NHS Pension Scheme. She is considering reducing her working hours and is interested in how such a move would edict her pension? Are the 1995/2008 Scheme and the 2015 Scheme considered as separate schemes?…
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FA advice
Hi all...Newbie here so please be kind.. I have recently retired and I am looking to start taking my DC pension. My partner retired last year. My partner is in receipt of a DB pension of just over £16k pa and received a lump sum of £50000 which he has got in ISA's. Lump sum was part of the pension (civil service). Our…
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Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
