Viewed in those simple terms it is a no-brainer. But that's clearly not the end of the analysis. You might then want to consider issues like: how much do you trust investing in financial markets? can you tolerate waiting until pension age before you can access your savings? etc
The former. A cash ISA is almost totally pointless.
Retirement age will be 90 by the time you get near your pension Paul
Maybe a mix of ISA and pension is sensible?
Retirement age will be 90 by the time you get near your pension Paul More seriously - the whole austerity belt tightening shit that's been going on for the last 9 years will lead to some huge gaps in people's pensions. And how poorly many of the funds have performed. Why many people look at buy to let as their pension...
Aren't Private pensions just shit these days though?
Cheers Shark. My old king wants to give me a decent wedge of cash but he says he'll only stick it in a pension. Need to get on it.
I've just read up on the SIPPs though and it says they're best suited to people who know a bit about investments etc...
Barrows is being born into a mortgage free life which is upsetting to say the least.
Quote from: Paul B on December 02, 2016, 06:55:05 pmBarrows is being born into a mortgage free life which is upsetting to say the least.he's a fool if he ignores the investment opportunity that is a cheap British mortgage
I've just received my annual pension statement from my previous employer and depressingly the value of my fund has fallen by over a £1k in the last year.Anyway, I also noticed that it has an annual management fee of 0.58%. Is this about normal?Should I leave the money where it is, or transfer it into my current employer's scheme? Both are defined contribution schemes (not sure what the management fee is with my current employer's scheme).