Pension For My Wife

HannahandMark

Hi,

We are a couple, I'm 48 and Hannah is 30.

I would like to set up a pension fund for Hannah as I am worried about her future should I (when I) go. I have a small pension to look forward to but need to invest for my wife's future.

We can afford to invest about £500 to £600 per month so I would be grateful for any suggestions as to where we may look.

I have been searching on-line but all the sites seem to come up with ridiculously low returns for the money that we have available.

All replies will be gratefully received,

Mark

DiggerUK

Hannah & Mark,
At the moment equity based investments are not a good prospect.

Gold is not everybody's first choice for investment/saving. But it is as safe as houses in the long run.
Putting a sovereign a month away at 30 is only a small portion of your proposed amount.
In 5,000 years there are no recorded incidents of anybody having a piece of worthless gold in there hands.
http://hattongardenmetals.com/Gold_Coins/Buy_And_Sell_Gold_Coins.aspx
http://www.goldinvestments.co.uk/shop/
http://www.coininvestdirect.com/main.php?a=10&id=1
http://www.goldline.co.uk/bullionCoinsPage.page

NSI index linked would serve you well.
Then have some fun, Premium Bonds. 0% to 1 million pounds.
http://www.nsandi.com/index.jsp

Don't forget your ISA's

Good fortune.

EdInvestor

HannahandMark wrote: »

Hi,

We are a couple, I'm 48 and Hannah is 30.

I would like to set up a pension fund for Hannah as I am worried about her future should I (when I) go. I have a small pension to look forward to but need to invest for my wife's future.

We can afford to invest about £500 to £600 per month so I would be grateful for any suggestions as to where we may look.

First of all suggest you both check out your position with the 2 state pensions.Get forecasts here:
https://www.thepensionservice.gov.uk

Does your wife work?Is there a company scheme at her office?

dunstonh

I have been searching on-line but all the sites seem to come up with ridiculously low returns for the money that we have available.

Future investment returns are unknown. So, no site should be giving you any figures unless they have a crystal ball.

Pensions are just a tax wrapper. A container for your investments. Just as ISAs are and investment bonds and other wrappers. Pensions dont make or lose money. The investments you place in them do that. Potentially you can put 50,000 odd investments inside a pension.

At the moment equity based investments are not a good prospect.

Others would say its the best buying opportunity in a generation.

HannahandMark

Thank you for your reply,

There is no chance of Hannah's company contibuting and and we are looking for some safe, long term investments.

EdInvestor

HannahandMark wrote: »

.. we are looking for some safe, long term investments.

If you want safe investments, you are looking at low returns - safety is not free.If you want good returns you have to take some risk.

But when you are investing long term, this will reduce a considerable amount of the risk inherent in investments such as shares and commercial property.That is why most pensions are invested in these asset classes.