Page 1 of 1
Pensions
Posted: Fri 28 Jun, 2013 9:40 am
by valpendleton
Good morning fellow framers. Can any of you recommend a private pension scheme for the self-employed, please ? One that preferably doesn't have massively hiked fees / charges.
Thanks in advance.
Re: Pensions
Posted: Fri 28 Jun, 2013 10:05 am
by Framie
put it under your floorboards it will be safe there
Re: Pensions
Posted: Fri 28 Jun, 2013 2:59 pm
by prospero
Premium Bonds.
Re: Pensions
Posted: Fri 28 Jun, 2013 5:32 pm
by Tim
I've never had so much spare cash that I'd have been willing to pay someone else to look after it for me.......
Re: Pensions
Posted: Sat 29 Jun, 2013 12:07 am
by prospero
I had a pp for years and paid about 200 a month into it. I got to the point of thinking about all the cash that I was pouring into it and what I could have done with it.
So when I turned 50 I opted out - got a lump sum and a monthly payment which isn't a fortune. All pension companies do is invest the money for you. Why not invest it in a business that you have complete control over. Your own.
Re: Pensions
Posted: Tue 08 Apr, 2014 10:11 am
by Kwik Picture Framing
I've always been a great believer of looking after your own money.. providing you have the self control not to spend it. ISAs are sometimes good, depending on the return, or buying shares or premium bonds. A pension company will take a cut, at least even if you only get a small amount of interest from wherever you invest you will get to keep it.