Smart Pension

slenderkitten

Lol it's too much hassle for them to pay into my existing one, I'm having to complain about that. 

penners324

Just pay more into your current employer scheme. Then amend what it's invested in to a riskier investment. 

slenderkitten

Thanks... 

slenderkitten

I'm coming back to this SIPP question, I looked into paying additional contributions into my Nest pension on a monthly basis which I have now set up. 

Smart Pension can only accept 2 additional contributions per year which is no good, so now I'm wondering if I should open up a SIPP as Nest are very limited with funds and can only invest it all in one fund; I have it in Sharia Fund which is the best performing. 

I am not going to go down the employer route for a higher percentage of salary sacrifice as they haven't been paying my pension for months, the Pension Regulator are investigating them, I may consider coming out of it all together, and I'm looking for another job, so I'm in 2 minds whether to put all of the Smart Pension in to Nest if I leave this employer, I'm not sure what to do here. 

I've recently opened a S&S ISA I'm relatively new to investing, my knowledge is basic at the moment I would be open to selecting my own funds for the SIPP.

Any thoughts.

LHW99

If you get a new job / employer, they may use a different co. again, so you could transfer both the Nest & Smart pensions in to that.

If the Pensions Regulator are investigating, its possible your current employer may decide (have to) pay missing contributions. It may be worth keeping things as they are until the result is known, to make sure its easy for the back contributions to be paid, rather than having more form filling / chasing if you have closed the pension they are likely to be sent to.

slenderkitten

LHW99 said:

If you get a new job / employer, they may use a different co. again, so you could transfer both the Nest & Smart pensions in to that.

If the Pensions Regulator are investigating, its possible your current employer may decide (have to) pay missing contributions. It may be worth keeping things as they are until the result is known, to make sure its easy for the back contributions to be paid, rather than having more form filling / chasing if you have closed the pension they are likely to be sent to.

Yeah I'm not doing anything just yet just thinking about my options in advance.  There is one payment showing as processing for over a week I think this is a failed payment I believe it's a DD request set up by the pension company as I know they were intending to write to them the day before it appeared and they said they would contact them again as it had'nt been paid.  Meanwhile I'm getting the investment loss calculated.