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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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Overpayment into a private pension
Hi,having read a few articles on overpayment into a sipp and back dating for last 3 years. What is the actual benefit being as you get taxed on drawing it eventually from the pension after the initial 25% non taxable amount. My situation is a pay a nhs pension thats deducted at source,with other investments for the first…
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Change to private pension actuarial factors and commutation rates
Hi My private ‘final salary’ pension scheme has recently made changes to the Scheme’s actuarial factors and commutation rates. As a result of these changes my reduced pension on retiring early in 3 years time at 57 has reduced by around £3500 and my lump sum has reduced by £20,000. I have 30 years service The pension…
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Bridge to state pension - ringfence funds in lower risk or just draw from overall pot?
Not sure there is necessarily a ‘right’ way but would like feedback. target is to retire in 3 years time. I’ll be 58 and a bit, wife will just have turned 59. 8 years for her state pension to kick in, about 8.5 years for mine. Have a DB pension that should pay £15.5k from april 2029. Income needs - 40k net initially,…
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Pension contributions
Hi This might not be the correct section to ask If someone earned £110,000 on PAYE in 25/26, could they make a personal pension contribution now to reduce their additional tax liability? Mean to add, they already have a pension in place, employer only contributions to date
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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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Scottish Widow's calculation
My Scottish Widows' Pension valuation. My fund value calculations differ from Scottish Widows'. Have I missed something? Could this be due to hidden charges or adjustment For example: SW BlackRock ACS World ex UK Equity Tracker CS8 £23,344.51 13683.77 units at £1.71 each 20122013's total : 13683.77 units x £1.71 each =…
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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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Transferring a SIPP from one provider to another
How does this work. I have a Vanguard SIPP with money invested in a fund. I want to transfer the SIPP to T212 and I know the same fund is not avaliable in T212. There are similar funds. Are the funds in Vanguard sold and held as cash before the transfer and then new funds purchased when the Transfer is complete? Anyone…
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Some General Advice
Hi, i have about £175k in a pension fund. Currently sitting in Money Market accumulation. I have work pension Nest that is ticking along 8k in a High Risk fund. I want to spread the £175k (with Vanguard) across about 6 to 7 funds perhaps leaving 25k in the Money Markets. Just after some advice. My time frame is 5 years…
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Crystallised v Uncrystallised pension
I’ve been doing some reading to try to fully understand the concept of crystallising a pension, I think I’ve got my head around it but would appreciate if I could get some confirmation here that I’ve understood the various scenarios correctly… So at a high level an uncrystallised pension is one where the funds have not…
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What to ask? Where to start? Tax Planning pensions and IFA
Posting because I would like to know what questions I should ask of an IFA to make sure they are a good fit for me. Background: I used an IFA to open my Retirement Account with Scottish Widows many years ago. Firm no longer in existence and on reflection I did not make good use of the service or really research what could…
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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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Improving pension position and savings
Hi everyone I've recently turned 40, and am due to inherit some money, so taking the time to consider my financial matters... Especially pensions, where I know I'm lagging behind a little. I'd appreciate any advice on what to change and where to invest. Job: £46,000 annual salary Pension: Current workplace pension is worth…
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Moved: Housing benefit for pensioner if they sell their house
This discussion has been moved.
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Is it wise to buy annuity now and continue to pay into pension pot
Hello, I'm 55 and have a pension pot of £60,000 I was wondering if it would be better to use ALL the pot to buy an annuity now, then use the mothly annuity income to pay into a new pension pot with the view to buying another annuity in the future…. OR take 25% tax free (£15,000) and buy an annuity with the remaining…
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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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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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Drawdown - L&G or move elsewhere
I am retired on a comfortable DB pension and get the full state pension later this year. Since retiring I have also run my own consultancy business which I intend to strike off soon and go into full retirement. Excess profits from the business have been invested in a L&G workplace pension which I have had for several…
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SIPP contributions by HR pensioner
Having a bit of a debate whether a higher rate tax payer now aged 70, only income from pensions and savings, would still benefit from paying £2,880 into their SIPP. The SIPP is currently fully invested and is not expected to be drawn on in the next 7-10 years. The investor is in great health but has quite a low risk…
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USS log on
Can I ask those who have a USS pension, are you having problems logging on to the site? I have tried over the last couple of days and keep receiving the following message: Sorry, something went wrong... We seem to be experiencing a few technical issues in My USS. Please try again, or maybe come back later.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
742 discussions
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Most recent: Proof of Class 3 Validity - Working Abroad by pinnks
8 April at 10:19AM
