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Lots of cash from TFLSs - what to do
I may retire next April age 60. I have 2 pots of DC that will total around £750k. I have two DB pensions as well. I will be entitled to full SP. Mrs F has two (smaller) DB pension and will be entitled to full SP. Also have cash savings in ISAs Without going into the detail of the figures, I have modelled many options…
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retirement planning / investing
Hi Having been good at saving but poor at investing / planning and only in recent years started paying into a SIPP. I wanted to get some opinion on what I should do with excess cash to help my retirement /semi retirement. I'm self employed, 49 , married with no children and my financial situation is as below. I may have to…
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Continue saving into a pension or change to an alternative
Hello, thanks for all the information on this site, it's been really helpful over the years. My current question is I have 2 pension incomes and a job so I am taxed at 40% on 15,000 of my income. I do not pay NI. My employer offers 6% pension contribution, salary sacrifice, and I do the same at 6%. I'm considering upping…
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Tax Query - Pension, Sole Trader and Salary Sacrifice Scheme
Hello I work 12 hours for a company earning £10k a year. I also receive a small Civil Service Pension of £380 a month. I am 65 years of age. Last year I was above the tax threshold I was getting taxed, so was advised by my accountant to put 100% of my weekly wage, from April this year, into a salary sacrifice scheme to…
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How long does the money transfer take
Hello, just looking for a bit of reassurance. I'm in the midst of transferring a pension from L&G to an AJ Bell SIPP. It all seems to be ticking over nicely, but I probably have access to almost too much information because I can see that L&G have now transferred the money out of my account there, but the AJ Bell account…
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Old Pensions for Part Time Jobs
In the 1970's & 1980's I had several part time jobs in the night time economy. Although I can remember the pubs & clubs where I worked, I can't remember the breweries or employer details. I think some of these may have been 'cash in hand' but some were definately on a PAYE basis. What's the likelihood of there being any…
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nest refund, I've left my job.( sorted)
I was with my employer full-time for 3.5 months, paid monthly. and on the pay 31 may I saw an £85 pension deduction, I said what is this, they said I've been auto enrolled into nest. I said I don't want to join. I left my employer on Wednesday and started new job but part time, yesterday. just before I left my old employer…
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Salary Sacrifice
Can I contribute AVCs and use salary sacrifice scheme for this?
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european pension coordination and voluntary/overlapping contributions
I’m trying
to understand the regulation on social security coordination across Europe and
have read some contradictory opinions. Given that
I will have a full UK pension based on my compulsory contributions (17 years) paid
while working in the UK and the rest on voluntary contributions (18 years) paid while
working in…
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Initial UFPLS withdrawal from AJ Bell SIPP - July payroll
Morning I've had my chat with AJ Bell regarding my first drawdown using ufpls. They said do a small initial withdrawal to get a tax code and avoid emergency tax and from month two increase the amount, they didn't mention an actual figure. My question is if my first withdrawal is around July 12th can I calculate it to be =…
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Specified adult childcare credits
Can I fill in the form CA9176 needed to apply for specified adult childcare credits on an iPad or iPhone or does it have to be on a computer as when I tried it only goes as far as page 2
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Just Curious....if you are on benefits and receiving Housing Benefit ??
Does that carry through to your State Pension. I'm not asking for me as I purchased my place outright Just before my 66th Birthday. I'm wondering now if I have done the right thing ???
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Tax Free Cash at LTA - take or not?
It seems most commentators advocate not taking the full 25% allowance once you reach the decision to access your DC pension. However, if you’re in the fortunate position of reaching the old LTA you have already reached the point where all the TFC you can ever have is available to you. If you have enough need and tax…
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how to calculate deferred pension
Hello I have a deferred gov pension, having paid into LGPS from Sept 2001 then bulk transferred to Gov pension 2017. My pensions are now split into diff gov schemes due to the protections that were in place. They are Nuvos pre 2008 contributions (age 60), Nuvos 2008 - 2014 (age 65) Alpha -CARE 2014 - March 2020 I'd like…
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Retirement income targets analysis
Targets for income in retirement seem to have become dominated by the Pension and Lifetime Saving Association's Retirement Living Standards. There are issues with the methodology, and many on this forum consider the latest set of Standards rather inflated, especially those required for the 'Moderate' and 'Comfortable'…
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Early Retirement Help
I'd really appreciate a little advice. I work part time as a civil servant. I'd really like to retire at 60, I'm 58 now. Many colleagues are working on to full retirement age and think I'm foolish. But I've had enough. I don't have a lavish lifestyle, I have lots of hobbies and just don't want to work beyond 60. I'm just…
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How to see state pension regular payments online
When someone starts to get the state pension, is there part of HMRC online where you can see payment dates, amounts & the bank account it will be paid into? I was expecting to find it in the personal tax account but it's not there. Thanks
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Voluntary Severance end of September: Pension contributions to become Basic Rate from Higher Rate
I am a higher rate taxpayer being offered a Voluntary Severance deal. I'm 62 this year so likely this is retirement as well. I plan to salary sacrifice 100% of my September pay, VS (>£30k) and 3 months PILON into my DC pension, just keeping the Tax free £30k and a couple of non pensionable payments (car allowance etc) to…
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Aviva Find and Combine service
I'm curious on Martin's opinion of this service which claims to find your pensions for free with no pressure to transfer them afterwards. Search "Aviva Find and Combine".
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Putting LGPS into Payment Process
I plan to leave work on 30/04/25 and then put my LGPS pension into payment. Presuming I leave scheme on the above date, and I want my first payment on 15/06/25 (I know this is the main monthly payroll date for our fund), what would be the actual starting date of the pension? I also have a linked AVC which will be tax free,…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
395 discussions
4.1K comments
Most recent: Which Class contributions do I pay - Class 2 or 3? by pinnks
14 January at 8:15PM
