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missing NI contributions for state pension
I am thinking of buying 3 missing years NI, at c£2400, to boost my state pension to near maximum allowed. I reach state pension age Apr 2027. I'm a little concerned the government could, potentially, introduce means testing before i reach pension age, which would impact me as i have a company pension. So £2400 would not be…
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National Insurance contributions below the threshold
Hi, Just wondering, is there a way to voluntarily pay for NI if you earn below the £12,500 threshold? Or should I just put money aside each month to pay off yearly gaps in my record? Due to my jobs being casual I can't see me ever earning over £12,500 between now and me retiring! I currently have at least 10 years so I…
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Saving on paying Tax with my Redundancy Pay
Firstly thank you for taking the time to read and the possible advice. Ok so after 33 years (Age 56) I will be made redundant and luckily my Employer is giving me a not to shabby package with 2 options for early retirement. Option C Enhanced Severance with retirement / early retirement Enhanced Severance Terms £56,080.20…
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state pension NI contributions
Hello lovely people I thought it about time I looked into a bit of pension planning and my first stop was forecast of my state pension. When I looked at my NI contributions there were 3 years (back in the 2010s) which stated they are not full years and what amount I should pay to top up. I thought hang on a min, I had a…
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Pension advice
Called the state pension helpline, cut off twice third time told will have to wait upto 8 x weeks for advice ?
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Is it really worth topping up missing years
I retired last year and was 5 years short in my NI contributions. I have £8000 in savings I get topped up with pension credit to £218 I get my council paid which saves £100 per year I'm seeing a lot of advice to top up my missing years, is it really worth using over £4.000 to pay my missing NI contributions
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Draw down pension before 2027
Dear Pension Experts, I am a 75-year-old widower with no partner. My total estate, including my private pension, is likely to exceed £500,000 when I die. Assuming I live until at least April 2027, it seems to me that my private pension may then become subject to Inheritance Tax (IHT). To reduce the potential IHT liability…
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Still issues accessing my Government Gateway
I can still receive the access code via my land line phone number. But at some point my land line will no longer work. I can also sometimes access the code number via my HMRC app. When it works the login screen covers the whole of my iPad tablet screen. When I choose the app option I get a small box at the top of my tablet…
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How to best top up gaps in NI contributions for state pension
I would like some help please working out how to get the best state pension for my wife who reaches SPA on 11 June this year. As she has no photo id we cannot use the Govt Gateway to get an idea of her pension value. We have not been able to get through to the FPC, but have followed the advice to request a callback, so…
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Another SIPP question I'm afraid
Apologies for just joining and asking for help, but here goes... I'm 75, In 2016 an IFA transfered a small pension (then about £28,000) into a SIPP. In 2019 the IFA retired and closed the office leaving me to manage the SIPP myself (now with AJ Bell). I haven't accessed this or any other pension (apart from the state…
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One off small lump sum drawdown from Private Pension affect on Universal Credit
Hi, and firstly apologies for asking a question which has been discussed before. I have read some answers but am still not confident of a definitive answer. I currently receive both Universal Credit including limited capacity for work due to long term physical illness and mental health issues. I also receive PIP. I have a…
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Superannuation early retirement
I have paid into my pension for 38 years and was hoping to retire at 60 thinking I would loose about 10% of my pension, but after getting a quote, I would actually loose 36% of what was predicted which works out at just over £10.000 per year. My yearly pension would only be £17.440. But what I’d like to know is, what if I…
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Expression of Wish Form...
Hi, My Mum passed away in May 2024 at the age of 68. When dealing with her affairs, I contacted her private pension company to inform them. I was told that my Mum had done an expression of wish form listing me (I'm her only child with no other surviving family members) to be told casually "oh it was done a while ago so…
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Advice on taking LGPS Pension early.....
Afternoon all.... I've virtually made my mind up to "retire" from my current LG role and am fairly comfortable with my pension forecast (almost 40 years service). Problem which is keeping me awake at night is whether to take the biggest lump sum (approx £100k) and smaller annual pension or lowest lump sum (approx £35k) and…
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State Pension Over-reporting by DWP to HMRC
For the first State Pension payment into the bank each year from the DWP, my OH gets an amount equal to 2 weeks at the previous years rate and 2 weeks at the new rate for for the current tax year. The subsequent 12 payments are at the new rate and don't vary. That all makes sense. When DWP report the yearly figure as…
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London and Edinburgh insurance - Help me track down a pension adminstrator
My partner used to work at London and Edinburgh and had a non contributory staff pension. She is struggling to find all relevant paperwork related to the pension, but has done some digging and ascertained some info London and Edinburgh were taken over in 1998 by Norwich Union, and then rebranded as Aviva.HMRC have noted…
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SERP - how to find out if I was contracted out?
HelloI'm reasonably confident I contracted out of SERPS around 1987 / 88 (I worked at an insurance brokers and it was encouraged). But I left this employment in 1989 to return to full time education and didn't return to work full time until around 1994. I don't recall ever receiving any documentation. Most of my enquires…
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Pension annuity rates
An easy question, hopefully! Where do I look up indicative annuity rates to get an idea whether it's worth transferring my DB pension into an index-linked annuity, rather than drawing it direct from the scheme? I think it's unlikely to work, but I'd just like to check.
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Work pension advice
Hi all have had a quick scout through the section, but can't find the answer i am looking for. I have a work pension, which is pretty good as my employer matches my contribution up to 6% of my wages. I'm at a stage where I can cash in my pension early. Now I will get professional advice before i do anything, but was…
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Clerical Medical - Extremely Poor Service
There's a few posts on here from a few years ago about Clerical Medical's poor service but I just wondered if I'm the only one having issues currently. I'm a trustee of some bonds from my late mother's estate and trying to get a partial encashment. I have already had one complaint upheld as the initial enquiries about how…
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: Help! HMRC State Pension Topup Callback by SVaz
18 October at 3:04PM
