J
JJones
Guest
I talked to a pension advisor yesterday and went through all the forms for a company pension.
I thought I understood it clearly but repeated questions by me didnt clarify it for me, and I would like someone who understands it better than me to clarify it to me.
I am limited company and the sole employee I am starting the pension and paying 4500 divided in monthly installments to the year end and also putting in a lump sum of 4500.
Now the The costs state
A premium charge of 5% will be deducted from each regular payment I make, so for this year this will four payments of 1125 for this year will this mean a 5% charge on each payment.
Also a yearly charge of 1.25% for managing the fund will also be charged.
So is it 5% on each payment for the duration.
I thought I understood it clearly but repeated questions by me didnt clarify it for me, and I would like someone who understands it better than me to clarify it to me.
I am limited company and the sole employee I am starting the pension and paying 4500 divided in monthly installments to the year end and also putting in a lump sum of 4500.
Now the The costs state
A premium charge of 5% will be deducted from each regular payment I make, so for this year this will four payments of 1125 for this year will this mean a 5% charge on each payment.
Also a yearly charge of 1.25% for managing the fund will also be charged.
So is it 5% on each payment for the duration.