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Personal Pension advice please 🙏🏼
Good morning All I've been pondering over all the excellent advice received recently regarding pension and retirement. Many thanks to all who contributed their time and thoughts, much appreciated! From my own perspective I’d like to take up the advice offered of opening a personal pension in my own name. As I’m currently…
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Best place to get Annuity quotations
I have got some quotations from Money Helper, is there any where else better or are they all the same? Also, any pitfalls to look out for?
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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…
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Paying Voluntary NI contributions.
My wife had gaps in her NI record and we have been paying these off. Last year 2021/2022 it cost £800’ish and this year it was £824.20 for 2022/2023. We made the payment 10 days ago and her NI record shows 2022/2023 now paid up/full years NI. She now has 34 years of NI paid and I understand she is now 1 year short of the…
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pension - target age
Hi I have a workplace pension and it's now worth around £400k. I pay the maximum contribution and AVCs in order to get the tax break thing with the employer contribution so quite a lot is being invested each month. I'm 51 and the default Target Retirement Age is usually 65. But in 2020 I changed the TRA to 55 being rather…
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pension transfer taking 12 weeks and counting - is this normal??
And what can I do about it?? Started a transfer of my pension from Virgin Money to Fidelity in December 2023. A smaller pension was transferred from Scottish Widows to Fidelity at the same time and went through in days. Virgin Money requested signed forms (fine, get that they have to be careful) and they received the…
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SIPP and earnings from employment or inheritance
If in any given tax year you receive an inheritance and also earnings, is there any reason why you can't put more of your earnings than usual into the SIPP, and declare them as earnings? Even though the reason you can suddenly afford to do that is because of an inheritance? There is a bit of a delay in receiving my tax…
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GMPE Past Transfers - GMP equalisation claim form
Dated January 9 2024, I received a letter referring to my transferred out benefits on 21 May 2007. 'Mercer' identified an underpayment in relation to the transfer value being undervalued as it did not take account of GMP equalisation. I duly completed the claim form on January 12 2024. The amount is relatively small.…
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New free SIPP platform (until the end of April) - Prosper - anyone else on this?
I noticed this offer here: www.joinprosper.co.uk Applying before the end of April for zero platform fees for life. Seems pretty good? I've opened an account and put £100 in it while I look at it further, but considering moving over a bunch of Vanguard ETFs in my SIPP, that are in a Hargreaves Lansdown account (which I…
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Pension Advice Please
Hi All I'm currently 55 and can access to my local government pension pot which is deferred since I left my previous employer about six years ago. I'm currently employed full-time and have a pension through my employer with a reputable pensions company. My local government pension scheme is worth about £38k lump sum and…
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Non-UK resident + Defined Benefit plan
Just wondering if anyone has been in the same boat as me. I am a non-UK resident outside of the EEA with money of around £100K in a News International Pension Plan. The plan's benefits are intended for the purchase of an annuity, and pension draw-down is not supported. The trustees tell me they are not aware of any UK…
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SIPP company dragging their heels
Is there an independent body to contact when you feel that the current SIPP company is deliberatly taking their time with a cash transfer? My pension was all in cash at the time of the transfer request. No special benefits or guarantees. Just plain cash. I had the telephone call within 5 days so they could make their…
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Specified adult childcare credits
Can I fill in the form CA9176 needed to apply for specified adult childcare credits on an iPad or iPhone or does it have to be on a computer as when I tried it only goes as far as page 2
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What is the point of paying into a private pension?
Hey all, I want to ask a general question, please. If the state pension age is raising to 71, and the average age of male fatality on the UK is 80 years, what is the point in paying 20% of salary per annum into the current NHS pension scheme (which starts paying when a candidate reaches state pension age) for 40+ years of…
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Teachers pension for late Mum
Hello, My Mum recently passed away (91 years old) and I have let the Teachers Pension Group know of her passing. They have now sent me a link to claim Death Benefits but I am totally confused. I was not a beneficary. She has been retired for over 30 years. The form is asking for the Power of Attorney details which as she…
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help with tax please
state pension paid
369.95 on the 17th of April then 387.52 till the 1st April total 9688 for
25 payments i get paid every 2 weeks so total all to gather 10057.95 dwp have
told the tax office 10076 ware dose the difference come from thank hope this makes sence
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Early Pension and National Insurance Contributions
Hi all I'm hoping to retire in September with a teachers pensions and a drawdown from other pensions. As I will be 7 years away from state pension should I be thinking about National Insurance contributions from September onwards in order to get the full state pension in 7 years? Many thanks Jimmy Jazz.
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How do I find any/all of my pensions
Hope someone can help or advise please. I have a small pension plan that I feel has moved around a fair bit and I have lost track of it. Can I please ask how I can find out where all of my pension money is, preferrably for as little cost as possible? Thank you for your help F x
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NHS 2015 Deferred Membership and increases
If a person leaves the NHS 2015 scheme and a pension becomes deferred, is there a set date they have to be employed after which the extra 1.5% is removed or is it applied as long as pension was accrued in the previous year? Or more simply, is it worth planning my "retirement" data to maximise that year's pension increase?…
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Immediate Needs Care Annuity - where to find and how to choose a provider?
I'm wondering about getting this for my mother so she can move to a retirement home. We'd use her house sale to fund it. If you google search for this though, you don't get links to any well known financial institutions, you get links to what look like 'middlemen' companies that say they get quotes from the large insurers…