Nell McCafferty would love that one MGG. Thereās no way you get a quarter of the price of a can of Carling back when you recycle. Iām not sure about the other figures.
IOTM candidate, believing random e-mails,
BTW, Iāve got 2,000,000 in a Nigerian bank a/c but I need 10,000 to get it out of the countryā¦give me a callā¦
[quote=āChicken Georgeā]IOTM candidate, believing random e-mails,
BTW, Iāve got 2,000,000 in a Nigerian bank a/c but I need 10,000 to get it out of the countryā¦give me a callā¦[/quote]
Itās basically a play on Ireland recovery. The recent good news is probably priced in so further improvement in Irish economic performance probably required to get upside. Without knowing the full details, the gov shareholding would worry me too.
If I were you Iād look at other opportunities which are less Ireland centric - like most people youāve probably got a lot of eggs invested in Irl doing well I.e house, job, reduced taxes etc. not sure whether adding to this is the best plan.
I have a reasonably substantial sum in a deferred DC scheme from previous employer. It was cheap and I was quite happy to leave the funds there long term as IMO there is a decent benefit in maintaining couple of separate schemes if possible. Wrote to me this am anyways saying they are winding up the scheme and can either transfer to new employers fund ( which Iām not entitled to join for another 6 months) or transfer into personal retirement bond.
Whatās a personal retirement bond and is it a decent option
A personal retirement bond is something you setup yourself and you can only pay one lump sum into it. Itās closed then after that. Even if you left the next job with a few years of pension payments you wouldnāt be able to add the two together. Your limited in what you can invest in them, generally just generic enough funds.
Itās the vanilla option (which doesnāt necessarily make it a bad thing).
Itās not always the best way to travel but it very much depends on the size of the pot, time of service etc. It depends on circumstances as I said but there are other options available, such as a PRSA. A bit about it below. The last paragraph being key.
I wouldnāt transfer to the new employers fund btw. keep it separate as you say. Some of them wouldnāt accept a transfer in as well.
Really you need to go to a pensions guy and get him to go through your circumstances so he can advise on options as depending on circumstances either could be right.
Soundā¦yeah no interest in transferring into new employers fund. Both PRSA and PRB look v expensive options compared to my employers fund which was at .2% paā¦gonna cost me a couple of grand a year in fees