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paperless retirement admin
Hi Trying to help my dad out, he has been getting letters asking him to log onto a new pension site to check and confirm his details. He is 89, has no interest or access in Internet. he claims to not have any account on their system. He has a db pension that's recently changed administrators. I sent an email to trustees…
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Are FA worth the money?
I have 2500k to invest and the FA (not even an IFA wants £2500) I am getting fed up with the run around and thinking of bunging it all in high interest accounts or bonds, which at the moment seems about a similar return, however can they really get me more? Is managing money that hard I need a FA? Could I do it myself? I…
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Buy Added Alpha Pension or ISA/Stocks and Shares
I'm 52. Civil Servant. Currently accrued 12 Yrs in Classic Pension and 3 years in Alpha (affected by Remedy/McLeod). I'm hoping to retire at 60 but not sure it's affordable. I can manage to save extra £800-£1000/month to enable me to do this. My question is what option should I choose? Buy added pension (this confuses me),…
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Teachers Pension Scheme - new member options
My son has just started as a teacher and has the option of Buy Out (one off option) to reduce NRD by 1, 2 or 3 years. Example 3 years will cost 2.94% of pensionable earnings £948.15 p.a. The website says the rates you will be required to pay will change throughout your career. Other option is a faster accrual rate (1/55,…
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Reassure
Hello im looking for any advice on the following - My dad died May 2021 last week ( 20/9/25) my elderly mother received a letter titled to the estate of my late father asking for a copy of his death certificate etc myself ( son ) and family knew nothing about the “ annuity policy “ mentioned in the letter so I sent a copy…
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Three spending surprises
JP Morgan published a report on based on the spending habits analysis of ~ 280,000 Chase households. US based, but I thought it was interesting and probably directionally relevant to the UK too. Overall they do not see the much talked about 'spending smile', but see a constant decrease in spending over time (nice graph on…
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Tax on State Pension
Hi, Just highlighting this because I was unaware of it. State Pension is taxed on what you are entitled to receive, not what you actually receive in a tax year. So, you may have underpaid tax in the tax year you start drawing your pension (as my OH had) because of the payment dates. I suppose that, equally, some may have…
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Which S&P500 tracker
Within ii there’s the Vanguard S&P500 UCITS ETF and the UBS S&P500 Index C in terms of SIPP & Trading accounts is one of these better , what do the different letters in the names mean for the purpose of investing , I can google the terms but pretty meaningless still when would you choose one verses the other ? thanks
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Looking for an online-only pension
I'm really tired of dealing with my pension company over the phone, as it costs a bomb, takes for ever, has no paper trail and is horribly inefficient (the last thing I did with them took 3 months to sort out, for example). Does anyone know of any online-only providers I can move to? In the genre of Starling/Monzo banks,…
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LGPS AVC 25% TFLS calculation
Hi, A couple of questions if anyone can help: 1) I’m wondering if there’s a set calculation/multiplier for the overall value of the LGPS DB pot? Or does it value from scheme to scheme? 2) Secondly, I (42m) am heavily contributing to AVC’s at the moment but plan to scale back in a few years. If all goes to plan, my AVC pot…
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Addition of health details for Annuity triggers Underwriter referral
Was doing quite well with getting annuity quotes but today SW wanted to speak to wife about her health history (my pension, but joint life annuity being quoted for)... So rather than come back with quotes as in the last few days, I'm told it's being referred to underwriting. Now I always thought annuities to be the inverse…
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DOB on Prudential LGPS Pension and AVC incorrect by 10 years
I recently discovered when trying to log in to my Prudential LGPS Pension and AVC that my HR department gave them my DOB ??/??/1991 instead of ??/??/1981. Does this mean, if this isn't rectified by my employer and I stay working with them I will be able to access my Pension and AVC 10 years early or will there be…
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move my pension to get drawn down ?
Hi All, Question any good ideas were i can move this to Details below My current provider only option is to move the whole thing in
or leave the whole thing out. My goal is to move the pension approx £50k and do a tax free drawdown of 25% leaving the remainer in. the pension is a personal penion [ defined
contribution]…
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Lane Clark & Peacock - Comments / Thoughts?
Hi.... Just posting to see if the more pension worldly wise people out there have any experience of the above? Was just logging into the Capita portal to re-run some quotes and there is a notice that as from 1 October 2025 my DB scheme administration will be transferring to Lane Clark & Peacock. I am considering taking my…
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Early retirement
Hi all! Hoping you may give me some ideas on whether it's worth taking some (a small lump sum) of my pension at 55 to clear a few debts (and save on interest) and then invest the sum into an investment. My teacher's pension is not going to earn anything sitting there as it ended a few years ago when I went self-employed.…
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Removing Financial Adviser From SIPP
I used a Financial Adviser (FA) to set up a SIPP. I've no intention of adding to it, nor taking any income from it for the next 5 to 10 years. I've been disappointed with the FA follow on service with no contact for nearly 2 years despite a contract promising an annual review. They charge 0.75% per year and I'm therefore…
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Can you salary sacrifice from my pension pot
I take a monthly payment from my pension just like a salary and pay a higher rate of tax on that money just like a salary. Can I by a car on a salary sacrifice scheme to buy a car from my pension payment? - just like a salary?
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Money Purchase Annual Allowance
Hi, I have triggered the MPAA due to taking a small DC pension in full. This now means that my tax relief allowance p.a. goes down from £60K to £10K. This seems a massive drop off, is it likely to be increased anytime? As I will have to pay tax over the £10K, is it worth saving less into the pension to mitigate the tax &…
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Use my personal allowance or not?
I have two big invested funds, a SIPP with around £860 k in , and a GIA account containing around £240k, which was made up from tax free cash released from my SIPP and some added inheritance.It also has Stocks and shares ISA's contained within. My withdrawals so far have been free of any income tax (as tax was already paid…
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Purchased Annuity v SIPP
I am looking to use £100,000 inheritance for retirement and was looking at Purchased life annuities. However, I am totally confused as I was told I need to pay for a financial advisor before I can even look at buying one. Are these worth it as I understand you are guaranteed income for the rest of your life? I have also…
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