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My LTA is roughly about 45%, I’m not going to get anywhere near the ceiling of over circa 280.000 k Iv crystallised a smaller pension about 8 yrs ago and my LTA on that was 7.52% Should I request a TTFC ? I’m slightly confused but my thoughts are telling me I won’t need one? I would appreciate if you could give me your opinion and accept you cannot give me any financial advice for obvious reasons.

Hi Justin, great video! In your example of Sarah’s £4k contribution (which becomes £5k which additional tax relief) - would that be her own deductions or would it also include any top up from her employer? Very common that UK employers do a 5% / 3% split (5% employee, and 3% to up from employer).

What do nhs state are ‘ rapidly deteriorating condition’ I cannot find examples and therefore this is open to interpretation and debate which means I won’t get funding for the ‘ fast track’ for my loved one.

The half assed government don't know and can't decide what to do,since the pension freedoms people are self investing there pensions ,with dividends being one of the means of income ,Then the stuiped government told the companys to stop paying dividends during COVID while pensioners relied on them dividends , i would go for dividend investing in about 12 top companies ,so long as the never go bust and keep paying even if the market drops your money gos on even if your capital gos down

I think when the only option to access you pension was through a annuity the best rates were not being given, It has taken the life companys 9 years to realized them days r behind us

I think he is getting himself mixed up ,With saying 40% tax when he actually should be saying the amount over £50270 is claimable at 40%

My late husband passed away before he reached State pension age. I get my state pension but I only receive £20 a week from his.

Hey, loved the vibe🙌! I'm not really sure if it is the best time to ask but, I was wondering if I could help you create a better distribution by working on post-production like better storytelling through Edits, Keywords, think catchy intros and outros, or even some engaging short clips! Would love to chat if you're interested.

In the 1990s I sold pensions on the strenght that the tax free lump sum would pay off most if not all of the mortgage and leave the investor with a pension for life. Most were over a 40 year term plus, I was not alone

In layman's language, can you tell me what are the draw down and annuity? Thanks

Her interviews are all the same

Justin excellent information so informative. Thank you Valerie

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

My mother passed last year, my father has just been moved to a smaller property as his mobility declined dramatically past year and he has dementia too. Can equity that’s had to be put in a trust account be used to pay off my sisters mortgage? Or would that constitute a gift as officially he inherited it all, albeit in a trust me and my sister being trustees?

I turn 55 in March 2028. I assume the change to age 57 instead of 55 comes into effect for the 2028/2029 tax year?

What if my spouse is not old enough to receive the state pension but I do get the additional pension?

Thanks, very informative.

Hello, I worked in the UK for 8 years before relocating abroad. I am wondering if it is possible for me to make voluntary national insurance contributions in order to qualify for a UK pension in the future.

I should have claimed long time ago for the allowance but because of deep depression I never claimed, is possible to backdated your claim to when you first became ill?

Hi Justin, thanks for producing so much great content. I'll be 55 next year; planning to retire at 60; currently receive 47% tax relief on my DC workplace pension contributions via salary sacrifice; adjusted income is less than £260k; currently contribute £45k a year. I am considering taking £7,500 PCLS each year between 55 & 60 and increase salary sacrifice contributions by £14k. Aside from the loss of £37,500 of PCLS lifetime allowance, are there any other considerations I need to take into account? Many thanks, Simon.

What about joint account 85K + 85K ?

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class people find it tough to own a home too, leaving them without a place to retire.

Some interviewers can be so frustrating!.

57 at 2028😂. Labour are going to come after your pension. Live when you can while you can.

Is there an email address I could contact please, it’s impossible getting through on the phone.

My husband was born December 1951, I’m not sure of the date when he first received his state pension, he has dementia now so difficult to know, he never paid all his stamps in over the years and only receives just over £500 per month. Would I be entitled to any of his state pension when he passed away.

Are fees relevant? What can you expect to pay for an annuity? And how does this compare with the purchase of a drawdown product?

Simple answer is if its the new state pension then no. All barring a protected payment of a poxy £3. odd. All the old pension is stolen by the government. And if that partner dies before pension age then its a double whammy..

What if you was tricked to sign a waiver not to collect a spousal pension. Do I need to get a lawyer to collect the funds.

What a usurious system.

Pensions are not performing as well as the snp 500.

Think labour will remove the tax relief by change the allowance or stop the 40% level ?

If i have 33 years by the time i plan to retire. Can i pay an additional 2 years when i plan to retire at 56. To claim full state pension?

HI, If I open ISA on March and put 20k then open other in April . Can I put other 20k in April new ISA. Many thanks

A bit unclear. Would benefit from: (a) 3 charts showing. £40,000 income - taken over 1, 2, 3 years. "Look people - being patient, I take it in March & April, not just March saves me £xx because I've spread it over 2 tax years" (b) £100k in my pension vs £50k in mine, £50k in wife pension (c) £25k in each of pension & ISA. Yes, I didn't get the tax relief but spare £1k - throw it into ISA in your 50s, 60s and this good housekeeping will help in holiday planning just 10years later"

There should be a late payment charge imposed to hmrc for the late payment applicable to hmrc i want £100 per day for their late payment to my account immediately

Thank you. Very useful tool for helping to understand the challenges of the NHS CHC procedures.

Hello Justin,

Why am i paying tax before free allowance?

Hi, if i draw down my 25% tax free lump sum at 55 but carry on working, does this limit the amount i can then pay into my pension going forward?

Can my wife claim for carers allowance, she is Zambian with permission to reside and work in uk but cannot claim benefits?

Cfd trading gain how to use as stock isa account? I gain from cfd trading then moving money to stocks isa and life time isa so needed to pay tax ? Please explain

Is there any point in putting just 100 in , what's the chances of getting a good win off it has anyone put low cash in and got big money from that ??

Hi, is it possible to message me regarding the immediate care annuity? I would like to know how the cost of the policy to pay for care compares to self-funding care from savings, i.e. is it cheaper/more expensive?

Can you claim 100 percent of your losses or do you only get a certain percentage of it back ?

straighten your glasses

Thanks but please explain the £3,600 figure...

Do you need to be tennants in common for this to work?

In the opening balance part of the formula to calculate how much of the Annual Allowance has been used up, what CPI figure do we use? Is it a mid-year one for September that is used or is it the one for the date at the opening bakance, presumably April?

With a career average DB scheme, what figure for pensionable salary is put into the formula? Is it the salary received gross for the whole year or is it the contractual salary at the end of the fiscal year? Would it be any different for final salary scheme?