-
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…
-
inheriting pre-2016 state pension
Prompted by a similar thread which I don't want to derail s that is dealing with the new State Pension rules...... My father died around six weeks ago. Both my mother and father reached state pension age pre-2016 (they were the same age, Dad reached SPA in 1999, mum five years earlier). It seems that he was getting more…
-
Should we contribute to a personal pension after retirement.
I have been an occasional poster on here as I neared my retirement. I am fortunate to be about to take early retirement from Civil Service aged 59. I have been sent the figures by CSP. I intend to take my Classic pension, with the Mccloud option, plus a small Alpha pension from 4/22, immediately both reduced for early…
-
Old DB Scheme - sanity check required
I was a member of a Company DB scheme for nearly 20 years, before they closed it. The last statement I had (last year) says the estimated total annual pension at age 65 will be £15k But then it also says that in addition I transferred in 2 other old pensions from previous employees and the statement describes them as a…
-
Pension Transfer Value
October this year a small pension of mine matures. I have tried to make sense of the forecasts, but to no avail. They do give me a transfer value of around £16000, but i am not sure, that is what i can expect to get, I would appreciate any pointers with regards to this. Thanks
-
on going advisor charging to press a few buttons to move money within Prudential
Although I am happy with my Prufund Pension and the many benefits of the Prufund range, and also my advisor, I was shocked to find out that £100k of tax free cash came with an 8% additional cost i.e £8k from my advisor whom has/is been charging monthly ongoing fees for over 5 years Why so much? Why at all given the monthly…
-
Smart Pension
HI i have 2 small pensions one with nest the other with Smart Pensions, i don't know much about the latter. Generally speaking, is it better to put everything into one pension account? Can i ask my employer to put the monehy into an account that i wish to use?
-
Transfer from wtw
I need to transfer my pension from wtw, tbh dreading the whole process. Does anybody have any experiences of transferring from wtw and if so how long did it take? Ideally I would like to do inspecie but I don't think the share classes match, everything will be in tracker funds, so most probably that will be a problem.
-
MasterTrust Pension Guidance - Please
Dear All I have an ex-employer pension scheme which is in a MasterTrust. Since I left that employment I have been contributing towards a private pension scheme with Aviva. My query is whether it is possible and perhaps cheaper to transfer the money in the Aviva scheme to the MasterTrust scheme? The obvious downside I can…
-
Adviser: Possible Complaint
BACKGROUND I had a few IFA over the years and the last IFA until 2022 when he retired and he assure me that he would arrange on-going advice with a new adviser with no cost to me (He was a one-man band). Great! Met the new guy and all was good until end of January this year when it dawned on me that the adviser is…
-
Defined Benefit Early Redemption and Tax Free Option Numbers - General Expectations?
I have received some figures detailing an early start (9 months before NRD) to my deferred DB pension. I requested two figures, one without taking any available tax free cash and the other taking £53,000 tax free, to maximise the overall tax free available to me. Net of an additional payment at NRD until State Pension age,…
-
Investment bonds
My elderly mother has recently gone into long-term care and I am POA for her. I will shortly be needing to do a financial assessment as she is currently self funding. Someone has told me that money invested in an investment bond is not used for assessment purposes? My question is whether or not this is the case, and…
-
Paying and drawing at the same time
I already draw a workplace pension every month and also pay into another workplace pension , can i pay more into the new one ? will i pay extra tax and are there limits?
-
Old Barclays DB Pension
Hi, I would appreciate some advice as I am trying to understand my pension and what it will mean at retirement age I have a Barclays Pension DB (1964 scheme) the transfer value has dropped over the last couple of years but I have learnt this will not affect the figures long term. I am 54 and the pension would be paid at…
-
Anyone cashed in a NEST pension?
Hi, I'm over 55 and have just £1,000 in a NEST pension for a job I diid over 5 years ago. This is not my main pension and I would like to cash it in and close the account to pay for a holiday. Have to say the process was straightforward on their website and have provided the bank statement they asked for. However, there…
-
Transition Arrangements for PCLS following abolition of LTA in April
Hi, What is the best source for info regarding the transition stuff? Any feed/stream I should subscribe to? David
-
inheriting state pension
Hi, I am getting conflicting views on this, can anyone help? My husband passed away 2022 age 50yrs, we got married in 2009. am entitled to any of his state pension when I reach pension age?
-
USS - options options options - what to do?
I am taking early retirement ( 55) from USS and will have a DB annual pension of £23k and a separate £9k pa widows pension but my dilemma is I will need an additional £17k pa for the next 4 years to cover short term additional expenditure (supporting children through uni, maintain current standard of living) and I need…
-
Charges
Hi I’ve just received a document giving me a thorough update on my pension performance , it’s currently sitting at around 430 000 and is invested through fidelity and is 3 cautious funds . as usual the first thing that jumped out was the charges, all in I was just over 7000 for the year, That’s for everything .does that…
-
I did it… I’m retiring… no more dithering
Update… I’m officially retiring as of October, after much dithering! Plenty to sort out workwise, but also starting to allow myself to plan my retirement! Thanks to those of you who’ve helped along the way by commenting on my previous posts.