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Small pots £10k rules - the latest mse email
Just read the latest email email explaining pensions. Read the low incomes tax reform group website too. What's to stop someone who is age 55, working and in the 20% tax band from starting a small pension say £6000, getting 25% tax relief making it £7,500 Then cashing it in. Getting 25% tax free £1875 and paying 20% tax on…
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Pension to savings ratio
I'm hopefully thinking of retiring in 2-3 yrs time. Will be around 65 at that time. For a years, I've been able to both save in Isa's & contribute to my pension (sipp) Self employed sole trader, if it helps. Lower rate tax payer. I'm a bit unsure which to contribute to more. Atm I have around 130k in pension & 110k in…
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Vanguard Funds' withdrawal allocation.
I have an UNcrystallised SIPP with Vanguard, worth £90k. It comprises £64k in FTSE Dev World ex UK & £26k in VLS60. For the first time, I have requested to crystallise £20k of VLS60 in order to take £5k as a TFLS. This would leave VLS60 with £6k uncrystallised & £15k in drawdown, or so I was led to believe. Vanguard sent…
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Advice for Aviva Pension
Hi, I have an Avival Personal Pension Plan that I've had since 1989 so it's the old style plan with limited retiremnet options. I'm 64 and my pot is around £140000 so not that great and would give a low annuity. I'm interested in drawdown as I work for myself and am happy to contunue working part time. Any advice on…
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sense check my plan?
hopefully this kind of thing is ok. I’ll try and keep it specific - any questions I’ll do my best to answer. I’m at the point where I’ve refined as much as I think is reasonable without going around in circles. Potentially willing to do a paid IFA pass but that is around 2-3k so might wait until closer to retirement date…
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Deferred DB Pension
I am being made redundant (statutory) on 31st May after 36 years service. I have a deferred DB pension (2011) and another pension with a pot of £60,000. Both pensions can be accessed in August this year when I am 63. I have poor health and no financial dependents, 1 adult daughter, and I am divorced (ex is deceased). I…
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Where do I start?
So I've never worried about my retirement savings or pensions - I've been paying into a Civil Service pension for over 20 years and thought that would be all I needed to do. Then I was widowed a couple of years ago and now my financial situation has changed a fair bit. I've covered off the big things: Mortgage is paid, no…
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Missing NHS pension.from the year 2000.
I was a nurse at a london hospital. I worked there for two years and I joined the NHS superannuation scheme in 1999 ish. Fast forward to today and I am trying to locate my NHS pension. I contacted the NHS pension tracking system in Newcastle and they said, they have NO RECORD of me being in the scheme, even though I showed…
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Fixed Term Annuity Tax Question
I am planning to purchase a fixed term annuity and want to understand if there is any difference in tax treatment between, for example, an annual income of £30,000 for 10 years followed by a maturity value of £30,000 OR an annual income of £30,0000 over 11 years? I am not quite sure of the correct terminology for that…
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Transfer of NHS pension to LGPS
I would greatly appreciate advice regarding my pension arrangements due to a pending change in employment. Approximately six years ago, I transferred my Local Government Pension Scheme (LGPS) benefits into the NHS Pension Scheme when I took up a position within the NHS. The transfer value at that time was £110,000. My…
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Defined benefit pension 1987-1995 GMP element
I have this modest pension I’ve been getting for 3 years now. I recently found an old “deferred pension certificate” that I think suggests I should be getting a larger payout than I am (by about 30%). I cannot pretend I properly understand it and have requested details of calculations from the provider, which I now have.…
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work pension
my work pension originally was to complete on 7th may 2026 i rang them in april to extend it to 7th may 2027 which was agreed upon they have sent me the deferral letter which says 7th may 2035 i will be 74 and possibly dead by then any advice on would be appreciated its with aviva
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Income tax when inheriting pension
Hi, new here so hope I’ve posted in right category. My mom sadly passed away aged 65 (under the 75 threshold) the pension company are ready to release the funds but have strongly advised seeking financial advice before taking it as a lump sum due to income tax. However financial advice seems to be pricey. After hours of…
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National Insurance and Not working
Hi if I have paid up my NI (to date) I mean no shortfalls to the present day and I decided not to work again ever and not taking any benefits, and my official retirement date is not for another 9 years, my question is will I still have a full paid up NI or will I have 9 years shortfall? Thanks in advance
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I Used ChatGPT to Predict the Inflation Rate
I saw the government's prediction for future inflation rates today: which I found to be laughable. It seems that wherever it is now, they think it will head rapidly to 2% then stay there. I asked ChatGPT to take the same graph and make a prediction. Here is the result: Slightly different… Though perhaps even more unlikely…
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IHT on Pension Pots after April 2027
What are the implications for Inheritance Tax of leaving part of your pension pot(s) to someone other than your spouse or civil partner? For example: A married man or woman has a £400K pension pot and dies before their partner. As I understand it, if the entire pot was left to their spouse, IHT would automatically transfer…
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sovereign wealth funds
There is always lots of talk about the success of the Norway sovereign wealth fund. Could the UK government start one with the view to reducing national debt or starting to cover the rising state pension costs? Or have we missed the boat?
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Ex-Employer Fails to Pay Contributions
My ex employer has failed to transfer mine & my ex colleagues pension contributions to the Pension provider since December 2025. I know the pension company has reported him to the Pension Regulator. Is this theft? I can’t possibly be the only person this has happened to. What action can I take against him?
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Index linked gilts and index linked annuities: are you moving money into them, yea or nay?
There has been a dramatic switch around in the real redemption yields on index-linked gilts recently (see my chart at end of post). The return above inflation available for an index-linked gilt bought today if held to maturity is for example around 1.5%pa for the 2048 maturity, compared with around minus 2.5%pa back in…
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Pension or ISA
We are able to put more money into out private pension pot monthly. Is it better to put into the pension or ISA? Planning to retire in next 5 years.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: NI years are now full, existing OAP, when should I expect my monthly payments to reflect this? by Dazed_and_C0nfused
22 May at 1:38PM
