Investor Insights: Ji

Hi, I’m Ji. I’m 33 and I’m from London. I’m self-employed and I run my own consultancy business.

My first pension was with my employer. On my first job I made the minimum contribution, but with each salary increase, I increased my percentage and the company that I worked for actually matched what I put in.

Since becoming self-employed, I have become more aware of contributing to my pension and I make my own investment choices for the SIPP. I make a regular contribution through a direct debit. And because I’m self-employed, with every dividend draw every quarter, I’ll make a lump sum deposit as well.

I have thought about my retirement, although it feels like a long way off. I don’t ever see myself not working, because it’s something that I’ve built and something of that is a passion project. I’d imagine I’d maybe work less or start winding down and I’d like some more time for leisure and travel.

Now I’m a little bit older and I’m not a grad anymore, I’m in a slightly more financially comfortable position to not have to compromise on lifestyle. I think my priorities have definitely changed. And with the pandemic, I guess my spending habits have changed as well. And therefore, during this time I’ve definitely considered, while I have the freedom and the luxury, to contribute more to my pension. For me, there is a trade off. It is a balance between long-term and short-term goals, but that’s a decision that feels right for me.

For younger people just starting out, I would recommend that you make small and regular contributions, because it can really snowball later. My regret, I guess, would be that I didn’t max out my pension while I was still employed, because my employer used to be match my pension contribution, which is another way to increase your salary and it’s basically free money.

Disclaimer

Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. This is a marketing communication. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.

Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Henderson Investors International Limited (reg no. 3594615), Janus Henderson Investors UK  Limited (reg. no. 906355), Janus Henderson Fund Management UK Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).

Janus Henderson, Janus, Henderson, Intech, VelocityShares, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.