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Success Stories - Pensions
This is a bit of a light topic where the idea is to highlight what successes you had with your pension pots. Example - I contributed X and accumulated Y by Z year. Total appreciation was 'x' percent. Just trying to learn the following that could inspire a range of people - those with no pension, those who started late etc.…
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Pensions Planning: The NUMBER
The NUMBER is how much income you need to "live comfortably" So What's your number? Very important for pensions planning, to know what you are aiming for. My Number? (for a couple) I calculated: £22,000 based on Food £5,000 Car/transport £5,000 Bills/Utilities £4,500 Holidays/Leisure £4,500 Clothing/Cash/Xmas/Other £2,000…
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Acronyms etc..
Hello to all. As a fairly new forum user I would appreciate someone posting a key to the acronyms and arcane terms used when discussing pension issues. Thank you in advance.
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Pensions, Annuities & Retirement Planning Sticky
Welcome to the new Pensions, Annuities and Retirement Planning sticky! 👋 📖 Here are some Forum threads you may find useful (if there are any you think have been missed, please do let us know): * Can I cash in my pension? * Early-retirement wannabe * It's time to start digging up those Squirrelled Nuts!!!! 📝 And here's some…
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LGPS & State Pension Age
I and 43m and joined LGPS in 2017 on the CARE scheme - which I understand is tied to the State Pension Age. For me, this is currently aged 68. (with the increase from 67→68 scheduled for sometime 2044-46) The current implementation of the SPA rise to 67 got me thinking about the risks around this for planning for…
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Planning for retirement in 5 years while living overseas
I am sure elements of this are covered in many other threads, and I know I really need to speak to a financial advisor, but you guys have so much experience and good advice I thought I would throw the question in here. My current situation: I recently turned 56, debt free with no young dependents (my wife has her own…
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Cash buffer dilemma
afternoon all , #i have often read that on retirement you should have a cash buffer within your "portfolio" so can ride out any market crash when you may need to access cash instead for say, 2 years. My query is as follows.. My wife has just retired her overall pot came to £400k (albeit high share prices at moment), it is…
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Tax relief on contributions for a low earner
Help me out here folks A relative has just left a job but is keen to continue contributing to the occupational pension which is held with Scottish Widows. They would like to pay the maximum they can. As a low earner (they have found another part time job) they may not pay any income tax in the year 26/27. Let's say they…
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Diabolical pension inheritance tax on death 2027.
So this new 40% tax on any pension inheritance is apparently coming in 2027. What is the inheritance tax if a family member were to inherit their parents savings in an ISA or ordinary savings account? [Some text removed by Forum Team] Thank you.
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Hyder Business Services/Mouchel
I worked for an engineering company called TBMA uk Ltd back in the late 90s for four years and they set up a pension with Canada life. I want to access this pension, I contacted Canada life and back in 2008 they transferred £2500 to Hyder Business Services in Lincoln - known as HBS) HBS were taken over by Mouchel who was…
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Help with Gretel. 0 matches
Hi, I'm trying to find a pension. I was a contractor for a short time around 20 years ago. I used a company (Can't remember the name) to do my tax, national insurance and a pension. I signed up for Gretel to try and find the pension but Gretel has found nothing. I thought it would find something, Even the pensions I…
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SIPP withdrawal while relief is pending.
Apologies if this has been asked before. I made a small contribution to my ii SIPP, but subsequently decided to withdraw a larger lump for a holiday. I raised the cash by share sales, but during the withdrawal process I was warned that if new money was added, withdrawal would have to wait for tax relief to be posted. Since…
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Post April 2027, can people over 65 still transfer from a shares isa to a cash isa?
AI suggest they can … Can anyone confirm if this is correct?
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New Capita-run Civil Service Pension Scheme - problems (what a surprise!)
So, Capita have taken over the admin for the CSPS and their new website and members portal went live this week. I have just registered on the new portal and am not in the least bit surprised to find that the information available on the new portal is very scant and incorrect in terms of my length of service. With…
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Buying an annuity, why does RPI get a better output that LPI?
As per the title question. I've been going on all the annuity tools and calculators and find like for like quotes, RPI gets a better initial payment to customer than LPI. LPI is apparently limited to a max 2.5% or maybe 5% and I just can't understand why RPI pays out more? I must be missing something as I normally do. Any…
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Musings by the FIRE-side
Hi all, I’ve been a long time follower of these forums, but for some
reason having been away for a few months, my account seems to have been lost,
so I’m starting from scratch with a new profile. I’ve got a big decision to make over the next couple of
months and, aside from finding that writing these things down always…
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Missing NHS pension.from the year 2000.
I was a nurse at a london hospital. I worked there for two years and I joined the NHS superannuation scheme in 1999 ish. Fast forward to today and I am trying to locate my NHS pension. I contacted the NHS pension tracking system in Newcastle and they said, they have NO RECORD of me being in the scheme, even though I showed…
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(Bit niche!) - Finanzamt/german pension tax portal - offline for ages?
Hello there - I'm trying to help a parent with their German pension tax payment, which is usually made via the Finanzamt Neu Brandenburg online payment portal. However, this has now been ' currently unavailable due to a maintenance window' for several weeks, with no obvious suggestion how else to make payment. I've emailed…
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Pension Carry Forward
I get a little confused about the pension carry forward rules. Can someone please help. If I could give an example based on my own situation with an Aviva defined contribution scheme. 2026-2027 annual salary 60,000 pension contribution so far this year 27,000 Gross (1 off inheritance + higher first contribution) so this…
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The Lifespan Fund plan - a state pension idea from the Tony Blair Institute for Global Change
Nothing like an idea to change the State Pension to get some discussion flowing: https://institute.global/insights/economic-prosperity/the-lifespan-fund-reforming-the-state-pension-for-a-more-affordable-flexible-and-fair-future In summary their plan recommends this be introduced in 2030: the pension (or fund) increases…
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Financial Planning
Hello Group, I would like advice about how to bridge my income until my state pension kicks in. I am 63 now with a mortgage left of £21,500. I have 7 years left to pay it off and have a monthly payment of £309. I am however claiming Universal credit (LCWRA) which provides me with insufficient income for my expenses. I have…
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Pension fund comments
Hi all, looking for some pointers. I’m 42 and have been assessing my retirement fund following the recent sudden death of my father (aged 72) which has made me look at my own plans. I’m now considering taking an annuity at about age 60 with part of the pension and drawing down on the rest in an attempt to use it all up…
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Is what I am doing sensible? What would you do
Age 46, partner 41 We've hit and then exceeded our 'number'. We live a relatively modest lifestyle, no debt other than £167K mortgage on house worth 500K+ Our retirement provision is: A LISA each, combined value £100K+ in 100% passive global equities Partner is in LGPS (albeit low paid and only 3 years service to date) We…
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Should I attempt to drain my DC pension pot before reaching state pension age?
I am currently retired with a USS DB pension of approximately 36.5K/year. I also have a USS DC pension pot (the so-called USS "investment builder") of approx. 45K and a SIPP pot of about 18K. I also have in the region of 2K to 3K/year of taxable interest and/or dividends from non-tax sheltered investments. I will reach…
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: Confused about buying Pre 2016 and Post 2016 years by snowstormcat
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