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How much income will I need in retirement?
Rory |
Ham |
28/08/2020 |
7
Susie Bewell's Response
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As a retiree with spare cash, how can I invest outside of my pension?
Wilson |
ARL |
19/08/2020 |
1
- Stocks and Shares ISA
- Pension
Susie Bewell's Response
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I am looking for a new home for my SIPP. I am looking for a SIPP with low charges and which is easy to set up & run, as I am 75 now and keep forgetting I have dementia. Or do you think I should just leave it where it is?
Geoffrey |
South Yorkshire |
08/08/2020 |
0
Holly Mackay's Response
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The charges for my SIPP are around 1.5% per annum. When I look at other SIPP fees they are a lot lower than this. Am I paying over the top in charges?
Andrew |
Greater Manchester |
04/08/2020 |
1
Holly Mackay's Response
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I'm 50 now and hope to retire at 60. I have been paying into Vanguard Lifestrategy for a few months now. I have just 9.5 years to pay in and grow, do you think this is a long enough period to invest in or should I stick with cash if shares and bonds are likely to take a hit in a few years?
Richard |
Hull |
25/06/2020 |
41
- Online Investment Platforms
- Funds
- Pension
Holly Mackay's Response
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I really don’t like this market meltdown during the coronavirus outbreak. Should I sell and just get out?
|
19/03/2020 |
18
- Private Pension
- Stocks and Shares ISA
- Junior ISA
- Lifetime ISA
- Shares
- Robo Adviser
- Online Investment Platforms
- Funds
- GIA
- Pension
Holly Mackay's Response
-
Should I still make regular ISA and pension investments in the current COVID-19 turmoil? Or is it better saving to cash?
Andrew |
UK |
17/03/2020 |
5
- Private Pension
- Stocks and Shares ISA
- Cash
- Pension
Holly Mackay's Response
-
I'm thinking of moving into a drawdown SIPP, taking my 25% and leaving the rest invested until I need a regular income in my mid 60s. I am trying to find a financial adviser willing to review my plans, but they all want an ongoing relationship. Where can I find an adviser who will do a one off review? Also I am unsure whether financial investment protection is per fund or per SIPP.
Susan |
London |
16/07/2019 |
16
- Private Pension
- Pension
- Workplace Pension
Catherine Morgan's Response
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I have a small pension which I have not drawn on yet, and I am seriously thinking about cashing it in, as I’m worried Brexit will mean substantial losses. Would I be better off just leaving it where it is?
Anne |
South Yorkshire |
19/06/2019 |
0
Helena Wardle's Response
-
How can I find out how my Aviva SIPP pension is performing against the competition? I'm 51. The fund value is £161K and it was opened a year ago. Appreciate any tips.
Danny |
London |
30/05/2019 |
1
Holly Mackay's Response
-
I'm in my late 30s, have a mortgage, a baby, no outstanding loans or credit cards, three pensions, and two Cash ISAs. I’d like to invest to renovate our house, help fund our children’s education and help them onto the property ladder, and retire as soon as possible! I considered a LISA but thought I might be better paying off more of the mortgage. I'm also confused about using a platform for a Stocks and Shares ISA. Any advice would be appreciated! Keep up the good work, I’m impressed with how refreshingly approachable your website is.
Nick |
Berkshire |
29/05/2019 |
5
- Stocks and Shares ISA
- Junior ISA
- Lifetime ISA
- Pension
- Mortgage
Catherine Morgan's Response
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Hello, I already have a workplace pension. Can I also have a private pension? If so, I have a LISA as well. Can I have all three in place?
Precious |
Surrey |
23/05/2019 |
0
- Private Pension
- Lifetime ISA
- Pension
- Workplace Pension
Phoebe Smith's Response
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I am a self-employed 55 year old, with only a state pension. What can I do to increase my money for retirement?
Sandra |
Dumfries and Galloway |
21/05/2019 |
1
- Private Pension
- Stocks and Shares ISA
- Lifetime ISA
- State Pension
- Pension
- Workplace Pension
Helena Wardle's Response
-
We have just retired to France. Our pensions cover our expenses but we also have £230k which we would like to invest for a monthly income. Could you please explain the low-risk options we might want to consider?
Keith |
France |
10/05/2019 |
2
- Private Pension
- Stocks and Shares ISA
- Online Investment Platforms
- Pension
David Stone's Response
-
When I retired in 2018, I considered consolidating my pensions for income drawdown. Recently I spoke to an advisers aligned to the investment philosophy of Albion Strategic Consulting, but was scared off again. I understand the basics, but am now totally unsettled as to the direction I should take and if, at such a critical stage, I should invest in an IFA on a regular basis.
Rob |
Hertfordshire |
20/03/2019 |
3
Holly Mackay's Response
-
If my son increases his pension contribution, I have read it may affect the amount he can borrow on a mortgage. Is this correct? Should he take a SIPP out as well? Is there any advantage in maxing out his managed Nutmeg Lifetime ISA in the next financial year?
Richard |
Hertfordshire |
06/03/2019 |
3
- Private Pension
- Stocks and Shares ISA
- Lifetime ISA
- Pension
- Mortgage
Holly Mackay's Response
-
I am 65 and still working. I have a workplace pension, which was closed and replaced with a retirement saver pension. I contribute to this via salary sacrifice. I also have a personal pension serviced by an IFA. Should I move my personal pension fund to a SIPP provider at this late stage of my life? I would like to consolidate the workplace retirement saver and personal pension fund together and manage it myself.
Den |
South Yorkshire |
27/02/2019 |
0
- Private Pension
- Pension
- Workplace Pension
Helena Wardle's Response
-
Trying to get a bit more pro-active with my pension. If my money had been in an online managed fund like Nutmeg for example, is it reasonable to assume that as the markets fell last year the funds would have been managed in real(ish) time to limit the damage? If so, is it therefore a no-brainer to transfer my pension to an online managed pension or is it not quite as simple as that?
David |
London |
08/02/2019 |
3
- Private Pension
- Robo Adviser
- Pension
Lesley James's Response
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Hello, I really enjoy your website and find it useful and concise. My question is, what is meant by long term savings? I am 54, so what should I consider to be an appropriate time frame for any investment I make, that could supply the best results?
Jennifer |
Essex |
16/01/2019 |
11
- Online Investment Platforms
- Funds
- Pension
Anna Sofat's Response
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I have an old pension and they have written to me saying that they are going to enhance my pension if I transfer it out. The company is also offering free independent advice. I have £117,000 in the pension at the moment, which would give me £6400 a year at 65. I am 61 in April and would like to finish work at that point. I am not sure how much extra they will give me. Have you any ideas or suggestions to help me decide? Thanks.
Nicholas |
Carmarthenshire |
04/01/2019 |
3
- Pension
- Workplace Pension
Lesley James's Response
-
My wife and I have recently separated. The equity in the house is going to be split 50/50. We don't have any other meaningful assets. We have agreed to co-parent the children equally. My wife is requesting that I pay child maintenance, child care and school expenses. A CMS document states that shared child care results in no child maintenance payments. However, I do agree with the child care and school expenses payments. Our daughter has Autism Spectrum Disorder, so my wife gets a Disability Living Allowance for her and also works full time. If I don't pay the child maintenance, child care and school expenses, my wife is threatening to claim spousal maintenance, and take half my pension. Should I pay the £350/month or take my chances in court?
D |
Lincolnshire |
03/09/2018 |
1
Catherine Morgan's Response
-
I am 73 and cautious. There are two areas that your advice would be helpful..what if you just spend thousands on buying the gold standard footsie companies like shell and the rest and keep them for five years and then cash them in ?
DB |
UK |
24/07/2018 |
6
- Robo Adviser
- Online Investment Platforms
- Funds
- Pension
Holly's Response
-
My wife needs to set up a SIPP with a good value, low cost, low maintenance underlying investment portfolio. We want a good mobile app from a well respected provider. Where can we see the options and directly compare historic returns so we can make a decision?
Guy |
Hertfordshire |
17/07/2018 |
1
Richard Allum's Response
-
I was considering applying for Individual protection 2016, which I understand would give me an LTA of £1,021,390.
However, following the inflation rise of the Lifetime Allowance, it seems the LTA is now at £1,030,000. It now seems pointless applying for Individual protection 2016.
Have I got this right?
David |
London |
12/06/2018 |
0
Richard Allum's Response
-
If I take a lump sum from my pension at age 55, what is the rate of tax after the first 25%?
Judy |
UK |
17/05/2018 |
1
Helena Wardle, Certified Financial Planner's Response
-
How long does it take to release money from your pension at 55 years old?
Diane |
West Yorkshire |
01/05/2018 |
1
Helena Wardle, Certified Financial Planner's Response
-
Do you have information on taking your pension pot before retirement? My husband is 62, on a final salary scheme & is trying to get clear information on it.
Jo |
17/04/2018 |
3
- Pension
- Workplace Pension
Helena Wardle's Response
-
Hi, I've got an old D.B. pension, approximate value £12k. I would like to invest & top up each month. Who would you recommend? Also I would like to make an investment, & don't know where to start?
Thanks
Eve |
04/04/2018 |
5
Helena Wardle's Response
-
My question is about my wife's pension valuation in a divorce situation.
She is on a final salary scheme working for a national charity organisation. I feel the CETV value is too low and certainly does not take into account the inbuilt benefits such as guranteed final salary, life insurance.
Jay |
UK |
12/02/2018 |
1
Richard Allum's Response
-
I am a 59 yr old retired lady with no income but I have reasonable equity..is it worth starting a pension or is it too late?
LL |
Norfolk |
06/02/2018 |
2
Cherry Reynard's Response
-
Hi, If I take a lump sum from my pension at age 55, what is the rate of tax after the first 25% ??
Gareth |
Hampshire |
26/01/2018 |
0
Helena Wardle, Certified Financial Planner's Response
-
Can losses in a pension SIPP be offset against anything?
Henryk |
Hampshire |
17/01/2018 |
1
Cherry Reynard's Response
-
I am a 59 yr old retired lady with no income but I have reasonable equity..is it worth starting a pension or is it too late?
LL |
Norfolk |
10/11/2017 |
2
- Private Pension
- Shares
- Pension
Cherry Reynard's Response
-
If I were retired and drawing my pension, can I earn an income from doing some sports coaching too? If so, how much can I earn without it affecting my pension?
Thanks
Charlotte |
Devon |
07/11/2017 |
0
Boring Money's Response
-
Please help me. Choosing a pension from Aviva. It asks if I want growth or income? Which one do I choose ? I'm 46 .
Ria |
Greater London |
11/09/2017 |
9
Holly Mackay's Response
-
I've got £20,000 from an endowment policy (astonishing, I know), and I'm looking into how best to invest to get a reasonable return without excessive risk. Any thoughts much appreciated!!
Penny |
Peterborough |
09/08/2018 |
1
- Stocks and Shares ISA
- Cash
- Online Investment Platforms
- Life Insurance
Boring Money's Response
-
Why should I bother with paying into a pension at my age of 55 years now when I have never had one?
Tee |
Greater London |
07/09/2017 |
7
Cherry Raynard's Response
-
Can I sort a pension out myself online?
Sharon |
Greater London |
07/09/2017 |
0
- Pension
- Workplace Pension
Boring Money's Response
-
How much should I insure my life for?
Femi |
Greater London |
07/09/2017 |
1
Holly Mackay's Response
-
What might a savings pot of £100,000 get me as a retirement income?
Aboodi |
Greater London |
06/09/2017 |
2
Holly Mackay's Response
-
Pensions vs ISA - which one is best?
Roderick |
Greater London |
06/09/2017 |
0
- Stocks and Shares ISA
- Junior ISA
- Lifetime ISA
- Pension
Holly Mackay's Response
-
How much does life insurance cost?
Christina |
Greater London |
06/09/2017 |
0
Holly Mackay's Response
-
What are the changes with pension annuities? My mother in law has asked as her retirement is looming. I've read in the press it's changing but it all feels confusing. I just need some simple clear advice. Thanks
Keith |
Greater London |
06/09/2017 |
2
Cherry Raynard's Response