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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…
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Looking for a pension that can be funded by family
hi I am trying to find the right product and failing Our adult stepson is going to open a pension but it will be funded by family so he had something . Currently he is self employed is there a product we can use ? Aviva said would need a financial advisor to set it up is there anything simple where we can then set up a…
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Moving pension to low risk fund
I've been slowly building up my defined contribution workplace pension knowing that I will want to start to take it relatively soon, however the pension funds are still classed as 'balanced', which probably means moderate risk. I'm nervous about a stock market crash and a big chunk being wiped from the value of my pension.…
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Where / How to find out Tax Year State Pension payments?
I am trying to find the total (gross) state pension payments I received for year 2024_25 and what tax was deducted. This seems difficult to locate. I can see a summary for my company pension but not the state one. Where or how do I get this info online or do I have to contact the DWP / HMRC or whoever? Thanks.
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Have we reached peak annuity rates?
Now that the higher interest rate medicine appears to be working and gilt yields are slightly down, does it look as though annuity rates have peaked for now? OH had a surprisingly good annuity estimate from Legal and General via moneyhelper, but when he went to the L&G website he got a slightly lower estimate using the…
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Civil service ill health pension, Alpha upper tier
Hi, I’m in receipt of civil service ill health pension at alpha upper tier and was told it is reviewed every five years - my five year point is next month. Can anyone tell me what to expect, eg do I need to provide more documents, investigations etc? I had a terrible time with my original application and finally got the…
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NHS 1995 PENSION
I am leaving my current post as I need to have less pressure. I will be going down a grade which affects my final salary. I understand it is the best of the last 3 years so I can only stay in new job for 2 years to keep max pension unless I opt out. Can I take job and opt out of pension before 2 years is up? or should I…
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SIPP help please
I’ve joined a new company and my employer have asked for pension details to set up my salary sacrifice (to keep annual under £100k) They don’t have one so I need to choose one myself. I am thinking of Aviva or Aj Bell. I’m not very pension clued up and just want something easy but to have a good return. I am planning of…
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Yet another retirement plan
Hi Folks, Hoping for any pointers/views on the following 20+ year plan. Context: Age 55, plan to retire in 5 years. Cautious investor. All income requirements covered by DB & SP pensions from age 76. Currently have £450k in SIPP/AVC/ISA/Savings Stage 1 - Age 55-67: Accumulation of growth portfolio (VWRP or similar) Stage 2…
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IFA initial cost and ongoing fees
Had a chat with an IFA who has quoted an ititial 3% tranfer fee to a SIPP from an old Royal London workplace pension with ongoing fees of 1% annual and 0.7% platfom fees, quoting an Aviva plan. Speaking to a few people who have done the same thing they say it seems quite expensive, any comparisons?
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Self Employed and Freelance workers...... PLEASE READ
Question: What's the difference between 2 and 3? Answer: 640. Yes, the difference between the annual payments for Class 2 and 3 National Insurance contributions is £640… £160 for Class 2 and £800 for Class 3. In order to pay Class 2 contributions, you need to be registered as self employed for National Insurance purposes,…
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Early-retirement wannabe
I would like to create a topic (don't see it at the moment - other than the NUMBER thread). Who is aiming for early retirement (or who has retired early already)? When did you begin planning and what drove the decision? What is the strategy for getting there? How much of a relative decline in income are you prepared to…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
747 discussions
6.5K comments
Most recent: Confused about buying Pre 2016 and Post 2016 years by Silvertabby
10 May at 11:32AM
