Only freedom will do

edinburgher

Thanks SL, I'm a current CSD customer, but they're very expensive when it comes to transfers out. So while they may be a good home for my pot now (would comfortably pass the £30k total assets test), the costs of a transfer out later down the line would be prohibitive. My current SIPP provider (Best Invest) are similar.

£1.xx OPed.

On a completely different note, I have joined SSS in the Premium Bonds club. I am using them to save for a holiday of a lifetime to Japan and wanted somewhere with at least the FSCS protections that would make it difficult for me to withdraw money...

hign10pines

I use Hargreaves Lansdown for both my SIPP and LISA, not that I invest much at present though

Calfuray

edinburgher wrote: »

Thanks SL, I'm a current CSD customer, but they're very expensive when it comes to transfers out. So while they may be a good home for my pot now (would comfortably pass the £30k total assets test), the costs of a transfer out later down the line would be prohibitive. My current SIPP provider (Best Invest) are similar.

£1.xx OPed.

On a completely different note, I have joined SSS in the Premium Bonds club. I am using them to save for a holiday of a lifetime to Japan and wanted somewhere with at least the FSCS protections that would make it difficult for me to withdraw money...

I can confirm this would be a holiday of a lifetime. Feel free to PM me if you want any advice in the planning stages.

Also, hi :wave:

edinburgher

Welcome back Cal (and thanks for the offer of travel tips)

AlexLK

Congratulations on the new job, Ed.

Are you still working towards the IFA qualifications too?

edinburgher

AlexLK wrote: »

Congratulations on the new job, Ed.

Are you still working towards the IFA qualifications too?

No Alex, I do not have time to study for a full set of qualifications as well as working f-t and being a dad

Without meaning to sound defeatist, the career average pension provided by the new job will be plenty to meet our expectations in retirement, so no need to earn megabucks!

£1.31 OPed, saving a princely £2.05 in interest

edinburgher

£1.20 Oped and £10 made from referring a fellow forumite to RateSetter :j

Getting myself in a bit of a tizzy trying to wrap up awkward loose odds and ends at my current job - I think I need to remember that the world will not be ending just because I'm leaving the company

Calfuray

edinburgher wrote: »

£1.20 Oped and £10 made from referring a fellow forumite to RateSetter :j

Getting myself in a bit of a tizzy trying to wrap up awkward loose odds and ends at my current job - I think I need to remember that the world will not be ending just because I'm leaving the company

Definitely not, although I'm sure you'll be missed. Congrats on the new job, once I've done a bit more cleaning/painting/tidying I'm going to have to catch up on your diary and see what I've missed!

katep23

edinburgher wrote: »

I have considered transferring in either/both my DC pension and my SIPP, as from memory (the reason my original preserved DB pension is worth a few grand a year), the rates offered were very good. But at that point, the concept of FI was unheard of and my horizon has shifted.

I'm sure you know this but you have a year from joining your new organisation to transfer in to the LGPS - and as I have recently discovered you only need to have started the process (advised your LGPS that you wish to do so and have requested transfer in quotes) rather than have got transfer out and transfer in costs so it is somewhat longer than a year.

Interestingly (or not) my DC pension which I paid into for 4.5 months in an ill-fated job got me a transfer out quote within 4 weeks whereas my DB (NHS) pension I paid into for 9 months took almost 4 months to produce the same...

edinburgher

Unfortunately I've been told they only accept transfers in from other public sector schemes, which is a bit pants. That said, I'm going to have to use LGPS/SIPP/ISA ladder to allow me to retire before 58 in any case