Selestia is a fund platform giving access to a wide range of investment funds.
geoffnye is right to say that the exit penalty is unavoidable, unless of course you leave the pension where it is. In reality this penalty may be a market value reduction which simply means that the fund hasn't...
Friends Provident have for some time been a publicly listed company so there is no demutualisation payout coming which would be the only reaosn I can think of to whoop with joy.
However depending on the type of endowment and when you held it, you may have received Friends Provident shares...
On 6th April all PEP/TOISA/Mini Cash ISAs and ISAs become just ISAs. This means that cash based ISA such as a TOISA or Mini Cash ISA can be transferred into an invested ISA.
I use the term invested ISA rather than equity ISA deliberately as their are so many asset...
What you describe is the gifted deposit scheme which has been in the news recently and not for good reasons.
It is hard to give firm advice based on what you have written but it sounds as if the lender has reduced the amoun they are willing to lend. This is likely to be...
Also be clear about why your friend thinksthat an investment trust is better for you than a unit trust. It is not true to say that investment trusts are better than unit trusts for everyone and so I'd be interested to understand the...
You are correct in thinking that from next tax year the tax relief will be less and so if you are going to make this investment then there is an incentive to do it this tax year. Be careful to get the contribution in in time as some pension providers require the funds to clear before the 5th...
It is difficult to give specific advice about your situation without more detail so bear with my general comments.
I think you are using the term PIP as the shorthand for Personal Investment Plan which if I am thinking of the right bank is a flexible endowment. You can pay in...
It should be very easy, although we will only know from 6th April onwards. In terms of cost it depends what you are buying.
Most unit trust/OEIC funds will carry an upfront charge of 3-5% depending on whether you choose the fund yourself or pay commission to an adviser. Much of that...
Interesting post, my comments assumed the average situation where women can get a poor deal as they have the lesser pension entitlement. Congratulations must go to you for managing to provide for your retirement and particularly for finding a final salary pension scheme....
Selestia is a fund platform giving access to a wide range of investment funds.
geoffnye is right to say that the exit penalty is unavoidable, unless of course you leave the pension where it is. In reality this penalty may be a market value reduction which simply means that the fund hasn't...
Adam
I assume you are suggesting transferring your existing Cash ISA into a Stocks and Shares ISA? If so there are several things to bear in mind.
You have a long-term time horizon, you mention 33 years, so you can probably afford to take full equity risk but please be aware that...
Friends Provident have for some time been a publicly listed company so there is no demutualisation payout coming which would be the only reaosn I can think of to whoop with joy.
However depending on the type of endowment and when you held it, you may have received Friends Provident shares...
In short yes.
On 6th April all PEP/TOISA/Mini Cash ISAs and ISAs become just ISAs. This means that cash based ISA such as a TOISA or Mini Cash ISA can be transferred into an invested ISA.
I use the term invested ISA rather than equity ISA deliberately as their are so many asset...
What you describe is the gifted deposit scheme which has been in the news recently and not for good reasons.
It is hard to give firm advice based on what you have written but it sounds as if the lender has reduced the amoun they are willing to lend. This is likely to be...
Please don't give up on all of us.
Also be clear about why your friend thinks that an investment trust is better for you than a unit trust. It is not true to say that investment trusts are better than unit trusts for everyone and so I'd be interested to understand the...
You are correct in thinking that from next tax year the tax relief will be less and so if you are going to make this investment then there is an incentive to do it this tax year. Be careful to get the contribution in in time as some pension providers require the funds to clear before the 5th...
John
It is difficult to give specific advice about your situation without more detail so bear with my general comments.
I think you are using the term PIP as the shorthand for Personal Investment Plan which if I am thinking of the right bank is a flexible endowment. You can pay in...
It should be very easy, although we will only know from 6th April onwards. In terms of cost it depends what you are buying.
Most unit trust/OEIC funds will carry an upfront charge of 3-5% depending on whether you choose the fund yourself or pay commission to an adviser. Much of that...
Athena.
Interesting post, my comments assumed the average situation where women can get a poor deal as they have the lesser pension entitlement. Congratulations must go to you for managing to provide for your retirement and particularly for finding a final salary pension scheme....