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  • FIRST POST
    • re14796
    • By re14796 13th Oct 16, 7:06 PM
    • 46Posts
    • 6Thanks
    re14796
    Private pension
    • #1
    • 13th Oct 16, 7:06 PM
    Private pension 13th Oct 16 at 7:06 PM
    Do you have a private pension? I been thinking about putting a hundred pounds a month is too little? I am nearly 30 years old. Which provider should I use?
Page 1
    • dunstonh
    • By dunstonh 13th Oct 16, 7:27 PM
    • 87,716 Posts
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    dunstonh
    • #2
    • 13th Oct 16, 7:27 PM
    • #2
    • 13th Oct 16, 7:27 PM
    I been thinking about putting a hundred pounds a month is too little?
    Its a good start for a 20 year old starting out.

    I am nearly 30 years old.
    Ok, so you have a bit of catching up to do and maybe 100 is on the low side.
    Are you employed? if so, what pension does the employer offer?
    How much do you earn?

    Which provider should I use?
    That would be a regulated activity but even if it wasnt, there is nowhere near enough information to go on to filter through providers and pension types to say which is best for you. Answering the above questions will start some filtering.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • atush
    • By atush 14th Oct 16, 5:14 PM
    • 15,821 Posts
    • 9,591 Thanks
    atush
    • #3
    • 14th Oct 16, 5:14 PM
    • #3
    • 14th Oct 16, 5:14 PM
    Does your employer have a pension? have you joined it? What is your gen salary amount?

    a 30 yr old starting a first pension should consider putting in 15% of their salary (but this can include the tax relief, which is 2 quid for every 8 put in). It can include the employers contribution too.

    Where to put the money, and what to invest in, will depend on loads of things esp the ones we asked.
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