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CUK Pension Poll

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    CUK Pension Poll

    Meeting my financial advisor on Monday to discuss pensions.

    So, how much does the CUK collective typically contribute a month?
    36
    £0 - don't bother with a pension
    44.44%
    16
    £1-£150
    0.00%
    0
    £151-£300
    2.78%
    1
    £301-£450
    0.00%
    0
    £451-600
    13.89%
    5
    £601-£1000
    8.33%
    3
    £1001-£1500
    2.78%
    1
    £1501-£2000
    5.56%
    2
    £2001-£2500
    5.56%
    2
    £2501-£3000
    0.00%
    0
    £3001-£3500
    0.00%
    0
    £3501-£4000
    0.00%
    0
    Over £4k a month, up to £50k a year
    2.78%
    1
    Over £50k a year
    2.78%
    1
    I don't need a pension, I'll be sleeping under a bridge with AndyW and his mum
    11.11%
    4
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    #2
    About 10% feels right - I put in a £500 each month and top up to 10% towards the end of the year if I've been in contract all year.

    Comment


      #3
      Originally posted by MadDawg View Post
      About 10% feels right - I put in a £500 each month and top up to 10% towards the end of the year if I've been in contract all year.
      Exactly what he says. But mine is a smaller percentage.

      I put £500 per month and top up with another £5/6k at the end if I can be bothered. Then full ISA amount each year for both of us.
      What happens in General, stays in General.
      You know what they say about assumptions!

      Comment


        #4
        10%-20% of company turnover depending if I need the cash for another purpose. More if I end up with an IR35 contract.

        Aim for 30-40% of turnover to invest which would include a better house.
        merely at clientco for the entertainment

        Comment


          #5
          Me 'ouse is me pension 'innit?

          UK house prices grow at fastest rate in nearly three years - Nationwide | Reuters

          Comment


            #6
            0.

            They would not have made it tax free if they did actually intend to pay it back to you.

            Comment


              #7
              Originally posted by AtW View Post
              0.

              They would not have made it tax free if they did actually intend to pay it back to you.
              WHS.

              It's also not tax free it's tax deferred. You put in gross, but you pay tax on the pension income.

              Comment


                #8
                Originally posted by DimPrawn View Post
                You put in gross, but you pay tax on the pension income.
                Really?



                What a scam.

                Comment


                  #9
                  No idea. I put in a reasonable chunk the first year, £4k or so, then £0 the following year. I prefer to only put spare money into a pension, not just after maxing dividends but retaining significant cash in the business. I don't trust that I won't need that money in the next 20 years without a big buffer.
                  Originally posted by MaryPoppins
                  I'd still not breastfeed a nazi
                  Originally posted by vetran
                  Urine is quite nourishing

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    WHS.

                    It's also not tax free it's tax deferred. You put in gross, but you pay tax on the pension income.
                    Isn't that still tax efficient, given that you don't get all your fund back out before you die?

                    Comment

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