Thanks for taking the time to read this. Hopefully you will enjoy following my, slightly insane to some, journey from cashing in my Shell Final Salary Pension Scheme in favour of a Self-Managed Pension, after which I will then embark on a Commercial Investment purchasing spree utilizing the methods taught by Paul Smith and Dan Taylor in their Commercial Investment Masterclass. Utilizing only the funds generated from my transfer and not another penny.

This week I concentrated on three main areas; First determining my CETV (cash equivalent transfer value) and understanding my companies’ FSP (final salary pension scheme) both UK and International Elements. Secondly I asked HR a number of crucial questions based on my own personal circumstances of opting out of the FSP but remaining in employment…well for the foreseeable future at least. Finally I looked at methods to determine if moving a FSP to a self-managed pension would have actual REAL financial benefits, I wanted to test if what the Guru’s were saying actually had tangible value addition. I’ve documented some of the questions and calculations I have made below – hopefully this helps you on your journey. Please note if you are still fairly new to pensions and the concept of moving a FSP into a self-managed scheme then I would strongly suggest becoming a google-engineer for the day. Read up on SIPP/SASS options along with your companies pensions policies and as always if you deem necessary seek specialist pension financial advice – although they may think you a tad crazy for asking!

Make sure to check out the complementary educational post for this blog to learn more!