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Registering on .gov.uk "Manage your State Pension"
I just had a painful process registering with www.gov.uk/manage-state-pension Fo some reason they don't use your existing gov.uk login but need to create a new one. There's a bunch of ID verification by asking you for details from various sources. I chose driving licence and passport as those seem straightforward - read…
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Quick SIPP Transfer
I recently asked for my Legal & General SIPP to be transferred to my main Vanguard SIPP. It took 6 working days for the money to appear in my Vanguard account. That compares favourably with one which I did a few years ago into Vanguard and it took around 3 months. That one was with Utmost, who had recently taken over my…
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Home Responsibilities Payment 78-2000 Deceased person
I have just read that you can claim/look into the possibility of missing HRP I am the daughter born in 78 of a Mother who passed away in 2023. For the life of me I cannot find any information on how to get this sorted on her behalf, even on the Gov.uk website /HMRC it just says to apply online, but I can't as I don't have…
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DB Bridging Pension Option Questions
Hi All, Would welcome any thoughts on the following: I have 2 DB pensions which are available to me without actuarial reduction at age 60, this coming June. Both pensions are from 2 different periods of service from the same over-arching scheme, however are treated as two distinct schemes (with differing scheme rules). I…
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33k Pension fund
Hi all, hoping someone can clarify, my sis has a pension fund worth 33k with Aviva, she wants to take the cash and move it to a SIPP so she can withdraw money when she needs it. Am I right in thinking she needs Financial advice because its over 30k? Any idea what that would cost? TIA
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5.375% Treasury Gilt 2056
ii are offering " early access to a new conventional gilt" as listed in the title. As someone who has retired, the idea of something that pays over 5% for the next 30 years seems quite appealing. What am I missing??? Thanks
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Annuity Rates - 55 vs 65
Hi all New posting, although I've been lurking for years. Sorry this is probably going to be a daft question. I recently looked at annuity rates here: Annuity Rates: View Best Annuity Rates from the UK Market Specifically looking at: joint life 50%, level, no guarantee£6,332at 55 and £7,228 at 65. If I took an annuity now…
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Late father's DB pension.
My father recently passed at 71. Among his paperwork we found several letters relating to a final salary scheme he was enrolled into in 1978. They repeatedly offered him £4,500 a year but due to his poor mental health he ignored them and didn't do anything with them. I've just heard back from the scheme and they have said…
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Defined Benefit Pension Transfer / Insistent Client Advice.
Hi, I hope everyone is Ok. This is my first post and I’ll be very grateful for any advice or help with my questions as regards my defined benefit pension transfer and the insistent client process. As background I’ve got a defined benefits ( final salary / work ) pension with my old company that I paid into for only a…
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Employer will be moving from Scottish Widows to Royal London Pension
Hi all, As the title suggests, my employer is moving our workplace pension from Scottish Widows (SW) to Royal London (RL). We’ve been given two options: * Leave our existing pension pot with SW, with all future contributions going into a new pot with RL; or * Transfer everything to RL, meaning our current SW investments…
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Pension flex - thoughts please
Hello - newbie here, very confused and a feeling bit silly as I feel I should be able to get my head around this! I'm approaching my 63rd birthday, and have been a USS member since the early 2000s, at which point I transferred in around 15 years' worth from SAUL. While I expect to fully retire around age 65-66, at this…
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CS pension - when to take Classic/Alpha
Quick question on normal retirement outside of VR, regarding taking Classic at NPA 60 with Classic in remedy (+ standard lump sum), and deferring Alpha/added pension to NPA / SPA 67 (with Alpha in remedy - assuming Alpha in remedy is the only remedy option anyway when taken at 67). All other things equal like lifestyle…
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Bigger pension and tax
Hi, So I'm about to join a new company (yay) and the salary now puts me at the start of the 40% tax bracket (56K). I was going to do AVC's as its salary sacrifice and I'm allowed to put in what I want (no debts). I read somewhere about a bigger tax relief at 40% but A) dont really understand it tbh and B) you need to start…
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Nest Pensions
In December 2024 my wife director/owner of our company wrongly/mistakenly ( as we are new business owners) paid from our business account a £5000 pension contribution which shows on her dashboard as a personal contribution. She has made contact several times excess of 20 to Nest. As the contribution should have been made…
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NI Gaps and no information in defails 1980-1990s
Hello I got my state pension forecast online which suggests when I retire age 66.6 in 2027, I will not qualify for the full state pension. I have gaps and online, there is no information against those gaps. I have evidence that at least 2 years of full-time employment were not added. Is this likely because HMRC was paper…
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Pension and retirement planning advice please
I am 54 years old and would like to retire at 60. I’ve been working at a university for the last 15 years and at 60 the teachers pension calculator suggests I will be able to access £18k per annum. I have £50k in cash isas and approx £100k across two Sips. I have no mortgage and a have circa £1200 a month that I have…
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2024/2025 SIPP contributions
I am filling in my self assessment form and I need to fill in my pension contributions for the 2024/2025 tax year. on ii, I can see the current year contributions but not the previous tax year. I can see my transactions and I made a contribution on 6th March 2024 (so not relevant) but the tax relief was applied on 22nd May…
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The Gap Years - Car Leasing and Credit
It looks like I may be getting closer to being offered VR from my employer - which will give me hopefully enough to “bridge” the 18months till I am 55 and can access my pension. I’ve always leased cars - mostly through VW Financial Services or a leasing broker for them like Stable Vehicle Leasing. These involve finance…
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Retirement Decision
I’ve been a member here for a
while and have enjoyed reading the various posts about early retirement. Now, I
find myself at a similar crossroads and would really appreciate some
encouragement and advice from those of you who’ve made the leap. To start, I know that
everyone's pension and financial situation is different,…
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Best way to buy Scottish Widows annuity
I have a pension fund with Aviva and want to buy an annuity. Coming up to 75th birthday. Money Helper shows rate from Scottish Widows would be significantly more than Aviva direct rate.But how to buy? Broker Hargreaves Lansdown quotes rate much lower then MH shows. Rate from RetirementLine is better less tan MH. I don't…
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728 discussions
6.3K comments
Most recent: paid top up contribution but still not allocated by Silvertabby
2 January at 3:16PM
