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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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Advice on Drawdown (currently Vanguard) please
Hello I took VR last summer, so am now retired. In the new tax year I intend to start drawing on my main DC fund with Vanguard. I don't want to take the 25% tax free lump sum yet (though may do so for all, or most of my DC pots at some point) Looking at the vanguard website the option for regular payment is "Flexible…
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USS Tax Free Income Builder and Investment Builder Lump Sum
I am so confused as being able to do the above sounds too good to be true and why would you not? I asked USS and they confirmed this was possible but today I spoke to PensionWise who thought it is unlikely to be the case and only 25% of Investment Builder would be tax free. USS website says : 'If you take your Retirement…
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Who's at fault?
This is in relation to an NHS pension. I started working late 1980s but didn't contribute to NHS pension. I had a private pension which was 'sold' and purchased some years of NHS pension. The date this was meant to take me to was Jan 1992. I have correspondence from NHS pensions quoting that date but they now say that the…
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Taking pension, continue to work.
Hi, Hopefully someone can help, I will be 60 in June & plan on taking my DB pension & continue to work for 1-2 more years. My pension will be approximately 60k lump sum & £800 per month. I earn approximately 45k per year,so pay a higher rate of tax (Scotland) My question is would I be better to pay £800 per month into my…
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Crystallised / Non Crystallised help
Hi all. Im taking out an Annuity, using some of the funds from my SIIP with Interactive Investor. I cant get my head round how Interactive work out what is my crystall/ non-crystall pots in my SIIP. With Hargreaves you see online the exact split of value and what funds are in the 2 pots. My plan is to use everything in my…
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Defined benefits pension
I have a defined benefits pension from a previous job. I can now take that pension without penalty as I am over 60. I am happy in my current job and have no pans to retire. My DB pension is £21k pa or £100k tax free and £16k pa. I am not sure whether to take the pension or not as I am still working, although it seems silly…
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Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
