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NHS pension P60 - have you received it?
NHSBSA say P60s are usually sent out by the end of May. OH's hasn't arrived yet - has yours?
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Should a very sick person keep working - where does he get advice on options?
Hi - please can any one advise how to get informed help for a sick friend with difficult decisions - he is possibly terminal but is continuing to work as much as he can manage, so his wife gets his death in service lump sum. I think he needs someone to understand his work Ts and Cs for him. He is in constant agony and very…
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Pension planning for a special needs dependent
Hi, Are there any suggestions or tips to share when you are planning finances for the long term, considering a special needs dependent? Currently am investing any earnings over 50k into pensions, with a plan to use the tax free amount to pay off the mortgage upon reaching 57. The mortgage is expected to be 200k at that…
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Auto enrolment chaos, what are my rights?
I was paid at the end of May in the usual manner, I never check my payslip as it comes by email, you have to log in and so if my payment amount is about right then I tend not to bother. I noticed that the amount paid into my bank was lower than usual and so checked the payslip and noticed that I had a deduction for a…
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On constant hold with DWP re pension contributions
Apologies if this is a repeat of a topic already discussed - I've searched and not found anything relevant. I sent in a form requesting a callback for topping up contributions to my state pension (which I will qualify for in a few years). Two weeks ago, they called in a 1-hour slot when I didn't have my phone on me. I kept…
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Foreign employer contributions into a UK pension, is this possible?
Hi Everyone I am currently employed my a company based in the EU, I am payed through PAYE and am a UK Tax payer. I am the only UK based employee. My employer and myself have been making regular contributions into a private pension scheme, this scheme isn't suitable anymore (i wont go into why, there isn't enough time in…
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Max SIPP Pension Contribution
I save into a local authority DB pension and AVC. I have also opened a SIPP. I plan to retire this financial year hopefully. Based on my local authority salary and calculated Pension Input Amount (see table), what is the maximum I can invest before I retire into my SIPP (including any unused SIPP contributions from…
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Tax relief on current pension contributions when drawing an old pension
I am currently employed with a company pension that me and my employer pay into, approx £1000 per month combined. From a previous employer I have a DB pension which I have just found I can start drawing from - a tax free lump and a small yearly pension. I understand this counts as part of my income and I will be taxed…
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Inc. or Acc. units in Retirement?
Hi, I am just looking for a bit of a steer here as to whether I should move all of my investment units to Inc. units. A little bit about my circumstances. I retired at 53 (nearly 4 years ago) and took my DB pension on my 55th birthday. My wife will take her DB pension in just over 3 years when she is 60. My DB pension will…
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SIPP - Swap fund or not?
Approximately 18mths , I left my IFA and decided to opt for a 'fire and forget' approach on an 80:20 Equity/Bonds basis, with one of the tenets being that I would not tinker/try to play the market etc. Currently I'm invested as follows 41% Fidelity Index World P Acc 41% HSBC All World Index C Acc 10% Vanguard Global Bond…
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Great Video on Investing
https://www.youtube.com/watch?v=D7BypzqdfqM By Tom Nash. Easy to watch. About 30 minutes.
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Should I access my personal pension to make use of tax threshold?
I am a basic rate tax payer and I plan to retire later this year. I won't receive my state pension for another 3 years but I have sufficient money in my ISA plus I receive rental income (£8K guaranteed each year with no voids) that I won't need to touch my personal pension until well after that. As there will be 3 years…
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Transfer of DB pension to SIPP - no brainer?
My partner (age 57) has a DB pension scheme from an old employer which looks like a no brainer for her to transfer into a DC SIPP. Am I right with my thoughts below? The pension benefits at date of leaving in 1997 is £2,400 a year - not index linked as far as we know. My partner thinks this will still be the annual pension…
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Take VR and retire early?
Avid reader of this forum for ages, but now have a reason to post to see what others might do in our situation. Myself, 40. Full time, salary of ~£68K, rental income £5000 per year. DC pension currently at £250K. I pay 4% + £250 AVC monthly, employer £8%. Husband, 52. Salary ~£70k, rental income £5000 per year. DB pension…
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Can I use my Pension tax free lump sum to buy Premium Bonds for myself and my wife
Hi All Can anyone Help me with this question. I'm just about to take my pension and have various options one is a tax free lump sum of over 100k. My wife and I have maxed out with isa's. Were both 20% tax bracket although our personal allowance tax codes have been reduced possibly by earning over the £1000 interest…
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Nestle pension - not paid May 2025
I'm a Nestle pensioner and find that my pension for May 2025, due to be paid in on Thursday 29th May, was not paid in. When I've contacted them they say that the fault is with HSBC that didn't transfer the money. My question is - do I have any rights to compensation from HSBC? I've had to shuffle money around to cover…
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USS Tax Free Lump Sum and IB
More questions as I begin to finally understand the USS pension landscape, which seems to mostly be a landscape of tar-pits, swamps and burning skips. Anyhoo....I'm aiming to flexibly retire at 60. I have a DB lump sum of about £65k (from final salary lump sum and Retirement Income Builder lump sum) and an Investment…
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LGPS member wanting to contribute more. AVC, APC or separate SIPP?
My husband and I are both LGPS members but work part-time. Our current valuations are approx £2k and £5k per annum respectively. I am 43, husband 52. We have had a significant windfall and would like to start contributing more to our future. We are talking to a Financial Advisor who has asked us to gather information on…
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Do you open a new pension when your pension fund exceeds £85,000
Pensions are fully protected upto £85,000. So to be 100% protected against bank failure is the solution to have multiple pensions at different providers?
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Still not heard back from Pensions...
Hi, I'm 69, a WASPI, and receive the new style state pension. I was made redundant at 59 but due to aging parents who needed more help at that time I didn't sign on or try to get another job. I had 40 years NI contributions, and was contracted out for some of that time, so don't receive the full amount. On Martin's advice,…
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721 discussions
6.3K comments
Most recent: Delays for P55 tax refund from HMRC by leosayer
21 November at 11:44AM
