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Questions tagged [pension]

For questions related to pension, which are usually contracts to pay an individual a fixed sum after retirement from an organization or service.

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4
votes
2answers
619 views

Pension LTA (Life Time Allowance) limit criteria

I've been reading about pensions and specifically the LTA (Life Time Allowance), and after spending days reading everything anyone has to say about it, the only thing I'm sure of is that there are ...
6
votes
1answer
318 views

Which is more advantageous: Lifetime ISA or SIPP?

I should preface that I am a self employed sole trader in my early twenties, and a basic rate taxpayer averaging somewhere between £28-32,000 per annum. The variation not only arises due to the nature ...
2
votes
1answer
527 views

UK income tax relief on pension contributions (higher rate)

My question is regarding UK tax relief on pensions, and there are a couple of questions. Say I earned £52,385, exactly £10k over the UK higher rate tax band of £42,385. My provider would usually claim ...
6
votes
1answer
476 views

Wandering EU worker: Pension / retirement fund if working in multiple countries?

I am European, always worked in Europe in many different countries, and I have pension funds scattered around all the old continent. The EU legal system does not allow pension fund transfer among ...
6
votes
1answer
199 views

What is the best option for recent employee setting up a pension (UK)?

I have been a sole trader for a while and recently been employed full time, as part of the deal I have been promised an employer contribution pension but it is up to me to decide what to do. What are ...
5
votes
3answers
641 views

Is there a rule of thumb for how much to save into your pension for retirement?

Pension sites often quote "Use our pension calculator to estimate the amount of pension income you could get when you retire. This will help you decide how much you need to save to get the retirement ...
4
votes
2answers
365 views

Making up National Insurance shortfall when working abroad

I lived and worked in the UK for several years, but now live and work elsewhere in the EEA, where I will remain indefinitely. (I have no plans to return to the UK to work or retire, but anything's ...
3
votes
1answer
104 views

Extra revenue for retiree receiving a basic public pension

I have an online blog that I don't use. It generates some money through ads but not enough for me to spend time on it. My mother wants to take the blog and maintain/update it herself and receive the ...
2
votes
1answer
60 views

Effects of moving around on pension

I'm currently a resident of the US, and I work here on an L1 visa. Prior to this I resided in the UK for about 2 years and I expect to move to Switzerland sometime in the next 10 years for work ...
1
vote
2answers
102 views

Payroll pension contributions- UK higher rate tax relief

In the UK, a higher rate taxpayer who contributes to a pension scheme is entitled to pension relief to recover the difference between basic rate and higher rate tax for pension contributions. (HM ...