Pensions

[hampshireblue]

I have big decisions to make next month as i have had all the letters about my small private pensions that are ready to take, my brain is not sharp enough now to decide so will have to take advice, if i take them then it affects my benefits and the tax stuff so it is not straight forward by any means, i am worried that i will get a crooked financial advisor and get scammed !

There are a couple of IFAs on BM. I'm sure one of them could help, even if it's just a call to help reassure you. I've used one of them for 5+ years and I'm very happy with him.

 

[denislawsbackheel]

I’m in a DB scheme that pays out a lump sum when I croak and a 50% pension to Er indoors if she lasts longer than me. I was under the impression it doesn’t count as part of my estate for IHT.

If it’s a public sector one it doesn’t.
There is no pot to value.

 

[west didsblue]

If it’s a public sector one it doesn’t.
There is no pot to value.

Mine’s a private scheme which always had a notional value of twenty times the accrued pension, a figure that was used to calculate the maximum 25% lump sum.

 

[SCEtoAUX]

How old? ;-)

62, I'll correct it now, but will note my typo :-)

 

[kaz7]

Have a look at this. Gives some advice on what to look for in an advisor from an advisor. There will be other useful bits across his various YouTube videos or podcasts, but this was the first one of his I found and can be trusted in his suggestions, not least as his usual advice is most people don't need an advisor (although sounds like you're at the level of complexity where it's probably worth it)

Thanks lovely, i will have a watch

 

[kaz7]

There are a couple of IFAs on BM. I'm sure one of them could help, even if it's just a call to help reassure you. I've used one of them for 5+ years and I'm very happy with him.

Thanks lovely

 

[1961_vintage]

Thanks lovely, i will have a watch

He's also in Penzance so can be trusted!