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I've had about 20k with them at 2.2% over 2 years. The App isn't great but you don't really need to use it after you have opened and funded the accounts. I don't know how it will go when I transfer out but looks straightforward to move to nominated account. The couple of times I've used chat in the ...

“ An index-linked 7% for the rest of your life seems an awful lot to lose for the sake of 19 months! You are likely to live to beyond 85 unless you have any health issues you haven't told us about so you will be quids-in by maximising the TPS. <a href="/showthread.php?p=72214465#post72214465"...

Thanks Bowlhead I am in two minds about using the SIPP to fund the 2 years between retirement (at age 58 in 2.5 years time) and NPA 60 or just to leave it for a rainy day or for the kids / wife on my demise. I still can't get my head round how much better it will be to draw down the SIPP and take le...

Teachers Pension - Advantages of deferral to NPA Rheumatoid

Still struggling to get my head around this. I am 55 and intend retiring at 58 and 5 months. My NPA is 60. I have a SIPP that I could use to fund the nearly 1.5 years between retirement and NPA. I know this is probably the most tax efficient way to draw down the SIPP but am not sure that the benefit...

Consolidating gains / reducing risk in SIPP Rheumatoid

My HL SIPP has made some good gains in the last couple of years and as I approach retirement I want to try and reduce volatility and risk and try to hang on to some of the gains. I currently hold mainly UK and global trackers and some managed funds that focus mainly on FTSE 100 and global stocks. I ...

“ This is stating the obvious (though it isn't to some people!), but you only get 40% tax relief on the amount you pay 40% tax on. For instance if you earn £50,000 you can only get 40% tax relief on £7,000 (£50k minus £43k higher rate threshold) gross, put any more in and you'll only get ...

“ This is stating the obvious (though it isn't to some people!), but you only get 40% tax relief on the amount you pay 40% tax on. For instance if you earn £50,000 you can only get 40% tax relief on £7,000 (£50k minus £43k higher rate threshold) gross, put any more in and you'll only get ...

“ Hi A DB pension will increase with inflation, probably CPI, so it may not represent the same value / spending power when the time comes. Also any actuarial reduction should be adjusted accordingly. Whether taking a pension at 58 at the 'low' amount and allowing savings etc to grow is beyond...

The other thing I can't get a feel for is the impact of deferring taking my pension might have. Is there any way I can check what kind of enhancement I might get if I retire at 58 and don't take the pension until later, living off other savings and investments in the meantime?

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