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
NEST pensions
kenzie123
Posts: 105 Forumite
Hello
I have a NEST pension with my employer, it's been open for 7 years. I contribute an amount set by my employer and haven't really been across it until now. I'm trying to get more knowledge on pensions so I can make the best of it but not sure where to start or how NEST differs from other types of pensions.
I am looking into opening a LISA at the moment as well.
Shall I add more to my NEST pension?
Is anyone able to explain how a NEST pension works in comparison to SIPPs or other types?
Thank you in advance
I have a NEST pension with my employer, it's been open for 7 years. I contribute an amount set by my employer and haven't really been across it until now. I'm trying to get more knowledge on pensions so I can make the best of it but not sure where to start or how NEST differs from other types of pensions.
I am looking into opening a LISA at the moment as well.
Shall I add more to my NEST pension?
Is anyone able to explain how a NEST pension works in comparison to SIPPs or other types?
Thank you in advance
0
Comments
-
Is anyone able to explain how a NEST pension works in comparison to SIPPs or other types?
Nest works exactly the same as a SIPP, stakeholder pension or personal pension. i..e you pick your investments and the investments will zig zag their way over time. The difference is the type of investments available.
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.1 -
The only real differences between NEST and a SIPP , is the charging structure ( all pensions have different charging structures) and the range of investments available ( SIPP has a lot more but for the large majority of people that is not an advantage as they never change anything anyway)
All tax rules etc are the same for all pensions.1 -
I am looking into opening a LISA at the moment as well.
With a view to buying a house or saving for retirement?
https://www.nestpensions.org.uk/schemeweb/nest.html There are links to plenty of information about the scheme.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards