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Pre 97 additional State Pension
Hi Having just sorted out my mums self assessment bill, I thought I'd look into her state pension entitlement and I'm not sure it's correct! This is the breakdown of how her state pension is made up: Basic State Pension £176.45 Pre 97 additional State Pension £173.55 Less contracted out deduction £38.91 Total Payable…
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General pension advice for a pension virgin(ish)
Hello all, I'm looking for advice on pensions. Consider me a pensions virgin in that I've never really dipped my toe in the water but I'm ready now. I was employed with the civil service for 6 months but recent defra cuts meant my role wasn't extended. I accrued 6 months pension (ca£4.5k) and am approaching the limit to…
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Government Launches Early Review of State Pension Age
Not political. Facts: https://news.sky.com/story/government-to-conduct-early-review-into-state-pension-age-13399571
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Pension Benchmarks
Hi there fellow MSE forumers, I am looking to see how my pensions are performing against industry averages/benchmarks but I'm really struggling to find Benchmarking information. Can anyone tell me where I can find such factual accurate information? (if it helps - I'm risk profile 6/10). Thanks in advance.
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Do I need an IFA for pension advice?
I've got a BT (mostly DB) pension that's due to (unless I stop it) start paying out 20K PA this December (when I'm 60). I'm also still working full time for TfL that has a very good DB scheme. I expect to stay another two years at which time the TfL pension will pay out approx 12K PA. I've got 7K of AVS with BT scheme and…
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Taking the 25% out of pension and choosing the fund it comes from
Hopefully a quick question I were to have £100,000 in a safer SW fund and £100,000 in a more adventurous SW fund (under the same plan) and wanted to take 25% at 55 can i chose where the 25% comes from? i.e. can I take it all from the safe fund (50% of this one) there by leaving the other one untouched or do i have to take…
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How much emergency cash pre-retirement
Hi there, some of your sage advice please. I hope to retire in 3-6yrs. I'm 57 , woman, single. My pension will be around £620k. I have £10k NSI Bond and £44k in Kent Isa which mature in Sept and £12k in Vanguard ISA life strategy 80%. This is my only cash/emergency savings. 3 years to cover monthly expenses in retirement…
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Looking for a good pension calculator
For various years now I have been relying on the Hargreaves Lansdown Pension Calculator, often recommending it to fellow posters, whether they ask for a recommendation or not. Unfortunately I've just noticed that HL in their infinite wisdom have changed their calculator. Not only do you have to answer a series of banal…
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Pension advise
Last year my pension advisor came to my house for his yearly chat and he said that hewill have to put his % commission up from 0.7% to 0.9% because of new government guidelines saying that all his policy holders must be paying the same % Has anyone else been asked to do this ?
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More out of curiosity!!
I was in a Contracted Out Occupational Pension Scheme so recently paid the maximum top ups to my contributions. Find that I'm still about £0.66 short of the maximum. Just a bit odd.
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Pension Sharing Order - Help needed please
Hi, I hope you may be able to give me your thoughts on this situation as, to be honest, I am really unsure if this is correct or not. My ex and I got divorced March 2024 and a PSO was granted by the court for him to share part of his pension with me. The CEV figure on the court paperwork was £646,186 and it states “The…
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Withholding Pension Contributions – 9 Months of Deductions, Incomplete Payments
I’ve been employed with my current employer for 9 months. Since my start date, pension contributions have been deducted from my salary, with employer-matched contributions also due under the Aegon SMART pension scheme. A few months ago, after repeated follow-up, I gained access to my Aegon account. Neither my employer or…
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Future planning
Do I have enough money to see my out? or do I need to get back to work just in case my health needs some support 1- 2 /week to start with and then care home? Plan B? get back to work? I have already started to spend instead of save and spend : Do I need to think about draw down plan as I do not have large size work pension…
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Early retirement plan - does it work?
Age 51, wife 46 Expenses target - 50k net pa, reducing to 40k @ 70, 30k @ 80 House paid for but too big (value 1m) Two full state pensions likely Potential fund and current values: * Cash available now - 400k (ISA / Premium Bonds) - split with spouse * SIPP - 550k (from 57) - my name only, global equity 100% * Downsize @…
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Bond ladder and money market funds
Hi I've been using lategenxer.streamlit.app to simulate a bond ladder to get me from 61 to state pension age and a DB pension. The bond ladder tool uses prices in £ however, when I do a trade preview on interactive investor they seem to quote the prices as the same number but in pence. So whereas the bond ladder tool may…
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McCloud Remedy - Immediate Choice Not What I Expected!
I retired early, from the Civil Service in early 2023. I am in the scope of McCloud because I was in the 'taper' group. This meant I stayed a bit longer in the Classic Scheme before being forced into the Alpha scheme. I've received my Immediate Choice letter only to find that both options (and I must choose one of them)…
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How to find historic state pension start date
My partner became eligible for a state pension in 2014, but decided to defer. As far as our memory goes she deferred around three years. Now a government form (DT-Individual) needs us to specify the exact start date of her state pension, and we can't find it. HMRC will show us no records older than 2020, and we recently…
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Pension Bee - Death Benefit
Good morning and Happy New Year! Look for some advice. We lost my father-in-law suddenly in October. My Mrs is currently in the process of dealing with the estate (we have letter of administration). We found funds in a PensionBee account and have contacted them in order to claim the death benefit. Has anyone had any…
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HSBC DB Pension - why has my transfer out quote dropped?
This discussion was created from comments split from: HSBC DB Pension Transfer Value has gone down.
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Late husband's pension
My late husband had a pension (approx £100k), which is now mine. They say it falls outside the estate, whatever that means.. I have a choice as to how you receive the funds, your options are as follows: 1. Take it all as cash. 2. Buy a guaranteed income. 3. Transfer it to another provider. 4. Take a flexible income. No…
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: MSE NEWS: At or near State Pension age? Check NOW if you’re due missing Child Benefit credits by MSE_Isabelle
17 April at 12:12PM
