I think as well any currently held vanguard funds will be transferred as is not as cash.
Pensions - SIPP
- Thread starter nam
- Start date
Yep, my Vanguard fund was transferred 'as is' whilst my other non Vanguard fund was sold first then transferred as cash.
Hi there
OK thanks for the advice everyone.
I know my current pension is invested amongst a lot of different areas, no doubt a few Vanguard options in there.
So when I do the transfer, if say 20k is in Vanguard funds, they will move to that but if the other 100k is in various other funds it will come across as cash and I can then select what fund to put that in?
Any advice as to what is a good place to put the money, or just place it all in the "Target 2040 retirement fund" option?
I don't want to be messing with it, be nice to pretty much leave it alone and if it yields 10-20% per year would be great, but it is nice that via the website portal I can monitor it easily but also setup a recurring payment and make one off payments when I like, my current provider it all has to be over the telephone and that is not for me, plus the charges are quite high.
OK thanks for the advice everyone.
I know my current pension is invested amongst a lot of different areas, no doubt a few Vanguard options in there.
So when I do the transfer, if say 20k is in Vanguard funds, they will move to that but if the other 100k is in various other funds it will come across as cash and I can then select what fund to put that in?
Any advice as to what is a good place to put the money, or just place it all in the "Target 2040 retirement fund" option?
I don't want to be messing with it, be nice to pretty much leave it alone and if it yields 10-20% per year would be great, but it is nice that via the website portal I can monitor it easily but also setup a recurring payment and make one off payments when I like, my current provider it all has to be over the telephone and that is not for me, plus the charges are quite high.
Soldato
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Yeah, transfer it in, prefer cash where it lets you, if anything ends up not transferring as cash just sell it, then bung the whole pot in target 2040.
If like me you don't plan to mess, the Target Retirement Fund are ideal, depending on how long you have left the risk will start high and will reduce as you come nearer retirement.
Good that makes things easy, also daft question if I bung everything into the 2040 fund but say I decide to retire at 2038 if legally allowed, I assume that won't be an issue?
Well if all goes well I plan to retire as at 57 if the rules don't change, which will be 2036, so the 2035 is probably my best bet actually.
Just remember with the Target Retirement funds the closer to retirement date the less agressive they become. So 2035 probably has more bond allocation than the 2040. It is down to your risk tolerence if you are happy with that. Personally if I was 15 years from retirement I wouldn't be in a fund with 25%-30% bonds, but obviously the more exposure to stocks, the more risk (and hopefully reward)
Interesting the 2035 and 2040 both have a 4/7 risk rating.
2035 is 31%bonds,2040 is 26%.
I'm still all in the FTSE Global fund and I'm 57
Current plan is to start getting a bit more cautious in my 60's, but even then might still only be an 80/20 fund.