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Self Assessment / pension / tax calculating
Hi, I've searched for something like this for a few days now but nothing quite fits. Basically as you can't use the Gov.UK website to run a simulation of a self employed return prior to the end of the current tax year what I'm looking for is some kind of simulator or calculator that allows you to input profits, interest…
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Transferring part of a SIPP
I have an ii SIPP and a 212 stocks and shares ISA. I much prefer the 212 platform and the lower fees. I would like to leave my stocks/holdings in the ii SIPP and transfer the cash to a 212 SIPP. Is that allowed? I do not want to go into drawdown.
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SIPP tax deadline day 25-26
I am thinking of starting a SIPP this tax year 25-26 to take the advantage of the tax break of investing a lump sum as I am no longer working paying 20% tax on my two company pensions, on ii website it states has to be done by Sunday 5th April but also seen online that for tax purposes it’s has to be done today Thursday…
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LGPS & State Pension Age
I and 43m and joined LGPS in 2017 on the CARE scheme - which I understand is tied to the State Pension Age. For me, this is currently aged 68. (with the increase from 67→68 scheduled for sometime 2044-46) The current implementation of the SPA rise to 67 got me thinking about the risks around this for planning for…
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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.
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Pension consultation
Hi, we have been informed at work that there is going to be a change in our pensions and that this will be changed to a net pension scheme, and asking if we want to opt out of this. At the present time our contributions go in from our gross pay. This is due to the national minimum wage increasing and breaches that may…
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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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Earliest retirement date change in April 2028, am I affected?
Hi there, Apologies for the lengthy first post. Hopefully someone can offer advice if they've perhaps asked the same question and had a more informative answers than my local government pension service was able to give me. Basically, I have been in my LGPS since around 1993. Earliest Stated pension age to take benefits…
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claim tax relief on pension: impossible! I need a professional...
Dear all, I've been trying to claim tax relief on my pension contributions for month with no luck. I've followed this page: https://www.gov.uk/guidance/claim-tax-relief-on-your-private-pension-payments after having contributed some considerable extra amount to my private pension for 3 years (within the tax-free allowance…
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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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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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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
