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45,000 open pension / pay off mortgage / or money in cash ISA?
I'm self-employed (since 2012), 56 years old and have £31,000 left on my mortgage (approx £671/month until May 2030). I've been paying £200/month into a savings account since I went freelance and realise I'm probably missing out on tax breaks and better interest by doing so. I've accumulated £45,000 (I started off with…
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UK Government Bonds on Fidelity
I'm (hopefully) within 2 years of retirement, so looking to de-risk, and government bonds are an option I'm considering. I have a SIPP with Fidelity, but can't find gilts on their platform (google search hasn't helped) Does anyone know if Fidelity supports gilts? How to find them? Thanks
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Civil Service Pensions scandal: Loans offered as thousands hit by outrageous payment delays
Thousands of newly-retired civil servants forced into financial hardship as a result of outrageous delays receiving their pensions have only now been offered loans to bridge the gap – a move deemed "too little, too late" by some. Many impacted say they've been struggling to pay bills for MONTHS following what's been…
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State Pension -HMRC system update on 13 Feb
Morning all checking my wife state pension forecast and it shows the below - You can get your State Pension on xxx 2034 Your forecast is £230.25 a week, £1,001.18 a month, £12,014.12 a year Your forecast is not a guarantee and is based on the current law is based on your National Insurance record up to 5 April 2025 does…
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Work pension acceptance for under 22 year olds
After reading the related articles on workplace pensions for the under 22s, I am wondering if there is any legal legislation or document I could refer my employer to? We have some apprentices who are under the age of 22, been employed for over a year and earning well above the minimum earnings for acceptance. The company…
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Royal London GPP - Entire pension re-invested into higher risk fund without consutation.
Hi all. Quite a long post, so please bear with me (I also have to spread this over multiple posts as I only seem to be able to add one image per post.! Before giving Royal London a call (which I don't feel hopeful about getting a sensible answer out of), I was wondering if some of the pension experts on here can explain to…
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Stop Pension Companies Delaying Retirement Payments
Every year, people across the UK reach retirement age expecting to receive the pension money they’ve spent decades saving. Too many are instead met with long delays, missed payment dates, and silence from pension providers. Once all required checks and paperwork are completed, there should be no justification for holding…
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Purchase immediate needs annuity for care home fees?
Good afternoon all. I am looking for a quotation for an immediate needs annuity for my father's care home fees. It seems you can only purchase one through a financial adviser. There's only four insurance companies that write these policies. The fees for the adviser arranging an annuity are 4% of the policy premium. It…
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Are our basic thoughts right regarding SIPP of father, who died age 72?
Hi, firstly I want to say that we are going to engage an IFA to assist mum with the entirety of Dad's estate once we are a bit closer to probate being granted, and we have spoken to a couple over the phone, but both IFAs suggested waiting a bit longer to have a sit down discussion so we have a more concrete idea of her…
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USS - General discussion
I am taking early retirement ( 55) from USS and will have a DB annual pension of £23k and a separate £9k pa widows pension but my dilemma is I will need an additional £17k pa for the next 4 years to cover short term additional expenditure (supporting children through uni, maintain current standard of living) and I need…
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Hoping to retire early- My plan
I am 49 this year and hoping that wife and I will retire next year once we are both 50 When we retire we would have the following Savings in mixture of shares/ cash / isa - £250,000 we will use some of this till we get to 55(£40k a year) DC Pension Pots totalling- £550,000 which we would take 25% Lump Sum then drawn down…
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West Yorkshire Pension Fund - AVC
AI Overview, Contributing an extra £5,000 to the West Yorkshire Pension Fund (WYPF) as an active member can be beneficial by increasing your retirement income and potentially offering tax relief. You can use Additional Voluntary Contributions (AVCs) for flexibility or Additional Pension Contributions (APCs) to boost your…
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Early Retirement - use savings alone or add brought forward pension?
I'm planning to retire this year, some 6 years before my state pension pays out. I can bridge the gap with savings alone (a recent inheritance) with or without also bringing forward my company Final Salary (Defined Benefit) pension. Bringing forward the Final Salary scheme was suggested by a company pension advisor, who…
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Employer contribution when on Small salary, already maxed pension contributions
I earn a small salary approximately £13000 and already contributed £10000 (net) into my SIPP, maxed out for the last year of working as I'm thinking of retiring. My employer wants to contribute £4000 (net) into my SIPP and I've completed the forms for this to happen. However although I'm not expecting to receive tax relief…
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Working out taxable income from UFPLS withdrawal
I've been fully retired for almost 18 months and have yet to take any withdrawals from my DC SIPP. I don't have any DB pensions and my only income since retirement has come from savings accounts and dividend stocks on Trading 212 (approx £3,200 this tax year). I want to take my first SIPP withdrawal before the end of this…
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Civil Service pension - buying lump sum
Hi there I am 50 and plan to retire at 60 so still a few years off… I have a mix of Alpha and Premium pension that I continue to build up. My statements show the amount that I will get in terms of an annual amount and that I have the option of "selling" some of this to get a lump sum. I don't "need" a lump sum to pay off a…
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Moving DC pension but don’t know where is best
I have an old small DC pension. In 2012 it was £4200 and in 2025 it was less than 8K. It has gone up by £3600 in 13 years. I am going to move it but how do I find out where is best? I have another old DC pension which is doing better so I could move it to there. I am not working because of illness so won’t be contributing…
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Pension to pay IHT
Please advice. In the event that both me and my spouse are gone, am I right that my SIPP pension (as part of my residuary estate from 2027) can be released early from the pension provider in order to pay off the required IHT? How about cash, stocks and shares assets, can they also be released early in order to pay the…
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Pension Scheme Buyout
So have any of you been through a Defined Benifits pension buy out in which your pension has been transferred to an insurance company? If so, when were you informed that this was going to happen? I’ve been up most of the night worrying because my husband’s pension was due this Saturday on his birthday. We found out a week…
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Gilts - pricing
Been looking on Bell at the gilt offerings they have. Quick Q - I am assuming the prices for older gilts issues are all dirty and include the accrued interest?
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