My point is that it would seem to be a waste of a perfectly good pension wrapper ( ISA or pension ) to put into it investments which would be free of further tax anyway.
I see Standard Life has now launched a Group SIPP for company schemes.It will include all bells and whistles, but you can a simple stakeholder pension lookalike if you want at first and move on to the more sophisticated aspects later on.
This figure also assumes her money is invested well - Yearsley suggests that Katie joins her company pension scheme, or opens a self-invested personal pension (Sipp).
Bowes says that, despite Katie's cautious attitude, her pension contributions should have at least some exposure to the stock market, as over the longer term this is the asset class that is likely to produce the highest returns.
From my discussions with a number of providers, it seems that the ability to switch between stakeholder, personal pension and SIPP at no cost is going to be a common approach.
How many existing pensions are a mixture of PR and non-PR money?
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