Non-US Investing • UK based new investor

All good info from Valuethinker
From me -pay the current max possible into your NHS Pension

It is Defined Benefit. Sometimes there is a "top up" which is Defined Contribution - but I don't think that is the case for NHS pension?

Apparently Labour has said they will not renew the LTA. So if the additional contributions are allowed to buy an earlier retirement, that's a possibility.

Any excess savings into an ISA -equities only cos you have a good pension

I think there is a case *not* to add to the pension, but to make sure you maximise ISAs.

A global equity index tracker is all you need
Watch costs,save as much as you can and live frugally
These are good starting positions and would be more than enough for most of us
However much fine tuning (Valuethinker has given you some pointers) possible if you want to delve further into your personal investment plan
Requires time commitment and reading unfortunately -you decide if it’s worth it but what ever path you chose keeping a constant overview of your finances is a requisite -well done for starting so soon into your career
xxd091

All good advice.

Given the DB pension, a single global equity index tracker, in an ISA (and use full spousal allowance as well) should work. Yes there will be terrible volatility - that's what stock markets do. The upside is the prospect of very good long run returns - even if none of us has any idea which countries or sectors will lead that.

Statistics: Posted by Valuethinker — Mon Jun 17, 2024 3:31 am — Replies 4 — Views 526

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