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Pay into NEST pension, then cash out a few months later
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Hargreaves Lansdowne would be £0.MX5huggy said:Yes basically but…..
will you earn £40000 this tax year? you can’t pay in more than your earn. At this point you would may of heard of the £60k Annual Allowance but that is only relevant for those that earn £60k or more.
Nest has an unusual fee structure the charge a contribution fee of 1.8% most other pension providers don’t charge a contribution fee but an Annual account (platform fee) calculated daily so Vanguard charge 0.15%
So Nest would charge you £720
vanguard would be about £10 if you got the money in and out in 8 weeks.0
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