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    • Roland Flagg
    • By Roland Flagg 11th Jul 17, 12:16 PM
    • 1,165Posts
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    Roland Flagg
    Pensions for Non-Taxpayers.
    • #1
    • 11th Jul 17, 12:16 PM
    Pensions for Non-Taxpayers. 11th Jul 17 at 12:16 PM
    I'm 48, and will probably not work again.
    Is it worth still opening a private pension?
    I've heard that some still offer 20% tax relief for non-payers.
    If that is the case, can someone recommend a pension plan/company?
Page 1
    • atush
    • By atush 11th Jul 17, 12:50 PM
    • 16,333 Posts
    • 10,081 Thanks
    atush
    • #2
    • 11th Jul 17, 12:50 PM
    • #2
    • 11th Jul 17, 12:50 PM
    There are too many to recommend one, but you c an look at Cavendish online to look at a few.

    What will you invest in? I would suggest a multi asset fund (read the Vanguard thread) or a global tracker as you want diversification.

    You can put in 2880 per year, which get grossed up to 3600 by tax relief.
    • xylophone
    • By xylophone 11th Jul 17, 3:26 PM
    • 23,423 Posts
    • 13,617 Thanks
    xylophone
    • #3
    • 11th Jul 17, 3:26 PM
    • #3
    • 11th Jul 17, 3:26 PM
    It would seem that you do not have "relevant earnings"

    http://www.pruadviser.co.uk/content/knowledge/technical-centre/tax_relief_members_contributions/

    so would be limited to a net £2880 contribution in the tax year - the provider would claim £720 tax relief.

    https://www.cavendishonline.co.uk/pensions/stakeholder-and-personal-pensions/

    You might look at a SIPP.

    http://forums.moneysavingexpert.com/showthread.php?p=72811857#post72811857
    • kidmugsy
    • By kidmugsy 11th Jul 17, 10:12 PM
    • 9,841 Posts
    • 6,636 Thanks
    kidmugsy
    • #4
    • 11th Jul 17, 10:12 PM
    • #4
    • 11th Jul 17, 10:12 PM
    For our small SIPPs we find Hargreaves Lansdown very good. They are a bit pricey for large ones or for small ISAs.
    • Roland Flagg
    • By Roland Flagg 26th Jul 17, 11:55 AM
    • 1,165 Posts
    • 420 Thanks
    Roland Flagg
    • #5
    • 26th Jul 17, 11:55 AM
    • #5
    • 26th Jul 17, 11:55 AM
    Thanks for the advice.

    I was going to open a H&L Vantage SIPP and fund with £2,880 for the £720 tax relief, but it gives me a huge amount of funds/companies/sectors to invest in.
    I would like a broad spectrum of relatively safe funds. Can someone recommend any to me? I was going to stick to Vanguard, but any recommendation will do.

    Thanks
    • Roland Flagg
    • By Roland Flagg 27th Jul 17, 3:27 PM
    • 1,165 Posts
    • 420 Thanks
    Roland Flagg
    • #6
    • 27th Jul 17, 3:27 PM
    • #6
    • 27th Jul 17, 3:27 PM
    No suggestions on any funds that H-L have to put in a SIPP?
    • xylophone
    • By xylophone 27th Jul 17, 7:02 PM
    • 23,423 Posts
    • 13,617 Thanks
    xylophone
    • #7
    • 27th Jul 17, 7:02 PM
    • #7
    • 27th Jul 17, 7:02 PM
    http://monevator.com/passive-fund-of-funds-the-rivals/
    might be worth a look.
    • Roland Flagg
    • By Roland Flagg 29th Jul 17, 10:36 AM
    • 1,165 Posts
    • 420 Thanks
    Roland Flagg
    • #8
    • 29th Jul 17, 10:36 AM
    • #8
    • 29th Jul 17, 10:36 AM
    Thanks. That seems very useful.
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