📨 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!

ideas? Guidance?

SB1980
SB1980 Posts: 15
Sixth Anniversary 10 Posts
Forumite
edited 18 February 2022 at 4:16PM in Savings & investments
Full disclosure, this is also posted verbatim in Pensions / retirement:  (sorry if that is bad practice)

I am 41, full time employed salary c £75k.

Mid 2021 I took VR from my job of 15 years.  Since then I've been a deferred member of the company pension scheme, with about £150k in my pot (DC).  I was a "good leaver" so am bonus eligible for 2022 payout, and I will want to salary sacrifice this into my old pension pot (hope that makes sense!!).

Old employer paid fees on the pension, so i have no understanding of what fees normally would look like, but currently as a deferred member i pay c£50 / quarter based on the £150k pot.
If you were me what would you do after March when bonus is added to the pot and i no longer have any reason (i think) to leave it with Mercer.
Should i leave it as it? should i move it to a SIPP, should i move it to new employer (I know i can, but unsure on costs etc)

Any whilst i am typing  

With my redundancy money, i filled 2021 ISA and LISA allowances, and plan to do 2022 also (i have separate 6 months emergency money in an instant access saver).  Both are with AJ Bell and i am equally invested in HSBC All World and AJ Bell Adventurous funds.  
Would you do anything differently here?

Current employer pays 9% pension contribution and i've chosen to pay 16% making a total of 25% per annum contributions.
I would like to retire at or shortly before 60.

Really just what are your thoughts? Ideas? 

much appreciated!

Comments

  • Albermarle
    Albermarle Posts: 32,897
    Eighth Anniversary 10,000 Posts Name Dropper
    Forumite
    edited 18 February 2022 at 4:33PM
    No need to duplicate your post . The same people tend to read both forums  . Best you delete this one to avoid confusion . (Go to the cog icon in the top right of your post. )
  • SB1980
    SB1980 Posts: 15
    Sixth Anniversary 10 Posts
    Forumite
    No need to duplicate your post . The same people tend to read both forums  . Best you delete this one to avoid confusion . (Go to the cog icon in the top right of your post. )
    i am clearly being stupid... it's only giving an option to edit... apologies, will try again later
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.9K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.4K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.