The FTSE

[GornikDaze]

well the 1904 one with City recently went for 20k!

No history my arse!!

 

[journolud]

Do people have any thoughts about US v China funds, both did well last year but China comfortably better than US

 

[west didsblue]

Do people have any thoughts about US v China funds, both did well last year but China comfortably better than US

I’d go 50:50 and hedge your bets.

 

[hampshireblue]

Yeah it's difficult to know what is best, I am under the upper tax thresh hold so don't pay the 40%, I have maxed out the company pension with me and my employer both putting in 9% each at this point, The money I want to put away is soley for retirement so i have no plans on touching it for at least the next 12 years.

Assuming you haven't gone through the life time allowance on your pension, there's mothing to stop you opening a SIPP and still getting tax relief on your contributions. you can do this upto a max of £40k including your other and Kompany contributions. Indeed anyone, even without any employment can pay upto £2800 iirc into a pension and the govt will top up to £3600 each year. It's free money from the govt.

 

[west didsblue]

Assuming you haven't gone through the life time allowance on your pension, there's mothing to stop you opening a SIPP and still getting tax relief on your contributions. you can do this upto a max of £40k including your other and Kompany contributions. Indeed anyone, even without any employment can pay upto £2800 iirc into a pension and the govt will top up to £3600 each year. It's free money from the govt.

Does Vinny pay into your SIPP?

 

[DenisLawBackHeel74]

Watched some of the NIO day live stream earlier....ET7 with a 150kw battery delivering 1000km range and 650bhp....just amazing.

 

[Wafty Cranker]

Yeah it's difficult to know what is best, I am under the upper tax thresh hold so don't pay the 40%, I have maxed out the company pension with me and my employer both putting in 9% each at this point, The money I want to put away is soley for retirement so i have no plans on touching it for at least the next 12 years.

I’m not too sure what you mean when you say you’ve maxed out the pension. If you’ve claimed the full £40k relief this year, you know you can bring forward any allowance unused from the previous 3 years.

If you just mean the you’ve put in the full % into your company pension, you might want to double check that. The company may only match up to 9%, but you’ll probably find you can still contribute more and get the tax relief, but your company won’t match it.

 

[Broken Biscuits]

Sorry to divert the thread but I have pretty much every city programme home and away to 1945 and about 200 pre war. I also have 4000 West Ham programmes, 2000 arsenal and about 1000 Chelsea. I have every Fa cup final post war and about 20 pre war (many doubles) and also I collect old shoot magazines (1716 to collect and I have 1400). I have every champions league final and league cup final programme and most World Cup final programmes back to 1930z All stored well and I am 44 and plan is to leave for ten / fifteen years and I will selll at fairs and events as a hobby. I enjoy owning something tangible once i have made a Profit on the shares as otherwise it feels like roulette where eventually you lose. I was lucky enough to get into property when I used to get mortgages on a self cert basis (basically I lied about what I was earning and borrowed like fuck when I was young) and fell very lucky on timings between 2000 and 2007 and it left me in a decent position but years of issues with tenants have soured it a bit for me as it upsets me seeing people trash properties and the tax rules have fucked it in recent years . A lot of mine were piss poor terraces in stoke and Oldham that I am now trying to get shot of for a simpler life. The shares are better at times as you are not having to deal with people and broken boilers!!!

Property programmes and shares!

Diversification. Mind you I spend fuck all so dont really need anything.

Completely agree, I’ve built houses all over the world and once the euphoria of creating something to be proud of wears off, inevitably the hassle starts. Shares are just a means to an end for me and it‘s what you can provide for the important people around you with the returns that make them worthwhile.

There’s nothing better than coming from nothing and achieving something so be proud of your achievements mate because plenty out there will say it’s just luck because they didn’t get off their backsides and have a go.

Let‘s hope there‘s still gains to be made from shares, properties continue to appreciate in value and you can put your energy into something that you enjoy, that’s what will have made all the stress worthwhile and if those around you get looked after and we can all get back to watching City safely with our mates then you’ll have cracked it mate.

 

[abu13]

I’m not too sure what you mean when you say you’ve maxed out the pension. If you’ve claimed the full £40k relief this year, you know you can bring forward any allowance unused from the previous 3 years.

If you just mean the you’ve put in the full % into your company pension, you might want to double check that. The company may only match up to 9%, but you’ll probably find you can still contribute more and get the tax relief, but your company won’t match it.

Yeah it's the 2nd one i'm afraid, I am putting in 9% and the company matches it, I can put more in if I want and this is what I was planning to do.

Basically the mortgage is up in Feb and I will be £660 a month better off, as I am used to paying this out every month I want to ensure I am doing something with it rather than it just becoming part of the monthly household spend.

It is either going into a Pension or investments, As long as it is working for me I will be happy :)

 

[hampshireblue]

There's an article today in the times about pensions. I didn't know that charges on a Kompany pension are capped at 0.75%. If you're going to stay with your employer I'd be upping the amount into my K pension. Is it a DB or DC scheme?

 

[Millwallawayveteran1988]

Do people have any thoughts about US v China funds, both did well last year but China comfortably better than US

The best fund was Baillie Gifford American so if you picked the right funds, the US was the right place to be. China did well too though.

