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NHS ill health pension - annual allowance
Hi all Very long time lurker and fired up the old MSE account in our time of need! Wife taking ill health NHS pension tier 2- confirmed She hasn’t got HMRC SIC test, is unlikely to get at appeal and unsure if wants it anyway So due to tier 2 enhancement , This looks like it has put her over annual allowance - I’ve…
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Missing NI years and the Protected Payment - just reviewing...
My wife and I are both retired, and I'm reviewing our State Pension entitlements because of the looming deadline for paying for missing National Insurance years. She has payable gaps shown in her online account (although not all years are detailed there) but she is receiving the full pension thanks to voluntary payments…
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currently getting universal credit but think i need to start drawdown on my sipp. How much do i lose
Helloi hope this is the right section to post this as it is Benefits / pensionsi am currently unemployed , partner works, have 2 kids over 12 and getting around £2500 in Universal credit per yearI have a sipp with £80 k in and was thinking of taking funds out of this tax year.If i was to take say 16k out of my sipp ( 4 k…
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Should I wait to increase pension contributions?
I’m in a lucky position to be able to increase my contributions and also pay in a lump sum towards my company pension, but I have noticed in the last month that the pot has taken a dramatic fall. Should I hang fire? I am about 6 years away from retirement age, if that affects anything. Thank you.
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Small inherited pension
Could really do with some advice as I have inherited a small pension. This pension. Am I best to cash this in and pay tax or could it be transferred into a separate pension and draw half out this year and half out the following year which would bring it under the tax threshold? I am 56 y/o and any advice would be…
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Help with my NHS pension
Hi I am planning to retire at the end of June this year but the more information I read the more confused I am .I started working for the NHS in 2011 does this mean that I have paid into both the 1995 to 2008 and the 2015 scheme
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Work Place Pension to SIPP
I am longer paying into my pension and I am thinking of moving my work place pension from Scottish Widow (SW) selected by my ex IFA to DIY SIPP. The current charges are : 0.35% AMC for Scottish Widow0.51% SW Veritas Asian CS8 0.954% SW Schroder UK Alpha Plus CS8 0.82% SW Royal London UK Equity Income CS8 0.968% SW…
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State Pension confusion
Hello, My wife and I were checking our state pensions, I am 2 months older than my wife, we both have 22 qualifying years, but for me i only need 9 years to get the full allocation whereas my wife needs another 14 years. Can anyone explain why?
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Pension
Hi I’m new on here so bear with me, I will be 70 next week and took early retirement in 2013 to care for my wife who has brain tumor we both now have state pension and my carers allowance stopped when pension started, I noticed that my wife who was retired through ill health and is on pip is getting £20 more a week than I…
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Pension Forcast
My wife is 64 and has not worked or received benefits since October 2020. Shas obtained a State Pension forecast (dated 16/9/2024). It says: Your forecast is £221.20 a week. This is the most you can get. You will reach State pension age on 6/7/2027. My question is, does the forecast assume that she will pay NI from now…
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"Copy" Birth and Marriage Certiifcates
Forms such as the NHS Pensions AW8P ask for original birth and marriage certificates. However, the original issued at birth are not always available. So does this mean original or does it mean government issued as opposed to a photocopy? This is frustrating when the missing certificate is the result of a failure to return…
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Taking pension pot at 55
Hi all - I feel I have seen numerous messages on the forum asking the same question but I still don't quite understand the implications. In a nutshell - I turn 55 next month and have been in a company pension since 1993. Before that I had a private pension for around 3 or 4 years. I have been ignoring the letters from this…
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55 and no pension
Hello, First time posting and don't know all the pension jargon, so please bear with me. My OH (55 years) has been self employed all his life, and has no pension whatsoever. (never the right time, kids, mortgage, recessions etc) I (53) have 3 small pots from part time jobs over the years, projected to approx £4000 pa. We…
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How do i persuade step son to rejoin his employers pension??
So….my step son is 36, earning about £48k, joint custody 3 children and in rented accommodation. Has has quit his company pension citing he cannot afford to pay in. He has a pension from a previous job valued at, I guess..£25-30k. What do I say to him to get him to rejoin his employers pension?. I could say his uncle…
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Avoiding HRT by pension contribution - & for last year?
I paid 40% tax for the first time last tax year. HRT of £1079 mainly due to higher interest rates on savings and an unexpected bonus which pushed total income over £50k including salary (less pension sacrifice) and DB pension income. I expect a similar scenario this year. So I’m thinking of making an additional payment of…
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Can live without my DC pension pot but should I take the 25% tax free at the moment
We're fortunate that my missus and I both get a full state pension and I also have a modest DB pension which pays me enough each month to top up the state pensions so that we can live to our usual quiet standard pretty much unaffected by retirement. We have a nest egg in ISAs, no mortgage outstanding and no debt at all. At…
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Aptia misapplying GMP equalisation process for deferred pension
My Deferred DB Pension recently transferred from Mercer to Aptia and I asked them for a valuation. The previous valuation (from Mercer) was £3023.26 p.a., in 2017. The valuation now (in 2025) from Aptia is £3292.80. I expected it to have gone up with inflation (Capped at 5%) which would make it about £4000. I still have…
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The iniquity of Salsac on lower paid workers
First, big disclaimer. I have been a big, huge, gigantic beneficiary of salsac in the past. So yes, I like it. A lot. But something that just hit home was when my oldest asked me to take a look at the pension arrangements for her nice shiny new graduate job. It's a net pay arrangement, so I was about to say to her that she…
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Need advice on my wife's pension and extra contributions.
In Scotland and my wife has been employed in the local council for 20(ish) years and wants to retire at 60 (10 years from now). She is in the 42% tax bracket and is a few hundred £ short of going into 45% tax bracket which will happen with the next pay rise.I have been saying to her to pay extra into her pension and she…
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Amount paid into pension
Hi, hoping you can advise whether what I am doing is allowable for tax: I have taxable income of £70,400 for 2024/25 and have made personal contributions of £20,967 to my SIPP, which have been grossed up to £26,209 by my provider reclaiming the tax. My employer has made contributions of £51,923 to the same SIPP. I have…
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: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
13 August at 7:57PM
