Who are the best pension advice lads on here these days? Looks like Shirley Shammel or whatever he was called is banned or otherwise unavailable?
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I've got his contact details (obviously I'll only give out his company details) if anyone wants to contact him. PM me.Who are the best pension advice lads on here these days? Looks like Shirley Shammel or whatever he was called is banned or otherwise unavailable?
A SIPP is a Self Invested Personal Pension. Basically you put your money in a choose what you want to invest in. Basically you’d have to be pretty confident & have a decent knowledge to want to do it yourself. Otherwise you’d pay a Financial Advosor to do it for you.
Being a Ltd Co you can take earnings in the form as dividends which has a lower tax rate after you’ve used your tax free income allowance. But again, you’d get a qualified accountant to do all this for you, keep you on the right track & use the allowances available to you to the fullest.
The House of Lords are pushing to scrap it. It's about time these unelected fossils were disbanded to save the country money.The triple lock guarentees the state pension goes up by a decent amount though
Do your company operate salary sacrifice? That gives you a little extra advantage when making AVCs as it comes off your gross salary before tax and NI.I pay the max of 6% at our place which is then matched.
I've moved it all into medium risk.
At 29, now considering adding some AVCs to it on a monthly basis but the fact those wont be matched is making me wonder if it's worth it - if the investments drop etc.
Might be worth looking at a lifetime ISA at your age?I pay the max of 6% at our place which is then matched.
I've moved it all into medium risk.
At 29, now considering adding some AVCs to it on a monthly basis but the fact those wont be matched is making me wonder if it's worth it - if the investments drop etc.
Do your company operate salary sacrifice? That gives you a little extra advantage when making AVCs as it comes off your gross salary before tax and NI.
Might be worth looking at a lifetime ISA at your age?
Are you running the draw-down yourself or do you have a FA looking after it for you?Best thing I ever did was to start a private pension.
I started it off in my late 20's - and always topped it up to the max I was allowed to each year.
And when allowed to - paid-in lump sums too.
I took early retirement and I am on "draw-down" now - and reaping what I have sown.
Everything is through the Pru marra.Are you running the draw-down yourself or do you have a FA looking after it for you?
I will be going the draw-down route eventually which fills me with dread on two fronts (1) The stress of running it myself and (2) The thought of paying someone a large chunk to run it!
Any idea what they charge you?Everything is through the Pru marra.
Not off the top of my head marra.Any idea what they charge you?
Everything is through the Pru marra.
Any idea what they charge you?
What kind of numbers you being quoted mate?It’s the Pru I’ve spoken to about mine..no commitment or anything..their fees seem to be higher than the others I’ve spoken to people about.
I can put you in touch with my financial adviser who I wholly trust.Who are the best pension advice lads on here these days? Looks like Shirley Shammel or whatever he was called is banned or otherwise unavailable?
The Pru are very popular for FAD (flexi-access drawdown). One of the reasons for the popularity is the “Prufund“ range, which are ideal for FAD.It’s the Pru I’ve spoken to about mine..no commitment or anything..their fees seem to be higher than the others I’ve spoken to people about.
I’ve been told 3% for the Pru.