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
No pensions- self employed
Comments
-
Never too late to start.
To begin with, before you learn about investing you could choose an eay to open online platform and buy a multiasset find (such as say the Vanguard series) or a global tracker. Your money can build up there slowly while you research investing. Once you have banked about 20K (easy enough to do with your 450 plus tax releif of 112 each month) you could look to employing an IFA.
So get moving.0 -
Why do you think you will need a pension apart from state pension ?
How much do you think you will need ?
Then you can roughly guess what you need to put into to get what you want.The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
Never too late to start.
To begin with, before you learn about investing you could choose an eay to open online platform and buy a multiasset find (such as say the Vanguard series) or a global tracker. Your money can build up there slowly while you research investing. Once you have banked about 20K (easy enough to do with your 450 plus tax releif of 112 each month) you could look to employing an IFA.
So get moving.
20 k is way too little to be cost effective to employ IFA as well I think.The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
For me it is the minimum, so wouldnt use one to set it up now if going the passive route.
They can always keep going, raising the amount put in as income grows.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards