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COPE impact on state pension
My State Pension forecast states that I can get £221.20 (full state pension) when I am 67. It also states that I have an amount of COPE. I understand that the COPE is paid as part of my other pensions, this is fine. What I am unclear about is whether the COPE amount will be deducted from the £221.20 paid by the government.…
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Military widow’s pension CPI increase?
I’m in receipt of a pension due to my husband dying in Service last year. My understanding was that my pension (and those for our young children) would increase in line with the CPI from April. However, I received my remittance letter for all of us today and it is only increasing by 2.79%, not 6.7%. It has now pushed me…
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Civil Service Pensions - Deferred AND Current Member
Hi, I wonder if anyone au fait with civil service pensions may be able to help me. Ive scoured the civil service pension webpages but cant seem to find any guidance on my particular situation. I'm in a perhaps unusual position of having two civil service pensions. 1) A deferred Classic pension from first period of service…
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CS Classic lump sum - when paid?
Quick question - today (May 1st) is the very first day of my retirement (although have been off for a few weeks with leave) so I am expecting to get my first pension payment at the end of May as it is paid in arrears. I am however a little confused as to when I get the Lump Sum - I received a letter from MyCSP a couple of…
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Reclaiming St James Place costs
I’ve had a barrage of ads and calls about reclaiming charges on my St James pension and investments to the tune of £4200…….. is this like the PPI fiasco and is it legit?
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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
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Do I need to make Bonus Sacrifice decision without knowing value of bonus?
My employer has advised me that I need to decide what percentage of my discretionary bonus, if any, I wish to sacrifice into my pension. The rub is that I need to do this before I know how much I’ll be getting. Apparently this is HMRC rules, but I can’t find any information about it anywhere. Please could someone point me…
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Views on this pension fund?
5 years ago I commuted a small defined benefit pension fund to prudential (using an advisor). Since then I have removed the advisor and left the funds sit as they are. The investments are held in a fund called the "PruFund Growth Fund Series E" and while I like the inbuilt diversity of the investment, I don't like the…
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Topping up Pension in Drawdown
My Partner retired 2 years go (aged 60) with a good DB scheme and a cluster of small SC schemes that I consolidated into Pension Bee ( a further DB scheme start paying out in 3 yrs time ) She is a std rate tax payer The PensionBee fund we drawdown sums, as needed (25% tax free, 75% taxed) In the last 2 previous year we…
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Vanguard?
Evening. I've been trying to draw down out of my pension and also my ISA both of which are held with vanguard. There are constant delays asking for more information, upload bank details that I have already uploaded several times, asking for my passport details.( No other pension providers have asked for this) waiting 2…
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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…
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Combine LGPS deferred benefits into current pension account or keep separate?
My partner has had several distinct periods of employment with different LGPS-affiliated employers and has to make a decision as to whether to keep the older deferred benefits separate or merge them into the current one. The estimates that he has been given for the value of the deferred benefits if combined and their…
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Pension Forecast
Mu pension forecast letter gives my estimate and forecast,but the years of my National Insurance Contributions don't appear?
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Transferring an old pension
I've located an old pension from 20 odd years ago. It isnt much about 12k and don't think it is going to grow much more if it's even growing at all where it is, so would prefer if it were in my work place pension or my SIPP that I've recently just opened. The company that is holding it is saying there is a reduced transfer…
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Pension Bee did not add the tax bonus to my personal contribution and still haven't
I opened a Pension Bee personal Pension with a small lump sum from my earnings. The tax bonus should have been added by PB immediately on investment. They have not done so. It is three or four weeks in. They have only been able to explain it s a 'technical issue' which they are trying to resolve. I found out that I am not…
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Cash Flow Modelling tools
Can anyone recommend any Cash Flow Modelling tools that are available for free? I am familiar with Guiide, but are there any others similar out there? I need to be able to evaluate different pension options for retirement income, things like lump sums, different DC and DB pension incomes, bridging pension options, tax, etc.
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Teachers' Pension Scheme: Rollback Choices (Faster Accrual)
Is anyone good enough to offer some analysis? Not financial advice, but observations that might be useful to anyone in the pension schemes impacted by the McCloud and Sargeant cases, and who opted for Faster Accrual (FA) or similar flexibilities. Quite a few of these letters must just have gone out to teachers, and there…
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Ill health retirement
Good morning all, Bit of a long winded explanation,here goes. Two years past in January I was assaulted at my work and was off work for 12 weeks and attended physiotherapy every week. Phased return to work completed but on restricted duties. Diagnosed with severe tinnitus and partial hearing loss in left ear(bilateral…
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Overpaid Private pension on deceased person
We have received a letter of over payment on a private pension Phoenix Life, they are requesting a payment is paid back around £300 we informed them of the deceased person straight away. do we need to pay this back he dies in November 2022. thanks
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Help understanding old pension plan
I have a family member who is paying into a personal pension plan since 1994. Back then it was called the Pearl Prosperity Pension Plan. It’s now with Phoenix Life, and called Prosperity Pension Plan unit-linked. The pot is around £90k. The fund it’s in is the Phoenix Pearl Pens Mixed. Mostly in ‘accumulation units’ and…