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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…
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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.
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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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French pension problems
I am a retired British citizen, ow living back in the UK.I worked in France for a few years in 1970s and had been receiving my French pension. This stopped abruptly three years ago. Since this time I have made contact with the pension department many times and submitted identical paperwork when repeatedly requested. This…
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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…
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Trace pension from dissolved company.
Hello, My father has passed away unfortunately, however something I tried to trace before he passed was his pension. I was unable to locate this, but I am going to have another go. Once workplace pensions came into play, He worked for an employer for around 2-3 years before the company dissolved and he became ill. During…
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Lump sums @ 55
Good evening all, New poster here just wanted to get feedback from experienced posters of My situation please. 55th Birthday lands in August I currently have approx 30k of bad debt! * most are on higher APR due to poor credit history and its crippling more each Month. I've got no properties but am hoping to have a large…
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Teachers pension actuarial reduction
Hello Is anyone on here knowledgable about teachers pension? I would like to know how much my career average pension would be reduced by if I took it early. For example I am due to take it at state pension age which will be at least 68 but more likely 70 by the time I retire. If I take it at 65, what percentage is it…
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Care home annuities
Hi - My mum's 95, got dementia and has been in a care home for some years now. She's self-funding but at over £2000 per week she's getting through her savings very quickly. She's physically in pretty good shape so the family is a bit concerned she'll outlive her savings. We've heard that you can buy Care home annuities,…
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Aviva "Designer Pension" GPP - funds to mirror all world/global
I've been turning my attention to the pension recently. I've consolidated and been paying into this one for 5 years on default. Looking to move out of the default 40-85% fund I'm in. Hoping to mirror a global equity fund. My problem is that the options on the system are a bit awkward. I do not have the broadest of options.…
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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…
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My State Pension Documents?
I am receiving my state pension. My other half is sure I used to receive a letter around this time of year advising what the new payment is but nothing received yet. I may have stated that email or something would be acceptable but nothing there either. I've searched my Gov Gateway account and cannot find anything relating…
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LGPS when the AVC exceeds 25% of the total pension pot
Hi My position - age 56, 2 LGPS pensions and 2 seperate AVC pots. I have now sussed (thanks for the clarification everyone!) that I can claim these independently but I am now trying to work how flexible retirement will complicate the matter. As I am tempted to go via this route My first pension (deferred member) is larger…
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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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Proximity to Retirement Jitters
This recent rally is giving me the jitters . I’m in lucky position to be considering retirement in 2 years time - Age 54. The recent rally and maximum pension contributions past couple of years have got us to a good number in DC pension + SS ISA + Cash ISA. Despite being pretty financially savvy , and knowing that “number”…
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Tax Relief question
So,, last tax year I paid an extra £26k into my workplace pension which then recieved £6.5k tax relief... no problems.... This year I am to be made redundant in July Can I only add up to the total of my pay when made redundant..?
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Retirement Regrets
Top 5 regrets from those that have retired already (from a Canadian site). Seems a fair summary to me and I like the Phrase 'retire into something, not retire from something' https://youtu.be/uvm_1wXzeR0?si=w1mpGuMB-zWlNBHi
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Sole Trader - ISA or Pension HELP ..
an anyone please give me some advice on my finances? I am a 50-year-old sole trader who earns around £28-30k a year with no pension. After years of renting, I had to move back in with my father after he took a few falls just before COVID. It was meant to be temporary, but years down the line, I am still here and some days…
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Pension help
I am sorry but I just can't get my head around these pension calculators. In a nutshell can anyone recommend the amount or bare minimum you would recommend we put into pensions please. I currently have 2 pensions but not much going in a month and hubby has his work pension but I think only 3% is going in to that. Me,…
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Being made redundant ....woohoo.....
I am 64 I am being made redundant in July or August (Or to be precise. I am being made volentary redundant. Which leaves my job open to a younger colleague who would otherwise be finished) So being retired 19 months early, helping a younger colleague, and getting a 'bung' ....woohoo... The redundancy will cover the lack of…