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Accruing DB - other supporting options?
Hi, My partner and I are in our mid 30s. As of April, we'll have jointly accrued just under £30k DB pa, all linked to SPA (Alpha). Going forward we'll be jointly accruing just over £3k pa, all else equal. Our minimum retirement target is the NMPA, though we'd like to achieve FI earlier to create more options. Looking…
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Equity Release for Centenarians!
I’m hoping to find someone who can advise, preferably from experience rather than theory. My mother lis 100 years old, and living in her mortgage-free bungalow with the help of live-in care, following a couple of falls and hospitalisations last year. She is generally healthy and happy with her situation. My brother and I…
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Cash in or not
I have 4 pensions. I can access my state pension in Nov 2026. I am considering taking the tax free lump sums from 2 of my pensions to help pay for an extension to our property. My thoughts are that this a better idea than getting a loan to pay for the extension. Am I correct?
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Etfs or tracker funds in a sipp
Hi I am 60, with 3 global tracker funds in a sipp, I hope to start drawdown at 63 but will continue working part time. I have 3 global equities but keep reading about etfs. I can't say I really understand the difference, but read I should use them instead. Can anyone help me understand and decide? FYI I have 60% in…
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Monthly ufpls
When I start taking my pension I would prefer to take it via a monthly ufpls. I'm currently with h&l but looking to move to ii before I starting taking pension. I've got a couple of questions, I looked on the ii website but couldn't find any answers so hopefully I may get some help here. Does ii provide an automated…
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Tiny income - how much to pay into SIPP?
I am a sole trader. I have been off work for nearly 6 months. I intend to return; I'm just not sure when. My turnover for this tax year is very low (£6500 approx) as I was already slowing down my hours before I stopped. When I subtract expenses I am left with approximately £400. My question is this: do I only pay the £320…
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Reduce hours... how much or not at all?
Hi folks, So here's my current situation: 31 years old living in Edinburgh (single), income of £38000 (full time associate scientist), I have a £240000 okay-ish flat owned outright (Edinburgh), £141000 in my shares ISA, £133000 in a high interest online saver ) and contribute 16% of my salary to my pension. I have no debts…
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SIPP drawdown sense check and how do I sort out tax owed?
I'm currently drawing DB pension and when I receive SP in 28/29 I will become HR taxpayer. I currently have approx £150k in a SIPP and in view of the IHT tax changes coming in the future my thoughts are to draw down £50k in this tax year and the next 2 - I currently have c£100k in the SIPP in cash like funds. I can get a…
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Switching from Hargreaves Lansdown due to new charges
I currently have a SIPP with HL worth less than £100K however am concerned around the new charges particularly the fund switching fees of £1.95 per trade which feels v high. Have other readers switched to other platforms. If so what ones did you switch too and are there services and charges better?
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Company Pension for Partner
Hi, My other half passed away not long ago. She worked for a well-known British high street company for 35 years and had a very good pension with them. We both took early retirement. My own pension is a SIPP and ISA, and I took the 25% tax free lump sum and also cashed in some of the ISA when needed for large expenditure…
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Stick or twist
An unfair question perhaps but opinion welcome. Both my SIPPs are either (relatively) low risk global/S&P/Far East/Europe trackers, else a few single equities - Shell, Babcock, Brit. Aerospace, and star performer BGEO/Lion Finance. They have all done pretty well and continue to do so. The latter amazingly so. I am now at…
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Thinking of leaving SJP. Where do people take their funds?
I'm thinking of leaving next year when the lock-in period and penalties for transferring end. Where do people take their funds following such a decision? What are the sensible options to consider? Many thanks in advance.
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car purchasing in retirement
looking at info on what others are doing/plan to do regarding funding car replacement during retirement. We’ll likely drop to one car next year which will need both to be sold as her’s is too small and mine is too big for the other to drive :) so how to finance. logically we should estimate how long we keep cars for and…
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Tax Refund Query
I took an additional lunp sum out of my main pension (which I take a monthly payment from) in December 2025 which triggered a large tax charge. I submitted a P55 and have now got a new cumulative code for this pension. The HMRC letter said any adjustments would be via PAYE. However I now have only 2 months left in the tax…
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NI contributions for early retiree
I'm due to retire at 59 and have fully paid up NI and due full state pension when I get to that age. I know I don't pay NI on my personal pension but do I have to register anywhere for NI credits
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Pension fund first or SIPP
I may well be retiring this year at the age of 64 1/2. I can claim my West Yorkshire Pension Fund, or leave it for a year or so? I also have shares invested in a SIPP, so which to claim first? Whenever I claim the WYPF, it will always increase with CPI, where as the SIPP invested in shares, will generally increase more…
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A few numpty pension questions.
A few numpty pension questions. OK some back ground ,I have a DC pension with Zurich that is around 35 years old. Being an old school pension, it is very inflexible. It does not do draw down and I have to take it by my 75th birthday which is only a few years away. As far as I can see, the current pension does not have any…
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Teacher's Pensions Transitional Protection Payment
Hello, I was just wondering if there was anyone here who has retired from teaching and have received their transitional protection payment. I returned my form nearly 6 months ago and have contacted TP asking if they were still on track to make the payments within the 6 month window they had allowed themselves. I have sent…
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Fine tuning pension options to avoid HRT
My plan has always been to have around £36,000- 39,000 a year after tax in today’s money. Given that, and that a chunk of my income was monthly drawdown with 25% tax free I thought I was well under higher rate tax and didn’t pay it a lot of attention. However, I have decided to take an annuity with half my DC pot, in…
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How much State pension will I receive?
Hi, this financial year 2025 to 2026 is my first year received the state pension, so I’m trying to work out how much I will actually receive. If it matters my birthday is on the 6th of April, so in March last year I received a letter saying that I would receive a payment of.£922.02 on 1st May 2025 and then £1,000.16 every…
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737 discussions
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Most recent: Gaps in National insurance contributions by molerat
12 March at 10:53PM
