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Organisation told me I had opted out when I had not
I accepted I had opted out as I could not prove I had not done so. I knew I had not as I have never opted out of a pension in my life. I recently found a payslip and contacted the organisation. They admitted I had been opted in for some of my employment. I then contacted the pension organiser who said they had never paid…
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St James Place
SJP on BBC Rip Off Britain this morning,I wonder why? ;)
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saint james place
Is SJM a safe place to invest in ? And does it perform well compared to other investment options ?
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Workplace pension contributions - Opting out of qualifying earnings cap
I recently asked to increase my contribution to my works pension, and was advised by our HR that my "pension contributions are currently capped using the “qualifying earnings”
calculation - you may want to consider lifting the
cap and moving from the qualifying calculation to either base pay or all pay
elements as this may…
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SIPP government top up
Hi all, I opened a SIPP with fidelity yesterday and added the £200 I plan to contribute monthly. I’ve divided it equally between two funds that I’ve chosen. I know the government will add £50 for every £200 I add monthly. Does this government top up get invested automatically and equally between the two funds I’ve chosen…
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Advice on financial priorities for the next 5 years – retirement planning & mortgage
Subject: Advice on financial priorities for the next 5 years – retirement planning & mortgage Hi all, I’d really appreciate any thoughts or advice from this wise forum – thank you in advance for your time and generosity in sharing your insights. I'm 57, single woman, and co-parent to a 14-year-old. I work full-time and…
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Ill health retirement with arthritis
After having a few years of ill health with joint issues, late last year I was diagnosed with Seronegative polyarthritis. i have been off work 8 months and now on reduced pay. I see a consultant and I am going through treatment, this may help but to what extent is unknown. I also had an MRi showing significant bone and…
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Additional payments with local authority pension scheme
I am in the local authority pension scheme. Last year I did a lot of overtime, so much so I decided to stop in February to prevent my annual salary going over £56600, because if it does my pension contribution goes up from 6.8% to 8.5% on my entire salary, which means I would actually take home almost £1000 less earning…
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On retiring what are the rules for withdrawing money from a SIPP
I have a SIPP and I don't want to go down the annuity route when I retire. My plan is to take up to the 25% tax free amount when I retire. But then how do I withdraw the rest when I need it? For example can I simply withdraw an annual amount each year to live on in retirement. So I leave the SIPP investment in place and…
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SIPP minimum balance
Just wondering if anyone has come across this. I have a small sipp with Fidelity. As I'm no longer working, I thought I'd tie up this loose end, before I start three other pensions , two in December, and one next April. So, I wanted to take 25% tfls, and then the rest monthly if possible until it's empty. It says I can do…
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Pension Planning Handbrake - firmly pulled!
Oooh, honestly, I thought this would be a little simpler, but I knew there would be a stop sign, let along a full-on Handbrake and screech to halt with my DB Pension. Plan was simple - take 25% of my fancy DB Pension on my birthday (55) in a months time. My financial advisor told me they can't do it—it has to be an FCA…
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Pension Pot
I retired at the end of March I have an Aviva (My Future Focus Drawdown) work place pension which has performed well leading up to retirement. It has taken a bit of a hit over the last month but I am not planning to take any money out of the pot for a few years. My question is should I move the pot to a safer fund or…
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45 years paying NI, but not getting full pension?
This all started after I saw an article on here about State Pension boosting and so started checking things out!!...... I am already recieving my pension, but it is £11.06 short of the £221.20 per week of a normal full pension and I don't understand why. I was employed for 28 years non-stop (from 1972) and paid full NI…
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Defined Benefit Pension - Tax free lump sum or larger pension?
Sorry, appreciate this question has been asked and answered a
fair few times on this forum, but opinions do differ dependant on the numbers
and individual circumstances, so looking for any pearls of wisdom which might
get me ‘off the fence’ on this one. In a nutshell: Married. Coming up to 60. Decent health. Mortgage paid…
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civil service pension
hi, I have left civil service many years ago and now at 60, they offer 60k lumpsum with 9k annual pension or 34k lumpsum with 11k annual pension...I think I would be better off taking the 60k with reduced pension, but what do you think? tia
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GIVING MONEY TO KIDS
My total estate is below the inheritance tax threshold. Does that mean I can give my children as much money as I like without paying inheritance tax?
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Pension amounts don’t seem right
Hi, could someone just reassure me about my pension deductions. They don’t seem right even allowing for them being taken after tax etc has been deducted. Total wages 2166.67 Tax 224.60 NI 89.49 Postgraduate loan 25 Employee pension 65.87 Emoloyer pension 49.41 I can’t seem to make those pension amounts add up to 8%. What’s…
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Government's Future Pension Centre hotline
I'm trying to get through to the Government's Future Pension Centre by phone, to check the position of my NI contibutions for 2016/17, which is marked 'pending' on the Gateway website. However, when I select the correct option it cuts me off. Every time I ring, it cuts me off, whichever option I choose. There is no queue,…
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Anti US bias world index funds
I've been thinking recently about world index trackers, and the fact that the US big 7 stocks (Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla) make up the best part of 20% of the index, and the US at >50% of the index. What are people thoughts on Multi Asset 80+ Equity funds / Multi index funds (basically…
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COPE - State Pension
I checked my pension forecast online a few years ago. It showed the projected pension, and also had a link to a personalised COPE deduction. I just checked again today, and there is no longer a link to a personalised COPE deduction. The optimist in me says: YAY! You should expect the full amount!! The realist says: Where…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
724 discussions
6.3K comments
Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
4 December at 1:45PM
