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Voluntary 3 NI contributions from abroad and European pension aggregation
Hey all I'm sure I've probably totally misunderstood how aggregation works but if anyone in the know could advise on my hypothetical future situation I'd really appreciate it! I am projected to have full 35 UK years through paying voluntary NI contributions from abroad , but 8 or 9 of these will be non-overlapping years at…
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Civil service pension sharing order
Hi all. I am an ex civil servant, subject to a Pension Sharing Order in favour of my ex wife. My scheme is 'Classic' and it was in 2005. I have just reached 60. My ex wife is 55. Will she receive the allocated pension credit now, same as me, or will she have to wait until she is 60 also? The civil service won't give me any…
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LGPS AVC Annuity
Hi, If I want to buy an Annuity with my AVC pot. Do I have to notify Pru? Or would it be done by the new provider? How does it work? Is it a long winded process? thanks
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Pension recycling rules
I received the following tfls this tax yearFrom dc 35kFrom DB 6.5k and 15KI stopped working and stopped contributing to any pension 5years agoIf i open a sipp and contribute 2.88k/pa will i fall foul of recycling rules? Thank you
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Prudential AVC fund options
I’ve been building a Prudential AVC plan alongside
my LGPS, with the intention to take the maximum TFLS when I commence drawing
the LGPS and use the rest to buy additional LGPS pension. The fund value is currently £156k and I’m
continuing to add £2k a month to it. It’s
currently invested as follows: £93k
in global…
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Anyone know if these pension providers support in specie transfers?
My wife is consolidating a few workplace pensions into a SIPP with II, and has gone through the lengthy process of getting through to the existing providers by phone to request discharge forms. Now II have asked her to confirm whether each of the providers supports in specie transfers of the funds held (which was the type…
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NHS pension query - effect of reducing houra
Hi, Asking on behalf of a friend. She has worked full time as a nurse in the NHS since 1986 and is a member if the NHS Pension Scheme. She is considering reducing her working hours and is interested in how such a move would edict her pension? Are the 1995/2008 Scheme and the 2015 Scheme considered as separate schemes?…
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FA advice
Hi all...Newbie here so please be kind.. I have recently retired and I am looking to start taking my DC pension. My partner retired last year. My partner is in receipt of a DB pension of just over £16k pa and received a lump sum of £50000 which he has got in ISA's. Lump sum was part of the pension (civil service). Our…
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Top up pension or play safe with fixed rate bond
Hi I am one year away from being able to collect my state
pension. I have a pension pot only worth
approx £14,000 with nest and a mediocre job where my employers contributions
are only 3% the bare minimum. Employer wont match or increase his contributions so no benefit there ! I have around £30,000 that I was going to put…
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Higher rate state pension payment
As a retained firefighter prior to being allowed to join a pension scheme, I paid in extra National insurance contributions on top of my normal employment contributions. I was told that this would give me a higher rate state pension when I retired. I did not pay into a separate pension scheme with the fire brigade. This…
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Auto-enrolment Pension League Table
Auto-enrolment Pension League TableDoes this exist? I have recently been asked by a newly appointed manager (helping to setup a new business) to research which is the best auto-enrolment pension to choose for her employees to be (she is also an employee and not an owner). While I understand that is a complex question with…
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Forgotten Works Pension
I moved house and a had little works pension from 2006 possible till 2007 I had forgotten about it and the Pension Provider wrote to my old address but letters got returned I have found the pension details now albeit 17 years later. I contacted them and they told me my pension was closed. Am I still entitled to my money I…
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Transferring pension to SIPP and rapid drawdown for tax purposes.
My wife (retired and non earner - aged 58) has an old DC pension (Barclays afterwork) valued at £70k. They've just sent the options for her NRD aged 60. Annuity, transfer out or take the whole lot as cash. We are living comfortably on my DB and DC pensions, we also have significant savings in S&S ISA's. The idea is to…
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Sole Trader (Basic Rate) - SIPP - End of year tax relief help
Hello, I'm hoping to get some advice to help me understand the (end of year) tax relief offered to a Sole Trader on basic rate tax when opening a SIPP. I have searched extensively online and I can't find the answer, I have found conflicting replies hence this post asking for advice ------------------------------ As an…
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Retirement at 60, the plan:
I’m planning to retire at 60 in 3 months time. Here’s my rough intention:Needs: (excluding state pension): 8 years at 45k until state pension kicks in. 3 years at 35k until wife’s state pension kicks in. 25k thereafter. If I reach beyond 80, 40k from State, DB and Wife’s DB should hopefully be enough. Situation: 110k ISA…
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Hypothetical idea that is probably ridiculous
Due to my age, I am a number of years away from being allowed to access my DC pensions. I intend to take the full tax free amount when I can. Having seen how rules can change quickly, and that often those rules declare that if you have begun a process prior to some announcement date which can often be the same day as a…
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Possible appeal to backdate pension increase after paying top up NICs?
I retired at age 66 in June 2021. I have 40 SP qualifying years. During 19/20 and 20/21 my pension forecast was showing a message similar to 'year not full, awaiting data or still calculating data' I was moving and had several short term employed and self employed but not registered as self employed jobs at this time. I…
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Understanding fund timing and pricing
Hi, I recently opened a SIPP on interactive investor, I’m looking to buy some funds like VLS100 , when I checked the price, I see it gives a NAV. Is this the price I will get when I place a buy request on the platform? or do I get the next available NAV. Also I understand it takes a few days to complete the transaction,…
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Top up pension or leave in PB and cash ISA?
Looking for some advise please.Male 55, 40% tax bracket, debt free working full time house paid off.£230k in PensionBee from previous work pensions, I contribute £100 per month£50k in Premium Bonds£63k in cash ISA£5k in stock and shares (Not and ISA) with Trading 212Am I better paying a lump sum into my pension from either…
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Platform for trading UK Govt index linked gilts online
Some platforms don't offer them at all, others you have to phone up to trade. Are there any that allow you to trade them online? Thanks
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
737 discussions
6.4K comments
Most recent: Gaps in National insurance contributions by molerat
12 March at 10:53PM
