Tax Exempt Savings Plans [TESPs]

planteria

jamesd wrote: »

SIPPs.......They can also be used for pension contributions while retired to get the tax relief from the 25% tax free lump sum.

i know we are off topic here, but do you mean that someone can take their 25% lump sum then push it back into a pension:question:

planteria

patientperson wrote: »

I am pleased to say that paptientperson is the one and only BB name that I use and till now no-one has also taken it.:j

yes, me too. again, as i have said before, nothing hidden. did you actually come here to 'support' me re. TESPs patient?....a coincidence, i assume, but from my use of the same username everywhere, pp will have recognised me. no problem there.

planteria

patientperson wrote: »

it is primarily the potential new customer who must look at all the data provided and decide whether the product is suitable for them. Or see a reputable IFA for their opinion.

spot on, of course.

innovate

planteria wrote: »

spot on, of course.

You would actually take money (referral money) knowing that you do not even know whether your referral is the to benefit of the referred person?

If so, that is just disgusting.

Vital_Spark

I steer well clear of "Intorducers" as I want a decent savings plan not to provide a large commission fee for anyone else. I have just cashed a 15 year plan and it has provided next to nothing. I'd have been better with a bank savings account.

To my mind, any "Introducer" coming on to a site like this, which attracts people like me who don't have much money to save nor much knowledge or understanding of financial matters, has just shown their lack of integrity in looking for said commission. I find this an aversion rather than an attraction.

Just poking my stick in to stir further and let you, Planteria, know that your posting of this comes across as dishonest and unethical..

planteria

are there any other investments that can be accessed for such small monthly contributions? i am using Regular Savers (Cash), TESPs and i have a DD to a Credit Union. can unwrapped Unit Trusts/Investment Trusts be accessed for such low sums in any way?

planteria

patientperson wrote: »

Friendly Societies Year Book was a good starting point for me but as with all windfalls it was speculative.

thank you pp. have you just had the one windfall from a Friendly Society?

jimjames

planteria wrote: »

are there any other investments that can be accessed for such small monthly contributions? i am using Regular Savers (Cash), TESPs and i have a DD to a Credit Union. can unwrapped Unit Trusts/Investment Trusts be accessed for such low sums in any way?

Yes they can

innovate wrote: »

Most people know by now that they should be weary of banks and insurances but many people probably would part with a bit of money if they get a recommendation by a member of the public.

Or more likely a friend. Seems like a fast way to ruin a friendship

Vital_Spark wrote: »

To my mind, any "Introducer" coming on to a site like this, which attracts people like me who don't have much money to save nor much knowledge or understanding of financial matters, has just shown their lack of integrity in looking for said commission. I find this an aversion rather than an attraction.
.

Thanks for that. Your comment also backs up my previous suggestion that these plans were aimed at those with small amounts to save rather than the idea floated by planteria that they were for people who had already maxed out their ISA.
Out of interest have you ever used a S&S or cash ISA? Or did you only use the Tax Exempt savings plan?

planteria

tell me more jimjames

planteria

Vital_Spark wrote: »

I steer well clear of "Intorducers" as I want a decent savings plan not to provide a large commission fee for anyone else. I have just cashed a 15 year plan and it has provided next to nothing. I'd have been better with a bank savings account.

To my mind, any "Introducer" coming on to a site like this, which attracts people like me who don't have much money to save nor much knowledge or understanding of financial matters, has just shown their lack of integrity in looking for said commission. I find this an aversion rather than an attraction.

Just poking my stick in to stir further and let you, Planteria, know that your posting of this comes across as dishonest and unethical..

i was already on the site...just started contributing more lately. the post where i offered to refer people was removed, and i didn't mention it again....that is clear. nothing dishonest or unethical about me, or anything i am doing.

anyway, what was the 15 year plan, Vital Spark? a TESP?