Internet chaps down the pub investment opinion required

stoozie1

What do you pay into the NEST pension?

Matt002

I don't pay anything in to Nest, its only my employer that does.

bigadaj

zzr-matt wrote: »

So how would one go about say moving the pension to legal and general? Would that be doing a SIPP with someone like Hargreaves Lansdown or Interactive Investor?

I see here: http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/legal-and-general-uk-index-class-c-accumulation the L+G charge is discounted to 0.06% but then here http://www.hl.co.uk/pensions/sipp/charges-and-interest-rates/1 HL add a fund holding charge charge of 0.45%.

If I understand correctly, the same thing from interactive investor would be 0.1% AMC and a flat fee of £80 per year (0.08% on 100k / 0.04% on 200k) so a fair bit cheaper than HL.

Is there any more protection leaving things with Reassure who its currently with v moving to these other chaps?

Obviously I'm green to this so I am just trying to understand how things fit together at the moment.

Have a search for snowmans spreadsheet, you can plug your numbers in and se what might be best value.

The exact best combination depends on the sum you have, how much you will be contributing and his often, flat fee providers are cheap but you accrue trading costs.

0.5% or a bit more is a good cost to target.

bigadaj

zzr-matt wrote: »

I don't pay anything in to Nest, its only my employer that does.

That's unusual, the workplace pension normally associated with nest typically requires an employee contribution with most employers, associated with the legislation.

stoozie1

I'm glad it wasnt just me who thought that!

wjr4

My employer also pays the entire contribution for auto enrolment purposes into NEST, I also know a few other companies that do this.

Matt002

bigadaj wrote: »

That's unusual, the workplace pension normally associated with nest typically requires an employee contribution with most employers, associated with the legislation.

I beleive that the NEST stuff says that if the employer contributes more than their minimum requirement then the employee only has to make up the shortfall. So if the minimum was 1% employer towards a total minimum of 2% and my employer put in 2% I dont have to contribute anything.

Thats what I get from this page amongst others anyhow.... http://www.thepensionsregulator.gov.uk/doc-library/increases-in-minimum-contributions-automatic-enrolment.aspx#s23109

ColdIron

zzr-matt wrote: »

Obviously I'm green to this so I am just trying to understand how things fit together at the moment.

You seem to have the hang of it. Percentage fee providers become more expensive the larger the amount invested but generally don't charge for transactions. Flat fee (or no fee) providers are good for lump sums but charge for purchases so it's a balancing act dependant upon your investment style. Some have reduced fees for regular monthly investing

bigadaj wrote: »

Have a search for snowmans spreadsheet, you can plug your numbers in and se what might be best value.

Value is not only about price but have a look around these
https://forums.moneysavingexpert.com/discussion/5583030
http://monevator.com/find-the-best-online-broker/
http://www.comparefundplatforms.com/

Seany

Matt, how far above the higher rate threshold are you?

Is your pension salary sacrifice?

Matt002

Pension is salary sacifice with employeers NICs added to the contribution