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rob, Sun 1 Apr 2001, 1:00)
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it's standard for that level of charge to be the initial rather than the ongoing.And it would normally come out of the first year's contributions, after which the ongoing charge of 0.75% or so would kick in.
Is it a GPP?
(, Fri 14 Feb 2014, 8:01, 1 reply, 11 years ago)
I'll look into it - I'm eligible to join it so I've got the paperwork to wade through - it's just the 5% that stuck in my craw.(, Fri 14 Feb 2014, 8:04, Reply)
it won't be the ongoing chargeAnd advice is always to join an employer scheme, assuming there's an employer contribution. You don't get tax relief on those, but it's free money.
(, Fri 14 Feb 2014, 8:06, Reply)
Always isAnyhow, the way the retirement age is going up it'll be 25 years before I get to retire.
(, Fri 14 Feb 2014, 8:08, Reply)
That bit's pretty good - 3.5x your actual earnings averaged over the past year... so that includes bonuses/commission.
(, Fri 14 Feb 2014, 8:19, Reply)
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