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Pension forecast
I tried getting a pension forecast online. Filled everything in, put passport details then it asked for another form of ID as well, which I don't have. I didn't want to ring so I printed out the form and sent it off on September 12th. Still waiting. Does it normally take so long ?. Thanks
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Use SIPP Tax Free Cash Or ISAs First
I am 64, still employed and have 5 years of living expenses in ISAs. I also have a SIPP from which I have yet to drawdown any money. The ISAs are maturing in January/February and, at that time, I envisage needing the same amount of cash for various purposes. It seems to me that pre-2027 (pensions coming into the estate)…
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Problems with the app Itsme
I wrote a while back as I had problems installing Itsme to access my files on mypension.be. I have managed to install it but am encountering issues logging in. Two choices. 1. Logging into mypension by scanning a bar code. Itsme should open at the same time but it doesn't. 2. Using my phone number. Then it asks me to prove…
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Now I've retired, trying to decide if I should pay anything more into my DC pension this tax year.
Good morning all. As I've posted elsewhere in these forums, I retired with effect from 30th September this year at age 56. Based on the following figures, if I decided to pay anything more into my SIPP, what would the maximum amount be? Tax year 2025/2026Gross Salary - £24,968.34 (only worked 6 months of this tax…
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Pension Credit Guarantee Credit
I received A letter in Jan 2025 from DWP saying that from April 2025 my Pension Credit will be such amount, the last amount i received had decreased, why would that be?
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Non Regulated Advice
I am happy with my investments and want to maintain control of my own financials. I completely understand, and respect the fact, that this does not make me an ideal customer for an IFA. I enjoy doing my own research and, at 64, have a pretty clear view as to what I should be doing in terms of retirement/estate planning.…
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SIPP holder dies at over 75 - just checking my understanding
Evening all, I’ve had it confirmed (by my SIPP provider) that if I ‘pop my clogs’ after age 75, then my SIPP beneficiaries (some of whom are resident overseas and non resident for UK tax purposes) would not have the option of receiving their share of my pot as a (drawdown) beneficiary SIPP; instead they would have to take…
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Gilt ladder in SIPP - some not availiable gilts in platform
I am researching setting up a conventional gilt laddder inside my SIPP (as an alternative to taking a joint lifetime annuity). I have been using the excellent tool at https://lategenxer.streamlit.app/Gilt_Ladder. Unfortunately when looking at the individual gilts needed to implement my selected choice of income, some seem…
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ILG pricing
Simply as an exercise to see how things work, I bought of £500 of Treasury Index linked 0.125% 22/03/26 today via Bell. Price on Bell currently shows 156.23 Put me right please - I assume that price continually rises - due to the IL bit continually being added on? Coupon will be 0.125/100 x price at the time of coupon…
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I’m lost
I’m after advice on my db pension I work part time 16 -20 hrs a week I’ve just turned 55 I want to take a lump sum and then use the rest as monthly payments I intend to carry on working my question s are its has db with profits and a mvr my pension pot is £65000 would I be best to draw down or get a annuity though I don’t…
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Topping up my SIPP using unused allowances from previous 3 years pension contributions
I have received a small inheritance & I hoped that I could use it to top up my SIPP using the unused pension allowances from my last 3 years of PAYE & SIPP pension contributions. I earn £20K/a and I know can only top up to that amount this year, but I have more to invest so checked the HMRC website: You will not be taxed…
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Life Assurance Policy
My FIL said he had this old life assurance policy with the North British & Mercantile Insurance company, which google says was taken over by Commercial Union, which has now become Aviva. Reading the policy certificate, it seems to indicate that it is a life assurance policy that only pays out on the death of the policy…
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Serps tracing
When I worked at Texas homecare in the 80’s we opted out / serps I believe to home charm pension scheme. We were then bought out by Homebase which was part of ladbrokes then I believe the Hilton group took over the pensions. Has anyone had any luck in tracing their pension from this home charm company ? HMRC say it’s…
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Redundancy and Classic Lump sum
Quick question for a friend (honestly it’s not me - I’m Premium) if someone in Classic / Alpha is offered redundancy, and uses the redundancy payment to buy out the actuarial reduction, do they still get the Classic lump sum? I think the answer is yes, but I’m looking for a reference. Si
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P55 from and pension drawdown questions
Hello, I need some help please. In 2020, I took my 25% tax free lump sum from my pension. This year in July I took another amount. The pension company didn't deduct my tax at source, so I have to pay this tax myself, which I have saved and am ready to pay. I have several questions 1. Do I need to pay this amount at the end…
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Annuity Interview question.
Just a quick question.Now The Glorious Day has finally dawned, I want to convert my small free standing pension pot into a lifetime annuity.My provider insists on an interview before they can act (I just want the maximum monthly payment for the rest of my life- give it to me now! :) ), and I need to have my height weight,…
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Frozen USS pension query
I have a frozen USS pension, built up over 8 years and I left in 2013. Since then my modelled projected payments (both annual and lump sum) have not increased at all - they are literally frozen in time. In reality when I come to claim the pension, will inflation over these years be applied? Otherwise it defeats the point…
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Pension on death
Hi, please can you help. On death of a loved one, do you know how long it takes employer's pension administrators to deal with the expression of wish and payout of a death in service benefit. I am only asking as I am not executor of will but a named beneficiary and I haven't been contacted other than to provide ID etc…
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bt pension selling
hi all i recently contacted btps re cashing in for a lump sum they replied Unfortunately, the value of your current pension benefits is more than the £30,000 limit allowed byHMRC for this kind of one-off lump sum. This means you aren’t eligible for a trivial commutationpayment.i am 65 and my pension is approx £650 a month,…
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Equities exposure when approaching retirement age
Morning all, hope everybody is in good health. I am hoping to retire in 2 year , when I will be 57. Currently I receive a DB of 32k (long story) whilst still in employment. I have a S+S ISA of about £80k , which is 60/40 (60% equities) I also have a works place DC pension which is currently about £370k, I am aware equities…
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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
