September 30, 20196 yr 2 minutes ago, boltondiver said: Yes, as they are assets. Pop assets into a trust as early as possible to mitigate (if possible) Also, investment bonds, offered by insurance companies, are not taken into account. Including assets with mortgages on them? And what if they are in joint names? Edited September 30, 20196 yr by Smiley
September 30, 20196 yr Just now, Smiley said: Including assets with mortgages on them? And what if I’m joint names? The net value will come into the equation Joint names with who? Detailed questions? Seek legal advice. That said how near are you or the other joint name/s to needing care?
September 30, 20196 yr 1 minute ago, radcliffewhite1 said: Yes mate That's the starting point; you should have already been included in a workplace pension. (If not, your employers may have broken the law), so you are at 8% going in alread. Build on that for starters (see my longer post earlier)
September 30, 20196 yr 2 minutes ago, boltondiver said: The net value will come into the equation Joint names with who? Detailed questions? Seek legal advice. That said how near are you or the other joint name/s to needing care? Smiley's a fucking site closer than Mrs Smiley. I reckon she's half his age! 🤣
September 30, 20196 yr Just now, boltondiver said: That's the starting point; you should have already been included in a workplace pension. (If not, your employers may have broken the law), so you are at 8% going in alread. Build on that for starters (see my longer post earlier) Yes sorry pay into a workplace pension just not a big amount, I’m I best carrying on with that and upping it or is there better private ones about
September 30, 20196 yr 1 minute ago, radcliffewhite1 said: Yes sorry pay into a workplace pension just not a big amount, I’m I best carrying on with that and upping it or is there better private ones about Who is it with? (which pension company)
September 30, 20196 yr 13 minutes ago, boltondiver said: The net value will come into the equation Joint names with who? Detailed questions? Seek legal advice. That said how near are you or the other joint name/s to needing care? Wife and also another with business partner. All in our late 40s.
September 30, 20196 yr 3 minutes ago, boltondiver said: Who is it with? (which pension company) With Capita We have a house we rent out which is going on the market next year so looking for options on investments too
September 30, 20196 yr 10 minutes ago, MickyD said: Smiley's a fucking site closer than Mrs Smiley. I reckon she's half his age! 🤣 I wish. She's only 6 months younger than me. (PS. We sat watching YouTube videos of the Barbershop on Friday night into the early hours! - some classic MickyD moments on there - back when you looked young and energetic!).
September 30, 20196 yr 1 minute ago, radcliffewhite1 said: With Capita We have a house we rent out which is going on the market next year so looking for options on investments too I don’t know what Capita offer; scan it over if you like and I’m happy to help. It is highly likely that you can develop that rather than having to set up another.
September 30, 20196 yr 1 minute ago, boltondiver said: I don’t know what Capita offer; scan it over if you like and I’m happy to help. It is highly likely that you can develop that rather than having to set up another. Cheers mate il dig it out and message you👍
September 30, 20196 yr 2 minutes ago, Smiley said: I wish. She's only 6 months younger than me. (PS. We sat watching YouTube videos of the Barbershop on Friday night into the early hours! - some classic MickyD moments on there - back when you looked young and energetic!). Here you go, John features a bit in this one.
October 1, 20196 yr 12 hours ago, Spider said: Oi BD Am I on commission for starting this thread?? 😁😁😁 Free advice innit. 😂
October 1, 20196 yr I had a final salary scheme with 21 years contributions up to 2003. Since the the company scheme has been a DC scheme which has been building since then. After hitting 55 last year I crystallised the final salary scheme earlier this year. A final salary scheme is fine but the older you get the more it increases. The problem with that is the linger you go into old age the less you need it. So I Pulled out a lump sum paid my debts down and had a sum left over to spend on the house, pay for a couple of high end holidays, and most importantly to me, helped my daughter and her partner towards a deposit on their first home. Reinvested the balance and it went up 9k in the first month. Pure fluke due to timing but it. 2019 has been a good year entirely due to joining a company pension when I was 20.
October 1, 20196 yr 6 minutes ago, Gonk said: I had a final salary scheme with 21 years contributions up to 2003. Since the the company scheme has been a DC scheme which has been building since then. After hitting 55 last year I crystallised the final salary scheme earlier this year. A final salary scheme is fine but the older you get the more it increases. The problem with that is the linger you go into old age the less you need it. So I Pulled out a lump sum paid my debts down and had a sum left over to spend on the house, pay for a couple of high end holidays, and most importantly to me, helped my daughter and her partner towards a deposit on their first home. Reinvested the balance and it went up 9k in the first month. Pure fluke due to timing but it. 2019 has been a good year entirely due to joining a company pension when I was 20. Brilliant news, sometimes it works that way so fair play to you
December 16, 20196 yr I rang Aviva but gave up after being on hold for 10 minutes. So I’m wondering, when I was a yoof i had a couple of jobs just to get us by whilst I was at college and uni, but did enough hours to have them pay into a pension. Now I’ve been working full time for 7 years at the same place and been getting a pension with Scottish widows Can what I paid into my first one be chucked into my current one or does it not work like that?
December 16, 20196 yr 2 minutes ago, Rudy’s Message said: I rang Aviva but gave up after being on hold for 10 minutes. So I’m wondering, when I was a yoof i had a couple of jobs just to get us by whilst I was at college and uni, but did enough hours to have them pay into a pension. Now I’ve been working full time for 7 years at the same place and been getting a pension with Scottish widows Can what I paid into my first one be chucked into my current one or does it not work like that? Not necessarily the best thing to do. Drop Boltondiver a pm.
December 16, 20196 yr 1 hour ago, Rudy’s Message said: I rang Aviva but gave up after being on hold for 10 minutes. So I’m wondering, when I was a yoof i had a couple of jobs just to get us by whilst I was at college and uni, but did enough hours to have them pay into a pension. Now I’ve been working full time for 7 years at the same place and been getting a pension with Scottish widows Can what I paid into my first one be chucked into my current one or does it not work like that? It can, if it’s the right thing to do very happy to point you in the right direction
December 16, 20196 yr 1 hour ago, Tonge moor green jacket said: Not necessarily the best thing to do. Drop Boltondiver a pm. 19 minutes ago, boltondiver said: It can, if it’s the right thing to do very happy to point you in the right direction Will do
January 23, 20206 yr What’s the going rate for IFA advice on potentially transferring 2 x DB pensions to a DC pension ? I’ve been quoted 1% p.a of the pot for the advice and ongoing consultancy/management fees, seems excessive at potentially £13.50 a day on current valuations. Has anyone done similar, and if so what was the cost ?
January 23, 20206 yr Just now, Campos_Wig said: What’s the going rate for IFA advice on potentially transferring 2 x DB pensions to a DC pension ? I’ve been quoted 1% p.a of the pot for the advice and ongoing consultancy/management fees, seems excessive at potentially £13.50 a day on current valuations. Has anyone done similar, and if so what was the cost ? Message boltondiver he’s your man 👍🏼
January 23, 20206 yr Managed to get a full OAP plus my Miners Pension, about time, I can splash it about now when it's too late to enjoy it.
January 24, 20206 yr 6 hours ago, Campos_Wig said: What’s the going rate for IFA advice on potentially transferring 2 x DB pensions to a DC pension ? I’ve been quoted 1% p.a of the pot for the advice and ongoing consultancy/management fees, seems excessive at potentially £13.50 a day on current valuations. Has anyone done similar, and if so what was the cost ? 1% per annum isn’t untoward. Do you need ongoing advice? You can opt out, either now or later. What is the upfront charge?
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