Going to sort my pension today - any help?

EdInvestor

OK fine, then to reiterate

Leave the ELAS pension where it is
Leave the SL pension where it is and divert new money to max out your stocks and shares ISA.

Suggest you look at transferring your funds ISA account to Selftrade, which will be cheaper than Fidelity. Hargreaves Lansdown would also be a good choice.

MiM

Thanks again Ed. Am looking a HG - wish I was brave enough to get a SIPP!

My Fidelity ISA is through Cavendish Online so I get some commission back each year. Love MSE, me!

MiM

I've had a surprise change in circumstances and am being offered a 3% to 5% matched contributory pension via a salary sacrifice.

I presume I'd be wide to take this at the higher rate (5%) if I can aoford to and stop paying contributions to Standard Life?

Thanks

dunstonh

Always take the employer's money and go for the maximum matched that you can.

MiM

Thought so, many thanks.

I can choose from portfolio's according to my attitude to risk or select funds myself. Think I'll just select a portfolio and be done with it.

richardpi_2

Thanks guys. I'm in a broadly similar situation but, being self-employed, I wondered whether the potential for bankrupcy at some point in the future would have an influence? If one were to go bankrupt, would one retain pensions but lose ISAs?

I hasten to add that I'm not in a bankrupcy situation nor is it likely, but I've always wondered what the situation was.

Thanks, Richard