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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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planning for death is expensive!
My basic plan looks fine - stress tested for 2% real returns and monte carlo etc. But if one of us dies (specifically me as the most impactful) - my DB gets cut in half, and we lose one state pension (after 67 - prior to that we have life insurance still in place). Before, almost all funds were covered by guaranteed…
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Sipp flexi access drawdown and LSA
Hi all About to start drawing down from my II sipp. I think I'll be going with Flexi access and so thinking about the amount to crystallise at a time. Am I right in thinking that as long as you have enough cash to withdraw then crystallising the entire fund offers protection for the lump sum allowance? In other words, and…
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Teachers Pension Scheme and CPI increase
Hi, My wife will be taking her pension this Friday (10th April) which is obviously after the 6th April when the 3.8% rise applies. I understand that any rises when the pension is in payment will have their first increase apportioned. As her pension was NOT in payment on 6th April 2026, and I assume she was still a deferred…
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ILGs held to maturity
To hopefully assuage my fears - am I right in thinking that even if there was a collapse of the bond market and providing ILGs are held until maturity, all other things being equal, it would not affect the redemption value on maturity? I note yields seem to be rising and various articles on declining investor confidence in…
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Early Retirement Refused
I’m 55 and I have a deferred DB pension with Diageo, I started in 1999 and left in 2001. I had transferred in my previous DB pension from IMI who I worked for from1988 to 1999. I recently asked for a benefit statement and they mistakenly thought I had asked for early retirement (no plans to retire until aged 60). They sent…
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Age 42, what should I invest for for retirement?
Hello, I am Age 42, what should I invest for for retirement? Should |I go for all equities or equities and some EFT's? Thankyou,
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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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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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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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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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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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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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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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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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Most recent: MSE NEWS: At or near State Pension age? Check NOW if you’re due missing Child Benefit credits by MSE_Isabelle
17 April at 12:12PM
