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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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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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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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Clerical Medical Pension moved my funds without my consent
In 2019 part of my pension funds with profits was moved out of my fund against my wishes or consent as I had reached normal retirement age-in this case, 60 years old. They claim they wrote to me informing me that if I did not respond to their letter, which I never received they would switch my funds to a cash account.…
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Reduce hours... how much or not at all?
Hi folks, So here's my current situation: 31 years old living in Edinburgh (single), income of £38000 (full time associate scientist), I have a £240000 okay-ish flat owned outright (Edinburgh), £141000 in my shares ISA, £133000 in a high interest online saver ) and contribute 16% of my salary to my pension. I have no debts…
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I've had confusing pension advice - help!
Hi All, I wonder if you can help. I have had two advisors state different opinions, and I could do with some clarity. In simple terms, is it better to pay £320 a month into my pension each month for the next 10 years, or is it better to put £38,400 (the equiilent amount over the 10 years) in straight away and then no more.…
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NHS Pension overpayments
I don't know whether anyone else has had this issue: In May I was surprised to receive a letter from NHS Pensions, telling me that my pension award has been revised (I retired in 2017) because my previous employer notified them of a change to my pension entitlement, meaning that I had been overpaid. They also said that my…
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Dreadful returns and dreadful service from Best Invest SIPP. Alternatives?
I am 79 with around £75k in a SIPP with Best Invest. The service is dreadful with them seldom replying to emails and the return is awful - just over 1% in the last year and only 2.8% pa over the last 5 years, when the stock market went up 13%. Can anyone suggest a better provider?
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Advice for changing a new sipp and Isa platform
Thank you very much in advance! I have invested a sipp with one platform valued about 200000 pounds, but I would like to stop it as its charges or fees, and invest a new sipp with another platform such as trading 212, investengine, IG, can I just stop investing with the present platform before April, directly apply and…
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New State Pension Query
I would be most grateful for thoughts on this please. I was listening to a WHICH podcast today where they referred to people born in certain years having to wait a bit longer than age 66 to receive their state pension. I am one of those, having been born in July 1960. The podcast was giving examples saying if you were born…
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Are my pensions going to be enough?
I'm 50 Top photo is from a place i worked at for ten months Bottom photo shows my Aviva private pension; pay £120/month into it. Payslip shows my current payments to a workbased pension, can I ask them to increase this? How much am I getting off it? Any good? How do these compare with police/pcso/nurse pensions I heard if…
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£60,000 a year pension cap
Hi reading the .Gov website its say 1 can put upto 3 years of £60,000 into your pension however you have to be earning over that amount with very high earners also reduced to that amount - my wages are only 35,000 not sure as it's not stated on the .Gov website how 1 goes about adding as I am allready trying to have…
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NI contributions for early retiree
I'm due to retire at 59 and have fully paid up NI and due full state pension when I get to that age. I know I don't pay NI on my personal pension but do I have to register anywhere for NI credits
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Exclusion from workplace pension in 1990s
hi everyone My female partner worked for a private company in 1990s and was told that women couldn’t join the pension scheme. She never filled in any forms either to join or opt out but I’ve just read that that was made illegal in 1970s. She’s 62 now and getting prepared for retirement and my question is - is there…
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Providers that preserve protected pension age on transfer in?
Hi all, I'm about 3 years away from retiring and I've discovered that my main DC pension with Aviva (a TK policy) doesn't provide FAD. I'd need to contact them every time I want to make a withdrawal apparently. However, it does provide a protected pension age of 55 which will be really useful. Aviva's fees aren't super…
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car purchasing in retirement
looking at info on what others are doing/plan to do regarding funding car replacement during retirement. We’ll likely drop to one car next year which will need both to be sold as her’s is too small and mine is too big for the other to drive :) so how to finance. logically we should estimate how long we keep cars for and…
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Moved: Ground source heat pump
This discussion has been moved.
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I asked ChatGPT to simplify and sort out my investments
I have been looking at sorting out the isa/pension investments for me and my OH as they are currently across 3 providers (Vanguard - OH, interactive investor (me) and L&G (me) (ex-employer master trust in drawdown). Total approx £1m and not really used for day to day as decent DB in play. My allocation for the last 5 years…
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Gifting out of excess income re dc pension
I understand how to work out ‘excess income’ from a db pension, I guess if you are left with surplus money every month it’s quite simple and understand the rules about regular payments and keeping documentation but how do you work out ‘excess income’ when you basically have just a dc pot. Including State Pension I only…
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How many funds should I invest in a SIPP?
Currently switching my wife's and my pension from Nest to a SIPP with Interactive Investor. How many funds would be the right amount to split it between? We have around 800k in total.
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Stick or twist
An unfair question perhaps but opinion welcome. Both my SIPPs are either (relatively) low risk global/S&P/Far East/Europe trackers, else a few single equities - Shell, Babcock, Brit. Aerospace, and star performer BGEO/Lion Finance. They have all done pretty well and continue to do so. The latter amazingly so. I am now at…
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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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Please could I check if you think this makes sense
Hello. This is my first time on here and I wondered if I could ask for some views please. For the past 8 years I have saved to ISA’s and not a pension. I will be stopping work at the end of April and wondered if it might be worth me opening a SIPP and paying in this year’s salary. I will earn £29K this year but will be…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
736 discussions
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Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by AKUK1
25 February at 4:07PM
