Pensions Pensions Pensions

If you want to do it yourself then you just need to set up a SIPP. Self invested pension plan.
That’s a private pension.
Some companies will pay into your sipp from your wages.
In a SIPP you can buy and sell shares as normal and will be tax free . You have a life time allowance of currently £1million and seventy thousands. You only start to pay tax when you go above this on your sipp but only when you start to draw down on above this figure.
Most people will take 25% tax free from there pension when they retire. So 25% of your pot basically. So £1070000 of this can be tax free.so 25% of this ….The basic aim of a pension is to have enough money to last 20 years. So for example if you had 200000k then you can pay yourself 10k per year.
Most financial adviser will use prudential and look to grow your pot around 3% per year and they will charge 0.5% per year for this.
I’d personally will do this myself as I don’t trust any financial people as I’d rather trust myself.
Hope that make sense .
If your looking for specific companies then I don’t know..
Remo

Hi all,

Just wanted to know if anyone knows, or recommend any pension schemes etc...

I am totally lost on this topic and want to set up something for my self....

Any advice or pointers would be of much help

ta
G