-
Gilt Ladder In Pension Fund
To diversify my portfolio a bit more I'm investigating building a gilt ladder. I have no need of this money within the next ten years since I "pay" myself out of cash that I hold in the SIPP and my MM fund. With that in mind, would a ladder be a bit redundant and maybe should I just split it across T31 and TR32 with that…
-
SIPP holder dies at over 75 - just checking my understanding
Evening all, I’ve had it confirmed (by my SIPP provider) that if I ‘pop my clogs’ after age 75, then my SIPP beneficiaries (some of whom are resident overseas and non resident for UK tax purposes) would not have the option of receiving their share of my pot as a (drawdown) beneficiary SIPP; instead they would have to take…
-
Workplace Pension
Hello all, due to arthritis I am unlikely to work again between now and collecting my pension in 6 years' time. Is there any way I can cash in a couple of small pensions and avoid paying tax on the 75%? I will have no other taxable income, and my thinking is that if I cash them in over the next three tax years but make…
-
ILG pricing
Simply as an exercise to see how things work, I bought of £500 of Treasury Index linked 0.125% 22/03/26 today via Bell. Price on Bell currently shows 156.23 Put me right please - I assume that price continually rises - due to the IL bit continually being added on? Coupon will be 0.125/100 x price at the time of coupon…
-
Redundancy and Classic Lump sum
Quick question for a friend (honestly it’s not me - I’m Premium) if someone in Classic / Alpha is offered redundancy, and uses the redundancy payment to buy out the actuarial reduction, do they still get the Classic lump sum? I think the answer is yes, but I’m looking for a reference. Si
-
FAS (PPF) May Start Offering Inflation Increases on Pensions Prior to 1997
Just got an email today from the FAS to say that there was an announcement about pension inflation increases (capped at 2.5%) for service prior to 1997. I have no idea if I will benefit (all mine was prior to 97) or if it will just be future members when they reach pension age. Dear Mr ...., I’m writing to let you know…
-
Life Assurance Policy
My FIL said he had this old life assurance policy with the North British & Mercantile Insurance company, which google says was taken over by Commercial Union, which has now become Aviva. Reading the policy certificate, it seems to indicate that it is a life assurance policy that only pays out on the death of the policy…
-
Aptia DB pension - different valuations
I have an old Nokia pension. coming up on 55 so looking for an illustration. The scheme administrators sent me a rebaselined figure of £17800 in todays numbers at NRA of 65. this was in February this year. They also provided the early retirement factor table - 0.82x at 5 years early, 0.70x at 10 years early. From that I’ve…
-
I’m lost
I’m after advice on my db pension I work part time 16 -20 hrs a week I’ve just turned 55 I want to take a lump sum and then use the rest as monthly payments I intend to carry on working my question s are its has db with profits and a mvr my pension pot is £65000 would I be best to draw down or get a annuity though I don’t…
-
Serps tracing
When I worked at Texas homecare in the 80’s we opted out / serps I believe to home charm pension scheme. We were then bought out by Homebase which was part of ladbrokes then I believe the Hilton group took over the pensions. Has anyone had any luck in tracing their pension from this home charm company ? HMRC say it’s…
-
Paying redundancy payment into private pension
Im 57 a higher rate tax payer and am due to receive a redundancy payment some of which I will need to pay tax and NI. Is there any reason why I shouldn't / can't put the part of the redundancy payment that is taxed into a private pension and claim back the tax. Ive enough pension allowance banked from previous years. Am I…
-
Adding to old workplace pension from savings 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…
-
State Pension Tax
Hello, I saw the interview with the Chancellor and wanted to ask about an existing tax bill my mum have received. A bit of background, mum was a nurse in the NHS for over 45 years. She never paid into any pensions as she was made a single mum when my dad left and had 2 small children to raise so simply couldn't afford it.…
-
P55 from and pension drawdown questions
Hello, I need some help please. In 2020, I took my 25% tax free lump sum from my pension. This year in July I took another amount. The pension company didn't deduct my tax at source, so I have to pay this tax myself, which I have saved and am ready to pay. I have several questions 1. Do I need to pay this amount at the end…
-
Pension on death
Hi, please can you help. On death of a loved one, do you know how long it takes employer's pension administrators to deal with the expression of wish and payout of a death in service benefit. I am only asking as I am not executor of will but a named beneficiary and I haven't been contacted other than to provide ID etc…
-
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?
-
IFA pushing me in a direction I don't like
Hi, I have been trying to move my main SIPP from an administrator who I feel has been very poor in the past and expensive in terms of fees to a self-managed ii SIPP. I have already opened the ii SIPP account moving a second, smaller pension fund I had into it. However, the administrator prevented me moving my main SIPP to…
-
On Taking the Max Capped TFLS
I'm trying to take an UFPLS sum out of one of my SIPPS at the moment and it's a frustrating process because I'm nearing the max capped limit on the tax free lump sum. It turns out that when you have taken over 90% of the max £268,275 you have to submit paperwork detailing the exact amounts you've taken to date. This has…
-
Hargreaves still on a go slow
Wife has requested a TFLS and had an email this morning stating they are very busy and her application will hopefully be actioned in around 20 working days, which probably means late January. It’s a good job she didn’t leave it till February/March as that would mean her drawdown account would be virtually empty after the…
-
How do you set retirement target?
I am 44 and only have about 30k in pensions and 200k in property. Where should I go from here? I have no savings on top of this. Do I need an aim for a total pot? Is the 4 per cent rule still a target eg 250k gives you 10k a year? Thanks for any help
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
752 discussions
6.5K comments
Most recent: Missed callback on missed yea… by pinnks
14 September at 2:34PM
