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deciding what indexation to use. help me please

2»

Comments

  • Retired_I.F.A.
    Retired_I.F.A. Posts: 863 Forumite
    Yes. no problem there.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    greenelephant wrote: »
    can I or an IFA change the indexation whilst I my pension is still active (before annuity) as and when I need to

    Yes.I'd have thought RPI was the best choice, unless your own earnings persistently go up by more than that. .
    Trying to keep it simple...;)
  • Andy_L
    Andy_L Posts: 13,160 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    EdInvestor wrote: »
    unless your own earnings persistently go up by more than that. .

    The OP's looking at a NAEI/RPI indexation not a Final Salary scheme. Their earnings won't effect that
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Andy_L wrote: »
    The OP's looking at a NAEI/RPI indexation not a Final Salary scheme. Their earnings won't effect that

    Yes but the percentage of earnings is relevant. If he chooses 6% and his earnings only go up by 4% (say) to match inflation, then he may be paying more into the pension than he wants to or can afford.
    Trying to keep it simple...;)
  • Andy_L
    Andy_L Posts: 13,160 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    EdInvestor wrote: »
    Yes but the percentage of earnings is relevant. If he chooses 6% and his earnings only go up by 4% (say) to match inflation, then he may be paying more into the pension than he wants to or can afford.

    Good point,mised post 9 & thought the op was talking about pension in payment
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