 

[abu13]

There's an article today in the times about pensions. I didn't know that charges on a Kompany pension are capped at 0.75%. If you're going to stay with your employer I'd be upping the amount into my K pension. Is it a DB or DC scheme?

As I understand it, my pot keeps building over the years and then I have the standard options of buying an annuity, doing a draw down or taking it as cash. Is this a DC?

My plan at the moment is to use the drawdown.

 

[Tommy_Catons_Perm]

Assuming you haven't gone through the life time allowance on your pension, there's mothing to stop you opening a SIPP and still getting tax relief on your contributions. you can do this upto a max of £40k including your other and Kompany contributions. Indeed anyone, even without any employment can pay upto £2800 iirc into a pension and the govt will top up to £3600 each year. It's free money from the govt.

I think it's more precisely £2,880 that can be paid into the pension and tax relief at basic rate of 20% can be claimed to give £3,600 (1.25 x 2,880 = 3,600).

 

[Millwallawayveteran1988]

Yeah it's the 2nd one i'm afraid, I am putting in 9% and the company matches it, I can put more in if I want and this is what I was planning to do.

Basically the mortgage is up in Feb and I will be £660 a month better off, as I am used to paying this out every month I want to ensure I am doing something with it rather than it just becoming part of the monthly household spend.

It is either going into a Pension or investments, As long as it is working for me I will be happy :)

There might still be some strong benefit in pensions if you can get the company to agree to salary sacrifice for you. Some companies will pay in their saved National Insurance contributions too.

If you sacrificed £10k gross for example that’s a NI saving to the company of almost £1400 so they may throw that in. You are also getting the tax relief and NI saving yourself.

Worth looking into.

 

[abu13]

There might still be some strong benefit in pensions if you can get the company to agree to salary sacrifice for you. Some companies will pay in their saved National Insurance contributions too.

If you sacrificed £10k gross for example that’s a NI saving to the company of almost £1400 so they may throw that in. You are also getting the tax relief and NI saving yourself.

Worth looking into.

Thanks for the advise, the company do offer salary sacrifice and I have taken this up.

 

[Skip Donoghue]

Watched some of the NIO day live stream earlier....ET7 with a 150kw battery delivering 1000km range and 650bhp....just amazing.

Was great, once we got past all the singing Chinese and hullabaloo

We knew about the 150kwh battery, but we didn't know it would be solid state, this is huge, solid state batteries are the next gen and many including Tesla have been trying to get to the bottom of this tech for a while, for NIO to announce they have it in production puts their tech ahead of Tesla when it comes to batteries, let's hope this will push on the SP next week, hoping to see 65/70 then a pullback to around 63/64 before the next big jump

 

[Bluemanc100]

As I understand it, my pot keeps building over the years and then I have the standard options of buying an annuity, doing a draw down or taking it as cash. Is this a DC?

My plan at the moment is to use the drawdown.

I’ve been debating what to do with a £100k pot and think I’ll go down the drawdown route.. I still need to find a financial advisor though to be sure.. it’s only a top up pension but I want to do the right thing

 

[M18CTID]

The best fund was Baillie Gifford American so if you picked the right funds, the US was the right place to be. China did well too though.

I mentioned earlier in the thread that I’m into Baillie Gifford American. It’s my main fund, but I’ve also recently bought some of Baillie Gifford China, and also this last week or so I’ve set up Baillie Gifford Pacific. Some of the recent rises in the BG funds have been unreal as we’ve discussed on here and while I wouldn’t expect them to continue rising like that, I’d like to think my portfolio can comfortably outstrip the 7% annual increase that is often talked about as a ballpark figure for pension funds.

 

[Millwallawayveteran1988]

I mentioned earlier in the thread that I’m into Baillie Gifford American. It’s my main fund, but I’ve also recently bought some of Baillie Gifford China, and also this last week or so I’ve set up Baillie Gifford Pacific. Some of the recent returns have been unreal as we’ve discussed on here and while I wouldn’t expect them to continue rising like that, I’d like to think my portfolio can comfortably outstrip the 7% annual increase that is often talked about as a ballpark figure for pension funds.

Baillie Gifford have had a really good 12 months (They are very heavy in Tesla though which has helped hugely!)

I have a few of their funds and all have done extremely well. I don’t have America though sadly but do have the Positive Change one which is up 88% in 12m, (although I haven’t held it as long as that)

They are very growth stock orientated though which has been in favour. Value funds are showing signs of making a comeback so maybe things will flip going forward.

 

[Rammy Blue]

I mentioned earlier in the thread that I’m into Baillie Gifford American. It’s my main fund, but I’ve also recently bought some of Baillie Gifford China, and also this last week or so I’ve set up Baillie Gifford Pacific. Some of the recent rises in the BG funds have been unreal as we’ve discussed on here and while I wouldn’t expect them to continue rising like that, I’d like to think my portfolio can comfortably outstrip the 7% annual increase that is often talked about as a ballpark figure for pension funds.

What platform do you use for purchasing and holding the funds?