bunnykins Posted October 28, 2010 Share Posted October 28, 2010 im thinking about paying into a pension, any advice,what do you think? do you have one,who with? thanks in advance Link to comment Share on other sites More sharing options...
Mecky Posted October 28, 2010 Share Posted October 28, 2010 No point unless you put in at least £1,000 per month I think it is. If that's the case just bank it. Link to comment Share on other sites More sharing options...
bunnykins Posted October 28, 2010 Author Share Posted October 28, 2010 No point unless you put in at least £1,000 per month I think it is. If that's the case just bank it. hope ur joking lol Link to comment Share on other sites More sharing options...
Mecky Posted October 28, 2010 Share Posted October 28, 2010 I think that's the figure an official body quoted to make it worthwhile Link to comment Share on other sites More sharing options...
kermit103 Posted October 28, 2010 Share Posted October 28, 2010 Its true not worth getting a pension now, better with an ISA or savings account Link to comment Share on other sites More sharing options...
chem1st Posted October 28, 2010 Share Posted October 28, 2010 Probably makes more sense to top yourself at 75 when you finally retire. It should be legal by then too. Link to comment Share on other sites More sharing options...
carosio Posted October 28, 2010 Share Posted October 28, 2010 Put as much as you can into an ISA, for example Fidelity Special Situations. Wish I had done that earlier in life. Link to comment Share on other sites More sharing options...
GrannyGranny Posted October 28, 2010 Share Posted October 28, 2010 I can recommend fidelity. They are constantly top performers. Visit the Martin Lewis website for good advice. Link to comment Share on other sites More sharing options...
Ms Macbeth Posted October 28, 2010 Share Posted October 28, 2010 Unless you are going to be in a job for around 30 years that offers an excellent occupational pension where your employer also contributes - I wouldn't bother. The way state pensions have been reduced for all but the poorest in retirement has removed the incentive to help yourself in retirement. I can only comment on how things are at the moment for retired people. Anyone who has a smallish occupational or private pension may well be kicking themselves for making the sacrifices during their working lives - if they hadn't bothered, then they'd be getting their state pension topped up through pension credit. They'd also be eligible for council tax benefit and housing benefit. On the other hand, if flat rate state pensions are introduced for everyone, then saving towards retirement becomes attractive again. On the ISA front - Invesco Perpetual High Income is one to watch too. Link to comment Share on other sites More sharing options...
nerd Posted October 28, 2010 Share Posted October 28, 2010 echoing what others have said really, but if you are the only one paying in eg no employers contribution you are probably better off setting up an ISA and putting the maximum yearly amount into that instead - at least that way you can access it early if you ever need to Link to comment Share on other sites More sharing options...
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