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9 Month Pension Transfer - Inaction and Loss of Investment Growth?
My daughter left a council job at the end of December 2024. She got a letter on the 9th January stating her pension transfer value was just under £12,000. She signed forms on the 17th March 2025 stating that she wanted to transfer it to a private SIPP. It has only just been transferred and the value is the same as the…
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I've moved overseas - what to do with State Pension
Hi all, I know the info is probably somewhere on the main website or on this forum but I haven't had much luck finding it. I'm looking for advice. Here is my situation - As of 1st April 2025, I left the UK and haven't contributed to National Insurance. Before that I contributed for 14 of 17 years (since 2007-2008), missing…
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need very best ssip for making the most money?
hi im a newbie to pensions i want to start my own ssip im 54 i want to retire and draw on my money/pot when im 67 i want the very best pension provider for making the best amount of money/potback i want to pay in £125 a month into the pension providers that you recommend so i can really boost my state pension i want it to…
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lategenexer help please
Hello, I am using the helpful lategenexer gilt ladder builder, but unsure of the cashflow predictions. When predicting index linked values, it shows that the future withdrawals are are all the same amount, do I assume that as future RPI is unknown, the actual values should increase with the index linked redemptions, or has…
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“Apologies for any inconvenience”
It’s hard not to feel sorry for Derek. At his age this is probably quite hard to come back from, and also a rotten thing to happen just before Xmas. I know the public purse has a duty to recover overpayments, but I wonder if the same thing would have happened with a private sector employer.…
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SIPP interest 3% +
Hi All Do you know of any SIPP which pays 3% + interest on uninvested cash below £100k please? I know of Best Invest Many thanks Chris
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Do i have any hope in retirement discussion
Early 50's own property outright with a value around £220k also £120k in savings accounts. My dream is to retire to South East Asia if that could be possible but i know i would need a minimum income of £2k a month after tax to cover expenses. I dont have a private pension, only the state one. I know nothing about…
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Has UC removed my NI credits a year into my pension?
My partner and I had a UC account from early days, a dozen years ago. This made sense as I was self-employed throughout that period. As I approached 66 years old at the start of 2024, I diligently checked and topped up my NI years until I had 35 full years. Only around £2k altogether, covering about 8 shortfall years. I…
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Paying into SIPP when workplace pension is DB
Hi pension experts, I (48, single, no dependents) have been starting to get my plans in place for a hopefully early retirement. Up to now my savings have been into S&S ISA/LISA and premium bonds (emergency fund). Having read lots of the advice on this forum I now understand that additional pension saving would be a better…
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Vanguard Life Strategy
Been reading a few threads on this forum and elsewhere ref. Vanguard Life Strategy (VLS) funds and if possible I'd appreciate a few thoughts from those who know far better than me. I am 61, still working, though considering retirement, and have 2 SIPPs with HL and Bell made up of 100% equity funds/ETFs - low cost…
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FIRE Girls Pension Diary - Aim High & Dream Big
10 year targets are set and I'm aiming high and dreaming big. :) A bit of background. When I was young I grew up with a family of 4 children, Dad worked and Mum stayed at home. We had very little material things or new clothes and I remember I was always dreaming of how I could possibly become a millionaire. So why not…
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Seeking advice on contracted out Pru pension plan
Hello, I am no longer a UK resident and trying to understand a Prudential Personal Pension Plan started in 1989 (contracted out of serps). On the last statement in April it reads as follows * Current transfer value on 15 April 2025 was £64,800.00 * Selected retirement date is in 2032 * Current plan value (excluding Final…
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Results of Government consultation re IHT on pension pots today
https://www.gov.uk/government/publications/reforming-inheritance-tax-unused-pension-funds-and-death-benefits/inheritance-tax-on-unused-pension-funds-and-death-benefits#general-description-of-the-measure Key point of departure from original announcement, the liabilty has shifted from the pension scheme administrators across…
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State Pension, Marriage Allowance & Tax Implications
I'm 70 & receive both a State Pension & company pension, & my wife also receives a State Pension, but she has no additional income. A few years ago she transferred £1000 of her tax allowance to me, to reduce my tax liability. How does that work now? Does that £1000 off her tax allowance disadvantage her (or me) now? Is it…
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Pension tax announced in 2025 budget
Am I correct in thinking (and hoping) that the changes announced in the budget recently relating to national insurance on salary sacrifice pension contributions above £2k per year do not apply to private SIPP contributions that I make through my payslip each week? I'm aware the changes don't come in til 2029 but I'd still…
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Pensions
Approaching 55. in April 2028 the age for taking a private pension rises to 57? I am 55 just after this cut off(a tad annoyed if that’s the case.) I have :- Final Salary 1 Final Salary 2 Direct contribution salary 1. Approximately 7 years in each. Now I believe the final salary are saying I can take from 55, how do I check…
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Tax code change after cashing in pension
Hi All, I am wondering if anyone can help me understand HMRC processes please. I am currently taking a small DB pension, and have just cashed in a DC pension all in one go. Allowing for the tax free lump sum, this keeps me Just below the higher rate tax threshold. I have just received a notice from HMRC that they have…
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I'm due to turn 55
I am watching a lot videos on investing. I have came to the party late for investing, but I want to invest as much as I can. After I draw money from my pension when I'm 55. I know the rest of my pension is crystalized. I will still be working full time and paying into a workbase pension max at 13%, not touching this pot…
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Can anyone kindly confirm how much I can pay into my SIPP each tax year?
Hello to all, this is first thread after years lurking and learning a lot. I am 59 and in full-time employment. My gross annual salary is £58,000 which I am currently using sal sac to reduce down to minimum wage - c. £23,000 - by way of my work employer's DC scheme. I also have a SIPP with II and wish to pay as much as…
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What constitutes salary sacrifice on a pension
As I am already retired this doesn’t impact me now but I am curious. If I understand it correctly, pension salary sacrifice is where someone gives up salary for a larger employer contribution to the pension, normally a pension contribution by an employer is not subject to tax or national insurance. How does the system tell…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
727 discussions
6.3K comments
Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
