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Salary sacrifice and buying additional NHS pension
Hi My wife and I both work for the NHS but in different organisations. Her organisation offers a very good salary sacrifice car leasing scheme that has a very tempting offer on currently, cheaper than the car could be found elsewhere, no deposit to pay, fully maintained and insured. We don't want this to affect her pension…
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Transfer from Aviva to II
If I want to transfer my fund from Aviva to ii, and the II does not have the same fund because it's some kind of blended Mercer fund, am I right in thinking that the quickest way to do this is to launch the transfer from the ii side, and then sell the fund to cash on the Aviva side? Do I normally wait for II to give me a…
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Pension Pot question.
Hi Folks,called my pension provider regarding one of two pensions they hold.The original retirement date was 15/2/2025 for these policies.They tell me that Standard life as a third party handles it after that date and that I am entitled to 25% tax free but that any withdrawls going forward will incur tax.as this policy is…
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My Prudential Pension Delayed 7 Months And Getting No-Where
This discussion was created from comments split from: Prudential Pension Delayed 8 Months.
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Does this message from Aptia/Mercer make sense?
I put in a request to put my DB pension into payment in January, based on an estimate that was received in the Summer. I have received a message from them today with the following in it: "This is to inform you that the funds for this scheme are provided by the
Aviva and we have sent a request for fund disinvestment. Once…
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Reviewing my pensions with Standard Life and Legal and General
Hi - I'm 63, so 3 years to retire. Finally I show interest in my multiple modest pension pots.Standard Life has a pot here at £50K which in 2022 dropped £8k. It's invested in the Standard Life Property Fund. It's gaining ground very slowly. Fund Performance over 1:3:5 years is 3.69%:-9.16%:6.98% I don't know - that drop…
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Approaching the Finishing Line (or is it the Starting Line)
I spoke to my boss today and confirmed I would be leaving on 31st March, they have known it was my plan to retire sometime in 2025 but just not when, until now. Financially I feel comfortable. I'm 55 in April, single and child free, house is valued at £750k with £72k left on the mortgage. I have £410k in the DC pot with…
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NSP, Marriage Allowance & Tax.
Like many, my wife’s only income is her NSP. As a non taxpayer, she has transferred 10%, 1260, of her Annual Personal Tax Allowance (PTA), 12570, to me (Marriage Allowance (MA)). This has reduced her PTA to 11310 and means I pay around £260.00 a year less in tax on my income. With the 4.1% rise for 2025/2026 in the NSP,…
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Tax free lump sum overpayment
Nine months ago, I took the tax free lump sum from my main pension and decided to retire. I have received a letter from the pension administrator notifying me that their calculations were wrong and I have been overpaid both the lump sum and monthly pension. They want me to pay back half the lump sum and my monthly pension…
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Royal London pension that I would like to cash in
This discussion was created from comments split from: Cash in Pension in one go for full amount.
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TPT Employer Pension
My wife has a small DC pension via her employer with TPT and expects to retire in about October this year. The pot will be about 27k as at end Sep, it's all in their cash fund now as she moved it out of the 2032 target fund recently. We'd like to take it all over approx 2 years so that she'll pay no tax and delay taking…
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Pension Credit Housing Benefit and Inheritance
Hi there, I couldn't find an answer so I am posting this question. I receive State Pension, Pension Credit, Housing Benefit and Council tax support. I will soon be getting a £46,000 inheritance, so I will declare it. But I have a young family overseas permanently and I want to send a gift for support of the children of…
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Accessing Pension Pot
I have a Standard Life Pension pot that I have not touched since retirement 10 years ago. I also have a Legal and General pension that I currently live off. I want to start drawing down from my Pension pot. My financial adviser (who has recently 'merged' with a larger company) has said it will cost £3,000 to arrange this.…
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My Pension Expert
Has anyone got experience of My Pension Expert sorting their pension?
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DC SIPP withdrawal
Hello, I have a defined contribution scheme pension at AJBell with value of £321000. Last tax year 2023-2024 I was made redundant and I have lived off savings since. My tax code is 1257L this year being unused, so I am planning to withdraw £12570 from my pension tax free, my first ever pension withdrawal. However, I am…
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Hybrid pension (USS), post VR payment, working out payments into SIPP this tax year - help!
Hi all, I've had some advice on this but I just need to cross-reference to be sure I understand. Here's the situation/what I think I can do: I took my (hybrid DB/DC - USS) pension last autumn, and took voluntary redundancy at the same time. I worked/earned half the year and - rounded for sake of ease/privacy - let's just…
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Obligations of pension company
HI, I have an old DB pension scheme and until recently I could use an app which gave me an instant CETV and pension forecast depending on my retirement age. I looked at it out of curiosity more than anything, but I am now only a few months from being able to draw on my pension if I wanted and thought I'd get updated…
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DB Pension PAYE Date
For those who are in receipt of a DB pension, or know about these things - do DB pensions normally have a single day in the month when they actually pay money out to members? So if I ask to put my pension into payment on my birthday which falls in January, would the actual payment date (assuming they get their act…
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Managed Pension charges and IFA charges
We pay Royal London for a managed portfolio but we are also paying an IFA to manage it as well!! The IFA is getting nearly £5k a year for literally nothing as far as we can see as we deal direct with Royal London as if we went via the IFA for any draw down increases or 1 off amounts it takes 2 weeks longer!! The funds have…
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AVC Withdrawal
Good evening, A quick question and hopefully reasonably straight fwd. I am looking at withdrawing 20% of my AVC with Prudential. If I withdraw, can the remaining balance stay invested within the pot or is it not as simple as that. Thanks
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