Two Private Pensions ?

dunstonh

That's not completely correct.

You may have as many private pensions as you wish. Contributions on all combined cannot exceed £3600 PA if you have no UK relevant earnings or 100% of your UK relevant earnings if you ARE earning.

Thats not completely correct. Contributions can exceed the £3600 or 100% of earnings upto the annual limit but you dont get tax relief on the amount above earnings/3600.

Also we were talking about pensions already in force and not contributions being made post A day.

Scoflo

Thanks for your help guys.

We have set things up to look online and al;so used the SL planner. thi shows a 50% increase is needed to get 75% of income at age 65. My OH will ring them tomorrow and check this out and set it up. I think this needs closer looking at than every 10 years or so!

Retired_I.F.A.

lol so now you've got the right advice for nothing your going to increase the contributions and thus autoatically pay commission to the guy who set them up in the first place? Someone who you said you would not go near, who has given no advice in the past ten years!

Give Dunstonh a break love and p.m. him. He'll probably do it for a fee lower than the commission.

btw I dont have a clue who Dunstonh is and i've only been reading and posting in this forum a couple of days but any IFA who writes as much as he does on this forum ought to get a fair bit of buisness pushed his way.
I believe your genuine luv but my impression of what i've read of other posts is that theres a hell of a lot of folks on here seeking professional advice that are way too tight to pay for it.

jamesd

scottishflower2000, re what Retired I.F.A. wrote, did you know that you can change the "servicing IFA" to a new IFA of your choice and that IFA would then get the commission? Depending on the amount involved you might find that a new IFA could help you with things like selecting the most suitable investments and annual rebalancing.

However you do it you're definitely right that it needs looking at more often than once every ten years. The investment selection should really be reviewed each year and a good IFA would also keep an eye out for the chance that a new plan comes out with better terms.

EdInvestor

Retired_I.F.A. wrote: »

Give Dunstonh a break love and p.m. him. He'll probably do it for a fee lower than the commission.

btw I dont have a clue who Dunstonh is and i've only been reading and posting in this forum a couple of days but any IFA who writes as much as he does on this forum ought to get a fair bit of buisness pushed his way.

Please note that touting for business on this bulletin board is not allowed and anyone who does so is likely to be banned.

jamesd

EdInvestor, Retired I.F.A. is retired and hence cannot be touting for business. Further, the suggestion was to consider an IFA who appears to be offering good service in preference to one who has demonstrated ten years of no service, a suggestion that seems likely to be in the interests of the poster concerned if they want advice.

There's nothing wrong with suggesting that posters merit business or recommending specific providers here, provided you don't have a personal interest in them and have considered whether they are appropriate for the situation.

Retired I.F.A. you may find the discussion at Suggesting vendors, services and products of interest. If I recall correctly, at the time of that discussion I reported it to the abuse address here so they could consider it. I'm not aware of any action being taken as a result.

EdInvestor

I'm sure that posters will apply their usual excellent analytical judgment to the merits of Retired IFA's recommendation of another IFA he has never met.