Dipping a toe in the water . . .

gadgetmind

Who ever would have thought that you could make money from worm drowners!

atush

I agree it may not be relevant (although there is a difference in LE from type 1 and 2 as you can recover from type 2 due to lifestyle changes or at least go on tablets not injections) as there are new discoveries all the time and I feel it may be 'cured' in our lifetime. And you no longer have to buy an annuity.

No one said to put 100% of long term savings into pensions.

My point is (esp self employed and your business could fail leaving you owning money) that money in a pension is safe- not just from you spending it before 55, but others getting their hands on it as well (ie creditors).

It always is wise to split your assets into not only different classes, but different places/tax wrappers.

MadMat

atush wrote: »

No one said to put 100% of long term savings into pensions.

My point is (esp self employed and your business could fail leaving you owning money) that money in a pension is safe- not just from you spending it before 55, but others getting their hands on it as well (ie creditors).

It always is wise to split your assets into not only different classes, but different places/tax wrappers.

A pension will be part of the long term plan, my original question in the thread was regarding a first taste of managing my own investments rather than having my employer do it all for me as happened with the previous pension!

I'd rather learn and make my beginners mistakes with a 50/month commitment to an ISA than a £200/month commitment to a SIPP

Mat

MadMat

gadgetmind wrote: »

Who ever would have thought that you could make money from worm drowners!

Someone makes a small fortune out of me every time I go fishing !!

Mat

atush

MadMat wrote: »

A pension will be part of the long term plan, my original question in the thread was regarding a first taste of managing my own investments rather than having my employer do it all for me as happened with the previous pension!

I'd rather learn and make my beginners mistakes with a 50/month commitment to an ISA than a £200/month commitment to a SIPP

Mat

Most employer pensions have the facility for you to choose the investments within (if they are money purchase).

Nothing to stop you putting 200 a month into that ISA while you're learning, or even 50 a month into a Sipp

MadMat

atush wrote: »

Most employer pensions have the facility for you to choose the investments within (if they are money purchase).

It is/was a high street banks final salary scheme. Current transfer out value is £67k but I think it's safer to leave it there and know I have a good chunk of my retirement income already sorted and locked in.

Mat

MadMat

Tried to open an Regular Investing ISA account with TD yesterday, and so far have had no response, not even a confirmation email that the application was received. Is this normal ??

Mat

atush

MadMat wrote: »

It is/was a high street banks final salary scheme. Current transfer out value is £67k but I think it's safer to leave it there and know I have a good chunk of my retirement income already sorted and locked in.

Mat

I didn't know any high street banks still had one lol. Good on you, and yes I expect you should leave it there.

MadMat

atush wrote: »

I didn't know any high street banks still had one lol. Good on you, and yes I expect you should leave it there.

I don't think any of them do any more, it was however my first job out of school, I worked there from 1987 to 1998 and it seems still have quite a lot of protected benefits from that time!!

Mat

MadMat

Just called TD to see how my account was coming on as I hadn't heard anything back from them, to be told my application for a S&S ISA has been declined ??

They also refused to tell me why - Can anyone give me any clues ???

Mat