Stakeholder Pensions ?

I'm 35 and thinking of starting a pension fund of about 拢150 a month. Would a stakeholder pension be a good idea in my situation ??

The most important step is to get into a scheme where your employer pays in as well.

Within that, going for a stakeholder plan is a good choice as charges are set reasonably low. But even better would to go for a low cost index tracking UT such as from Legal and General or M&G.

if you're employer hasn't got a scheme, it could be but you need to take independent advice to be sure what is best
some info on pensions below. 拢150 a month isn't enough though!
if you're in a union ask your pensions rep or officer, if you're not then join!
good luck
m x

The above contributor is right re amount,

roughly speaking you'll get about 6% of your funds value on retirement as a pension (it varies but for headline figures it's a starting point).

拢1800 a year Times 30 year until you retire gives you

拢54000 of contribution. Working on an annual return of investment even at 10% gets a fund value of about 拢325K equating to a pension of 拢20K at THAT time. What do you think the real value of 拢20k will be in 30 years time?

At 2.5% inflation compounded it will be approx half the present value by my caculations. So could you live on the equivalent of 拢10K pa?

Tags

　　Private Investment 　　Private Equity 　　Private Capital 　　Personal Investment 　　Pension Fund 　　Pecunix 　　Online Investment 　　Online Business

Related information

Widows Pension Option?

If the inherited pension is a 'qualified' plan, she can roll the pension over into an IRA. Since the plan was her spouses' plan, the rollover IRA will become her IRA and she does no...

Can anyone explain the basic of rolling a pension and 401K into your own new business?

I believe this is when you already have one from your employer and when you open your own business you pay into it 100 percent not 50 50 .. You maintain your 401K and you wont' have to star...

Accounting terms help....PLEASE!!?

1 b 2 j 3 h 4 e 5 f!!!

...

Why does the NHS recommend that I don't transfer my Pension to present scheme do they know something we don't?

I enquired about transferring a pension into a subsequent employers one. The transfer value was considerably less than if I froze it and kept it as it was. That may be the reason they advised you...

UK QUESTION - Does anyone know how long the "pension unlock" process takes?

My husband had exactly this, and he too decided to 'cash in' -the whole thing only took a couple of months -I suppose it depends on the company..........good look!

...

Financial advisor.....?

I am not a financial advisor but I have my IRA/pension managed by Fidelity, and I've also talked to different financial advisors before I took my early retirement from where I worked. These c...

Should I roll my 401K from my soon-to-be previous employer into a traditional IRA?

By rolling your previous 401k into a traditional IRA, you then gain complete control over your investments. With a 401k you get to choose only among the limited choices provided by the plan. There...

Mysettlement of PensionClaim(FamilyPensionFund )A/c.is WB/5726/P-556. What is1)Code2)Estt.code3)region/SR...

Call West Bengal or place that is holding pension, those # could mean stocks they put your money in, or as for taking it out there may be a fee. You need to contact these people personally.

...