houghton cut head
Striker
Im more thinking when he nukes one of the countries that Israel tells him to nuke in the middle east, rather than the UK, that will effect everyone's pensions across the world
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Stocks n Shares ISA
- Thread starter Fletch
- Start date
tunstallhill
Striker
does this mean my investment fund is gonna plummet ?
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Fletch
Striker
no
but they seem crazily high at moment , bound to be a dip on a horizon, hopefully not a crash though
hairynaker
Striker
I normally put into S&P but seems quite high at the minute, any others worth a punt?
buster
Striker
Pension up 10% in the last 3 weeks
Aye but it would have been down 10 % the three weeks before that.
Shambo
Striker
It was certainly down but it was down less than that. It's now up higher than it was before
buster
Striker
FTSE is pretty high at the moment at 10,400 ish against a high of 10,934 and a low of 8361.
You may or may not want to look elsewhere around the world or invest into funds that spread the risk.
SpiritofBurnden
Striker
BOE 'Head of Financial Stability' creating potential financial instability:
Breeden, who is also the Bank's head of financial stability, declined to say when she expected markets to fall or by how much, but pointed to a number of factors that markets seemed complacent about.
Breeden said her job was not to predict when and how much the markets fall but to ensure the financial system is ready if it does.
If it's not her job to say when and by how much the markets will fall, then why issue a statement saying that she's being 'kept awake at night' by the prospect?
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Breeden, who is also the Bank's head of financial stability, declined to say when she expected markets to fall or by how much, but pointed to a number of factors that markets seemed complacent about.
Breeden said her job was not to predict when and how much the markets fall but to ensure the financial system is ready if it does.
If it's not her job to say when and by how much the markets will fall, then why issue a statement saying that she's being 'kept awake at night' by the prospect?
Ned Land
Winger
Isn’t there a saying about economists predicting 100 of the past 3 recessions or something? She’d be a billionaire if any prediction was correct.
Most markets are close to 52 week highs.
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Jesse The Body Ventura
Winger
I'm definitely late in getting started down this road but wonder if someone could give me a couple of pointers?
I've already got a civil service pension which is very reasonable but also means if I want the maximum benefit I cannot currently take until I'm 67.
In the background I've also been saving into cash ISAs as I'm risk averse and to be honest probably a bit lazy (this is currently at a decent sum @ 4.5% which I know can get worse)
I've already put 10k into the 2026/2027 allowance but am now starting to wonder if I should be getting a bit more savvy. Or dump the rest into another cash ISA at 4.4% before I lose that allowance next year.
Initially looking at S&S ISA in a global fund with someone like vanguard.
However I'm wondering if I'm better off putting this into a SIPP and maybe trying to retire around 58.
I've done some reading but I'm still not sure how this works, if I put for example £1000 a month in a SIPP when does the government put the 20% contribution in? Does my SIPP just increase in size at the time of deposit?
And because I'm a higher tax payer and want to claim the additional 20% is that once a year using a similar form to self assessment? Or again does it go in every month or is it not a deposit but a tax break and my tax code changes?
For the SIPP itself again I'm assuming someone like a global find with Vanguard or InvestEngine.
Apologies as I have a feeling these are not great questions.
Cheers
I've already got a civil service pension which is very reasonable but also means if I want the maximum benefit I cannot currently take until I'm 67.
In the background I've also been saving into cash ISAs as I'm risk averse and to be honest probably a bit lazy (this is currently at a decent sum @ 4.5% which I know can get worse)
I've already put 10k into the 2026/2027 allowance but am now starting to wonder if I should be getting a bit more savvy. Or dump the rest into another cash ISA at 4.4% before I lose that allowance next year.
Initially looking at S&S ISA in a global fund with someone like vanguard.
However I'm wondering if I'm better off putting this into a SIPP and maybe trying to retire around 58.
I've done some reading but I'm still not sure how this works, if I put for example £1000 a month in a SIPP when does the government put the 20% contribution in? Does my SIPP just increase in size at the time of deposit?
And because I'm a higher tax payer and want to claim the additional 20% is that once a year using a similar form to self assessment? Or again does it go in every month or is it not a deposit but a tax break and my tax code changes?
For the SIPP itself again I'm assuming someone like a global find with Vanguard or InvestEngine.
Apologies as I have a feeling these are not great questions.
Cheers
Ned Land
Winger
I have a defined benefit government pension and also a SIPP with vanguard. Take a look on the retirement thread.
Re: your questions. Vanguard automatically add the tax rebate to your account. I can’t help with higher rate tax questions as I use salary sacrifice to stay below that band.
Same for me, hoping my SIPP will cover me at 60 until my CS alpha kicks in at 67
Ned Land
Winger
That’s my plan too but the target age keeps changing from 60 to 57 to 55!
The local government pension has less of a reduction from 60+ but the higher education sector is sh@gged we will be getting a 2% pay increase this year.
I’ve applied for voluntary redundancy (I am 54 this year) but I’d receive full pension benefits if binned at 55+.
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Fingers crossed for you, 55 would be very nice indeed.
I have a little longer to wait, I have been hammering SIPP contributions last few years to hopefully enable the 60 retirement, hard to know exactly what I need per year post retirement but guess I’ll know more closer to the time.
Batdad
Striker
1) Can you take an earlier retirement for an actuarial reduction? NHS pension is also DB (defined benefits) like the Civil Service one and they offer this.
2) As you are a higher rate tax payer then SIPP probably makes most sense for you. The investment vehicle e.g. Dodl will top up what you invest by 20% and then you can claim a further 20% back from your end of year tax calculation. I use Dodl and the funds are invested in the HSBC FTSE All-world index fund - its a bundle of shares in different companies that will largely reflect the stock market as a whole.
3) If you're likely to want the money earlier e.g. in a timeframe above 5 years but before retirement then S+S ISA is the thing to go for and invest in a low cost index tracker e.g. FWRG or ACWI which generally return about 8-11% average annualised return (beating any cash ISA). Disclaimer: past performance not indicative of future performance yadda yadda
4) If you're likely to need the money within 5 years stick with your cash ISA.
Not financial advice etc.
Always read the flowchart.
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Jesse The Body Ventura
Winger
Cheers Batdad, yes I've seen that flow chart before.
I would like to reduce my income tax but I'm well above the threshhold and salary sacrifice into alpha is probably no good to me? I think for every year I take it early I lose 5% so assume the money would be bigger if I was doing AVCs.
I would like to reduce my income tax but I'm well above the threshhold and salary sacrifice into alpha is probably no good to me? I think for every year I take it early I lose 5% so assume the money would be bigger if I was doing AVCs.
Shambo
Striker
ooh that good. I am at Step 5
aukq
Striker
you'll get at least 2.7% on a totally normal zero risk ISA with Plum and you can stick up to £12k a year in
