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
Save, invest or pension?
Comments
-
Some NHS pension members have statements only coming through for the 19/20 year.AlanP_2 said:It's not difficult to work out AA on a DB scheme such as the NHS one give or take a few pounds to be fair.
Look at last year's statement for the AA value, increase by % pay rise this tax year and you won't be far out.
Considering AA is not a limiting factor until the combined DB increase and SIPP contributions get up to the £40k a year mark and ss the OP is earning £50k and presumably needs to spend some of that each month I don't see the issue.
20/21 will be available come oct 2022 if your lucky. Reaching AA will will not be difficult after a few years working, but rather calculating it, it is like trying to shoot a moving target and ensuring you save enough to pay for it, or come in and out of the pension, hokey cokey. GP's have this constant problem and their calculations are notoriously difficult
"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
What about a S&S LISA?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards
