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Marriage allowance when on Standard rate PIP and Contribution based ESA Support group
As title suggests i'm on Standard rate PIP and Contribution based ESA Support group. Using Excel spreadsheet i worked out my benefit for following: Total for PIP for next tax year is approx £7308.60 Total for ESA for next tax year is £5361.20 Total combined is £12,669.80 This means i'm £99.80 above the tax threshold but…
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National Insurance Credits with No Child Benefits
Hi, Does anyone know if and how you can claim National Insurance Credits for Past Years with No Child Benefit? Is this possible? I seem to be going round in circles. 1st child born in 2012 Thank-You
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Lost Pensions
Hiya, I am looking to find lost pensions from previous employment - the trouble is I no longer have any info for the companies I worked for. I have also been to the GOV website to try and found it confusing - should I trust someone else to find them and if so who?? any input on this would be fab, thanks
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What would you invest 500k in for the next five years ?
Hi,looking to place 500k into short term investment,with low risk. Any ideas would be appreciated,I'm still working until next year then hope to retire. Money at the moment is held in building society one year bonds,paying 4.5 % Having read some ideas on previous forum questions,has anyone's views changed due to a Trump…
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Asset class
My SW pension fund has automatically de-risked me into portfolio 4 and 5 with a default retirement date of 2027. Currently, I'm unlikely to access this pension before 2035. With this in mind, should I consider moving my funds into a different type/ratio of assets and if so, your suggestion would be valued. In terms of…
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Is it worth starting a personal pension even though I've retired?
Hi I've taken early retired using a Defined Benefit scheme and I'm currently 7 years away from qualifying for my state pension. I wondered if it was still worth setting up a personal pension as I understand that I could contribute £2880 pounds to the scheme and get 20% tax relief? It's not a lot of money but I would…
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Simple question about Discounted gift trust
I have been talking to a financial adviser who is recommending my wife and I make a gift for our children via an Investment Bond scheme with a "discounted gift trust" which may have some benefits although a proportion of the gift is still liable to trigger IHT on death within 7 years I understand this is fairly mainstream…
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Workplace pension combining question
Before Covid, I worked for company A. Got laid off and then worked for the rest of Covid for company B. After Covid, went back to company A. Got a letter yesterday with a pension statement for company A, pre-Covid. Since I've now got 2 workplace pensions for the same company, can I combine these? What about the few £ one…
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What immediate actions do the DWP require during a Forecast/VC call-back? What happens if missed?
I've just spent an hour trying to access the HMRC forums, but they've disabled the Register function and the "Report a problem" form isn't working, so I though I try this here, as I assume some people have already gone through it. Basically: Do I have to immediately make VC decisions during the call? If not, is there a…
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state pension my fathers first payment
i deal with my fathers finances as i have POA due to his dementia, can someone explain he reaches 66 on sept 15th , had letter saying he will get full amount but it will be paid in arrears so does that me his first payment is oct 15th? Just need to know as if he has a month without money i can put some aside for this…
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Civil service pension - retirement model problems
Hi all - I’m really new to this forum, and as a heads up I’m also a bit green when it comes to pensions. My query is whether anyone has noticed anything a bit odd with the retirement modeller on MyCSP. I tend to look at it a couple of times a year to scope out my retirement options, and previously it was showing something…
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Do my investments look broadly OK
Hi would appreciate a quick review and comment from the knowleable folk on here regards whether my investment portfolio looks generally sensible or whether there's any obvious gaps clangers in here. Its kind of grown organically over time general principle has been to diversify globally at low cost. This is combined totals…
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Phoenix Life will not allow drawdown
Been trying to cash-in 25% of a pension with Phoenix Life which has resulted in various forms back and forth but now they have finally come up with the excuse that they "do not offer a drawdown facility".What are my options now, do I need to transfer the whole pension to a different provider before I can access this 25%…
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Financial planning for my Mum
Hello, I'm after a lot of advice to help my mum with her finances. Today I mentioned the NI top up deadline to my mum which the lead to a long conversation about her finances and retirement plans. My mum will readily admit to not having much financial knowledge and through this conversation it became apparent that she…
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Pension statement from work..
Hello all. I am in the police CARE pension scheme. After a few breaks for maternity and then a career break to bring up the kids i started taking this all seriously and began over paying in 2022. That was by £125 per month. I increased it last April 2024 to £150 over payment which I plan on keeping up for good now if I…
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Advice please for transferring national insurance credits to grandparent!
Hi, my dad has two years missing from being able to have a full set of National Insurance contributions. He helped to look after my children when they were younger, allowing my wife - who is the one who receives child benefit - to return to work. I would like us to help him be able to fill this 2 year gap, I believe my…
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Pension drawdown question
Just wanted someone to confirm my understanding of how this works is correct if possible? Short summary: M63, taken early retirement, not paying anything more into an Aviva personal pension. Current fund value is £77k, taking £500 per month drawdown. This keeps my total (with other pensions) income which I live off below…
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Non-dom and SIPP?
Hello, I am non-dom claiming remittance basis. I have no UK earnings. I repatriated c. £30k of capital gains into UK this tax year, on which I will have to pay capital gains tax. Question I have is the following - can I contribute some of this £30k into SIPP in order to decrease the tax charge I have to pay? (roughly £6k).…
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GMP Equalisation Exercise
i received a letter yesterday telling me that my smallest private sector pension (NRA 60 taken at 56 in 2020) is being increased by approx £120 pa from December and also a back payment of approximately £500 for past underpayments will also be paid. A nice surprise. I also have a larger pension from a later employment (NRA…
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NHS Additional Pension and paying lump sum
This discussion was created from comments split from: Tax relief for buying NHS Additional Pension and paying lump sum.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
715 discussions
6.2K comments
Most recent: When paying for NI Top-up, do you have to pay the years separately or in one? by jem16
13 October at 12:50PM
