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[Fred Bloggs]

Better late than never. A lot more people need to leave these dreadful companies and drive them out of business.

[Fred Bloggs]

Off topic, but I think with pension miss selling this time around when it happens the fall out won't be so widespread. In the 1990's it was absolutely massive. I think that the potential for claims going forward has been recognised fairly early by the industry as a whole and the soaring cost of PII...

[Fred Bloggs]

I guess PCP is the next opportunity for the ambulance chasers after they drained the swamp of PPI claims. Pension transfers next in line? If so, it's the second time. I had a pension transfer misselling claim for Mrs Bloggs back in the 1990's when the big manufacturing firms were all closing thus creating...

[Fred Bloggs]

Gotcha, understood. The scum of the legal profession chasing ambulances they themselves called. One of the next ones undoubtedly will be defined benefit to defind contribution pension transfers. Once people get to maybe 75 and run out of money, the usual "it wasn't fully explained to me what the...

[Fred Bloggs]

Yes I am aware of that, cheating and telling lies about emissions. Curious that the OP specifically mentions PCP which has become a huge industry in itself....

[Fred Bloggs]

If you don't mind, is there a short explanation of why there's cause for mis-selling? Thanks....

[Fred Bloggs]

That's because at the moment you don't know what questions to ask. Nor do you know the expected answers. You have a lot of catching up to do if you aren't going to present yourself as the salesman's next easy meal ticket....

[Fred Bloggs]

Maslins? Perhaps....

[Fred Bloggs]

All your points are valid enough, yes.

I am really stressing that nobody should be having any conversations with anyone until they have self educated themselves enough to know exactly the questions they need to ask. It has never been easier to do so. At that point, unless the individual...

[Fred Bloggs]

Ahem....... Not if you managed your own money and bought Fundsmith. However, very, very few, if any, advised clients would have done that.

I did ...

[Fred Bloggs]

The fly in the ointment, and it is a very common misconception, people talk to firms like St James Place and the other sharks who style themselves as "wealth managers". Often, the sales script is deliberately skewed to give the impression the potential client is talking to an IFA when in fact,...

[Fred Bloggs]

Checked for one of these insidious clauses that attempts to place IR35 compliance liability back on the contractor?

Personally, I doubt one would ever hold up in court but better to not have that concern hanging over you.

[Fred Bloggs]

Absolutely. Similar experience as dealing with double glazing salesman. Far better to self educate and make your own decisions....

[Fred Bloggs]

OK, badly phrased. Employer pension contributions aren't subject to employers or employees NI. If you opt out of auto-enrollment pension contributions and take the money, then both NICs will be paid out of that pot of money. If you then pay yourself into a SIPP, you get income tax relief but you cannot...

[Fred Bloggs]

If you opt out, you are turning down free money. Albeit not a massive amount but I wouldn't do that myself.

Best option is salary sacrifice into your present scheme. At a later date you can move it to a SIPP of your choice, should you prefer....

[Fred Bloggs]

That may be the case, but there are a couple more things to consider too. The OP is very new to contracting and must have been in a pension scheme to qualify for carry forward of allowances for each year being carried forward.

Secondly, the lifetime pension allowance is presently only a...

[Fred Bloggs]

Hmmm, OP says he/she is on £110k a year, that's not going to be possible when the contribution cap is £40k per year?...

[Fred Bloggs]

Don't disagree with the essence of your bottom line really.

My own experience was that majority agencies were hopeless regarding agency regs opt in or out. The only one who got the procedure anywhere near right was NES where you were clearly opted out before you started the application...

[Fred Bloggs]

You can't "sort out" the opt in or out status retrospectively. You are either opted in or you are opted out. I suspect you are opted in since you have no recollection of opting out of the agency regs. The opt out has to be done right at the start of your recruitment. If it wasn't, then my...

[Fred Bloggs]

Yes, totally agree.

Of course though, energy project professionals on between 600 and 800 or more a day were paying huge amounts of tax both indirectly and directly. As well as directly supporting lots of other businesses like car dealerships, builders, financial advisors, accountants etc..........