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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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70 and wanting pension advise please.
Hello, I would be really grateful if anyone could give me some advice on the best way to proceed with claiming my pensions. I have been on the pension wise website and completed the questionnaire but am still confused with options. I have 3 pensions that are with one provider and I with another. My aim is to take the 25%…
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De-risking before retirement
So, I plan (hope) to retire in about 18 months, when I will be 61. I have a works pension and the state pension from age 67, which seems okay. To bridge the gap of 6 years, I'll need about £150k, which I currently have in a combination of ISAs and a SIPP. I'm working for the next 18 months to build up a cash reserve and…
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With profits pension
Hi, my pension is quite low so probably not worth getting pension advice on my pension due to costs. I would be grateful if someone could advise on the following: I have my fund value sum, my transfer value is another £20K on top which includes the final bonus (not guaranteed) My pension is due to finish when I am 60 which…
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with profits pension
I have an aviva with profits pension which is due to mature next August. Can I at that stage withdraw my 25% tax free and then transfer the rest to another pension provider? I presume they won't make me take an annuity
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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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Consolidate my pensions
Hi I have 2 work pensions with the same company, contributory & non-contributory (closed to further contributions). The non-contributory pension is worth around £100,000, and will pay a guaranteed amount at retirement age - around £4,700 p.a. I realise this is valuable, but I can't help thinking it would be better to…
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Pennies short of full State Pension-but would like to make it up to full.
Hi folks, I am about 17p short of the full State Pension, been getting it now for over two years, its not a great deal, to be that small amount short, but still I would like to bring it up to the full amount, just probably for the sake of thinking I actually get the full amount. As I pay tax, I know I am probably only…
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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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Banner message when logging into NI/Pension Checker Site
Does everyone see this message when logging into the NI/Pension Checker site? My case with HMRC is incomplete or in progress somewhat, and some online tools suggested this message is shown to indicate this to customers who are waiting for further clarification. On the other hand it could just be a general message which…
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State and private pensions have gone up, but I'm worse off
This discussion was created from comments split from: State Pension and Private Pension.
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sense check my plan?
hopefully this kind of thing is ok. I’ll try and keep it specific - any questions I’ll do my best to answer. I’m at the point where I’ve refined as much as I think is reasonable without going around in circles. Potentially willing to do a paid IFA pass but that is around 2-3k so might wait until closer to retirement date…
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AVIVA FUNDS
I have my retirement fund with AVIVA, all of my fund prices update Monday to Friday around 6-7pm and consist mostly of shares My question is when my fund prices update does it relate to the ftse/dow share prices the day before or before that or do they relate to live prices at that time ?
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SW (old) Work Pension plan
I have 4 funds on my SW pension plan: 1. Scottish Widows Global Equity CS8 2. Scottish Widows Pension Portfolio Two CS8 3. SW SSGA International Equity Index CS8 4. SW BlackRock ACS World ex UK Equity Tracker CS8 On my SW online account there was a £32.54 cash balance, when I queried it SW said that it was a fee and later…
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AVC's or SIPP?
Hi, I just wondered if anyone can offer me any advice. I have a SPP with around £6K in it that I stopped investing in a few years ago. I have been offered a Local Govt AVC with Prudential, it works via salary sacrifice and plan to put £50 in there a month. I understand you get tax relief and NI relief. The Money Helper…
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Questions on Private Pension
I’m new on this thread. I have some questions hopefully someone can help me 1. Can someone recommend a company who can trace all my pensions? I used the government sponsored pension tracing but none of my previous employers’ names were shown and I couldn’t remember my pension providers. 2. I’m happy to pay for the tracing…
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Pls help me chose right fund in Scottish Widows
Hello I have just started new job and my employer uses Scottish Widows for pension. If I had a choice, I would like to invest in global tracker like Vanguard FTSE Global All Cap. Unfortunately this is not available, below are all the funds available to me under Equities. I would like recommendation, which of the below…
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Any benefits to contributing to workplace pension past former LTA value?
Hi Everyone, As per the title, is it worth continuing to pay into a workplace pension, via salary sacrifice, if the value of one's pensions has reached the former LTA? I am currently a higher rate tax payer and expect this to continue in retirement. This means that while I would get 40% tax relief on the way in for future…
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What happens if you straddle pension age increase?
On 6th April 28 minimum pension age increases to 57. My DOB is Oct 71. If I start accessing a DC pension from Oct 26 (age 55) can I continue? Or on 6th April 28 (age 56) will there be limits on how I can access my pension? What are the guidelines? I'm thinking I would be able to access crystallised funds in a drawdown…
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DB Lump Sum - Future Planning
I am currently 53 and plan to retire at around 57-58 if my financial plans are met, as this will fall in with the retirement of my slightly older wife. I am fortunate to know what I need based on current spending patterns, and have the luxury of having a DB pension. With that in question, and based on the knowns of today.…
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Pension payout by mistake?
Not sure if this is a scam or true. I assisted a person who had lost her husband with a pension pay-out that she was unaware of and she successfully received it last year. She got a lump sum and receives a monthly income for life. They had contacted her about it as she wasn't aware of it until then, this was march 2024 and…
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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