How long to release money from pension at 55?

Hello, I really enjoy your website and find it useful and concise. My question is, what is meant by long term savings? I am 54, so what should I consider to be an appropriate time frame for any investment I make, that could supply the best results?

Jennifer | Essex | 16/01/2019 | 1

• Online Investment Platforms
• Funds
• Pension

I have an old pension and they have written to me saying that they are going to enhance my pension if I transfer it out. The company is also offering free independent advice. I have £117,000 in the pension at the moment, which would give me £6400 a year at 65. I am 61 in April and would like to finish work at that point. I am not sure how much extra they will give me. Have you any ideas or suggestions to help me decide? Thanks.

Nicholas | Carmarthenshire | 04/01/2019 | 0

• Pension
• Workplace Pension

My wife and I have recently separated. The equity in the house is going to be split 50/50. We don't have any other meaningful assets. We have agreed to co-parent the children equally. My wife is requesting that I pay child maintenance, child care and school expenses. A CMS document states that shared child care results in no child maintenance payments. However, I do agree with the child care and school expenses payments. Our daughter has Autism Spectrum Disorder, so my wife gets a Disability Living Allowance for her and also works full time. If I don't pay the child maintenance, child care and school expenses, my wife is threatening to claim spousal maintenance, and take half my pension. Should I pay the £350/month or take my chances in court?

D | Lincolnshire | 03/09/2018 | 0

• Pension
• Other

I am 73 and cautious. There are two areas that your advice would be helpful..what if you just spend thousands on buying the gold standard footsie companies like shell and the rest and keep them for five years and then cash them in ?

DB | UK | 24/07/2018 | 6

• Robo Adviser
• Online Investment Platforms
• Funds
• Pension

My wife needs to set up a SIPP with a good value, low cost, low maintenance underlying investment portfolio. We want a good mobile app from a well respected provider. Where can we see the options and directly compare historic returns so we can make a decision?

Guy | HRT | 17/07/2018 | 1

• Private Pension
• Pension

I was considering applying for Individual protection 2016, which I understand would give me an LTA of £1,021,390. However, following the Inflation rise of LTA, it seems the LTA is now at £1,030,000. It now seems pointless applying for Individual protection 2016. Have I got this right?

David | LDN | 12/06/2018 | 0

• Pension

Hi, If I take a lump sum from my pension at age 55, what is the rate of tax after the first 25%?

Judy | 17/05/2018 | 1

• Pension

Do you have information on taking your pension pot before retirement? My husband is 62, on a final salary scheme & is trying to get clear information on it.

Jo | 17/04/2018 | 3

• Pension
• Workplace Pension

Hi, I've got an old D.B. pension, approximate value £12k. I would like to invest & top up each month. Who would you recommend? Also I would like to make an investment, & don't know where to start? Thanks

Eve | 04/04/2018 | 5

• Funds
• Pension

My question is about my wife's pension valuation in a divorce situation. She is on a final salary scheme working for a national charity organisation. I feel the CETV value is too low and certainly does not take into account the inbuilt benefits such as guranteed final salary, life insurance.

Jay | 12/02/2018 | 0

• Pension

I am a 59 yr old retired lady with no income but I have reasonable equity..is it worth starting a pension or is it too late?

| 06/02/2018 | 2

• Private Pension
• Pension

Hi, If I take a lump sum from my pension at age 55, what is the rate of tax after the first 25% ??

Gareth | HAM | 26/01/2018 | 0

• Pension

Can losses in a pension SIPP be offset against anything?

Henryk | HAM | 17/01/2018 | 0

• Private Pension
• Pension

I am a 59 yr old retired lady with no income but I have reasonable equity..is it worth starting a pension or is it too late?

LL | NFK | 10/11/2017 | 2

• Private Pension
• Shares
• Pension

If I were retired and drawing my pension, can I earn an income from doing some sports coaching too? If so, how much can I earn without it affecting my pension? Thanks

Charlotte | DEV | 07/11/2017 | 0

• Pension

Please help me. Choosing a pension from Aviva. It asks if I want growth or income? Which one do I choose ? I'm 46 .

Ria | Greater London | 11/09/2017 | 8

• Private Pension
• Pension

Why should I bother with paying into a pension at my age of 55 years now when I have never had one?

Tee | Greater London | 07/09/2017 | 4

• Private Pension
• Pension

Can I sort a pension out myself online?

Sharon | Greater London | 07/09/2017 | 0

• Pension
• Workplace Pension

What might a savings pot of £100,000 get me as a retirement income?

Aboodi | Greater London | 06/09/2017 | 1

• Pension

Pensions vs ISA - which one is best?

Roderick | Greater London | 06/09/2017 | 0

• Stocks and Shares ISA
• Junior ISA
• Lifetime ISA
• Pension

What are the changes with pension annuities? My mother in law has asked as her retirement is looming. I've read in the press it's changing but it all feels confusing. I just need some simple clear advice. Thanks

Keith | Greater London | 06/09/2017 | 2

• Private Pension
• Pension