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Widowed Parents Allowance - NI credits towards State Pension?
I was widowed in 2009 with 2 children aged 15 and 12 at the time. I received Widowed Parents Allowance from 2009-2015 until my youngest child left full time education. I did not work during this period, or claim other benefits. I am trying to find out if receipt of WPA entitled me to NI credits against my State Pension…
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Deferred Defined Benefit Pension- should I take this at 55?
I have a defined benefit pension scheme however it is deferred as I left the employment in 2018. I currently earn approx £8500 a year and pay no tax. What I want to do is take a large lump sum and the smaller pension this year when I turn 55., in the hope that I will only pay tax on the lump suma and the yearly pension…
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Scottish Widows RAC - Investment Switch?
I have an old Scottish Widows RAC and about 2/3rds of the value is held in unit linked funds. 40% is in the UK Equity Tracker Fund and 60% in the Mixed Pension Fund. In August this year I will reach my selected retirement age and I will be buying an annuity then. I am wondering whether to switch the two funds I have to…
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Need a Pension Actuary & Divorce process guidance
Hi, thanks in advance for your guidance and help. I will be divorcing my husband, he has worked for the NHS for 30 years, no private practice. I have very little on my pension pot due to career breaks and raising family to facilitate his career. I have it clear that I will need a pension actuary report for his pension. I…
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Platform Error
I am (trying) again to switch my funds (NOT Sipp) on the Aegon platfrom .When I am in the 'Switch' section' I get an error 'Sorry, something has gone wrong. Please try again later.'this had happened before. but this time i can see all my funds listed below, Aegon told me to try another time, so it seems a guessing game of…
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Semi-retired, can I avoid higher-rate tax?
I am semi-retired and have two defined benefit pensions that come to ~£47,000 per annum. I work part-time (self-employed) and earn ~£12,000 per annum. Am I able to put any of my additional funds into a pension (SIPP) to shield from higher-rate (40%) tax?
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Underpaid pension
I recently contacted HMRC regarding underpaid pension for my late mother and father. They have stated that they don’t have the pension records as they passed in 2016 and 2011. Therefore they cannot assist. Is this correct?
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Managed Portfolio Service for investing SIPPs and ISAs
I'm 78, retired, and I feel I'm being overcharged for managing my SIPP and ISAs. I am paying a management fee, a platform fee and an advisor fee. I'm not in drawdown and have no plans to access my pension fund in the foreseeable future. My current advisor gives me no useful advice and the investment return is poor. I don't…
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Do i need to pay any more NIC's after taking early retirement?
Hi Guys, Quick question, I am a male and was born after 6 April 1951, im 58 this year. My NI record on the Goverment gateway website shows full NIC's years from 1983 up to 2024. The Goverment gateway website shows me my pension forecast and shows me the payment i would receive at state pension age and states its the most i…
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Tax efficient
Have 800k in various pots. what would be the most tax efficent way to get around £2500 a month with no other income am 56 year old
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Making additional SIPP contribution before end of tax year, as a self employed low earner
Hi everyone, I’ve been reading some of the threads recently
and I’m learning a lot, thank you. I have several small deferred DB pension
pots with different companies, which should start kicking in when I turn 60 in
about 3 years’ time. I’ll probably return with more questions about those, but
in the meantime I want to ask…
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Armed Forces Spouses Pre 1975.
Why is the cut off date for Armed Forces Spouses pension credit 1975? My wife accompanied her husband overseas several times prior to 1975, therefore she was unable to make NI contributions and now receives a reduced pension of 60%.
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Fees for setting up an annuity? And dealing with annuity providers directly
Doing a bit of annuity research and read that typically insurance companies charge a fee (either flat or a % of the fund) when taking on a new annuity. Perhaps naively I thought this would be fee free and they'd price this into their quoted rate. I'd assume a fee of I were using an advisor but not going direct. I'm not…
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Tax rate on DB pension lump sum.
Hi ,I have made the decision to retire from work and to spend some relaxation time doing things for me.I have worked in the Utilities sector for 40 plus years and I have been fortunate to have contributed to a decent Final Salary Pension scheme [DB scheme] for 40 of those years.I am currently a 40% tax payer and my…
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Lgps small pension help
I have a tiny deferred pension with lgps worth around £2500 and am trying to have the whole lot paid under the small pot rules but lgps say I can’t because I also have another deferred pension with them and am currently paying in to another. Is this right or am I right? Anyones help much appreciated…
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civil service pension
Helloreally need some help my partner retires in maywe have had the pension quotes from civil service and it says choose A or B for the remedy periodwe have read a lot about that, but still on the modeller B has the highest lump sum at £51000 ? and higher pension so do we believe the figures on the first page? also is…
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Retirements and Pension advice
Hi All First post, long-time lurker. Need advice on what I should do… 60 years old and
transitioning into my third act, have worked in financial services all my
career. Have the following assets. Home (House, worth about £1.3M, no mortgage) Old DB Pension about £24k per year currently, can take it
now or up to official…
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Carrying Forwards a Pension Allowance
Hi Im aware that I can use the previous 3 tax years pension allowance, however am I able to roll back a previous tax years pension contributions in order to create more space. For example, if I exceed the Pension allowance for 24/25 and there is not enough left in the 3 previous tax years, can I roll back the 23/24…
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USS - Newbie needing help!
Hi Everyone, there seems to be some great advice on here...and great explanations on the pension minefield. I really can't get my head around it! Anyway, I am taking VS at the end of April. My severance pay is 15 months' salary, and the taxable element is £81,359.47. I am planning to pay this into the Investment builder…
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HL Slow / Busy This Year
Last year HL received UFPLS application 7 Mar, cash in bank 15 Mar, previous years similar timescale.This year received application 7 Mar, received e-mail today, 20th Mar, "We will now process your application"
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: Accessing HMRC site without passport / driving licence by QrizB
15 October at 10:38PM
