Originally posted by MarillionFan
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "New to contracting and want to set up a pension"
Collapse
-
Guest repliedGo with cash ISA first , you need to need to speak to someone who assess the risk you like to take. Of course the more the risk the better the return.
Originally posted by adubya View PostSIPPs aren't necessarily safer than S&S ISA, depends upon your investment choices
Leave a comment:
-
SIPPs aren't necessarily safer than S&S ISA, depends upon your investment choices
Leave a comment:
-
Originally posted by adubya View PostThat's your cash ISA limit, you can also invest an additional £5340 per year in a stocks and shares ISA.
Difference is (you can't touch a Sipp until age XX(need to look up) but you get 20/40% tax relief(plus tax free gains), while a Stock/Share ISA is more risky(gains are tax free only) but you can take out and lose your tax free status anytime.
Leave a comment:
-
Originally posted by MarillionFan View PostA pension plan should consist of a number of different vehicles for the future.
Definitely use your ISA allowance of £5340 per year 1st.
Leave a comment:
-
Originally posted by IT_BOY View PostHi Sorry about the lame question. I want to start a pension which is safe with no risks. I have IFA sniffing and calling me like rats.
Do you guys have a pension plan and what would you recommend . I am thinking of putting the max amount in .
Thanks kindly
Definitely use your ISA allowance of £5340 per year 1st.
Then a SIPP (Have a look at Barclays Stockbrokers) for running your own.
Also consider getting a managed one set up for you by the likes of an IFA.
National Saving Bonds (5 year) useful
Maybe purchasing property/BTL over the years
And longer term bonds
When you ask about 'a pension plan' on here we are thinking about lots of different ways to save money all of which makes a plan.
Leave a comment:
-
Be your own IFA, I use HL my SIPP but there are plenty of other good low cost providers too. Best Invest, Alliance Trust Savings, SIPP Deal etc... Do your own research, all the info is out there. Good luck.
Leave a comment:
-
I went for a stakeholder pension with low charges which offered a selection of funds and it all goes in an index tracker at the moment.
You could look into a SIPP.
Nothing is safe with no risks. Especially in this day and age.
Leave a comment:
-
New to contracting and want to set up a pension
Hi Sorry about the lame question. I want to start a pension which is safe with no risks. I have IFA sniffing and calling me like rats.
Do you guys have a pension plan and what would you recommend . I am thinking of putting the max amount in .
Thanks kindly
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: