8 minutes ago, Salford Trotter said:

nice one mate👍

Fuck me pink.

Left and right unite.....will you two puffs resort again with the usual insults please ?

Nice work on the pensions guys 👍

I do salary sacrifice at work, although I’m not clued up on exactly how it works TBH. Seems to be helpful in terms of reducing the loss of personal allowance, but I suspect I could be doing more to be tax efficient.

Seem to be plenty who are clued up on here - maybe I do need to drop BD a PM!

Fuck mop, I am fucked compared to you guys on here.

You lot will end up with a pension better than UK average earnings and fuck all to spend it on other than piss stinking cruises.

Not jealous of course

3 minutes ago, Winchester White said:

Fuck mop, I am fucked compared to you guys on here.

You lot will end up with a pension better than UK average earnings and fuck all to spend it on other than piss stinking cruises.

Not jealous of course

No mate....they're just old racist cunts compared to a spring chicken  like you 😂

For those who can't get trust net at work I use morningstar, you get a daily email of your different funds performance. 

My main fund is up 25% last year. The default fund people are put into is only up 6%

8 minutes ago, stevieb said:

For those who can't get trust net at work I use morningstar, you get a daily email of your different funds performance. 

My main fund is up 25% last year. The default fund people are put into is only up 6%

Ace

Beware of defaults, folks!

54 minutes ago, miamiwhite said:

No mate....they're just old racist cunts compared to a spring chicken  like you 😂

Nah, you're not racist at all, just fucking richer than us plebs. 😁

9 minutes ago, boltondiver said:

Ace

Beware of defaults, folks!

I must be in a default fund. 😳

5 minutes ago, Winchester White said:

Nah, you're not racist at all, just fucking richer than us plebs. 😁

I'm far from rich mate, but have youth on my side compared to some on here 😂😂💣

2 hours ago, boltondiver said:

Ace

Beware of defaults, folks!

For those not ITK in terms of investment strategy etc., are IFAs the best route to finding a better performing pension fund?

12 minutes ago, Jol_BWFC said:

For those not ITK in terms of investment strategy etc., are IFAs the best route to finding a better performing pension fund?

Getting sound advice is certainly worth it coupled with do your own research into what suits your personal circumstances. 

2 hours ago, miamiwhite said:

I'm far from rich mate, but have youth on my side compared to some on here 😂😂💣

😨

11 hours ago, MickyD said:

Wife turns 55 in May and is therefore allowed to draw on a pension she paid into while at Littlewoods. She joined the scheme and was made redundant about 18 months later. 
It's only worth a tad over £4k because of the short length it was active.

She can either:

Draw a pension of £97.82 pa @ £8.16/month

Take a maximum lump sum of £508 and a pension of £76.44 @ £6.37/month

Take it all - £4072.06 - 25% tax free and 75% taxed @ 20% losing her £610.80 leaving us her with around £3.5k

Where shall we go for a holiday? 

 

 

 

11 hours ago, MickyD said:

Sorry, I meant, What do you think we she should do?

 

11 hours ago, Sweep said:

She should ask you where you want to go on holiday 😁

She should ask me where I can send you for £3.5k

13 hours ago, Salford Trotter said:

Getting sound advice is certainly worth it coupled with do your own research into what suits your personal circumstances. 

Cheers for that. 

In terms of personal circs, I know the basics, ie what I can afford to contribute from salary sacrifice and that I’m young enough that I should really put it in a higher risk fund. It’s beyond that which is the gap in my knowledge.

There’ll be hundreds of higher risk funds I could have it invested in, but how the hell does one (ie me, an IFA etc.) choose one from the list...?

Edited January 25, 20206 yr by Jol_BWFC

Just now, Jol_BWFC said:

Cheers for that. 
In terms of personal circs, I know the basics, ie what I can afford to contribute from salary sacrifice and that I’m young enough that I should really put it in a higher risk fund. It’s beyond that which is the gap in my knowledge.

