Pension fund performance - do you monitor yours, how is it doing, do you actively change it?

I'm on 1.16k per month + yearly four figure bonus for my pension
250 per month mortage over payments
250 per month to reg savers
50 per month to savers
300 per month to my vanguard isa
50 per month to my t212 isa
50 per month to work share save
150 per month to work share plan.

make hay when the sun is shining..
 
slinxy said:
I'm on 1.16k per month + yearly four figure bonus for my pension
250 per month mortage over payments
250 per month to reg savers
50 per month to savers
300 per month to my vanguard isa
50 per month to my t212 isa
50 per month to work share save
150 per month to work share plan.

make hay when the sun is shining..
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I was on 1900 a month
But should probably say 1400 as the 400 regular saver gets spent at term end on holidays and stuff.

500 pension
1000 s&s isa/cash isa.
400 regular saver

This year I'm going to drop to 1000 a month

500 pension
100 isa.
400 regular saver.
 
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413x said:
I was on 1900 a month
But should probably say 1400 as the 400 regular saver gets spent at term end on holidays and stuff.

500 pension
1000 s&s isa/cash isa.
400 regular saver

This year I'm going to drop to 1000 a month

500 pension
100 isa.
400 regular saver.
Click to expand...
The only reasons why I'm dropping that much into the pension is that I didn't start my pension till I was 30... the three pots that I have, two of them are DB pensions and it keeps be below the 40% tax bracket.

yes I can pay more towards my ISA but it means pulling cash out of something else... my mortage is only 4.01% but I want to get the monkey off my back ASAP... yeah I could make more in the market than 4.01% but then again it could crash.
 
slinxy said:
The only reasons why I'm dropping that much into the pension is that I didn't start my pension till I was 30... the three pots that I have, two of them are DB pensions and it keeps be below the 40% tax bracket.

yes I can pay more towards my ISA but it means pulling cash out of something else... my mortage is only 4.01% but I want to get the monkey off my back ASAP... yeah I could make more in the market than 4.01% but then again it could crash.
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Behind in mine too really. Didn't really add much back in my earlier years
 
Irish_Tom said:
That £100/month isn't my only savings.

I'm putting away £850/month into my pension, I'm saving £100/month into my child's pension, and another £100/month into their S&S ISA. Plus a general cash pot.

With my next raise, I'm not planning to increase my pension contributions, so I could increase the DD into my S&S ISA, but it would be quite nice to have some 'spare' cash for once. :p
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I see, my pension is with nest its only slightly over £100/month, to take advantage of employer contributions mostly.

Then im close to maxing out the ISA allowance, once i do that, it will be taxable account after.
 
Yeah I bet they do. :cry:


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platinum87 said:
The tax relief is not worth the age restriction for me.

I think as the value of monthly savings increases, the pension loses appeal.
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Not finding this personally. Pension investments cover 55+ retirement period. Investments outside pension cover potential retirement period prior to 55.
 
EvilRob said:
Not finding this personally. Pension investments cover 55+ retirement period. Investments outside pension cover potential retirement period prior to 55.
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I meant in terms of additional contributions.

Principal is, to be under the higher tax allowance, minus state pension + other income

Over 20-30 years that is achieveable quite easily with minimal contributions with an employer match.

I likely will top it up more, as for me personally i was self employed for a while, in addition auto enrolment figures were too low previously, they are higher now.
 
platinum87 said:
I meant in terms of additional contributions.

Principal is, to be under the higher tax allowance, minus state pension + other income

Over 20-30 years that is achieveable quite easily with minimal contributions with an employer match.

I likely will top it up more, as for me personally i was self employed for a while, in addition auto enrolment figures were too low previously, they are higher now.
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Are you planning to retire prior to state pension age though? I am, and so private pension needs to pick up the slack for however many years before SP kicks in. Obviously, drawing down proportionally more early into retirement can have a big impact on growth.

If you retire prior to SPA I make that you can draw down £67k a year from private pension before paying higher rate tax (25% will be tax free). At a 4% withdrawal rate that would require a £1.68m pot. OK, you might withdraw at a higher rate than 4% initially. 6% before SPA kicks in. That's still a £1.1m pot.
 
EvilRob said:
Are you planning to retire prior to state pension age though? I am, and so private pension needs to pick up the slack for however many years before SP kicks in. Obviously, drawing down proportionally more early into retirement can have a big impact on growth.

If you retire prior to SPA I make that you can draw down £67k a year from private pension before paying higher rate tax (25% will be tax free). At a 4% withdrawal rate that would require a £1.68m pot. OK, you might withdraw at a higher rate than 4% initially. 6% before SPA kicks in. That's still a £1.1m pot.
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No plans to retire at the moment.

I understand your reasoning don't disagree

I totally forgot about 25% tax free.

This sort of thing is on a per person basis.

IMO only ultra basic points are.

1) Invest in high growth 100% equity, ideally Nasdaq 100, if cant, S&P500 will do.
2) Get employers contribution for sure
 
platinum87 said:
the 25 year old who has 9300 in his pension, works average job like superivsor in tesco/sainsburies etc, age 45 they will have around 300k-400k pension

You cannot use those figures for comparison, best ignore them
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These numbers are the average pension holders pension balance by age range for pension holders in nutmeg.

A limited pool of data. But there are a few other pension providers than have similar numbers.

Unfortunately most people aren’t Tesco supervisors let alone professionals in IT earning over 100k.

The average salary is still only what 33k?

In 15 years there is going to be a crisis for old people much worse than now..
 
platinum87 said:
the 25 year old who has 9300 in his pension, works average job like superivsor in tesco/sainsburies etc, age 45 they will have around 300k-400k pension

You cannot use those figures for comparison, best ignore them
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I dunno

If you're 30 and earn let's say 40k every year for most of your life
And you put in 4pc matched salary (8pc)
And you work 30 years more years

Round those figures up a bit to say 300 per month contribution at 5pc return per year

You'd get to 300k at 60 years old.
 
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