pensions

Discussion in 'General Discussion' started by Ruth, Jun 23, 2004.

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  1. Ruth

    Ruth Registered User

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    pensions

    can anyone reccomend a decent one, i'm 25 & think its about time, well actually its past time but better late than never

    please help me i'm rubbish when it comes to things like this! :) :oops:
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  3. Congay

    Congay Registered User

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    all pensions are a risk

    also if u die all funds go back to the company NOT your family.

    buy a house instead
  4. Ruth

    Ruth Registered User

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    thanks for the sound advice pike...don't really want to buy a house tho cos i don't plan on being round here after the next 2 yrs... :)
  5. Congay

    Congay Registered User

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    then wack it in a high interest account, thats still better than a pension imo
  6. Ruth

    Ruth Registered User

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    whats one of those? :dunce:
  7. Congay

    Congay Registered User

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    just like a savings account but the bext ones lock your money in for long periods of time

    more info : www.moneysupermarket.com
  8. BRID

    BRID Has name in red. Staff

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    Thats incorrect - it depends on what kind of pension you have.

    For instance, if you take out a pension with my company, you end up taking out a PERSONAL pension, for which the company makes contribution into - meaning if you die, only the people who you list are the beneficiaries.

    You can choose different types of pensions either - which are invested in different ways and have different returns of course.

    Either way, the best thing about pensions is that the company will match your contribution BEFORE tax, meaning if i paid 60 quid into a pension - with the tax added back on, thats more like 100 pounds, which the company doubles - so 200 quid a month being invested for only 60 pounds from you (apologies if you already know that)
  9. Congay

    Congay Registered User

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    BEST ADVICE.

    GO SEE A FINANCAL ADVISOR.

    :D
  10. Big Steve

    Big Steve Registered User

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    agreed i work with pensions but not enough to give advice its such a comlicated and important issue seeing a financial adviser is the best way
  11. Ruth

    Ruth Registered User

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    don't appologise all help is welcome, even pikes! ;) :lol:
  12. DoctorMick

    DoctorMick Registered User

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    I was thinking about a pension but i've decided on a high interest account instead as I don't have an employer to contribute to mine (well, i do but its me!).

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