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Plans to retire at 60

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Comments

  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    swindiff wrote: »
    We have thought about taking out a SIPP for my wife as even if she takes her pension reduced at 60 she will be well below the personal tax allowance threshold so would be useful to take better advantage of that. Problem is knowing where to start, would want something that we could just set up a direct debit each month and forget about, so something with a well diversified portfolio of equities that did not have large fees?

    A smple online opened sipp or PP using a passive mulit asset fund or global traker would do.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    swindiff wrote: »
    It does also give me a COPE estimate of £50.50 a week which I guess is what I would have got on top of the £164.35 if I had not contracted out.


    Under the old pension system yes. The new one not. I would have been the 50+ over the basic SP of around 120.
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