As a freelancer, I have accumulated lump sum of capital over the year that sits in the company accounts. I'm looking to avail of the 100% tax relief on pension contributions that came in with the 2022 Finance Act and move this all into a PRSA.
For this I'm looking to keep things relatively simple: a pension fund with maximally diversified portfolio (global ETFs) and lowest annual cost. Don't really want to look at it for the next 30 years.
Perhaps with this I'm a bit of a financial advisor's worst customer as I don't think there really are finances that really need to be managed over this period. I'm struggling to find an advisor/broker that will just set everything up for a once-off fee. Would anyone have any recommendations on how to find one?
As mentioned, priority is low cost. I'm aware of execution-only PRSAs, but it also seems that financial advisers/brokers can get lower rates than I may be able to, which cancels out their commission (somewhat).
However there are also PRSAs such as offered by Standard Life that don't seem to have a management fee, but on the individual funds (e.g Vanguard Global funds), their AMC is significantly higher than what the fund itself charges.
I'm wondering if anyone else has faced a similar dilemma and if you may have some advice?
For this I'm looking to keep things relatively simple: a pension fund with maximally diversified portfolio (global ETFs) and lowest annual cost. Don't really want to look at it for the next 30 years.
Perhaps with this I'm a bit of a financial advisor's worst customer as I don't think there really are finances that really need to be managed over this period. I'm struggling to find an advisor/broker that will just set everything up for a once-off fee. Would anyone have any recommendations on how to find one?
As mentioned, priority is low cost. I'm aware of execution-only PRSAs, but it also seems that financial advisers/brokers can get lower rates than I may be able to, which cancels out their commission (somewhat).
However there are also PRSAs such as offered by Standard Life that don't seem to have a management fee, but on the individual funds (e.g Vanguard Global funds), their AMC is significantly higher than what the fund itself charges.
I'm wondering if anyone else has faced a similar dilemma and if you may have some advice?
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