Aviva Pensions BlackRock World ex-UK Equity Index Tracker was the best one I could find with best rates on there for a family member.
Pension fund performance - do you monitor yours, how is it doing, do you actively change it?
- Thread starter danlightbulb
- Start date
Aviva Pensions BlackRock World ex-UK Equity Index Tracker was the best one I could find with best rates on there for a family member.
Soldato
I go with VHVG in both yeah. I might down the line add some bonds to my pension.
When can I transfer money out of Nest? | Nest pensions
You can transfer your money out of Nest at any time after you’ve stopped contributing into your Nest pension. Find out more in our member help centre
www.nestpensions.org.uk
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Quite similar actually. Not sure if it matters with the all world funds really.
I'm about 50/50 in vwrp and vuag in both.
But already (a few months) vuag is double the gains vs vwrp.
Yeah that's the same one I picked. I'll hope to be able to do a partial transfer in a few months if my SIPP is doing better but fees are quite simlar.
Man of Honour
Just checking in to make sure you haven't forgotten to do your SA for your pension tax relief. Not expecting as large a refund as last year, but still just under £1k due back to me.
Is there a deadline? I thought it was Oct (Paper) or Next Jan 25 (Online)?
Man of Honour
Well I can't do mine until I get my P60 - so it's always after the tax year. But I filed my 2023-2024 after April - just waiting for the payment to come through.
Man of Honour
lol SA equal refund what?
I owe them 4.5k this year
Self assessment.
Because of my pension contributions and tax bracket I can claim tax relief on them.
For the past half a dozen years I've always got a rebate.
How come you owe them so much?
I under called my income before the tax year started to take an interest free loan from HMRC
Done it on the 11th April and had my refund a couple of weeks later.
Man of Honour
I under called my income before the tax year started to take an interest free loan from HMRC
Oh that's clever! I like it!
Soldato
I'm starting to try to calculate how much income I need in retirement and how I plan to fund it, then I can work back from there to get some confidence about when I can retire.
My first task is research, I came across this website which provides estimates for income needed for various lifestyles:
www.retirementlivingstandards.org.uk
What are your thoughts on those estimates?
My first task is research, I came across this website which provides estimates for income needed for various lifestyles:
Home - PLSA - Retirement Living Standards
Home - The Retirement Living Standards have been developed to help us to picture what kind of lifestyle we could have in retirement.
What are your thoughts on those estimates?
Associate
I'm starting to try to calculate how much income I need in retirement and how I plan to fund it, then I can work back from there to get some confidence about when I can retire.
My first task is research, I came across this website which provides estimates for income needed for various lifestyles:
Home - PLSA - Retirement Living Standards
Home - The Retirement Living Standards have been developed to help us to picture what kind of lifestyle we could have in retirement.
What are your thoughts on those estimates?
It says a 'Moderate' couple in retirement need £3500 a month.
That sounds high to me, unless it's assuming they will still be paying mortgage/rent.
Sounds about right to me. Maybe a bit high.
Actually, thinking about that. I'd say that's a tier up from modest when I look at our bills.
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Soldato
Expenses typically decrease in retirement unless you’re living beyond your means, compared to when you were working.
No kids, no mortgage, etc etc balances out with the extra holidays (depending on where of course), hobbies, days out etc.
Best approach is to take your current expenditure and knock off what you know won’t be there at retirement, and then add back on what you plan to spend on luxuries since your essentials will stay roughly the same.
You’ll only need £3.5k per month if you’re spending more than that now, for example.
No kids, no mortgage, etc etc balances out with the extra holidays (depending on where of course), hobbies, days out etc.
Best approach is to take your current expenditure and knock off what you know won’t be there at retirement, and then add back on what you plan to spend on luxuries since your essentials will stay roughly the same.
You’ll only need £3.5k per month if you’re spending more than that now, for example.
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Soldato
That's what I'm aiming for... a moderate life style at roughly 3k per month.
I have a bucket list of video games to play and then sell on ebay.
Need to get rid of some of my collections like yu-gi-oh cards etc, so that who ever is dealing with my estate don't have to deal with it.
I'll probably end up swing trading for periods of the day as a part time self employed job or even look at some gig work from fiiver or consultancy work just to keep me busy. I may sit here playing chess online with a glass of wine.
For me, retirement isn't likely to be the end of my working life, just the end of full time working and the ability of not having to do anything I don't want to..
I have a bucket list of video games to play and then sell on ebay.
Need to get rid of some of my collections like yu-gi-oh cards etc, so that who ever is dealing with my estate don't have to deal with it.
I'll probably end up swing trading for periods of the day as a part time self employed job or even look at some gig work from fiiver or consultancy work just to keep me busy. I may sit here playing chess online with a glass of wine.
For me, retirement isn't likely to be the end of my working life, just the end of full time working and the ability of not having to do anything I don't want to..