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Pre 97 additional state pension
I hold POA for my parents. I have been looking at their state pensions since Martin said about the 60% ruling. Dad has his basic amount, then the additional Pre 97 amount minus contracted out deduction, then graduates retirement benefit and age addition. Which figure should I be calculating Mum's pension on? Would like…
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Wife's use of my bank accounts.
My wife and I are elderly. All bank and savings online accounts are in my sole name although we both accept the monies are jointly owned. My wife has full access to these accounts with passwords etc although she very rarely uses them.Upon my demise can she withdraw from these accounts or do I first have to give written…
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Strategy for accumulating cash bucket prior to retirement
Hi. Thanks to everyone that posts on this forum. Your opinions have been really useful to me. My scenario; all my retirement funds are within a SIPP. Global Equity and Tech accumulation funds. Best case: 6 years away from retirement, worst case: 8 years (depending on Global Equity performance!). I plan on 4 years of income…
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Maxing out my Tax Free Payment into LGPS using AVC
Hi, I am in the Local Government Pension Scheme and joined in 1990 and so my pension is part final salary and part CARE. I want to retire early and also max out the amount of money I put in the pension in the next one to two years by setting up an AVC (I think rather than APC). My understanding is that money paid into an…
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Pension income and annual £3,000 gift allowance
I had no idea until I read recently that every year we have an annual £3,000 gift allowance and there is no tax due on any gifts made seven or more years before we die. Better still, we can also make regular gifts from excess income — so, for example, if my SO takes more than they need from their pension, they can give…
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NHS pension nominated person
Hi, I am hoping someone can give me some advice about my girlfriends nhs pension. We were together for approximately 10 years before she died of cancer in January 2024. A couple of months later I received a letter from NHS pensions saying my gf's pension had been left to me and to fill in a form to claim it. However we did…
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Advice re BBC pension (old benefits)
Hi all, I'd welcome advice on the following. I turn 60 in July and have the option of taking my BBC pension (I was at the BBC 1991-2005 so am under the old benefits scheme). I am now employed as an academic and not planning to retire until summer 2026 at the earliest. I earn just over £70k gross. I do not need the cash…
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Feedback and thoughts on UFPLS providers
Hi I'm around 1 year away from retirement and, having reviewed the options for drawdown, believe that UFPLS is the most suitable option for me. I'm looking at providers and a search through these forums comes up with several, including AJ Bell II Vanguard Aviva Hargreaves Lansdown Am I missing any other providers that I…
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Paying Tax on Old Pension
HI My Old state pension for 2025 is £231.63 and I get Pension Credit(Savings element) 0f £15.49 This gives a Weekly Total of £247.12 which is £12,840.24 per Year But the Tax allowance has not risen so is at £12,750 So am I supposed to pay Tax on that £280.24 p ? Surely Not? Grateful for any Input Cheers Dave
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Leaving one job and starting another pension advise
Hi, I'm 52 and I've worked for Royal Mail for 11 years and have paid into their pension scheme since the start which goes into Scottish Widows. At the end of the month I'm going to working for the Council which they will enrol me into their LGPS scheme so:- A. will I need to advise Scottish Widows to freeze it or will it…
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Trying to transfer out of Capita workplace pension into SIPP - terrible experience
Hi, I've been trying since early Jan 2025 to transfer out of my old workplace DC pension scheme held with Capita into a SIPP with interactive investor. I've completed all forms requested and sent back, interactive investor have done the same with their responses. The problems are firstly with their horrendous website which…
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Advice re pension funds
I have an Aviva life strategy pension that I wish to start drawing down from in about one year when I am 55. It’s currently invested in two funds 58% My future focus growth S6 https://markets.ft.com/data/funds/tearsheet/summary?s=GB00B4W9CK61:GBP 42% My future focus consolidation pre 2024 S6…
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Tax free lump sums
Hi I have both a DC and DB pension. As it currently stands, were I to take the full TFLS from my DC pension that would be just over £160k. However, I'm not going to take that all in one go. Instead I will crystalise the amount I need each year and take a TFLS from that figure. So over the course of my retirement I expect…
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Tracing Pension Contributions
Hi, I am trying to trace some details from old employer in regards to a potential lost pension. I want to check my contributions made via old payslips or tax documents and am looking to submit a SAR request to HMRC as over 10yrs ago. But can anyone tell me which document I should also ask for would show me details of any…
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Pension advice
I need pension advice - I have a SW pension with my former employer worth £80,000 and I am due to retire in 2041. 100% of the funds are invested in SW Baillie Gifford (Series 2). I am no longer paying into this pension and I am now working with the Civil Service. Should I move this to the new pension with the Civil…
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Lgps pensions being amalgamated .
As this government has plans to combine all lgps into one enormous scheme to allow for major investments does that mean if they make more profit members will be entitled to a larger pension or an annual bonus . Not holding my breath
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No nhs pension after 9 years nursing?
Hi, my mum was an nhs nurse for around 9 years, from 1973 to 1982. I'm puzzled as she retired from self employment at the age of 66 in 2022. She now recieves the full state pension for her years worked, but there's nothing extra for being in the NHS, which doesn't sound correct to me. Thanks for any advice!
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NHS 1995 Pension doesn't grow after 60
This doesn't apply to me but after a recent conversation with a colleague who is 63 and was asking me about pensions (I've become the the resident pension bore) I've realised recently that many NHS Staff are giving up free money without realising. I don't think there is clear information out there, I'm wondering if this is…
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Calculator giving zero DB Input - Can I put all my earnings into a SIPP?
Hi - I tried to look for this matter in many places (including this forum) but cannot find a straight answer. I hope that you can help me. I work at a local council and I am a member of a LGPS DB pension scheme. This is my only pension. I want to put money into a SIPP whilst staying within tax relief limits. To put money…
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LGPS Maximum Lump Sum APCs and Tax Relief
The LGPS uses net-pay arrangements so APC tax relief is limited to tax paid. Does this mean specifically limited to tax paid via the LGPS-associated job, or more broadly limited to tax paid via LGPS job + other earnings? Example: Someone has a part-time role for a Council with £15k salary + £5k self-employed earnings:…
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703 discussions
6.2K comments
Most recent: HMRC call back wait times by molerat
29 August at 10:37AM
