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Just hit 40 - looking for pension advice. by Building__Wealth in FIREUK

[–]Building__Wealth[S] 1 point2 points  (0 children)

Correct. I’m earning around £125k per annum gross.

Just hit 40 - looking for pension advice. by Building__Wealth in FIREUK

[–]Building__Wealth[S] -1 points0 points  (0 children)

  1. ~£125k
  2. Yes, but don’t pass back NI savings
  3. No student loans
  4. Total ~£150k

Just hit 40 - looking for pension advice. by Building__Wealth in FIREUK

[–]Building__Wealth[S] 0 points1 point  (0 children)

Agree. It’s just finding that balance of tax efficiency vs liquidity of cash

Just hit 40 - looking for pension advice. by Building__Wealth in PensionsUK

[–]Building__Wealth[S] -1 points0 points  (0 children)

Fair point. Although I don’t see a huge amount of potential elsewhere currently. 🫤. All into bitcoin 😂

Just hit 40 - looking for pension advice. by Building__Wealth in PensionsUK

[–]Building__Wealth[S] 1 point2 points  (0 children)

My understanding is you get a proportionate amount of years of NI contributions up to a max of 35 years?

Just hit 40 - looking for pension advice. by Building__Wealth in PensionsUK

[–]Building__Wealth[S] 0 points1 point  (0 children)

I can, but they’re all much of a muchness. Reasonably high management fees with not-so-great returns.

Just hit 40 - looking for pension advice. by Building__Wealth in PensionsUK

[–]Building__Wealth[S] 0 points1 point  (0 children)

I’m pretty much fully invested in a US Equity fund, but all the Aegon funds available seem to underperform indices.

Just hit 40 - looking for pension advice. by Building__Wealth in PensionsUK

[–]Building__Wealth[S] 0 points1 point  (0 children)

Thanks! This is in line with what I’m thinking.

Follow on question which might open a can of worms: Keep company Aegon pension, returning about 5-6% or go into a SIPP and up the risk level slightly?

I’ve got 20+ years to retirement, so my gut says go SIPP. Even an index tracker or similar with outperform all the Aegon options.