The Hen House Chronicles

KajiKita

This is looking good MerryHen. 😊

What will you do with the car loan monies once that’s cleared? All to savings or will you allow yourselves some slack? 

KK

MerryHen

@KajiKita it was cleared early in large part due to DH's pension tax relief rebate so I've suggested he tops up his pension contributions with the money we're no longer paying towards the car. We need to have a proper look at his pension first though and see how well it's doing, it's a NEST one through work which I've heard can have lower returns. I think work is already matching as much as they will so it might be worth him starting a SIPP elsewhere. Something to look into.

KajiKita

I will be in a NEST pension once it starts in my new job. I will be interested to hear what you decide to do. I guess I’ll probably just put in whatever maximises the employer contribution and then divert some more contribution to my previous employer’s pension that is now fully under my control as that looks to be quite a good one. 

KK

greenbee

KajiKita said:

I will be in a NEST pension once it starts in my new job. I will be interested to hear what you decide to do. I guess I’ll probably just put in whatever maximises the employer contribution and then divert some more contribution to my previous employer’s pension that is now fully under my control as that looks to be quite a good one. 

KK

This is what I do, as my current employer's pension isn't great (although I have now discovered that I can move the investments out of the default funds, which is something worth checking up on), and I am in the process of consolidating all my older pensions to a single provider and fewer funds to reduce the charges... but have been saying that for several years now. 

KajiKita

greenbee said:

KajiKita said:

I will be in a NEST pension once it starts in my new job. I will be interested to hear what you decide to do. I guess I’ll probably just put in whatever maximises the employer contribution and then divert some more contribution to my previous employer’s pension that is now fully under my control as that looks to be quite a good one. 

KK

This is what I do, as my current employer's pension isn't great (although I have now discovered that I can move the investments out of the default funds, which is something worth checking up on), and I am in the process of consolidating all my older pensions to a single provider and fewer funds to reduce the charges... but have been saying that for several years now. 

I did the consolidation thing a while back, so I think I’m sorted in that for now. 

NEST is a government scheme apparently so I suspect there is no chance of changing which funds your money is in. I ought to have a look though.

KK