We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
We're aware that some users are currently experiencing errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
What's a good pension for sole trader?
Comments
-
Is the pension I linked a SIPP? I thought it was stakeholder.
I'm so confused. I just want something simple, doesn't have to be the best.
Maybe I should take a mini retirement now and spend the money. At least then I wouldn't have to worry about it.0 -
confusedfreelancer wrote: »Maybe I should take a mini retirement now and spend the money. At least then I wouldn't have to worry about it.
...and your older self wll slap you around the face with a wet fish if you did..
Seriously, a simple low-cost pension with one fund, something like Vanguard LS60 (as is oft-recommended on these boards), will do you far better.........Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
0 -
So vanguard do offer a pension? People keep saying it hasn't launched yet.0
-
Have a look at an Aviva pension - its technically a SIPP but they offer a simple set of investment options0
-
confusedfreelancer wrote: »So vanguard do offer a pension? People keep saying it hasn't launched yet.
No they don't yet.
There are 2 aspects to consider:
1) The pension provider you want to use like Aviva or Cavendish or AJ Bell.
2) The investments you buy within the pension that the provider manages for you like Vanguard VLS 60 or thousands of other funds.
Think of (1) like the supermarket you buy from and (2) like the product(s) you put in your basket and buy from them.
Heinz baked beans can be purchased from many supermarkets and VLS60 can be purchased from many pension providers
We have a Funds Network pension from Cavendish, chose muti-asset fund (was VLS at the time) and set up a DD. Easy and simple.
As we have got closer to retirement and I have learnt more about investing from here and other sites we have added some complimentary funds and started to reduce our exposure to equities but you are a long way from having to think about that.0 -
confusedfreelancer wrote: »So vanguard do offer a pension? People keep saying it hasn't launched yet.
Do you intend to follow the church of vanguard or are you more open minded?
There are plenty of pension providers.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
So I tried opening an AJ Bell SIPP but I didn't understand the questions they asked in the sign-up process so I gave up.
I'm currently looking at Nutmeg which seems more comprehensible. Is this a good option? I like the idea of going for their socially responsible fund.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards