Investment & Investing

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hippy in reply to @wildwest

some idiots ferrari

I could have a Ferrari? That's much more fun than a pension!

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wildwest in reply to @hippy

If u add up the commissions and fees/admin chrges to be had on a life long pension it could be ferrari.
I have an uncle that recently transferred his pension the fees were £7500 It would have been more but that s the legal max.
That was probably a days work for the broker.

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hippy in reply to @wildwest

I've not seen details yet but 1-2%, there's a 6yr early exit penalty.

In Oz pretty sure it's free to xfer pension but then employer pension contribs are also compulsory.

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