-
State Pension /Class 3 NI Top-up after retirement...Quietly changed?
Anyone know why this should be the case - is the MSE article I reference below now out of date? The MSE article on this shows the cost of buying the 2021/22 year as £800.80 but the DWP / HMRC (NIC) wanted £923.00 for that year when I approached them. Perversely they only wanted £907.40 for the 2024/25 year, which is what…
-
Is it worth seeing a financial advisor ?
Apologies if this is a dumb question but I'm trying to figure out what the advantages of seeing a financial advisor would be. My husband is early 60's I'm late 50's. I am debating whether I can afford to retire at the same time as my husband. We both have decent pensions with our employers so no plans to change anything…
-
Applying for pension - quick question
Mrs GenX is about to apply for her pension(s) and she will be taking a combination of DB plan and SIPP drawdown together. She will have about £5k from DB and planning on taking about £6k from drawdown. When applying the forms ask whether you are receiving any other pension income and to provide details (presumably to try…
-
How much to keep back and invest?
How much to keep back and invest? 5 year cash ladder should be plenty and invest the rest.
-
Remedy and partial retirement nhs calculators disparity
I used both calculators with a retirement age of '61'. I've worked part time with varying hours over the years and now have accurate dates, which were inputted into both calculators. I guess the remedy calculator is estimating a pension if I retire fully (?) But the partial retirement estimates my pension to be around 6k…
-
Gold stocks interesting obs
Interestingly, I had a very small pension, just under £2000 within. I was only with the company for one year. I ignored it, didn't think anything of it. I logged in six months later and it had doubled to £4100. Looked closer, it had large amount of gold mining stocks which went up. It went back down to around £3500. Now…
-
Am I an employee for pension purposes
I have my own ltd company of which I am the only director. I have been making sipp contributions from my company to my pension for a few years but last year I stopped taking a wage, so can I still take employer pension contributions?
-
Investment planning
I have posted this to the 'Savings and investments' board.
-
Urgent Advice needed - private pension 25/26 deadline
I paid into my husband's pension to keep him under £100K, unfortunately he has been paid earlier than expected in April so it's now taken him over £100K. If I make an additional payment into his pension today, will it still count for 25/26? When I paid into his pension last month they said payments had to be received by…
-
Inherent annual incorrect reporting of State Pension by DWP to HMRC
Each year, HMRC rely on the annual state pension figure reported to them by DWP for tax purposes.. State pension payments are always in arrears so the first payment on or after 6th April is always less than subsequent payments because a proportion of it always includes an element at the previous year's rate (most…
-
Nest pension and alternatives
My partner is enrolled in nest with work with approx 44k but pays in additional 600 per month to it. We are aware of the 1.8 charge on contributions and I read some comments how poor the nest scheme is, but why? Is is worth her starting a new sip she also has a old workplace TPP scheme would that be a better scheme to…
-
Aviva My Future Focus Lifestage Pension?
I'm looking at my wife's employers Aviva pension statement, and wondering if we need to take any action? She is age 53 (has a previous BT pension for 20+ years) and commenced the Aviva pension when she started working for her employer in 2022. However, she was made redundant in December 2025 and is hoping to return to…
-
UFPLS P60 Sanity Check
Hi all, About to take my first UFPLS payment at the start of the new tax year next week from my as yet untouched SIPP. If I wanted to take a total of £30k out of my pot via UFPLS in the year spread over several payments, what will go down on my P60 towards my gross income? Will it be the £30k or will it be the £30k minus…
-
Pension 25%
I have reached the age of 55 and found myself out of work as i could not work in my last job for much longer. I currently have around a large sum in my pension which i can now draw.I was looking at taking the 25% tax free and leaving the remaining 75% invested iF in the future i wanted to take further amounts of the 75%,…
-
PCSPS members annual increase letter question
Ever since I retired eight years ago I’ve received (in early March) a letter from civil service pensions informing me of the details and amount after tax of the new pension payment for the forthcoming tax year in April. For some reason, this year I have received no letter or information!! Have any other PCSPS members…
-
Pension drawdown taxed at source - how long does HMRC take to refund overpaid tax? (self employed)
I'm 58, self-employed (sole trader) and as I'm winding down to retirement my earnings will be very low this tax year (2025-26) ie under £2k. So I decided to cash in one of my personal pension pots to make the most of my personal allowance (I detailed all this in recent posts asking other questions). The pension pot in…
-
Can I retire?
Hi, I have just turned 55 and had some health issues over the past 5 years, had 2 pacemaker procedures, heart failure and on meds, although I feel ok I still struggle most days with fatigue and just don't have the enthusiasm or energy like I used to. I have my own home worth ~ 260k which is middle of the road valuation in…
-
HL small pot application
I have my SIPP with HL and accessed small pot last year (tax year) and looking to do small pot this month. I did it by post last year as it was the first time (their rules). Am I correct I can do this online this year. Had a look in my account / HL site but could not find specific application page, only general contact…
-
Semi Retired Pension Pots Query
Ok, i'll keep this as short as possible. I've just turned 60 and am semi-retired from the emergency services and drawing my LGPS. Since retiring I've worked part time for the John Lewis Partnership ( 4 years pension contributions ) and a local school ( 2 years pension contributions - again in the lgps ). My question is,…
-
Can an IFA withdraw their service to me
I am retired and have my workplace pension invested with a well established national pension fund. My IFA is retiring soon and has merged his business with a larger firm to provide continuity to his clients. It now turns out this firm has its own pension wrapper product, which it is keen for its new clients to transfer to.…
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
