Planit:UK Contribution Pension Plans Exercise

From Planipedia

This case study is specific to financial planning in the United Kingdom, so has fixed values rather than indices by country. For a similar case study applicable to other countries, please see Planit:Calculating and Entering Contribution Pension Plans Exercise.

Solve for the following problem:

Donna Woodhaven has a contribution pension at the bank where she works, with a total balance of £13,000. £2,000 of this is in a Jpm Europe fund (Product Code 864), with a starting value of £1,800. There is another £5,000 in Henderson Sec Loans (449695), with an initial value of £4,500, and finally £6,000 in some Global Fixed Income, originally £5,500.

Harold has his own Personal Pension with a balance of £24,000. It is made up of 25% cash, 35% fixed income, and 40% UK Equity. £2,000 of this account was from growth in investments.

As a banker, Donna earns £50,000 and 7% of this goes toward her pension. Her employer contributes an additional 8% of her salary amount. Harold’s salary fluctuates because of he his a business owner, but is usually about £40,000. He saves £2,000 into his personal pension.

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