Pensions, Annuities & Retirement Planning

A question about : Two questions re: SIPP/pension allowance and tax

Have been working on maximising my pension contributions this year to make maximum use of previous unused annual allowance. My goal this year is to make pension contributions up to my total earnings (which are higher than the annual allowance this year). I contribute to:

a) Defined benefit scheme (regular payments).
b) Defined benefit scheme (AVC contract to buy added years).
c) AVCs to employer-sponsored money purchase scheme
d) SIPP with Fidelity

A question about : can claim Adiitional Satre Pemsion?

I would like to know whether I can claim the Additional State Pension when I retire. I am a man aged 48.

I am aware that it is based on my NI contributions record as an employee. However, I have been self-employed since my 20s and I doubt that I have more than a year or two of full Class 1 contributions - perhaps not even that.

Presumably this is why I am forecast to get Ј0.01 Additional State Pension per week.

A question about : DB scheme transfer?

yes yes yes I know most on here will say not to do it. But regardless of this, does anyone know of a SIPP provider which will actually accept transfers still from a DB Scheme, either with advice or on an insistent customer basis?

Thanks all.

A question about : Pension Advice

This is a follow on to a previous post on the same subject. I have a local govt. pension and can retire at 58. My OH has no pension. I have another pension which I have never made any contributions to which is a pot of around Ј10,000 which is held by Friends life, I understand this has not been the best performing. If I were to move this pot and contribute Ј500 per month for the next 5- 7 years what sort of growth could I expect and could I take 25% of it tax free at that time.

A question about : AA

I finished work at 58 at end of December and was thinking to get as much cash into a SIPP before the end of the Tax year. After this year I will likely have no more earned income.

So I have a DB pension in payment from a previous employment and will get another small DB one for my last job.

I don't think I'm troubled with the Annual allowance. I was on a BR tax code with my last employer. My P45 shows at employment end Pay to date was Ј11,300.35 and Tax they paid for me as Ј2,260.00

Based on the above can someone advise -

A question about : Deferred Annuity Pension

I have a 'Deferred Annuity' pension. I thought the new legislation in April would allow full access to my 'pension pot'. This is not the case according to my Pension company. I have tried to understand my policy, but I am having difficulty since I have also read that it may be possible to access my money. Can anyone help?

A question about : Which pension for holding cash?

Which providers / products would you suggest to look at for holding cash in a pension pot?

HL SIPP is one option (no charge for holding cash), but what others are there?

It’s for a transfer in cash from a DC occupational scheme which is being wound up and he wants to keep it in cash as only 3 years until needed for an annuity.

Thanks.

A question about : State Pension

Having spent the afternoon looking at .Gov sites 'til I feel like screaming, I have then spent some time trawling through posts on MSE but have concluded I should post and hope someone can unscramble my brain.

I was made redundant at 60 (2013) and I am not working and not claiming benefits (house husband). My statement says I have 45 qualifying years of which I calculate 20 would have been contacted out. I am due to get my state pension in 2018.

I got a pension forecast in 2012 saying that my pension would be Ј120 p.w.