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Dh6Dh6 Forumite
63 posts
10 Posts
Hi All.

Since joining the forums I've read a lot of threads past and present and gained some valuable insight and knowledge. I've purchased the John Edwards DIY pensions book and along with browsing this forum I feel a lot better informed to make some decisions on my future.

I've started the process of changing my trading status from self employed to a Limited company as I will be better off financially anyway so pension benefits of paying in via my Ltd company is an added bonus.

My current plan is as follows ;

I'm paying 4K a year into my Lisa ( 5k with government bonus )

I'll be investing £600 per month into a passive global index tracker ( SIPP )

Any extra money I earn over and above what covers, all my bills plus holidays etc I'm willing to invest into the SIPP.

In the mean time I'm working on building up a cash buffer of around 50% of my annual income.

I'm 33 currently with no pension provisions whatsoever.

If you were in my situation what would be your thoughts on my above plan?

I'm keen to find the best platform for paying in monthly or if I'd be better off paying in a lump sum at the end of every tax year?

Many thanks.
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