-
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 =…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Moved: Housing benefit for pensioner if they sell their house
This discussion has been moved.
-
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…
-
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…
-
Pension Transfer - Cash or Investments
I'm looking into transferring a couple of old persona pensions into a single SIPP and given the current climate what are the pros and cons of transferring cash rather than investments. I am aware that a cash value transfer will be quicker.
-
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…
-
What to do with a pension that is due to 'pay out' whilst still working?
Hi all, That's probably a badly worded thread title but hopefully I can make myself clearer 😀 Many moons ago, at a former job, I was paying into an Aviva private pension. I left the company nearly 15 years ago and haven't paid a penny into the fund since. From what I can tell, from the latest statement(s), the portfolio is…
-
Timescale to move from SIPP to drawdown AC with Hargreaves Lansdown?
Has anyone submitted an application to HL recently to move money from their SIPP account to their drawdown account? I am trying to get an estimate of the timescale it is taking. I made an application on 6th Nov, got a confirmation email saying 20 working days. That has now passed and I have messaged and called them for an…
-
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…
-
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.
-
Questions on Private Pension
I’m new on this thread. I have some questions hopefully someone can help me 1. Can someone recommend a company who can trace all my pensions? I used the government sponsored pension tracing but none of my previous employers’ names were shown and I couldn’t remember my pension providers. 2. I’m happy to pay for the tracing…
-
Pension emergency tax refund - 30 or 90 days?
I recently paid an extortionate amount of emergency tax on my pension drawdown, with the expectation of being able to receive a refund within 30 days of submitting the form. That is what was said in the confirmation email from HMRC, and it is what is stated on this website and many others. However, when I go into Govt…
-
can't find my private pention...Please Help!
Hi, Can anybody help, I opened a private pension years ago (about 2001) with Nationwide, which has since been changed over several times to other companies who had just continued to take out the direct debit. The last I knew it was being taken out by Waystone but then after September 2025 they stopped taking my money and I…
-
Advice on Kingfisher pension
I am 58 and have a deferred FS pension with Kingfisher. I was there for 7 years and left in 2007. I have just now taken notice of the statements sent over the years and have now looked online to see the benefit statement. Yes, I should have done this years ago !!The 2020 statement is £2.9K pa and projects around £3.3K pa…
-
How to claim back Tax Overpayment on Drawdown via SA
At the end of TY 2025-26 I took a lump sum out of my Pension of £30K, this used up the remainder of the standard rate tax band for the year. I was expecting this money to be fully taxed by the pension provider at 20%, but they taxed it at 40%, resulting in an overpayment of £6000. I know that I can reclaim this tax via my…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
744 discussions
6.4K comments
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
