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Pension Recycling
I am paying into civil service pension scheme (previously
Classic, now Alpha) total service about 29 years – 18.5 in Classic and rest up
to current in Alpha (mcloud Option B!) In Feb 2023 I got promoted and went into 40% tax territory
and to mitigate this started an AVC (initially 10% of salary) – increased this
to 15% and…
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Appointed SASS Administrators renege on the agreement
Help, We set up our sass and went with an admin company we have found unfortunately to be unsatisfactory in the services provided. We joined the scheme in July 2022 and paid annual fees and were advised we would have annual board meetings with them to discuss the Sass. In the next year, they demanded their annual fees in…
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Tracing lost pensions - advice please on hard-to-find pensions!
Using the Pension Tracing Service, Gretel and Aviva's Find & Combine service, i've successfully tracked down the majority of my pension pots, but there are potentially two outstanding sums from the 1990s that are proving incredibly hard to track down. Does anyone have any advice on getting really forensic with pension…
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State pension forecast
I'm just trying to see my SP forecast and the web page is displaying a 'Sorry, we are unable to calculate your forecast at the moment' message. Obviously this is not what I want to see and it isn't urgent so quite acceptable, but the message also says 'Your State Pension forecast will be available on 29 May 2024.' Does…
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DC Pension: married with no kids.
A lot of comments I see on DC pensions seem to have kids and inheritance in mind. I have work colleagues who wish to leave as much of the pot intact to pass on. Without kids is there a different way of looking at it or is the 3-4% SWR still the way to go? Thanks in advance.
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Moving SIPP from Aegon to II but rate already good I think
I've not been impressed with Aegon's online platform or customer service particularly, and I've read a few bad reviews about problems when retirement time comes, so I've been thinking of moving it all to Interactive Investor. Pot is currently about 250k, split across various funds. I do have quite a good platform rate…
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SIPP Tax Relief Question
Please could somebody answer what might be a stupid question about my wifes SIPP? She's a PAYE employee earning less than £25k so a basic rate taxpayer.For the last 3yrs she has been paying £500/mth into a Quilter SIPP managed by a FA.Her pension account shows the current value only based on what she has paid in less…
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Aegon SIPP -- Can't see any defence related funds
I have a SIPP with Aegon, and I'm looking to move some money into a defence related fund (Invesco Defence Innovation UCITS ET, VanEck Defense UCITS ETF A, etc). There seems to be plenty of them in the wild, but the Aegon fund research tool doesn't list any at all. Speaking to their customer support to find out why is an…
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State Pension Deduction
I was contracted out when a member of a DB scheme in the late 1980s/early 90s which I understand will reduce my DB pension. On current forecasts from the scheme admin that'll be by about 7-8%. Two questions: 1) If I defer taking the SP will that also defer the SPD? 2) According to my SP record I can't improve my SP…
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Take DB pension early or not as part of 'bridging the gap'? (inheritance vs longevity risk)
SO my plan was to take my DB unreduced (and obviously SP) at SPA using some of my DC to bridge the gap from 55 to 67 via an Index linked gilts ladder with the rest of the DC being taken over the whole retirement on a 'SWR' basis. The thinking being that maximising guaranteed index linked income is the best longevity risk.…
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State Pension
Hi, Later this year I am returning to the UK permanently from down under, my state pension has been frozen since I've been here. My question is, will my pension be increased to the normal rate instantly upon my return to the UK, or is there a waiting period? I rang the International Pension Centre and the person I spoke to…
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LGPS pension statement "your pension is worth this much" vs "your pension at retirement"
I know this is probably a silly question, but could I check my understanding of my LGPS pension statement please? I may be leaving the employer soon and want to gather figures as part of some financial planning. My pensions portal has produced a personalised video with these statements. (I have rounded the figures and…
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Out of the blue refund from St James's Place for historic service
Hello, Last week I received a cheque from St James's Place with a refund, to cover a period 2018 to 2023 for advice that was provided over that period. In the letter received from them they say "Our offer is made in full and final settlement of any claim concerning the issue of ongoing service or advice over the above…
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hsbc global balanced fund question
I have all my SIPP in this fund now, do i need to be concerned about its US weighting? Despite being a global fund i believe its significantly weighted to the US. how actively managed are these funds? Should I be thinking about a second fund to add diversification or just keep going wit this one? thanks in advance for any…
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Should I top up?
I have retired early and am in receipt of pensions from NHS and USS. I took advice from a financial advisor last year when I took my pensions and wanted to know what to do with the lump sums. At his suggestion I opened a Scottish widows private pension. Should I add to that again this financial year in order to get the…
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Workplace Pension?
Several years back, a financial advisor (a friend of a friend) helped me set up a private pension. However, he's since retired and I haven't been in touch with him for a long time. At that point, I was advised to opt out of the workplace pension. Even though I've received several pay raises over the years, I haven't…
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Genuine Waspi communication?
My wife, who is one of the waspi women, has been sent a communication from kaliaborcollege.org wanting information about her and suggesting she should register to claim or she will miss out. I presume this is just another scam and any communication would come directly from DWP?
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25% tax free once only on pensions?
Sorry to be stupid but I don't really understand the 25% tax free allowance, I'm sure this has been asked before, but I've failed to find a simple answer to my question. So figured I would pose it here. Let's suppose that on my 55th birthday I have £200,000 saved in a pension pot. I clearly can't retire on that amount so…
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Should I transfer into my teachers pension - more complicated than it seems
I'm 48 and have just retrained as a teacher so I now have a teachers pension. As well as teaching I am likely to retain some freelance income and would like to put some of that into a pension (it is likely to be about half my income so not a small side gig but a second job as I teach part time). I can't top up my teachers…
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My part-time job is just 20 hours a month, can I get employers’ contributions in workplace pension?
I have a small, low-paid part-time job alongside freelance creative work. I’ve requested information about a company pension, I understand I don’t work enough hours or earn enough to be automatically enrolled, but I’m trying to understand if I can still pay into a company pension and get employers’ contributions working 20…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
665 discussions
5.8K comments
Most recent: Money for top ups gone astray by Lesley5
19 May at 1:55PM
