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pension contribution - what to do?
m13
Posts: 25 Forumite
i don't have a uk-based pension set up as yet but my company has offered to give me a personal pension contribution for this year (i started to work for them early this year) - but this can only be paid into an inland revenue approved pension fund - by 11dec! to complicate matters further i will be getting a transfer within my company to another european country so i won't be paying any further into the pension fund which i'll aim to open up.
obviously i need to set up sth asap so i don't loose out on the money, but i guess it needs to be a single contribution. is this possible or do i need to continue to pay into a pension fund even if i don't stay in the uk?
ps i've got other non-UK based pension arrangements already
obviously i need to set up sth asap so i don't loose out on the money, but i guess it needs to be a single contribution. is this possible or do i need to continue to pay into a pension fund even if i don't stay in the uk?
ps i've got other non-UK based pension arrangements already
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Comments
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obviously i need to set up sth asap so i don't loose out on the money, but i guess it needs to be a single contribution. is this possible
Yes. No problem there.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
thanks! as i've only got 3 weeks left should i see an ifa or open up a pensions via cavendish online for example? would stakeholder or private pension be better if i only want to invest this lump sum? sorry, only started to read up on this since last week once i got the offer from my company and i need to learn a lot...fast... :~)0
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If you need a quick and easy solution, go for a Stakeholder as you then get a penalty-free transfer if you want to move it to another plan. Might pay to do this to give you time to research a more suitable plan - if, indeed, the Stakeholder is unsuitable
Warning ..... I'm a peri-menopausal axe-wielding maniac
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