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Pension Calculation
Morning all, My wife is going to be retiring aged 55 in October this year (I am already retired). She will have a small NHS pension of around £4000 per year and she won't be taking the tax free lump sum (I don't think as it's only £12 per £1 that she commutes). She also has a SIPP that she will draw down from. Our goal is…
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Does the £85k FCSC Limit Apply to Pensions?
I'm self employed and have a private pension with PensionBee. Should I keep my pension pot below £85k and invest in a new pension with a different provider to ensure it's all protected, or does the £85k limit not apply to pensions?
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Best pension to transfer to
I currently have a couple of old frozen pensions that only allow the option of buying an anuity, an advisor has recomended take out a pension that allows draw down and other withdrawal options and transfer these to it, I still contribute to a company scheme so don't want to make any regular payments to this new pension.…
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Pension
I have a work place pension with Scottish Widow, Would anyone mind sharing what is the average expected return (low, medium, high)? and fees they pay platform and fund manager fees, please?
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Nest Sharia fund or 2040
I am currently with the nest Sharia fund which is taking a bit of.a beating as with all investments at the moment. I know that you only lose or realise the loss when you sell your shares. So far I’ve been holding on and hoping it starts going up the same as everyone with their investments. so far it’s dropped from 72k to…
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CS Added Pension and AVCS
Does anyone have experience of buying both Added Pension and AVCS under the civil service pension scheme? I have been purchasing Added Pension for a few years but a few months ago decided to split my contributions with AVCS. Deductions have been made as instructed. However, I’ve just seen on this link that it seems you can…
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Local Government Pension into NHS?
Hi All We are really struggling to understand what we should do for the best here, my OH worked at a local school and was part of the local government pension scheme (in Wales) and left there to join the NHS We have managed to get the transfer value from the NSH so we have navigated this far, problem is we dont really…
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Anyone with any experience of MP Estate planning?
I've been talking with MP Estate Planning (Bristol) and wonder if anyone has any experience of dealing with them and fundamentally - does their scheme work? They have a fairly active presence on YouTube fronted by [Name redacted by Forum Team by request] and are offering what appears to be a very attractive scheme -…
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Start pension at 55
I'm 55 and have no pension plan, recently received an inheritance of 100K and would like to use this for retirement. Would it be best to keep this as savings or start a pension?
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Query re pension income, salary, SIPP and HMRC
In March 2025 I accessed my 1995 NHS pension of £28k per annum. My salary is £65k. My total income is therefore £93k gross. I am still working and paying into the 2015 NHS pension scheme at a cost of £8,200 per annum. I had planned to make the pension income my first income and have the personal allowance moved to the…
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Advice needed: How to amalgamate pension pots
I'm reasonably financially savvy but pensions is a real blind spot for me. I'm 43 and I have always had a pension since I started work at 21. The past 10 years or so I have always put in more than my employer has matched. Currently I put in 7% and my employer puts in 5%. My pension is split between 4 pots. A tiny one I've…
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No idea what my state pension actually is.
I've been receiving this now for a year. If I tally up the monthly amounts, will the total sum be net or gross? I presume the former?Unbludybeliveably, if I log on to the Gateway, it'll happily show me stuff like the NI record, but will not show the actual annual pension I should be receiving (which should be the full). No…
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How to make NI contributions towards state pension while on low income?
Hi. Does anyone know if it's possible to make NI contributions (towards state pension) when you are employed but on an income lower than the tax allowance? I'm not eligible for any benefits. Thanks
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Anyone in high equity allocation whilst retired?
^^^? Wondered if anyone who is retired maybe had a large equity allocation - 80% plus in a global tracker- whilst protected by a cash buffer MM fund in the event of a crash? I am retiring next March at 58 and would describe myself as moderately adventurous sort of person without being reckless and I am aware of risks. Half…
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STATE PENSION - NATIONAL INSURANCE CONTRACTED OUT AMOUNT/CONTRIBUTIONS
I have recently retired an was expecting a full State pension. I was not aware the "contracting out" would affect my pension amount, which as led to my State pension being about £10 per week lower than the normal full pension amount. I know that 35 years of full "National Insurance" are required for a full pension. I have…
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DB Transfer Value
I requested a statement of my DB pension at 55 in 2022. I left the company in 2001. When i received the statement transfer value of benefit at that time was approx. 63k. The company gave us free advice, and after a very long conversation with the advisor, he recommended that i do not transfer my benefits away from the plan…
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Lump sum additional contribution
We have recently downsized and one of the options under consideration is an additional contribution to my private pension as I approach my last few working years. i understand the £60 rule and also how the carry over works for up to 3 years. My workplace pension is salary sacrifice so does that mean I am not eligible for…
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Adding a year to the state pension
I am currently self employed and was planning to cease trading next year but I will be 3 years short of the full pension contributions. I am not due to receive the state pension until 2034. Is there any way that I can contribute to make up the required years?
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Civil Service pension - help!
I'm a working Civil Servant and have been in the Civil Service for 32 years. I'm aged 55 and would like to consider partial retirement. I'm divorced and have no children. I believe I will receive a refund of some of my Widows Pension Scheme (WPS) when I retire fully. My question is, how will the refund affect me…
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Pension contributions in my pot don't match what is taken from my salary
Hi For the past 6 months the amount going into my pension is less that what has been taken from my salary. I asked for my contributions to be increased 6 months ago and also for my bonus (bonus sacrifice) to go in my pension pot. I check my pension every month and the bonus has not gone in at all and the increase has gone…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
728 discussions
6.3K comments
Most recent: paid top up contribution but still not allocated by Silvertabby
2 January at 3:16PM
