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  • #1

    The time has come...

    Well, I am looking into a pension I don't have a UK one and DH is 40 now he needs to sort himself out. Reading an article on ... Ahem MSE I read that stakeholder isn't the way forward so I was looking into a company called....Cavendish



    Anyway I figure this wee bit of money I have sitting here is better in a retirement fund then in an ISA.

    But im not up on the pension thing so any advice would be appreciated
    Tags: accounts, advice, bbc, benefits, cash, courier, extra, fees, financial, free, fun, fund, government, isa, isas, kids, money, parents, pay, pension, pensions, private, profits, reading, retirement, salary, savings, state, state pension, tax, work, working, wrong
  • #2
    Re: The time has come...

    I ain't no expert Jen but some of the returns are pathetic, I'd rather stash it under the bed. My company set up a pension last year, I would have been paying 3% of my salary and the company would pay 3% (not great I know) I have around 10 years to retirement and I would have got around £1000 per year, not really worth the bother!!! I opted not to give em all those fees and am to save in other places. just my feeling, remember I am the generation whose with profits endowments went shits up, who got stuck with 6 extra working years and have been generally stiffed by the financial industry so I may be a wee bit biased!!!

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    • #3
      Re: The time has come...

      My feelings exactly Dopey. !!

      Stash the cash under the bed........it doesn't pay to save anymore.

      Or spend it and have fun whilst we can.

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      • #4
        Re: The time has come...

        Couldn't agree more! I'm looking at other ways to shore up my retirement, got a few pensions and all of them quite lousy.
        Niddified and proud!

        Fought and won the UE battle, thanks to Niddy and this forum...
        SB since 2016. Now have my life back!

        (I used to be MustGetStraight but I've lost a "t")

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        • #5
          Re: The time has come...

          Interesting isn't it... just want somewhere to put a few bob to ensure we can live lol

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          • #6
            Re: The time has come...

            unless its final salary (and you'll get killed in the rush if it is one of those) under the bed with it, or move it around some isas

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            • #7
              Re: The time has come...

              My parents who are 78 and 80 have always tried to save a bit, not much 'cos they were never high earners. They don't have private pensions just the state pension and because they have a few thousand in savings they are not able to collect any extra benefits........so we 'kids' have got accounts with a couple of thousand in where mum and dad can stash any extra money they manage to save.......its a bit of a bugger when they have to hide money to get extra from the government, but folks who have never done a days work get everything. Think the government have got it wrong.!!!

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              • #8
                Re: The time has come...

                absolutely agree, just watch your tax position if its in your name, they try to get you every bloody way!!!

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                • #9
                  Re: The time has come...

                  Jenn ill look after it for you
                  if you do it today and you like it you can always do it again tomorrow

                  I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

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                  • #10
                    Re: The time has come...

                    Originally posted by evenlessdopey View Post
                    absolutely agree, just watch your tax position if its in your name, they try to get you every bloody way!!!
                    I know......but I'm not working or claiming any benefits of any kind, so hopefully I should be okay. We will never be in the position of getting any benefits etc, OH has a MOD pension and also a private one, so we should be okay........

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                    • #11
                      Re: The time has come...

                      Hi Jen

                      Rip off Britain was about Private pensions this week. Here's the link

                      http://www.bbc.co.uk/programmes/b00yzfgx

                      Gerry x

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                      • #12
                        Re: The time has come...

                        The Pensions Advisory Service (TPAS) is an independent non-profit organisation that provides free information, advice and guidance on the whole spectrum of pensions, including state, company, personal and stakeholder schemes.

                        http://www.pensionsadvisoryservice.org.uk/home.aspx

                        Gerry x

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