My advice would be to take more drugs and party harder in your youth so that you don’t have to worry about pensions.
Someone I know reckons that the £ is on the verge of the crest of a slump, in other words a CRASH.. Not sure where he gets this from, never said...Anyone heard something similar?
Sounds like the son of a friend of mine...Chases birds, a couple of dodgy relationships, drinks like a fish, vapes 24hr of the day....Stroke at the age of 47, in a care home....Sounds like a good career move to me.
You certainly have a better chance of winning the million if you give yourself 50,000 chances to do so, but sometimes someone with a fairly modest investment can still scoop a big prize and on the odd occasion the biggest prize. The wife and I have got some, she's done fairly well this year,I've done poorly...It's sheer luck
Agree, more you buy the better the chance. With £2k investment, the chance of winning really big are pretty remote. A bit like winning the Euro mills.
I wouldn't consolidate any of them due to transfer fees and financial advice fees, I'd leave the two biggest ones where they are if you have already cashed 25% tax free and draw them. I'd then cash in all four of the smaller value pensions regardless of tax, you've saved more than this tax on not paying fees, if they are low value and then manage that cash through an ISA paying monthly interest or set up a portfolio of high yield shares under a stocks and shares ISA giving tax free dividends, I do this myself as a hobby and the dividends spread quite nicely through the year as supplement income, Phoenix Group, Legal & General and Taylor Wimpey all pay over 8% dividends pa.
It very much depends on the type of pensions. If they are final salary schemes, I'd leave them separate and let them do their thing. Ones linked to the stock market, I would definitely shop around as I consolidated mine some years back and it cost me nothing.
Agree, leave anything final salary alone, other private pension values fluctuate with global stock markets which are close to record highs so pots should be full, ripe and ready to cash in if it fits your personal circumstances, a better situation than if you reach the right age just after a crash and your pot is half empty.
I consolidated various pensions and ISAs onto a managed financial platform. There's a cost but it's performed better over time than the products were doing under my relatively clueless management. It gives the obvious advantage of having professional financial management of your money and allows you to have up to date tracking of investment performance.
Same here. I'm balls deep in Dutch tulips and phone card shares. Not sure the bounce back is going to happen. As an aside, I get occasional statements from my meagre private pension investments and they're barely going to cover the air I breathe. Should have invested it in cocaine and hookers and at least had the memories.
