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Was inflation negative in recent months?
I tend to use this site monthly to keep an eye on inflation for my planning: https://erikasgrig.com/calculators/inflation-calculator-cpi/ According to this site, inflation between September and January was actually negative (actually negative in all months in between). Does this make sense given that inflation was said to…
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Withdrawal from SIPP.
Hi, I was wondering how long people have to wait between asking for a withdrawal from a SIPP and receiving it? Thank you.
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Pension Payment Following Redundancy
Been told this week that I've at risk over redundancy and likely to apply for VR I would have liked to pay some of the redundancy into my company pension but awaiting a pension sharing order to be completed so that's not possible. If I received my redundancy and then paid it into a private pension, would that get my tax…
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Personal pension
Hi all, Background. 33 yo and have been a full time carer for 20 years on carers allowance and income support. Does anyone know how to save for a pension? I have been putting some money away weekly but I'm worried because when income support eventually becomes universal credit the savings your allowed drops from £16k to…
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Modelling Inc funds
I've only ever held Acc funds, and am pretty used to using a modeling tool to compare funds' past performance when thinking of making changes to my portfolio et cetera. As official retirement date approaches, I'm considering whether changing to Inc funds might be right for me and am attempting to create a model (or models)…
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Pension - Cash Park
Hi, I am looking to pay a lump sum into a private pension and then to transfer this into my work defined benefits pension. I have been employed less than a year so can do this but I would like to avoid investing the money as it would be subject to market forces and I would not be able to wait for any losses to recover. I…
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Pension, tax, bankruptcy
Can advice be given, please Bankruptcy years ago.No assets so paid monthly repayments for a while & then they put a claim on future pension to be taken when reached 55. There were 2 parts of this pension, protected & not protected, each part had different amounts and claim was on just one of the parts. 55 reached,…
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Transfer into Nest - conflicting information from customer service
My OH is auto-enrolled in Nest and has 3 or 4 previous workplace pensions. None have particularly large balances but I want to help her consolidate into her largest/current pot to keep it manageable. Nest charges state they charge "a contribution charge of 1.8% on each new contribution into your pot" (I think this is very…
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Pension Fund dependants nomination
I have a personal pension pot and I am approaching 75. Can my dependants still receive my "pot" once I have passed my 75th birthday ?
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Pension contributions capped by employer
I started in a new job last October and the company matches pension contributions up to 10%. The starting salary was 22500. I set my contributions to 10% straight away to take full advantage of the contribution match. However, this month I have had a pay rise to 24500, and also received an email from HR to say they were…
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Tax-free SIPP Withdrawal
Just wanted to share my personal experience. I recently retired (early) and made my first SIPP withdrawal at the start of this new financial year. Apart from my pension I have no other income and plan to rely on savings / ISA / premium bonds to supplement this. To help my SIPP to go further I want to minimize the amount of…
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Pension fund charges
Hi have three defined contriubution pension funds from current and previous employers. I've been looking into the charges I incur in them and they seem to vary a lot. 1) Annual charge of 0.30%2) Annual charge of 0.21%3) Annual charge of 0.079% Seems odd that the last is so much less than the others. I am wondering if (1)…
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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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Teacher Pension entitlement for spouse on death - mistake?
Wife had a teachers pension retired in 1998 and recently died. I understood I was entitled to 50% of her pension on death - she worked for 18 years and took 4 years out when we had kids. She later topped up her pension for the 4 years she was out - and her pension letter states figure is based on 22 years. I have just had…
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LTA protection
This thread is not about whether a future Government might or might not reintroduce the LTA as that is discussed elsewhere. What I am interested in is opinions on whether some form of LTA protection would likely be introduced IF a future government reintroduced the LTA so that the reintroduction is not punitive on those…
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Quick question...23/24 lgps latest pension projections
May and june... logging into my gmpf portal...to see my latest pension estimates...to see if any chance of partially retiring in 2 years....July last year
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St James' Place
Hi hoping someone can help. We have had a visit from a lovely rep from St James' Place and talked through our pensions. She has gone off with information to see what is best to do with our existing pensions. Bearing in mind my husband has his personal pension which he has been taking for 7 years and he invests £360 a month…
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Frozen tax allowances - draw full standard rate allowance now to avoid HR in future?
For those who given inflation and frozen allowances might in future become higher rate tax payers, does it make sense to draw down to the full standard rate band from day one putting funds above planned expenditure into an ISA? I know normally the advice is that a DC pot is outside of the estate for inheritance but are…
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What does a Retirement Options Pack look like?
What exactly is a Retirement Options Pack?Just had a telephone meting with Legal and General, to discuss buying an annuity. Prior to the meeting, I obtained an up-to-date statement of my current fund value. I thought that would be just the ticket. But they could not proceed with the call because I did not have my…
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Pension Drops.
Hi - I'm a nervous person when it comes to money, probably because I grew up in abject poverty. My accountant recommended I finally open a pension as a good way of getting money from my LTD company for the future. My financial advisor recommended True Potential, the low risk pension category to start with, so i brought…