chockydavid1983 Forumite

If you don't need to complete a self assessment for any other reason, you can just call HMRC to advise them of your pension contributions. I used to do this years ago and I think that included previous years contributions as well. Just googled and I believe the number is 0300 200 3300. On a separate note, I don't have any…

I just started the process of transferring from Vanguard to Trading 212 so can't say how long the process will take. The closest I could find to the FTSE Global All Cap I hold on Vanguard on Trading 212 was the FTSE All World ETF so I've had to sell to cash and then initiate a transfer. I've recently read about a similar…

Same. Vanguard global ftse all cap.

I didn't end up doing it in the end but may in the future once my pot gets a bit bigger. From memory, I think it was a bit awkward in that Aviva wanted to know how many segments I wanted to transfer whereas Vanguard wanted a monetary value to transfer in. I'm sure there must be a way around it but I think I decided it was…

Thanks all. I would be mortgage free if and when I needed residential care so using that to fund it seems reasonable.

How flexible are you on location? £200k could be a hefty deposit depending on where you're buying.

No, if they wanted money for it then they should have asked at the time. Can't ask retrospectively.

I'm not sure on the details but there are circumstances you can access your pension early if you have to retire due to ill health so you can probably focus mainly on pension contributions. https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/early-retirement-because-of-illness-sickness-or-disability

Is this just for if you own part of a share of an individual stock or is it also where you own part of a unit of an index fund? Or is it still unclear as it's still a developing story?

I have accounts with all 3 and they've all been fine. https://www.comparefundplatforms.com/ is good for comparing costs.

Thanks for the explanation and detailed example. That's how it looked like it worked to me but good to get it confirmed. It does seem a bizarre way of doing things but I guess it made sense at some point in the past. I was surprised I couldn't just transfer out the whole lot once a year and leave it open with nothing in…

Thanks for the replies everyone. The main reason I was looking at a partial transfer out was due to costs. I'm fine with just having the VG funds to choose from. I have no dependants or spouse. I will check my scheme rules and contact Aviva for more information. Thanks, Chris.

Rather than go by an arbitrary rule, you'd probably have to do some analysis of all the stocks you own and decide if any of them were overvalued or had peaked. Not an easy thing to do. I prefer to just buy index funds myself.

Haha yeah this pretty much summarises my thoughts! It's definitely a balance between pension contributions for retirement and tax reduction, S&S ISA for the future part retire early fund and EF and other cash to deal with short term shocks. I do still think S&S ISA and pension will do better in the long run and it's just…

Similar to me - I'll be close to 40 at remortgage next September. Yeah, having some cash on hand to make a lump sum payment at that time would be wise and can then make a decision whether to do that when the time comes.

My current thinking is that investments have returned more than 5/6% on historically on average over the medium to long term (though no guarantees of future returns of course!) so investing still wins. I'm also wondering if average investment returns are more relative to inflation, i.e. inflation + x% rather than a set…

Thanks, another good point. Yes, the gifts will exceed the annual allowance this year and probably the next couple of years too but then will be lower. In terms of record keeping, would I just keep my own records somewhere and have a note on my will stating where they are? I can easily make records as they are bank…

Thanks, that's definitely an important point. I am already helping those family members out who the money would be going to anyway but will probably do more going forward as the estate grows.

Thanks everyone! As you can probably tell, I'm new to all this, despite having read up a bit. I'm approaching 40. Thanks for the info about IHT, that's good to know and if anything, simplifies my plans a little. I think the main way I would end up with more than the NRB outside pensions would be if I were to die early and…

I do yes and I'll make a note to do that in future, thank you!