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Pension pot strategy?
Ok, so does this seem a good plan? My wife wants to retire Feb next year (at age 63). She has 2 local authority plans (she worked for them twice years apart). She wants to take those at age 67.She also has a couple of stakeholder plans with around 75/80k in them combined. The current thinking is, use 55k of the stakeholder…
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Combining company pensions
Hi, I have two pensions from 2 different past employers one is quite small and one is quite large. I can access them in just over one year and initially my plan is to shift 20K a year into my cash ISA, (well below the 25% tax free)amount) , then just let the rest carry on being invested in medium risk funds as they are…
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Fidelity International
Another call from Fidelity International today inviting me to a free consultation with one of their Financial Advisors. Claiming they have irrefutable proof they can return me 14% from my pension savings for a 1.5% fee. Anyone using Fidelity Financial Advisors ?
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Pension Annual Allowance
Query regarding annual allowance, any help appreciated greatly. I have had conflicting advice on this issue from the
government Moneyhelper telephone helpline, I have spoken to 3 different people
who are telling me different things. I want to pay in as much as I am allowed into a SIPP. I understand my annual allowance is…
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Copy of Pension Statement
My father has been asked to provide a copy of his Pension Statement, but trying to get a hold of it is turning into a nightmare, with multiple phone calls to various departments - can anyone advise how I can get a hold of his Pension Statement?
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Splitting Pension Pots
I have a £90,000 pot with The Peoples Pension which I am drawing down. I have another fund worth £122,000 maturing with Royal London in a few months. I do not wish to buy an annuity, but wonder if putting all my money in one place is a good idea or would it be safer placing this amount elsewhere ?
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Missing contribution from previous employer who went into administration
Hello,I'm seeking advice from the knowledgeable members of the forum regarding a somewhat unusual situation I've encountered. My former employer had a salary sacrifice corporate pension scheme with a reputable pension fund. I contributed a percentage of my net salary, and they added another percentage as well. Upon…
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Seasonal Work in Retirement?
I have this idea that if things got a bit tight financially after retiring early that I could do some seasonal work of some kind, or at least work for an agency for just two or three months a year to give me extra spending money (not as a model, I mean as a temp worker : ) Does anyone have any experience of doing seasonal…
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Pension sharing order fees
Scottish power refuses to take fees for pso off the pension. I cannot afford to pay my share of fees and neither can my ex. What options do I have?
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Mirroring IFA's advice
Following on from my previous thread (see below) I want to move on to a new idea I've had about how to deal with my pension funds. OK - so IFA1 wasn't able to advise and his lack of commitment or investigation means I'm looking elsewhere for someone to help me with my 2 work pensions. (boring details below on the link)…
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Is this legally possible
Hello all, I've been getting on top of my finances in the last few years and considering where I started I'm in a much better place, part of this has been learning about personal finance while also enacting on it. This is a hypothetical question which I am not going to do, but I had a thought in the pub earlier when a…
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Gifts from excess income - retrospective?
Is it possible to make gifts out of excess income retrospectively? What I mean is - Let’s assume you know your precise position at the end of the Tax year and you plan to make a gift once a year (to satisfy the need for there to be regular gifts) - Can you then gift the excess at the start of the following tax year or must…
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Prepay mortgage using after tax income vs saving in pension to use TFLS later
Getting closer to the final 6 months of my current fix and wondering if I should prepay now or stuff more into pension so that I can use the TFLS later to pay off any remaining mortgage. Am likely to get a fix of 4% but get 40% savings through pension. I understand only 25% is purely tax free and remaining can be taxed…
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Pension Investment Performance Forecast
Without the benefit of a crystal ball, i would be very interested to hear your thoughts on investment performance over the next 2 years? This would be based on a multi asset, diversified portfolio, perhaps with a 60/40 split in favour of stocks. Following the good 12 months we have seen will this trend continue or will it…
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Royal London SIPP without an adviser & moving abroad
As a caveat to this post I have tried to take advice on this particular question but unable to get anywhere because I am moving away from the UK. I have spoken to Pension Wise and also my FA company (True Potential). I am 54 and plan to take my lump sum from my SIPP when I turn 55 Aug 25 and shortly thereafter move to…
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Retirement/pensions basics...
I'm sure it's blindingly obvious, but I'll ask anyway... 62 year old single male, retiring in the next few years with only my workplace DC pension (People's Pension) comprising an estimated £300,000 by then. I'll probably want to go the drawdown route, but not sure what the process is. Do I transfer the funds from People's…
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Ongoing advisor charges
I run a limited company just employing myself. Seven years ago I set up a directors pension with Royal London – I did this through an advisor who was recommended to me. I am paying an ongoing advisor charge of 0.5% of the value of the plan. Is this money for old rope? Obviously as the plan grows so does the charge. It's…
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210,000 women underpaid State Pension
If you stayed at home to care for family as far back as 1978 and first claimed Child Benefit before May 2000, your National Insurance (NI) record may have been hit with errors that could see you missing out on £1,000s in state pension payments. You don't need to do anything for now, though you will need to take action to…
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Small Section 32 Policy with Enhanced Tax Free Lump Sum but no GMP to FlexiAccess?
Anyway of doing this on a "non advised" basis? I know it would mean sacrificing the tax free enhancement but as a basic rate taxpayer that's only going to cost me £640 (20% of 25% v. 20% of 33% on £40k "pot") and the only way of enjoying the enhanced cash amount is to take out an annuity, which I don't want to do. Any…
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BCE Test 5a
I have a fully crystallised SIPP in drawdown from 2016 (crystallised to minimise later potential to LTA charge) which fully used 100% of my Fixed Protection 2016. Can anybody advise if the BCE 5a test on growth in drawdown funds in the SIPP at age 75 is still a thing? 75 is six years away for me. Online literature tends to…
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Most recent: If You Have Registered For A Call Back Look Here by molerat
21 May at 3:04PM
