What should I do with my pensions??

Albermarle

Brie said:

@Marcon I've got a Barclays investment account that charges me .1% and I've not seen anything remotely close to that anywhere else.  I'll need to double check that their SIPP charges a similar rate.  And yes NEST was the only option with my current employer so I'm just in it to max on their contributions.  

@QrizB
Thanks - that's some useful numbers !

You need to check. There might be an extra charge for a SIPP and/or they will charge for each withdrawal, or something like that.

bunnygo

belatedly - I really do recommend a pensionwise chat. My chap had a war story of someone who didn't, took the whole pension at once and was hit with a huge tax bill. Only then did he contact pensionwise - too late.

UFPLS is a little complex but has very much worked for me, now on the countdown to my state pension (if they don't change the rules) so maximising tax free allowances before that.

Marcon

Albermarle said:

Brie said:

@Marcon I've got a Barclays investment account that charges me .1% and I've not seen anything remotely close to that anywhere else.  I'll need to double check that their SIPP charges a similar rate.  And yes NEST was the only option with my current employer so I'm just in it to max on their contributions.  

@QrizB
Thanks - that's some useful numbers !

You need to check. There might be an extra charge for a SIPP and/or they will charge for each withdrawal, or something like that.

I think so too. @Brie - see https://www.barclays.co.uk/smart-investor/accounts/sipp-pension/#:~:text=The monthly Customer Fee (0.2,buy or sell an investment and see the section headed 'Fees'.

Brie

Marcon said:

Albermarle said:

Brie said:

@Marcon I've got a Barclays investment account that charges me .1% and I've not seen anything remotely close to that anywhere else.  I'll need to double check that their SIPP charges a similar rate.  And yes NEST was the only option with my current employer so I'm just in it to max on their contributions.  

@QrizB
Thanks - that's some useful numbers !

You need to check. There might be an extra charge for a SIPP and/or they will charge for each withdrawal, or something like that.

I think so too. @Brie - see https://www.barclays.co.uk/smart-investor/accounts/sipp-pension/#:~:text=The monthly Customer Fee (0.2,buy or sell an investment and see the section headed 'Fees'.

Thanks I will check but will need to go back through the paperwork I was given when I signed up to things.  Currently nothing can be accessed on my account online (some odd IT error is showing) but I know I should be on discounted rates to the average customer.  

wjr4

Do your existing pensions have any safeguarded benefits?

Brie

wjr4 said:

Do your existing pensions have any safeguarded benefits?

none of which I'm aware.  both straight DC which need to be put elsewhere to access.  I've asked for new quotes for both so I can check on everything.