Recommendations for Pension Plan for Wife

BigJRock

 She could consider Vanguard.

Start with £500 and then £100 every two months?

She could choose a ready made portfolio.

Sounds interesting but can you do £100 every 2 months?

Another thought, you say that you are self employed - is this the case or do you work for your own limited company (which also employs your wife)?

Your wife has obtained a state pension forecast?

I'll get her to get a new check but we did one 2 or 3 years ago and she will qualify as long as she stays on the payroll for a few more years. Yes limited comapny.

cloud_dog

BigJRock said:

 She could consider Vanguard.

Start with £500 and then £100 every two months?

She could choose a ready made portfolio.

Sounds interesting but can you do £100 every 2 months?

I am led to believe that whilst Vanguard require a minimum contribution of £100pm they do not currently actively enforce this and so dropping this to £50pm would be achievable.

BigJRock

 She could consider Vanguard.

Start with £500 and then £100 every two months?

She could choose a ready made portfolio.

Sounds interesting but can you do £100 every 2 months?

I am led to believe that whilst Vanguard require a minimum contribution of £100pm they do not currently actively enforce this and so dropping this to £50pm would be achievable.

Thank you, you are right. I phoned them up and we could start either with £500 lump sum or £100 per month but once it's set up you can change the monthly amount to £50 and contribute lump sums of less than £500.

I like the sound of this plan, just have to decide whether to go with thiswith 60% equity or one of the others like Legal & General. Any more advice would be welcome.

BigJRock

Vanguard vs Legal & General

Any opinions on which would be better or any others worth looking at?

Alexland

BigJRock said:

Vanguard vs Legal & General

It depends on the risk that she is likely to take and if she might find the Vanguard interface too complicated. At the higher risk levels then I would favour the Vanguard global trackers but at the lower risk levels I would favour the broader L&G diversification.

LHW99

Yes limited comapny

If she is an "Office holder" the company can pay up to £40k per annum into a pension for her, whatever she earns, if the profit is there.

If not, and is just an employee then I believe the company should open an auto enrollment pension and pay in?