Originally posted by TheCyclingProgrammer
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Setting up a workplace pension without excessive costs
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Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
When I say simple I didn't mean the ability to choose correct funds but rather the mechanism of setting up a pension account to receive funds.
Obviously once set up there can be a huge range of funds/options that can be invested in and they all have higher or lower degrees of risk. An advisor may be handy at that point but I don't see why they are needed just to get a pension account set up.Comment
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Originally posted by Tiger22 View PostWhen I say simple I didn't mean the ability to choose correct funds but rather the mechanism of setting up a pension account to receive funds.
Obviously once set up there can be a huge range of funds/options that can be invested in and they all have higher or lower degrees of risk. An advisor may be handy at that point but I don't see why they are needed just to get a pension account set up.Blog? What blog...?Comment
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Originally posted by malvolio View PostThere is another option. Have a read of this...Comment
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Originally posted by TheCyclingProgrammer View PostExpensive. There have been two options recommended so far that are only 0.25%. What does the IPSE one offer that the others don’t to justify paying 0.43%?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Tiger22 View PostWhen I say simple I didn't mean the ability to choose correct funds but rather the mechanism of setting up a pension account to receive funds.
Obviously once set up there can be a huge range of funds/options that can be invested in and they all have higher or lower degrees of risk. An advisor may be handy at that point but I don't see why they are needed just to get a pension account set up.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by TheCyclingProgrammer View PostExpensive. There have been two options recommended so far that are only 0.25%. What does the IPSE one offer that the others don’t to justify paying 0.43%?
But I only offer it as a simple starter solution which is what you wanted... I didn't ask for a critique of its merits (or lack of them).Blog? What blog...?Comment
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Originally posted by TheCyclingProgrammer View PostI’ve just finally got around to opening a SIPP. Cavendish does seem like the cheapest option for a new portfolio. Only 0.25% platform fee. I’m putting all of mine into a Vanguard Lifestrategy 80. That will do me until it gets to 6 figures at least, at which point I will review and get professional advice if I think I need it.
Pick a Vanguard Lifestrategy fund and let it sit there is probably the simplest advice. As ever it's good to read up, recommend this over an IFA https://www.amazon.co.uk/Smarter-Inv...dp/0273785370/Comment
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Originally posted by malvolio View PostI suggest you look into it properly. It's only 0.43%, no other commissions or hidden charges.Comment
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Originally posted by l35kee View PostThis is pretty much what I've done, but with Hargraeves Lansdown as teh platform. Set up a SIPP, took minutes online. Then downloaded the form to allow for direct Company payments to be set up. Now I just pop online and my LTD can make payments directly.
Pick a Vanguard Lifestrategy fund and let it sit there is probably the simplest advice. As ever it's good to read up, recommend this over an IFA https://www.amazon.co.uk/Smarter-Inv...dp/0273785370/Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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