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re-investing pension?
chris3691
Posts: 1 Newbie
my pension of 64k is bleeding losses as i'm sure most of you are experiencing, should i reinvest at 4.6% in the remaining 6 year to at least gain some investment return?
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What are you invested in now?
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2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.0 -
how would you achieve that 4.6% within a pension? If you are talking about withdrawing it all to put in a standard savings product then you would be hit by significant taxI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
my pension of 64k is bleeding losses as i'm sure most of you are experiencing, should i reinvest at 4.6% in the remaining 6 year to at least gain some investment return?It should have stopped losing money a few weeks back and gone up since then (possibly more than the 4.6% you would get over the year)
Can the product that is giving 4.6% be held in a pension?
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.0 -
In general, you should be diversified between fixed income and equity asset classes. So, some of your pension would be in products giving X% and the rest in equity. Putting everything in fixed income does not guarantee investment return, at least not in real terms (net of inflation).0
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One persons view of 'bleeding losses' can for somebody else be ' a normal downturn following many years of good growth'chris3691 said:my pension of 64k is bleeding losses as i'm sure most of you are experiencing, should i reinvest at 4.6% in the remaining 6 year to at least gain some investment return?
However depends on how heavy the bleeding is. What is the % loss compared to say its value on Jan 1st 2021, and from Jan 2022?1
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