23 and wanting to start a pension

atush

Originally Posted by CurryCee View Post
........I guess so long as the money's being saved and not spent that's half the battle.

I agree with the above, it is More than half the battle.

jamesd

atush wrote: »

Mainly because if you want to put a S&S isa into a pension later you will have to sell and crystalize a loss.

Which is irrelevant when the next thing you do is buy the same investments at almost exactly the same price inside a pension. What the ISA selling might lose if prices fell is matched by the reduced buying price inside the pension.

atush wrote: »

And you lose compounded investment returns on the tax rel portion.

True after allowing for the tax free lump sum giving those gains but insignificant compared to potentially losing say 10% extra income tax relief on the pension contributions that could be obtained by being patient. But a few months or a year or so isn't going to produce a significant gain from this compounding, a small fraction of one percent maybe, if that.

atush wrote: »

Give the size of contribs here, and the fact the pension is not yet going, very little will be invested before the election.

£25 a month of possible gain per month between now and whenever the possible new rules are in place, if they happen at all. Given timescales for legislation it's likely to be a gain of £250 or so by being patient for a few months if it happens, and no significant loss if it doesn't happen.

Purplesky_2

Hi. I keep thinking about this post. Have you made any progress?