Advice on setting up my own private pension please?
Comments
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Thanks for your comments
Have you read through the links in post 6?0 -
If you are looking for easy, then you can make additional contributions to your nest pension, which will give you the chance to research further options.No.79 save £12k in 2020. Total end May £11610
Annual target £240000 -
If you are looking for easy, then you can make additional contributions to your nest pension, which will give you the chance to research further options.
https://www.nestpensions.org.uk/schemeweb/NestWeb/public/memberhelpcentre/contents/how-can-i-make-additional-contributions.html0 -
I agree a SIPP via a DIY platform is a complicated option. Nothing against SIPPs as I have one myself.
The easiest and probably best option is to contribute more into your NEST via payroll deduction.
The next easiest option is to takeout a stakeholder pension with a default fund strategy (such as Aviva stakeholder via Cavendish).
The next easiest option is a SIPP from a robo investor such as Nutmeg (although these usually want a starting lump sum and the fees can be high)0 -
Is nest any good? I want to contribute £250-300 a month. Should I transfer my standard life pension over to nest or it is best to leave it.0
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So is that a manged fund to target retirement for selected year such as 2050 Fund?0
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https://www.nestpensions.org.uk/schemeweb/NestWeb/public/members/contents/transferring-your-pension-pot.html
https://www.nestpensions.org.uk/schemeweb/nest/members/your-account/costs-and-contributions.html
http://www.nestpensions.org.uk/schemeweb/NestWeb/includes/public/docs/Transfers-into-NEST,PDF.pdf
You could consult an IFA - link in my previous post above - ring round to compare service offered/fees.0 -
ou could consult an IFA - link in my previous post above - ring round to compare service offered/fees.
I cant imagine that many IFAs would go further than saying that the OP should pay into NEST. Recommending a SIPP and an investment fund based on no information supplied by the OP would likely be classed as a missale.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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