So retirement time, company pension can provide just over £100K tax free lump sum.
What have people done, self invest, consult IFA, pay a fee to have it managed.
The web is a minefield of information, i know nothing about investing, no you can't have my money for a new bike.
How have people managed this phase of life and what option did you take?
£100k and you can have a new bike? If you spend three thousand and make 3% it'll only take you a year to make it back.
Anyway, for that value lump sum and options for the rest of the pension, (another £300k?) I'd be getting professional, tailored advice.
What I did with my lump sum: put £20k in an ISA with a fund supermarket like Hargreaves Lansdown (but not necessarily them) and invest it in low fee tracker funds like Vanguard. Choose a mixture of markets to track, UK, US, European, emerging markets, and maybe buy some bond funds as well to spread the risk. Every year, pay another £20k slice into the ISA. If you're quick, you can get the first slice in before 6th April, and then the next one immediately after. I also gave £20k/year to Mrs G to put in an ISA in her name, so it didn't take long to get it all tax sheltered.
I is disappoint, coke n hookers
