TLicense Posted June 11, 2006 Share Posted June 11, 2006 About 18 month's ago I started a pension. I was putting about £80 net in, and my employer was matching my contributions. When asked how much risk I wanted to have when investing my cash, I kinda figured that I'm still young (Only 28 now) and am earning reasonably good money so am willing to accept quite a lot of risk. I can't remember what the actual funds were, something like international equity and uk equity, but not sure. Anyway, 18 month's later and I've changed jobs and whilst sorting my new company pension out I was given the balance of my current pension. Basically the fund now stands at about £5500!! For me that seems like quite a good investment! So I was wondering, is it possible to do a similar investment that isn't a pension. Ideally I want something I can contribute a given amount each month, and then say after a couple of years withdraw what ever I've made (if I've made anything that is!) but can continue to keep putting in my monthly amounts. Does that make sense? As you can see I really don't know anything about investing money, so any info people have would be much appreciated. Cheers, Link to comment Share on other sites More sharing options...
ivan Posted June 11, 2006 Share Posted June 11, 2006 Find an IFA Tony. (Independant Financial Advisor). Failing that, just arrange a FA interview with someone like Nationwide. They shouldn't charge you as they're hoping to get your money. Once you get the advice, you can go wherever your head tells you. BTW. What you doing posting now? Aren't you supposed to be busy today? Link to comment Share on other sites More sharing options...
TLicense Posted June 11, 2006 Author Share Posted June 11, 2006 No, not me. Day off. Anyway, I did think about going to see a financial advisor, but I wanted to know whether it was even possible to have these kind of investments? I really don't know much about these kind of things. Link to comment Share on other sites More sharing options...
Snooze Posted June 11, 2006 Share Posted June 11, 2006 Get yourself an ISA. Nice and easy to set up. Tax breaks. Link to comment Share on other sites More sharing options...
newbiematt Posted June 11, 2006 Share Posted June 11, 2006 Yep -I agree Cash ISA's get tax breaks and you can pay in monthly and withdraw at anytime Link to comment Share on other sites More sharing options...
TLicense Posted June 11, 2006 Author Share Posted June 11, 2006 Yeah, I've got an ISA with HSBC, but it's nowhere near netting me the kind of return that my pension is. Link to comment Share on other sites More sharing options...
Thorin Posted June 12, 2006 Share Posted June 12, 2006 I'm going to be doing a company share save scheme over 3 years, get to buy the shares at a much reduced rate, plus get a 20% bonus at the end of it. I'd been thinking about looking into investing in shares before this opportunity came up but wouldn't know where to start. I don't think I'll make anywhere near as much money as some people have on this scheme now, when it started the share price was fixed at £1.60, I know someone who's been paying in the maximum £250 a month for five years... the shares now hover around £6. Now that's a profit. I don't think they're likely to increase by that amount now Link to comment Share on other sites More sharing options...
Supragal Posted June 12, 2006 Share Posted June 12, 2006 Sounds like an ISA to me. I only seem to know people that have been stung big time with them though, I'm too scared. Link to comment Share on other sites More sharing options...
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