Originally posted by lukemg
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Whether to switch pension or not
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Originally posted by pr1 View Postbut remember not to die before you can spend/enjoy your money
- Having to work way past when you can't stand it and becoming known as the miserable old t**t.
- Hit the career earnings decline/lack of opportunities with k'all to show for 20 years on the tools, that won't be a picnic either as you hit retirement.
By all means, buy experiences/travel and smell the roses on the way but for your own sake stash a bit too....Comment
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Pensions and Fees
I agree with Lukemg re his strategy:
I went the Vanguard Lifestrategy 60/40 (bit more cautious) route for my SIPP, as I have a high growth fund in place already.
Vanguard let you go direct now, hence there is no middlemen fees. I'm with HL and hoping they will start reducing their annual management fees with this news.
The Vanguard fund charge is 0.22%.
There is ALSO a HL annual management fee in place for funds (unit trusts and OEICs) held within their platform, and this charge is applied across each account separately with no cap. For the first £250,000 of funds within each account, the charge is 0.45% per annum. On the value of funds between £250,000 and £1 million this is 0.25% per annum.
It's worth using one of these little compounding/ fees calculators to work out your net return over the long term. The fees soon stack up.
That's my number one rule too, never sell. Unless one of my dividend stocks has its dividend cut.Comment
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Originally posted by The Canny Contractor View Post...
Vanguard let you go direct now, hence there is no middlemen fees. I'm with HL and hoping they will start reducing their annual management fees with this news.
The Vanguard fund charge is 0.22%.
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That's for their ISA. So worth seeing how going direct stacks up on the fees front if only interested in investing in Vanguard LifeStrategy via ISA. Sounds like (according to elsewhere on their website) they'll also offer a direct SIPP from 2018 but don't yet.
Certainly food for thought guys, cheers.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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