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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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Bold leap into retirement
Morning all, I hope you have managed to find some time for yourself in what can be a busy period. We have enjoyed spending time with family over the last 3 days, it’s a quiet one today, then off to visit more family tomorrow. I’m not planning anything wild for NYE, but have been really starting to think about what I want…
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FIRE Girls Pension Diary - Aim High & Dream Big
10 year targets are set and I'm aiming high and dreaming big. :) A bit of background. When I was young I grew up with a family of 4 children, Dad worked and Mum stayed at home. We had very little material things or new clothes and I remember I was always dreaming of how I could possibly become a millionaire. So why not…
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Inherent annual incorrect reporting of State Pension by DWP to HMRC
Each year, HMRC rely on the annual state pension figure reported to them by DWP for tax purposes.. State pension payments are always in arrears so the first payment on or after 6th April is always less than subsequent payments because a proportion of it always includes an element at the previous year's rate (most…
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Is it worth seeing a financial advisor ?
Apologies if this is a dumb question but I'm trying to figure out what the advantages of seeing a financial advisor would be. My husband is early 60's I'm late 50's. I am debating whether I can afford to retire at the same time as my husband. We both have decent pensions with our employers so no plans to change anything…
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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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Advice On What To Do With 5 Small Work Pensions.
Hello Guys. I have had a chat with Pension Wise in the past, it was ok but they advised that i speak to a financial adviser regarding what to do with my 5 work pensions. Im 56 and i retire in 11 years, im not working due to multiple health problems. I get PIP and UC. I have always grudged paying into a pension, thats why…
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Nest pension and alternatives
My partner is enrolled in nest with work with approx 44k but pays in additional 600 per month to it. We are aware of the 1.8 charge on contributions and I read some comments how poor the nest scheme is, but why? Is is worth her starting a new sip she also has a old workplace TPP scheme would that be a better scheme to…
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Draw down pension before 2027
Dear Pension Experts, I am a 75-year-old widower with no partner. My total estate, including my private pension, is likely to exceed £500,000 when I die. Assuming I live until at least April 2027, it seems to me that my private pension may then become subject to Inheritance Tax (IHT). To reduce the potential IHT liability…
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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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Aviva My Future Focus Lifestage Pension?
I'm looking at my wife's employers Aviva pension statement, and wondering if we need to take any action? She is age 53 (has a previous BT pension for 20+ years) and commenced the Aviva pension when she started working for her employer in 2022. However, she was made redundant in December 2025 and is hoping to return to…
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UFPLS P60 Sanity Check
Hi all, About to take my first UFPLS payment at the start of the new tax year next week from my as yet untouched SIPP. If I wanted to take a total of £30k out of my pot via UFPLS in the year spread over several payments, what will go down on my P60 towards my gross income? Will it be the £30k or will it be the £30k minus…
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Pension 25%
I have reached the age of 55 and found myself out of work as i could not work in my last job for much longer. I currently have around a large sum in my pension which i can now draw.I was looking at taking the 25% tax free and leaving the remaining 75% invested iF in the future i wanted to take further amounts of the 75%,…
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PCSPS members annual increase letter question
Ever since I retired eight years ago I’ve received (in early March) a letter from civil service pensions informing me of the details and amount after tax of the new pension payment for the forthcoming tax year in April. For some reason, this year I have received no letter or information!! Have any other PCSPS members…
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Transfer from HL to II
I am going to initiate my transfer this weekend I have been reading the information about transfers on both of their websites. However I have a couple of questions that I could not see answered in their FAQs. I will be doing an in specie transfer If I hold a OEIC with a different share class to that is available in II, do…
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Pension drawdown taxed at source - how long does HMRC take to refund overpaid tax? (self employed)
I'm 58, self-employed (sole trader) and as I'm winding down to retirement my earnings will be very low this tax year (2025-26) ie under £2k. So I decided to cash in one of my personal pension pots to make the most of my personal allowance (I detailed all this in recent posts asking other questions). The pension pot in…
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How much to keep back and invest?
How much to keep back and invest? 5 year cash ladder should be plenty and invest the rest.
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Can I retire?
Hi, I have just turned 55 and had some health issues over the past 5 years, had 2 pacemaker procedures, heart failure and on meds, although I feel ok I still struggle most days with fatigue and just don't have the enthusiasm or energy like I used to. I have my own home worth ~ 260k which is middle of the road valuation in…
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Transfer Nest pension into NHS pension
Hi, please help - I am 33 and have a Nest pension of 6 years (worth approx £23,000) and from February work for NHS. Should I transfer my Nest pension into NHS pension? Any help would be gratefully appreciated.
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HL small pot application
I have my SIPP with HL and accessed small pot last year (tax year) and looking to do small pot this month. I did it by post last year as it was the first time (their rules). Am I correct I can do this online this year. Had a look in my account / HL site but could not find specific application page, only general contact…
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Aviva pension policy disappeared from MyAviva
Hi, Posting here out of desperation as Aviva are unable to correct an admitted 'error'. I have a pension with Aviva which was originally with Friends Provident that Aviva took over 10 years ago. It has a different policy number than the standard AVxxxxxxx format. There must be many many thousands of people with similar…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
742 discussions
6.4K comments
Most recent: Have permanently stopped working is it worth paying off the final remaining gap in NI contribution? by Merlin139
4 April at 11:01AM
