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3

It looks like you can select a different fund within NEST: https://www.nestpensions.org.uk/schemeweb/nest/members/my-nest-pension/how-does-nest-manage-my-money.html For example you might choose the "Nest Higher Risk Fund" if you prefer to take more risk than their default allocation. Note that their funds are already bucketed by your age so may already be ...


2

You should almost certainly stay enrolled, because your employer will be contributing at least 3% of your earnings to your pension, and the government at least 1% (basic rate tax relief), in exchange for you contributing 4%. You won’t get a rate of return on alternative investments that makes up for losing the employer and government contributions. The ...


0

No taxes are not applicable when you change the funds allocation. Yes you are booking a notional loss in anticipation that reallocation will give you better profits compared to staying invested in same allocation. What will actually happen can't be predicted. Yes that is correct, you redeem at current value and switch to new allocation.


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The common denominator between a 401k and a pension is their 'present value' or simply 'PV' for short. The present value of a 401k is simply whatever it's worth on a given day. The present value of an annuity can be calculated using a present value of an annuity formula. Once you obtain the PV of the annuity, you can directly compare it to the balance of a ...


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I talked to an accountant. He told me that T4 is generated based on when you were paid and not based on the period for which you were paid. He told me I can try to request individual T4 but he didn't see it going anywhere. As they issued T4 for the year when money was paid. This explanation made sense to me and it was a lesson learned for planning finances ...


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