Pensions

Gareth Barry Conlon said:


The bubble can't get much bigger can it? It's fkin huge...
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Maybe it's just time to take profits if you're worried. Coming out of the market completely means at some stage you have to go back in and timing that is tough. The only thing I have to worry about is my ISA and I may take some profit there soon.

My SIPP is protected as I have 3 years of income earning 5% in the cash fund so the rest of the portfolio is left to the markets. If they fall, I've got 3 years before needing to worry about it.
 
hampshireblue said:
Maybe it's just time to take profits if you're worried. Coming out of the market completely means at some stage you have to go back in and timing that is tough. The only thing I have to worry about is my ISA and I may take some profit there soon.

My SIPP is protected as I have 3 years of income earning 5% in the cash fund so the rest of the portfolio is left to the markets. If they fall, I've got 3 years before needing to worry about it.
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Two and a half years for me
 
hampshireblue said:
Maybe it's just time to take profits if you're worried. Coming out of the market completely means at some stage you have to go back in and timing that is tough. The only thing I have to worry about is my ISA and I may take some profit there soon.

My SIPP is protected as I have 3 years of income earning 5% in the cash fund so the rest of the portfolio is left to the markets. If they fall, I've got 3 years before needing to worry about it.
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I set my sipp up in August on a very defensive strategy. 40% equity, 40% bonds and 20% other stuff (including gold).

The equity and bonds have done little but the gold is killing it. As I've said before I've got enough profit this year to just stick it all in money markets until 2026 and re assess. I think I'll keep the gold though the reasons it's gone mad still apply, weakening dollar, Russian collapse, bonds - even non usd/gbp not responding positively. Makes it hard to know where to put your money.
 
RadcliffeRick said:
Filled in the forms (I want it paid outside the UK) and called them twice. Both times they tell me they have received all documents and are processing it.
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Just have to persevere mate, everything takes an age - probably loads of the fuckers working from home or off sick. You’ll get it eventually.
 
Shouldn’t be a stumbling block, there are hundreds of thousands of ex pats getting pensions paid abroad.
 
denislawsbackheel said:
Shouldn’t be a stumbling block, there are hundreds of thousands of ex pats getting pensions paid abroad.
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I agree, but if Rick is actually in Malaysia there may be some protocols that have to be followed as opposed to being in Spain for example.

Is there a real benefit to not having it paid into a UK account? It's got to go through a currency exchange process at some point no matter what-genuine question.
 
In some circumstances you don’t have a choice. It’s paid gross and you pay income tax in the host country. According to gov.uk you need to have a Malaysian bank acct to have it paid in to and sadly it is not one of the countries where you get it index linked.
 
hampshireblue said:
I agree, but if Rick is actually in Malaysia there may be some protocols that have to be followed as opposed to being in Spain for example.

Is there a real benefit to not having it paid into a UK account? It's got to go through a currency exchange process at some point no matter what-genuine question.
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My financial advisor told me to have it paid into my Malaysian bank account because the exchange rate is better than having it paid into my UK account and then transferring it to my Malaysian bank.
 
RadcliffeRick said:
My financial advisor told me to have it paid into my Malaysian bank account because the exchange rate is better than having it paid into my UK account and then transferring it to my Malaysian bank.
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Ok. Out of interest is your FA in the UK and if so are they still qualified to give you advice if you are living abroad?
 
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