Hello,
I've been putting in my time lately to understand all the pension options available to me.
I (stupidly) signed up 3 weeks ago to a Zurich pension on advice from a broker. I believe I am now going to cancel this. The fees are as follows.
99% allocation rate
1.25% AMC
€3 per month policy fee
Early encashment 5/4/3/2/1%
And finally a 5% bid offer spread ??? No one mention this until it got my policy doc.
That's 7.25% fee + monthly?? Or I'm I not getting it?
Surely I would be better creating a self directed pension? Can I do this and still get tax benefit as PAYE?
Thanks,
I've been putting in my time lately to understand all the pension options available to me.
I (stupidly) signed up 3 weeks ago to a Zurich pension on advice from a broker. I believe I am now going to cancel this. The fees are as follows.
99% allocation rate
1.25% AMC
€3 per month policy fee
Early encashment 5/4/3/2/1%
And finally a 5% bid offer spread ??? No one mention this until it got my policy doc.
That's 7.25% fee + monthly?? Or I'm I not getting it?
Surely I would be better creating a self directed pension? Can I do this and still get tax benefit as PAYE?
Thanks,