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Paying additional funds into pension this month.
I'm currently a higher tax rate payer - about £60k PA before tax. I pay into a workplace pension - civil service. I also have a Nest Pension - if I make a payment into this Nest automatically get me the 20% tax relief - but can I get an extra 20% ( to make up to 40% ) , and how do I do that, and also how much can I pay in?…
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New pension and not working
Hello Everyone I was wondering if you can help with the following. I am 50 and not currently employed. What are my options if I
wish to pay into a pension. 1. I believe you are entitled to pay £2880 in a
pension and the government will top up 25%. If so do I pay the full amount and
have to apply for a refund or does the…
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confused about contracted out pensions?
hi, my wife and i are begining to think about getting pensions into line and are getting easily confused, can you help? We have checked our state pension on the Govt Gateway and our forecast states we will get our full entitlement, but further down it states that for some years our pension was contracted out which might…
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Small inherited pension
Could really do with some advice as I have inherited a small pension. This pension. Am I best to cash this in and pay tax or could it be transferred into a separate pension and draw half out this year and half out the following year which would bring it under the tax threshold? I am 56 y/o and any advice would be…
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NHS ill health pension - annual allowance
Hi all Very long time lurker and fired up the old MSE account in our time of need! Wife taking ill health NHS pension tier 2- confirmed She hasn’t got HMRC SIC test, is unlikely to get at appeal and unsure if wants it anyway So due to tier 2 enhancement , This looks like it has put her over annual allowance - I’ve…
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State Pension confusion
Hello, My wife and I were checking our state pensions, I am 2 months older than my wife, we both have 22 qualifying years, but for me i only need 9 years to get the full allocation whereas my wife needs another 14 years. Can anyone explain why?
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NHS Retire and Return Death in service
Not even totally sure if this is the right board for this, but I was asked to help a friend whose wife passed away recently. Any NHS experts here? She was an NHS employee who had been working in the NHS for over 30 years. In 2022 she took her benefits under the 1995 section and then immediately returned to work part time.…
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Pension Forcast
My wife is 64 and has not worked or received benefits since October 2020. Shas obtained a State Pension forecast (dated 16/9/2024). It says: Your forecast is £221.20 a week. This is the most you can get. You will reach State pension age on 6/7/2027. My question is, does the forecast assume that she will pay NI from now…
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"Copy" Birth and Marriage Certiifcates
Forms such as the NHS Pensions AW8P ask for original birth and marriage certificates. However, the original issued at birth are not always available. So does this mean original or does it mean government issued as opposed to a photocopy? This is frustrating when the missing certificate is the result of a failure to return…
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Should I wait to increase pension contributions?
I’m in a lucky position to be able to increase my contributions and also pay in a lump sum towards my company pension, but I have noticed in the last month that the pot has taken a dramatic fall. Should I hang fire? I am about 6 years away from retirement age, if that affects anything. Thank you.
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55 and no pension
Hello, First time posting and don't know all the pension jargon, so please bear with me. My OH (55 years) has been self employed all his life, and has no pension whatsoever. (never the right time, kids, mortgage, recessions etc) I (53) have 3 small pots from part time jobs over the years, projected to approx £4000 pa. We…
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Work Place Pension to SIPP
I am longer paying into my pension and I am thinking of moving my work place pension from Scottish Widow (SW) selected by my ex IFA to DIY SIPP. The current charges are : 0.35% AMC for Scottish Widow0.51% SW Veritas Asian CS8 0.954% SW Schroder UK Alpha Plus CS8 0.82% SW Royal London UK Equity Income CS8 0.968% SW…
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Transfer existing bank pension to LGPS
I appreciate no advice can be given. but would I be correct in thinking that it is a no brainier to transfer my existing bank pension to my current LGPS pension ( currently on temporary contract) any comments would be greatly appreciated
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spouse benefits on an annuity
I am sole executor for my father-in-law's will. I'm having real angst with two insurers on the matter of spouse benefits - in both cases 100% - and the payments were going into a joint account. Both have stopped paying my mother -in-law - both have done so without writing first. Both are demanding original birth and…
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Pension Advice
Hoping for some advice - sorry if I have not posted in the correct place! I have about £20k saved in Prudential - not paid anything in for over 20 years and about £5K from an employer (left 5 years ago). Is it really worth me trying to find a pension investment for this rather small amount or would I be best withdrawing it…
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Amount paid into pension
Hi, hoping you can advise whether what I am doing is allowable for tax: I have taxable income of £70,400 for 2024/25 and have made personal contributions of £20,967 to my SIPP, which have been grossed up to £26,209 by my provider reclaiming the tax. My employer has made contributions of £51,923 to the same SIPP. I have…
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State Pension forecast
I just looked at my forecast and it says I can get my state pension in Nov 2027. my forecast is £221.20 a week I cannot improve my forecast anymore. I have a few years (2) where "year is not full", but they are approx £900 per year. Do I need to do this or does the site imply I have contributed enough to qualify for a full…
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Pension
Hi I’m new on here so bear with me, I will be 70 next week and took early retirement in 2013 to care for my wife who has brain tumor we both now have state pension and my carers allowance stopped when pension started, I noticed that my wife who was retired through ill health and is on pip is getting £20 more a week than I…
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pension deferral or not
if working full time and deferred my state pension last july birthday in my understanding have 4 and half years untill i want to retire am i right in saying my only down fall if was to take my state pension after a year of deferring would be i would be taxed more as of still working full time so would be in higher tax…
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Employer not making workplace pension contributions
Unfortunately, I’ve discovered my employer has failed to pay the pension contributions for all employees for the past 4 months. The deductions from pay have been made and it’s all recorded on the pay slips. The pension regulator is aware, the employer has stated they have cash flow problems and cannot confirm when the…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by medgoode
14 May at 4:45PM
