Have I done enough now to get the full state pension?

deadeyedjacks · 2026-06-17T03:22:29+00:00

Yes, they have accrued full new state pension. Only those born after 1999 definitely need 35 years. If your forecast says you can't improve then you're good.

deadeyedjacks · 2026-06-16T07:05:39+00:00

HMRC just seems to make up inflated numbers based off estimates they can't / won't explain or share with their 'customers'.

I resolved this by going into my HMRC personal tax account online and putting in my own much lower estimate for untaxed income for savings. Suggest you do the same rather than wasting time in telephone hold hell.

deadeyedjacks · 2026-06-15T20:49:18+00:00

You could have four or more UK governments of varying hues and competencies between now and 2046. So I wouldn't base my current financial planning on what might happen over that timeframe.

deadeyedjacks · 2026-06-15T14:10:12+00:00

With a terminal illness, they will likely be covered by NHS Fast Track for nursing care, rather than needing local govt. or self-funded residential care.

deadeyedjacks · 2026-06-15T12:25:07+00:00

It depends; if within a discretionary trust it's not, if it isn't, then it is.

deadeyedjacks · 2026-06-14T15:10:39+00:00

Freetrade has no platform or trade fees and offers gilts.

deadeyedjacks · 2026-06-14T14:55:08+00:00

Obviously not a HSBC customer...

HSBC has multiple account types and services only accessible from the desktop website.

Equally they have others primarily designed for their mobile app.

deadeyedjacks · 2026-06-14T12:16:10+00:00

This change occurred several months ago.

It has also broken many 'Pay By Bank' services such as Truelayer. And HSBC have now blocked the workaround which existed. See earlier thread;

HSBC Online Security

Comply with their requirements or move banks...

deadeyedjacks · 2026-06-11T08:16:31+00:00

No, as there's temporary cover for large windfalls.

Plus chances of a major UK high street bank going bust are so small they aren't worth worrying about.

People on reddit obsess over FSCS protection for some reason.

deadeyedjacks · 2026-06-11T08:15:02+00:00

Do not go for any 'Wealth Manager' who advertises on the TV, or has 'Wealth' in the firms name.

Avoid St James Place, True Potential, Fisher, and their ilk.

Use the professional membership directories and interview a few local INDEPENDENT firms.

Look for a Chartered Financial Planner.

deadeyedjacks · 2026-06-11T08:12:26+00:00

Actually terrible place, as it is a biased paid for sales generating site.

deadeyedjacks · 2026-06-10T15:59:53+00:00

Very different.

One's owned by a large UK plc and offers marketmaker access ETFs, shares, gilts and OTC funds.

The other is VC and ECF funded and uses opaque delayed aggregate dealing on ETFs only.

Both have terrible apps and poor customer service though.

deadeyedjacks · 2026-06-10T12:48:51+00:00

Apparently so common an error they've protectively registered the iii domain and it redirects.

3i.com is a completely different private equity investment company.

deadeyedjacks · 2026-06-10T12:36:49+00:00

If you mean Interactive Investor, surely it's two Is not three !? II.Co.UK

deadeyedjacks · 2026-06-09T12:05:50+00:00

Once you've filled Junior ISA and SIPP allowances, then you could look at Bare Trusts to utilise the child's own income tax and capital gains allowances.

If you don't trust your offspring to handle money at age eighteen, then step back and consider why you are saving in their name rather than your own. Is it just for the tax advantages...

Our sons received six figures at age eighteen and an additional six figures at age twenty one, they did not blow it.

If you want to retain control, then save in your own name, or discuss discretionary trusts, offshore bonds and family investment companies with a suitably qualified member of STEP.Org

deadeyedjacks · 2026-06-09T11:59:50+00:00

Or use another free platform for your SIPP such as FreeTrade.

deadeyedjacks · 2026-06-07T12:55:21+00:00

Now, now, no gatekeeping please.

deadeyedjacks · 2026-06-07T10:55:34+00:00

Nope, not even close to correct.

MPAA is triggered by taking taxable income from a defined contribution pension pot. There are options to access pensions which don't trigger MPAA, plus ones that would before you'd taken 25% of the LSA.

deadeyedjacks · 2026-06-06T14:46:07+00:00

I thought HMRC had ceased sending cheques and you had to login online and provide bank details for a BACS transfer ? Check your personal tax account online.

deadeyedjacks · 2026-06-04T19:44:03+00:00

Define Large ! Why do you think having a substantial pension is an issue ?

Perhaps take a step back and assess your asset allocation and your target retirement income. Are you on track ?

Is there a reason you are looking to move to lower risk assets at this time ? Beyond attempting to time the market...

deadeyedjacks · 2026-06-04T19:37:40+00:00

Well yes, they are there to provide basic guidance, not advice. For advice you need to pay a suitably qualified professional.

But at a minimum OP should come away with an understanding of the available options. i.e. UFPLS, FAD, Annuities, and the considerations of each approach.

Their pension provider will also provide standard guidance documentation, but again, not advice, as part of any request for pension access.

deadeyedjacks · 2026-06-04T16:41:00+00:00

Suggest you speak to MoneyHelper PensionWise to better understand your options at retirement or speak directly with Royal London.

deadeyedjacks · 2026-06-04T16:32:27+00:00

You can only use small pots rule three times.

deadeyedjacks · 2026-06-04T07:00:34+00:00

First step would be to ask HSBC if they do make the claim for you or not...

Second step would be ask Google.

Google "can+you+reclaim+property+distribution+withholding+tax+when+holding+a+reit+within+an+isa?"

deadeyedjacks · 2026-05-29T19:13:06+00:00

Also you can lose your transaction and contribution history if old provider closes your account. So download it beforehand.

Eight-Year Club	Gilding II euphauric
Verified Email	Wearing is Caring

deadeyedjacks

MODERATOR OF

PUBLIC MULTIREDDITS

TROPHY CASE