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Question on paying into a SIPP from a limited company
Hello all, I am a new IT contractor, with my own limited company (just for me), paying myself a small salary plus dividends, filling in a personal tax return - all in the usual manner. I want to set up a SIPP and I read that I can contribute into a SIPP from the company, so getting the tax relief directly - no Corp Tax on…
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Overwhelmed by pension options any advice please?
Hi, I would appreciate any advice. My private pension is stuck for the past year with a FO
dispute (in my favour), as the provider has not released information on exit terms.
Crossing fingers, I can transfer it to a flexi-draw down fund in November when
the markets are usually higher. The pension is worth about £58,000. My…
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Partial retirement and the Civil Service Compensation Scheme
I took partial retirement from my civil service job when I turned 60 last year. Slightly before I took PR I was moved to the Alpha Scheme. My new pension age is 67 under Alpha. My role is now being restructured and Voluntary Exit is being offered. I am finding it difficult to understand how my PR will affect what I might…
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Taking HL draw down
I have started the process, but it didn't complete.Moving from an Hargreaves Lansdown SIPP to drawdown. I assume that you can hold shares in a drawdown account, just like a SIPP. Can shares be moved from a SIPP directly into a drawdown account, without selling the shares?Is a drawdown account very similar to a SIPP, where…
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NEST Sharia pension - stick or twist?
I have a NEST pension scheme through my employer, and a while back I moved my investments from the standard fund to the Sharia fund, as it had much better performance. Now I know that they changed the fund last year to include Sukuk and make it no longer 100% equities. This was annoying, but my expectation was that while…
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Trying to find a SIPP platform and fund that can be essentially hands off in retirement?
I think I'm looking for something that may not exist, any pointers or signposts welcome please. I'm about 60, have stopped paid employment, no debts, house owned outright, plus an good DB pension indexed linked to a maximum of 5% PA and a full state pension at age 67 and don't need any extra income to maintain my lifestyle…
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Transfer of personal pension?
I have been paying into my personal pension since 1999. It was originally with Legal and General but this was later moved to ReAsssure Now, for reasons I still can’t understand. Long story short, in the past three years have suffered an enormous amount of stress from the apparent mismanagement and incompetence when…
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New CS - Advice for future planning with spare income each month
Hello, I have recently joined the civil service and am looking at the options for a few hundred pounds I have spare each month. I am 40+ years from NPA. I have built up an emergency fund and have a S&S ISA with a global equity fund. Can anyone explain the pros and cons of buying added pension, EPA, AVCs linked to the Alpha…
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Drawdown quotes
I have a pension pot worth just over 100k. I have adequate income from savings/pensions/investments to live comfortably without this. Is there a site which will provide a list of the best drawdown pensions and their charges? I do not want/need financial advice as all i want to do is take the 25% tax free sum in chunks and…
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Poll: Pre vs post retirement disposable income (actual or planned)
SO pre retirement our post tax, post mortgage, post retirement savings income was about 30k pa. Now I have retired, have paid off my mortgage, no NI and less income tax it is likely to be closer to 55k. Not that we are likely to spend it all. Anyone else finding their planned / actual post retirement 'disposable' income is…
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Old State Pension
Hello, My Father passed away recently and now helping mother sort out financial matters. Mother says he was receiving approx £970 per 4 weeks, from his state pension, which seems to be a lot more than the basic old state pension . He had also a DB Pension of around 10.5K , Which he paid some tax on. Mother doesn't get the…
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Another drawdown question
A specific request and getting my ducks in a row. I'm not looking for other options (I know how threads meander!) and have a clear pathway to meet my overall needs/desires. £140k pot, taking £35k TFLS. A desire to take the remaining £105k as efficiently as possible, whilst remaining under the 40% band. This will be c£20k…
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Tracking workplace pension
How can I find a workplace pension that I had with a company I worked for.i have tried pension tracker and I'm not getting anywhere
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Home Responsibilities Protection (HRP) payment - How Long for Update?
Hi All I wanted to ask what peoples experience has been with claiming HRP? My mother ( who is 75) received her letter from HMRC within 3 weeks to say she was owed HRP on her NI Record. This was back at the beginning of March and has since heard nothing else about what she is owed or if her pension is going up. Should we…
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Pension pot and annuities
Hello everyone My Husband has just resigned from his job, he is 64 and half. He had worked for the same company for the last 30 years and contributed to the workplace pension. He now wants to retire and get his workplace pension. Originally it was Scottish widows, but company decided to change to Scottish Equitable,…
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early retirement reduction factors CS pension scheme - different for active/deferred members?
I have a mix of Alpha and Nuvos pension - thinking of leaving the CS next year after 17 years. Checking my account and MyCSP doesn't have the retirement modeller on it any more? From memory it would be more advantageous for me to take Nuvos/Option A but I am still working things through. Are there any differences in the…
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AJ Bell pension
Anyone here already taking payments from an AJ Bell pension, I’m due my first regular payment from this month (was expecting it today) but have just noticed it’s paid by BACS today and expected to hit my account in next few days. just wondered if anyone has experience of this, what date does the money usually hit your…
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Grandparents specified tax credits
HiIf a grandparent claims Specified Adult Childcare credits,say for looking after their daughters son who is 7 . Daughter work's full time and claims child benefit.Dose the daughter loose out on her pension National insurance credit that goes towards her pension?Hope this makes sense.Thanks in advance.
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Paying extra into my pension to save tax?
Hello, At the end of September, I’ll be getting a payrise. My pay will be increased from under 50k to above 50k. The payrise is lovely, but it’s not something that I will actually need right now. I stumbled across something that made me think about putting extra money into my workplace pension, would save me in the long…
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Annual Allowance Previous Years Question
I was wondering if someone could help me out with working out if I have any annual allowance leeway for the current 25/26 tax year. In 24/25 I was 5700 over the AA threshold However in 23/24 I was 13400 under it. In 22/23 I was 8000 over it In years prior to this I was significantly under it as I wasn't paying into a…
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