I'll check my results when this thread has petered out. I'm encouraged at the paucity of payouts achieved by other CL members so far. With every measly prize, or absence thereof, it's looking more and more promising
In the last couple of years I’ve been able to put some money away in an ISA with Vanguard and I’ve been impressed with them. I currently have my pension with Standard life and get charges of about £4,000 per year. I’m pretty much invested in US trackers with a couple of others thrown in. I’ve noticed the charges in a Vanguard SIPP are much lower and I think capped at £375. Worth switching? Seems like a no brainier but wondered if anyone had any thoughts to the contrary. I’ve overall been happy with Standard Life.
Have started the process of switching my pension to Vanguard, however have hit a snag. I have my own limited company, just me as the only employee and director. I currently put £500 a month into my pension via the company which also reduces my corporation tax. Vanguard don’t allow that so would have to pay from my personal account. I’d lose the tax break but then my £500 would be increased to £600 with the 20% tax relief. Struggling to figure out if there’s much of a difference either way especially as the charges are significantly less with Vanguard.
My calculations tell me if I switch I will end up with an extra £1,140 of corporation tax for the year but would have an extra £1,200 going into my pension. Then by being with Vanguard save about £2k in fund charges.???? Am I missing something?
In the last couple of years I’ve been able to put some money away in an ISA with Vanguard and I’ve been impressed with them. I currently have my pension with Standard life and get charges of about £4,000 per year. I’m pretty much invested in US trackers with a couple of others thrown in. I’ve noticed the charges in a Vanguard SIPP are much lower and I think capped at £375. Worth switching? Seems like a no brainier but wondered if anyone had any thoughts to the contrary. I’ve overall been happy with Standard Life.
Have started the process of switching my pension to Vanguard, however have hit a snag. I have my own limited company, just me as the only employee and director. I currently put £500 a month into my pension via the company which also reduces my corporation tax. Vanguard don’t allow that so would have to pay from my personal account. I’d lose the tax break but then my £500 would be increased to £600 with the 20% tax relief. Struggling to figure out if there’s much of a difference either way especially as the charges are significantly less with Vanguard.
My calculations tell me if I switch I will end up with an extra £1,140 of corporation tax for the year but would have an extra £1,200 going into my pension. Then by being with Vanguard save about £2k in fund charges.???? Am I missing something?
In the last couple of years I’ve been able to put some money away in an ISA with Vanguard and I’ve been impressed with them. I currently have my pension with Standard life and get charges of about £4,000 per year. I’m pretty much invested in US trackers with a couple of others thrown in. I’ve noticed the charges in a Vanguard SIPP are much lower and I think capped at £375. Worth switching? Seems like a no brainier but wondered if anyone had any thoughts to the contrary. I’ve overall been happy with Standard Life.
Have started the process of switching my pension to Vanguard, however have hit a snag. I have my own limited company, just me as the only employee and director. I currently put £500 a month into my pension via the company which also reduces my corporation tax. Vanguard don’t allow that so would have to pay from my personal account. I’d lose the tax break but then my £500 would be increased to £600 with the 20% tax relief. Struggling to figure out if there’s much of a difference either way especially as the charges are significantly less with Vanguard.
My calculations tell me if I switch I will end up with an extra £1,140 of corporation tax for the year but would have an extra £1,200 going into my pension. Then by being with Vanguard save about £2k in fund charges.???? Am I missing something?
Comments
Really been on a terrible run since I got them
and £50 for Father in law.
£1375 over 5xmax
That's the 3rd time this year I've drawn a blank on 22k.
Last year I totaled £1275 I'm nowhere near that so far this year.
Wife nothing (50k)
Son nothing (33k)
My calculations tell me if I switch I will end up with an extra £1,140 of corporation tax for the year but would have an extra £1,200 going into my pension. Then by being with Vanguard save about £2k in fund charges.???? Am I missing something?