Financial security in your mid-thirties

Pizza_the_Action

No workplace pension - I work for a company not based in the U.K. 

Once both old pension pots are there it will be worth just under £2,500. I’ll then start paying into it. 

pridehappy

Well done! This sounds like a very good position to be in for your age. My only suggestion is that I'd definitely suggest the instant access savings account - it's always vital to have a decent pot of savings you can access almost immediately in the event something goes wrong (hopefully it doesn't, but you never know!). You can also continue adding to this over time.

I'd suggest this account if you're looking for a good interest rate, online access and excellent customer service.
https://www.skipton.co.uk/savings/easy-access

Pizza_the_Action

Thanks for your comment; since I started this thread I've set up a Tandem account with 7% interest which I use for my instant access savings. 

* 12/10/2023 - correction, 5% not 7%!

Cashmygiro

I was going to switch an old workplace pension worth about £7K to PensionBee once but I was warned that it would end up being worth less if I did so I left it where it is, with the original provider.

Barkin

Pizza_the_Action said:

Thanks for your comment; since I started this thread I've set up a Tandem account with 7% interest which I use for my instant access savings. 

7% instant access? Really?

Tell me more... 

wjr4

Cashmygiro said:

I was going to switch an old workplace pension worth about £7K to PensionBee once but I was warned that it would end up being worth less if I did so I left it where it is, with the original provider.

Who said that? 

MEM62

Pizza_the_Action said:

No workplace pension - I work for a company not based in the U.K. 

You are not based in the UK or they are not based in the UK?  

Cashmygiro

wjr4 said:

Cashmygiro said:

I was going to switch an old workplace pension worth about £7K to PensionBee once but I was warned that it would end up being worth less if I did so I left it where it is, with the original provider.

Who said that? 

Both PensionBee and the company my old workplace pension was with.

Pizza_the_Action

MEM62 said:

Pizza_the_Action said:

No workplace pension - I work for a company not based in the U.K. 

You are not based in the UK or they are not based in the UK?  

They are not based in the UK.

Pizza_the_Action

Barkin said:

Pizza_the_Action said:

Thanks for your comment; since I started this thread I've set up a Tandem account with 7% interest which I use for my instant access savings. 

7% instant access? Really?

Tell me more... 

Correction, it's 5% interest - sorry for my mistake!