-
Tax Refund Query
I took an additional lunp sum out of my main pension (which I take a monthly payment from) in December 2025 which triggered a large tax charge. I submitted a P55 and have now got a new cumulative code for this pension. The HMRC letter said any adjustments would be via PAYE. However I now have only 2 months left in the tax…
-
NI contributions for early retiree
I'm due to retire at 59 and have fully paid up NI and due full state pension when I get to that age. I know I don't pay NI on my personal pension but do I have to register anywhere for NI credits
-
Pension fund first or SIPP
I may well be retiring this year at the age of 64 1/2. I can claim my West Yorkshire Pension Fund, or leave it for a year or so? I also have shares invested in a SIPP, so which to claim first? Whenever I claim the WYPF, it will always increase with CPI, where as the SIPP invested in shares, will generally increase more…
-
A few numpty pension questions.
A few numpty pension questions. OK some back ground ,I have a DC pension with Zurich that is around 35 years old. Being an old school pension, it is very inflexible. It does not do draw down and I have to take it by my 75th birthday which is only a few years away. As far as I can see, the current pension does not have any…
-
Teacher's Pensions Transitional Protection Payment
Hello, I was just wondering if there was anyone here who has retired from teaching and have received their transitional protection payment. I returned my form nearly 6 months ago and have contacted TP asking if they were still on track to make the payments within the 6 month window they had allowed themselves. I have sent…
-
Fine tuning pension options to avoid HRT
My plan has always been to have around £36,000- 39,000 a year after tax in today’s money. Given that, and that a chunk of my income was monthly drawdown with 25% tax free I thought I was well under higher rate tax and didn’t pay it a lot of attention. However, I have decided to take an annuity with half my DC pot, in…
-
How much State pension will I receive?
Hi, this financial year 2025 to 2026 is my first year received the state pension, so I’m trying to work out how much I will actually receive. If it matters my birthday is on the 6th of April, so in March last year I received a letter saying that I would receive a payment of.£922.02 on 1st May 2025 and then £1,000.16 every…
-
New State Pension Query
I would be most grateful for thoughts on this please. I was listening to a WHICH podcast today where they referred to people born in certain years having to wait a bit longer than age 66 to receive their state pension. I am one of those, having been born in July 1960. The podcast was giving examples saying if you were born…
-
Pensions and Claiming Benefits
Hello all, Newbie forumite here, so please go easy with me. I’m currently in my 50’s and claiming benefits as a disabled person. My question is, can I start a pension and contribute to it whilst claiming these benefits? Any information and advice that could be imparted, to help me understand what I can and cannot do under…
-
Please could I check if you think this makes sense
Hello. This is my first time on here and I wondered if I could ask for some views please. For the past 8 years I have saved to ISA’s and not a pension. I will be stopping work at the end of April and wondered if it might be worth me opening a SIPP and paying in this year’s salary. I will earn £29K this year but will be…
-
Workplace pension and tax year of contributions
I salary sacrifice into a workplace pension with Aviva. I'm paid and get payslip at the end of the month, but the pension payment is normally credited to my pension a couple of weeks later. For my march salary paid in march 2026, if the pension contribution doesn't reach Aviva until after 6th April, does it count as a…
-
A couple of questions
My mum is 75 and had kids in 77, 82 and 84, she did not work during this period and claimed child benefit. She retired several years ago but isnt in receipt of a full pension. So possibly has a claim. There are however some added complexities, which might explain the reduction she recieves. 1) She emigrated to the USA in…
-
Qualifying NI years for full new state pension
My wife will be able to claim her new state pension from June 2035. She currently has 27 full years of NI contributions shown on her personal tax account online. It also says she needs to contribute another 10 years (as shown below). However, that will bring her qualifying years up to 27. When I search online I see that…
-
Dreadful returns and dreadful service from Best Invest SIPP. Alternatives?
I am 79 with around £75k in a SIPP with Best Invest. The service is dreadful with them seldom replying to emails and the return is awful - just over 1% in the last year and only 2.8% pa over the last 5 years, when the stock market went up 13%. Can anyone suggest a better provider?
-
Late husbands COD payment from Pension Provider
I have a letter from HMRC advising of small weekly payments due to me from my late husbands private pensions. One was a company pension and I am receieving the 50% widow benefit which I believe includes the COD amount. The 2nd pension was only guaranteed for 5 years and they stopped paying it some time ago. - Needless to…
-
Exclusion from workplace pension in 1990s
hi everyone My female partner worked for a private company in 1990s and was told that women couldn’t join the pension scheme. She never filled in any forms either to join or opt out but I’ve just read that that was made illegal in 1970s. She’s 62 now and getting prepared for retirement and my question is - is there…
-
Clerical Medical Pension moved my funds without my consent
In 2019 part of my pension funds with profits was moved out of my fund against my wishes or consent as I had reached normal retirement age-in this case, 60 years old. They claim they wrote to me informing me that if I did not respond to their letter, which I never received they would switch my funds to a cash account.…
-
New Job means new Pension
New job so I've been enrolled in a new pensions scheme: Smart Pension Don't know too much about this company so currently digging into them but I have a choice of investment funds and looking at people's thoughts. I do like higher risk as I'm 25 years away from retirement so plenty time for peeks and troughs. Can also…
-
USS DB Pension - claim early while working?
I will get my USS Pension in September 2027 - no option to defer, and my state pension two years later, at 67. I've recently found out that I can claim the DB pension early. I've done a few projections on their online calculator to get an idea what I can get at 65, 64 and 63 (I'm almost 63.5 now). If I had claimed at 63,…
-
Advice for changing a new sipp and Isa platform
Thank you very much in advance! I have invested a sipp with one platform valued about 200000 pounds, but I would like to stop it as its charges or fees, and invest a new sipp with another platform such as trading 212, investengine, IG, can I just stop investing with the present platform before April, directly apply and…
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
