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RPI - linked annuity
I am considering buying an RPI-linked annuity with part of my pension fund. I am at early stage but wonder whether the RPI reference point is for the life of the annuity or, like linkers, will change to CPI in the future? I have also heard that the RPI increase may be subject to a cap. Presumably this all depends on the…
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Bucketing strategy/ Risk ladder
I'm very close to retirement and am adopting a bucketing strategy, or risk ladder as I prefer to call it. I have two years' net income in cash, one year's in an ETF with mostly bonds, one year's in an ETF with some bonds and the rest in 100 equity (MSCI World tracker). It is this alll equity pot that I will draw income…
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Timescale to move from SIPP to drawdown AC with Hargreaves Lansdown?
Has anyone submitted an application to HL recently to move money from their SIPP account to their drawdown account? I am trying to get an estimate of the timescale it is taking. I made an application on 6th Nov, got a confirmation email saying 20 working days. That has now passed and I have messaged and called them for an…
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HMRC recycling & tax efficiency
Well as the username suggests I’m starting a new chapter and coming to terms with the HMRC minefield whilst trying to be tax efficient. As a background I’m 42 and left the forces after 22 years with the majority on the 75 pension scheme. I’ve taken maximum commutation to reduce the tax burden so I’m receiving a £65k tax…
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ROYAL MAIL PENSION QUOTE AT 55 DONT UNDERSTAND
Hi i had my pension quote from royal mail im in section C - my understanding is that theses are the figures if i decide to take my pension at 55 My RMPP pension shows the following Option 1 regular income £1503 pa tax free cash none tax free cash from cash balance none leftover benefits from cash balance none Option 1A…
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USS - General discussion
I am taking early retirement ( 55) from USS and will have a DB annual pension of £23k and a separate £9k pa widows pension but my dilemma is I will need an additional £17k pa for the next 4 years to cover short term additional expenditure (supporting children through uni, maintain current standard of living) and I need…
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Retention Bonus to be sacrificed to my pension
I'm 58 and am being made redundant next April, Can i sacrifice some of my Retention bonus into my pension? I'm already drawing from my DB pension with my previous company, so believe I'm limited to contributing £10k a year to my pension?
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Which way to tackle drawdown, turning 55, during first tax year ?
Basically, by this time next year, I'll have turned 55. My plan is to crystallise my pension pot, take my 25% TFLS* and then move into DD So, my dilemma is how best to do DD during the 26/27 tax year, to maximise my PA (12570) and not pay emergency tax, up front, if it can be avoided. As I see it, I think I have 4 options,…
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SIPP payment on 55th birthday?
HI all, I'm 55 in just over a year's time, and would want to get a payment, whether FAD or UFPLS , PCLS on my birthday. Would this be possible, or would I have to start the process on my birthday, and wait the 2 approx weeks before the payment? I'm with ii for my SIPP I would like a payment from Thanks
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ILG information
Chaps - How do I find out when an ILG was first issued - TR26 for example? How do I find out what the inflation rate is from when an ILG was first issued? The thinking being that if the current dirty price of the ILG is less than what it should be given the inflation rate since first issue, then perhaps it is worth a punt?
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Affairs in order (from a finance perspective)
Hi all While arguably could go elsewhere on this forum lots of knowledgeable organised people here and also definitely pensions is a major part of thing. Just been going through our legal affairs to address what should happen with everything in event of one or both of me and partner being incapacitated / dying. Checklist…
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New state pension not eligible for tax ??????
Afternoon all, a question I hope you can help with, in March 2028 I will be eligible to claim my full new state pension, have already checked so I am sure of that. I also have a small SIPP saved, this is not in drawdown and not being claimed nor will it be. Can you tell me if under the new pension and income tax…
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Strategy thoughts
Hi, any thoughts or feedback on the below would be appreciated 56, full time employed, full state pension, hoping to retire at 60. I'm currently salary sacrificing into my pension around 45%, it does leave me around 1K short a month of my living standards, but I have enough cash in my current account to allow me to…
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Aviva options...?
Hi, I want to access 25% of my Aviva pension; total is approx £53,504 so I can take approx £13,376. I've been using their 'tool' to decide the best way of doing this so I'm looking for any wise opinions. This is my works pension which will continue to be paid into and grow after the withdrawal. Current monthly total being…
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Is a 60/40 fund out of date for a Retirement
Hi all I have a Royal London pension £299,000. RLP Goverend Enhanced pot, which I think is roughly 60/40 Also I have a Vanguard sipp , it was in 100 equity, but 4 months ago moved it into the retirement fund 2030, which is roughly 60/40. Value £85,000. My ss isa £115000 I moved £80k of that into the vanguard 60/40 fund and…
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Inheritance Advice
Hi, We are looking for a professional to have a discussion with in order to properly plan our estate inheritance plan for our children. We are finding it very difficult to find an independent financial advisor. Researching online takes us to sites such as unbiased and vouched for. Else there are review sites in which we…
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Alpha pension - lump sum and early retirement
Hi, Can anyone help me with this question? I have a civil service Alpha pension and plan to take early retirement. The guidance says I can convert £1 of pension to £12 of lump sum but it's not clear to me whether it means £1 of pension entitlement if I retired at SPA or £1 of the actual pension I'd receive after the…
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Pension Financial Advice
Both my wife and I are in defined benefit pension schemes that are due to mature at age 60, and we also have other pensions that will continue until we are 65. We have savings and are expecting an inheritance. We would like to know whether we can retire early, but we need advice and are not sure what kind, pension advice,…
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Commuting part of NHS pension that would otherwise be subject to HRT
Hi all, some time since Ive posted on here. I would value your thoughts please.I am aware that the NHS 12:1 commutation rate is normally seen as bad value . However my position is that I am due to retire next year at 58 and had been intending to take my 1995 pension (due at 60) subject to reduction of c. 10% which will be…
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Opinions Please
I am 65 (66 in March) My required retirement income will be almost covered by State Pension and a DB pension (£3500) net shortfall. I have a DC pension of £150k with Aviva Aviva Pensions My Future Focus Consolidation (Pre-2024) S6 Should I leave the DC pension where it is (risk level 2) or transfer it to a Vanguard Life…
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 cut off 2025 by Silvertabby
19 December at 7:04PM
