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Pension pot improvement guidance
Hello MoneySaving, I'm a newbie and excited to have joined the forum! If it's permitted I'd like to ask for guidance to improve my husbands pension pot. Recently I've been trying to get our finances, Will's etc in order and finally got to Pensions. My husband's total pot is awful and he didn't increase any company…
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Pension saving BBC article
At first , I found the figures mentioned here hard to believe, especially as there is now auto enrollment. Then realise it's not half of working people not saving into a pension at all, but half of working age people. So, that doesn't mean much, unless I know how many working age people are actually working.…
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Help with HMRC Pension Tax Relief Form
Hello, I’m a higher rate tax payer and my monthly contributions to my workplace pension scheme are made via salary sacrifice. In February I made a one-off additional contribution (part of my bonus) to my workplace pension. I believe I can claim tax relief on this. I do not complete a self assessment and hence using the…
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Transfering a DB pension into Alpha?
I'm starting a civil service position next month and looking for advise on transfering in my DB pension. I see DC transfers have had a lot of coverage here, but not so much on DB. I have nearly 9 years in a DB pension, as of 1/4/25 it's worth 3K per year and an 8.5k lump sum, increases by CPI up to 5%, i'm 47 (Yeah, i…
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Defined Benefit Pension transfer out
Newbie here so please be kind :) I have an old defined benefit pension which i want to transfer out of due to the company experiencing financial difficulties and not paying into the scheme for the last 6 months. I have had a letter from the pension company stating that its looking very likely that things wont improve due…
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Pre 97 additional State Pension
Hi Having just sorted out my mums self assessment bill, I thought I'd look into her state pension entitlement and I'm not sure it's correct! This is the breakdown of how her state pension is made up: Basic State Pension £176.45 Pre 97 additional State Pension £173.55 Less contracted out deduction £38.91 Total Payable…
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General pension advice for a pension virgin(ish)
Hello all, I'm looking for advice on pensions. Consider me a pensions virgin in that I've never really dipped my toe in the water but I'm ready now. I was employed with the civil service for 6 months but recent defra cuts meant my role wasn't extended. I accrued 6 months pension (ca£4.5k) and am approaching the limit to…
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Government Launches Early Review of State Pension Age
Not political. Facts: https://news.sky.com/story/government-to-conduct-early-review-into-state-pension-age-13399571
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Pension Benchmarks
Hi there fellow MSE forumers, I am looking to see how my pensions are performing against industry averages/benchmarks but I'm really struggling to find Benchmarking information. Can anyone tell me where I can find such factual accurate information? (if it helps - I'm risk profile 6/10). Thanks in advance.
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Do I need an IFA for pension advice?
I've got a BT (mostly DB) pension that's due to (unless I stop it) start paying out 20K PA this December (when I'm 60). I'm also still working full time for TfL that has a very good DB scheme. I expect to stay another two years at which time the TfL pension will pay out approx 12K PA. I've got 7K of AVS with BT scheme and…
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Taking the 25% out of pension and choosing the fund it comes from
Hopefully a quick question I were to have £100,000 in a safer SW fund and £100,000 in a more adventurous SW fund (under the same plan) and wanted to take 25% at 55 can i chose where the 25% comes from? i.e. can I take it all from the safe fund (50% of this one) there by leaving the other one untouched or do i have to take…
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How much emergency cash pre-retirement
Hi there, some of your sage advice please. I hope to retire in 3-6yrs. I'm 57 , woman, single. My pension will be around £620k. I have £10k NSI Bond and £44k in Kent Isa which mature in Sept and £12k in Vanguard ISA life strategy 80%. This is my only cash/emergency savings. 3 years to cover monthly expenses in retirement…
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Looking for a good pension calculator
For various years now I have been relying on the Hargreaves Lansdown Pension Calculator, often recommending it to fellow posters, whether they ask for a recommendation or not. Unfortunately I've just noticed that HL in their infinite wisdom have changed their calculator. Not only do you have to answer a series of banal…
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Pension advise
Last year my pension advisor came to my house for his yearly chat and he said that hewill have to put his % commission up from 0.7% to 0.9% because of new government guidelines saying that all his policy holders must be paying the same % Has anyone else been asked to do this ?
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More out of curiosity!!
I was in a Contracted Out Occupational Pension Scheme so recently paid the maximum top ups to my contributions. Find that I'm still about £0.66 short of the maximum. Just a bit odd.
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Pension Sharing Order - Help needed please
Hi, I hope you may be able to give me your thoughts on this situation as, to be honest, I am really unsure if this is correct or not. My ex and I got divorced March 2024 and a PSO was granted by the court for him to share part of his pension with me. The CEV figure on the court paperwork was £646,186 and it states “The…
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Withholding Pension Contributions – 9 Months of Deductions, Incomplete Payments
I’ve been employed with my current employer for 9 months. Since my start date, pension contributions have been deducted from my salary, with employer-matched contributions also due under the Aegon SMART pension scheme. A few months ago, after repeated follow-up, I gained access to my Aegon account. Neither my employer or…
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Future planning
Do I have enough money to see my out? or do I need to get back to work just in case my health needs some support 1- 2 /week to start with and then care home? Plan B? get back to work? I have already started to spend instead of save and spend : Do I need to think about draw down plan as I do not have large size work pension…
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Early retirement plan - does it work?
Age 51, wife 46 Expenses target - 50k net pa, reducing to 40k @ 70, 30k @ 80 House paid for but too big (value 1m) Two full state pensions likely Potential fund and current values: * Cash available now - 400k (ISA / Premium Bonds) - split with spouse * SIPP - 550k (from 57) - my name only, global equity 100% * Downsize @…
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Bond ladder and money market funds
Hi I've been using lategenxer.streamlit.app to simulate a bond ladder to get me from 61 to state pension age and a DB pension. The bond ladder tool uses prices in £ however, when I do a trade preview on interactive investor they seem to quote the prices as the same number but in pence. So whereas the bond ladder tool may…
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: Backdating rules for self employed-Class 2 by molerat
30 December 2025 at 2:25PM
