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Neverland

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Everything posted by Neverland

  1. Not our fault you aren't doing too well in your career comapred to your peer group is it? Better send the wife off to work
  2. I dunno...I'm pretty sure QE2 will increase inflation over above what it would otherwise be But maybe I'm just stupid
  3. Seems that there is something fishy here The old wilsons thread was a lot longer than 21 pages
  4. Didn't they threaten legal action unless all mention of them was removed from this forum?
  5. Based on the current government's track record of not standing up to the banks and doing everything possible to support the housing market I wouldn't get your hopes up just yet
  6. I haven't bothered with propertybee yet because we haven't yet exchanged and because I can't be bothered to install firefox However, I'm getting irritated that Zoopla/Rightmove aren't picking up a lot of property price movements Is Propertybee comprehensive or just patchy like everything else? PS. I'm looking in central london which means flats rather than houses which are much more complex to track
  7. Aye, this is the second part of my cunning plan Even in the EU tax treatment of retirement income from pension schemes and insurance company annuities varies hugely from country to country... ...and of course just as Europeans can live and work freely in the UK... ...Estonia here I come...
  8. I did this at one employer, it works pretty well These days there are quite few SIPPS which you can run with administration and dealing costs of maybe £150 a year max. An index tracker fund charge probably 0.25% on top Conventional unit trusts have charges of 1.5% pa on average generally and this is what the typical company scheme will stick you in. They will probably have an upfront charge as well Once you have £20,000 or more in your pension scheme you need to be getting out of that company rip-off scheme To put it another way, if the best you can expect from a balance managed fund is 6% in capital and income growth per year - a conventional unit trust manager steals 25% of it every year
  9. Nope, if you look at their financial results and their AUM - its way too high for them to just be getting trail commisions I would expect they are getting kick-backs from the fund management groups in all sorts of ways to peddle their managed fund crap Ultimately the consumer pays (as always) As for this £16pm / £192pa thats not the cheapest SIPP on the market by a long chalk
  10. SIPPdeal run by AJ Bell will do the SIPP wrapper for free each year You have to pay dealing charge to buy and sell of course
  11. Meh Anyone really in this position had plenty of opportunity to save up for unforeseen events/hard times If they didn't and chose to spend up to the limits of their income for years - thats their own fault (PS. amazing HPC can generate 7 pages of comment on some made up article)
  12. You assume there will be a state pension available when you want to retire Good luck
  13. Its not all one way: in the mid-1990s the government made company pension schemes much more valuable to employees by making companies offer index linked inflation proof pensions This made defined benefit pension hugely valuable to employees and hugely expensive to employers So all the DB schemes started closing... ...unintended consequences Now we have a mess where anyone under 40 has to provide for themselves or hope there will be a state pension by 2050...
  14. The SIPP provider gets kick backs in up front and tail commission from the unit trust provider Hargreaves Lansdowne are raking in hidden fees from the fund management companies The company is in the FTSE-100, taking money indirectly from the savings of the people who invest in their platforms Personally, wouldn't touch it with a barge pole
  15. This Basically you get to nearly double you invest free without risk provided you agree not to take it out until 55 and limit what you do with 75% after that Seems a fair deal to me
  16. I've been paying into a pension for about the same time and its worth more than £1m Difference is I manage it myself and deliberately found the lowest cost provider Too many people blame "the system" for their own failures
  17. Well they are white and middle class Its a well known fact (to DM readers) that all the evils in the world are caused by chavs and black/brown/yellow people
  18. Many VCTs invest in unproven companies started by dodgy fringe businessmen... ...pubs...solar panels...nursing homes...music festival...films... ...all sorts of crap You can put most sorts of mainstream investments in a pension
  19. +1 This site has a charging comparison for 14 SIPPs, pick the cheapest which suits you http://www.investmentsense.co.uk/sipp-zone/sipps/ If you pick a SIPP with low charges it works very well with a full tax rebate Using a run-of-the-mill SIPP or work pension scheme, almost all of the tax break gets eaten up in charges
  20. +1 ....but all threads on HPC generally scream "Look at me, pay attention to my life...."
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