There’ll be hundreds of higher risk funds I could have it invested in, but how the hell does one (ie me, an IFA etc.) choose one from the list...?

Who is your pension with?

Then there will be a list of available funds (probably)

Then see if there is an attitude to risk questionnaire

Read through the funds to see which might match 

But, a decent option is an index fund, or mix of index funds, which are cheap.

Does your company have an IFA on hand to help?

Just now, boltondiver said:

Who is your pension with?

Then there will be a list of available funds (probably)

Then see if there is an attitude to risk questionnaire

Read through the funds to see which might match 

But, a decent option is an index fund, or mix of index funds, which are cheap.

Does your company have an IFA on hand to help?

Thanks for that.

It’s with Scottish Windows. I will dig around and see if there is a questionnaire, as that could be helpful. SW have a long list of funds to choose from.
 

They have a standard “adventurous” fund (pension portfolio 1) which is a mix of other funds. It’s the cheaper option, being a passive investment approach.

We have a recommended IFA, but he wasn’t much help on pensions specifically. He gave more general financial advice on the wider spectrum eg saving options, mortgages, ISAs, bonds etc. 
 

I would just add a note of caution. Last few moths funds have grown but you do need a spread on the risk. 
 

deifintely get advice from a pension adviser. You may hear stories about people making a fortune from looking after their own and taking high risk. I would refer you to the crypto currency thread. Where are all the millionaires ?? 

8 minutes ago, Ani said:

I would just add a note of caution. Last few moths funds have grown but you do need a spread on the risk. 
 

deifintely get advice from a pension adviser. You may hear stories about people making a fortune from looking after their own and taking high risk. I would refer you to the crypto currency thread. Where are all the millionaires ?? 

100% correct, wish I’d of got into properties when I was younger, loads of folk got involved with buy to let and made a fortune, my advice would be chuck money in pension fund but also if any spare income get into buy to let, as long as you cover the mortgage you’ll get the growth in property value over the term of the mortgage. 

Edited January 25, 20206 yr by Mounts Kipper

25 minutes ago, Mounts Kipper said:

100% correct, wish I’d of got into properties when I was younger, loads of folk got involved with buy to let and made a fortune, my advice would be chuck money in pension fund but also if any spare income get into buy to let, as long as you cover the mortgage you’ll get the growth in property value over the term of the mortgage. 

I took that route 7 years ago thankfully

On 24/01/2020 at 09:52, Ani said:

Am with SJP my pot grew by about 14% last year after fees removed. 
The adviser is a mate and he refunded my all costs of moving plus a bit more. 
 

Am 54 and seriously thinking of retiring in August when hit 55. 

fucking hell you've had a hard life,thought you were ready for the state pension.😁

A pal of mine retires from National Grid (Originally British Gas) next year aged 55 with a pot just shy of £750k after 37 years in the job.

Mmmm nice.

Boltondiver clear your inbox 

Soz

should be some space now

 

6 hours ago, Ani said:

I would just add a note of caution. Last few moths funds have grown but you do need a spread on the risk. 
 

deifintely get advice from a pension adviser. You may hear stories about people making a fortune from looking after their own and taking high risk. I would refer you to the crypto currency thread. Where are all the millionaires ?? 

Depends on your risk appetite and how close to retiring you are. 

I'm in 3 funds with l&g. I've got access to about 5 in my pension it's wank... 

45% in ethical shares - big tech are their main holdings (apple and Google) somehow in this as is proctor and gamble.

40% in shares which is oil companies shell etc. 

15% in mixed that everyone in our pension scheme defaults into. Mix of equities and cash holdings.

I've 30 years before retiring, I'm taking risks...If I was 5 years from retiring I'd be more in the cash funds. 

Seriously, how much are some of you lot looking at receiving a year in your old age? I'd be happy to be mortgage free and enough to live without money worries.