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Inheritance Tax and deceased spouse transfer
my widowed mum recently died leaving an estate of 335k. My dad died back in June 1985 and didn’t use any IHT allowance or capital tax allowance as it was then known. The rate for that year was 67k. Can I transfer the 67k to my late mums 325k so we don’t have to pay any IHT? There doesn’t seem to be a form to do this for…
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Are SIPP's covered for more than 85K?
I am below that amount but am thinking ahead. I am with ii and did Google it and it would appear that if ii fails I would still have all my investments. "Interactive Investor Services Limited is an investment firm and not a bank. Unlike a bank, your assets are never mixed with those of ii – they are kept in legally…
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Pension contributions
My understanding is that you can contribute £2880 into a pension yearly if you have no salary. My salary is approx £2000 per year. Does this mean I am restricted to paying in £2000 a year, or could I pay in £2880
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Missing teachers pension scheme service
I have only just noticed that a teaching fixed term post I did in 2012 is missing from my teachers pension statement. They have advised me to contact the school to try and resolve this but with the head now retired and lots of staff changes I’m sure I will get much help. I know that I haven’t kept payslips or bank…
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Retirement strategy, for comments
A thread I started yesterday about messing with my gilts received
the appropriate ‘how does it fit with your strategy?’ reply, which promoted me
to sketch this retirement plan. I have not used any template, just a blank
sheet of paper, so I am happy for the structure as well as the content being
critiqued as strongly as…
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Adding to old workplace pension and claiming tax relief
I want continue to pay into my old workplace DC plan now that I left the company at end of July. I am still earning a salary and paying PAYE from my old company - but have no longer have the option to add anything to my old workplace pension (long story). I have already made contributions this FY via normal company salary…
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Care home - how do we best look after my dad please?
Hi, we're after some advice on what to do here please. So very confused. My 79yo dad has severe dementia and after a fall a month ago has significantly reduced coordination in his left hand and left foot. He's been in hospital since and is moving to a retirement home on Monday. It's for at least 6 weeks while we see how…
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New starter to Civil service pension
Having just spent a few years in the Local Government pension scheme and tackling making AVC’s I’m about to move to a civil service post and could do with some help around what my options are within the scheme as I’ve not been able to find much information. Thanks for any help.
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Pension contributions in retirement
Hi, I took early retirement 15 months ago, using a Prudential flexi access drawdown scheme. I withdraw taxable income upto my tax threshold so I dont pay tax, and top this up with tax free income to give me enough to live on. I think this has triggered the MPAA, limiting the amount I can contibute back into my pension. I…
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Nest or Now?
Hello! I would like to continue with my pension as a self employed but got two different pensions already created from my previous jobs: Nest & Now. Would like to unify them and just keep one. Any advice of which one is better or the best way to do this? Thanks in adavance.
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Have we reached peak annuity rates?
Now that the higher interest rate medicine appears to be working and gilt yields are slightly down, does it look as though annuity rates have peaked for now? OH had a surprisingly good annuity estimate from Legal and General via moneyhelper, but when he went to the L&G website he got a slightly lower estimate using the…
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Merged: Inherited Drawdown Pension
This discussion has been merged.
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Best provider for inherited pension
Am able to transfer my late husband's pension (approx £110k) Options given to me by the current provider are 1. Take all as cash 2. Buy a guaranteed income 3. Transfer to another provider 4. Take a flexible income As he was under 75, I receive it tax free. I am 44. Provider is L&G atm. No idea what the current fees are.…
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How do they know
It may have been asked before but I cannot find it. The Winter fuel payment has been reinstated to those pensioners whose income is below £35000 per annum. My question is How do the government know your income? Do they have access to your bank account?
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HL verses Moneyhelper annuity quotes/checker question/view.
I have been playing for hours on HL (Hargreaves Landsdown) & Moneyhelper.co.uk trying to find a sweet spot between all the various input settings and indexs on annuities. I'm pretty fixed it will be a life policy and won't be a level annuity. I'm 90% sure it will be RPI or LPI as opposed to gambling on a fixed % index, I…
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Newbie - Pensions/ISAs and SJP
Hi, I've had an initial introduction to St James Place regarding tax free savings, pensions and ISA's. Basically, I need some confidence it's the right way for me to go. I have a Final Salary Pension and discovered the CETV is large. Basically I can manage on savings and ISA's without the pension so I'd be happy to move…
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Protected tax free cash
I had scheme level protected tax free cash of 41% in a pension scheme in 2018 I transferred to a SIPP as a block transfer, all done within the required timescale to preserve the benefit. No further contributions have been made to that SIPP, although it's increased in value by about 35% through growth. I plan to take my…
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Hargreaves Lansdown OEICs factsheets
Has anyone else noticed that certain items of information (inc details of the top 10 shareholdings & detailed geographical breakdown) seems to have been missing from a number of OEIC Factsheets for quite some time now. Perhaps I may be one of the few who makes use of this information on a fairly regular basis.
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Income tax on inherited pensions - MLMS error?
Martin's Money Show talked about how beneficiaries are currently subject to income tax on any pension funds inherited where someone dies after age 75. This led to a discussion about how from 2027 these payments could also be subject to IHT as well (ie double-taxation). Martin then asked whether the age 75 cut-off still…
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Sense check, Accumulation to Deaccumulation
Deleted post
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
715 discussions
6.2K comments
Most recent: Help! HMRC State Pension Topup Callback by SVaz
16 October at 11:48AM
