FabSwingers.com forum: worth bothering or not ?

By *riskygaz OP Man
over a year ago

birmingham

I have not bothered with a private pension to date, my employer auto enrolled me in their pension, it would be £89 a month, I have about 18 years left to work, I feel it would probably not add up to much of a pension this late in life, what sort of monthly pay-out do you think it would be, ball park figure if you know a bit about this subject ?

By *uicy jonesMan
over a year ago

near a big hill in s/ shropshire NOT in

Only having 18 years left , personal a private pension would bring you much unless your prepared to plough a lot of cash in to one , better putting it in to bricks and Morter if you can afford to

By *ensualtouch15Man
over a year ago

ashby de la zouch

"Only having 18 years left , personal a private pension would bring you much unless your prepared to plough a lot of cash in to one , better putting it in to bricks and Morter if you can afford to "

Bad advice

Put it in. For a start your employer doubles your money and it goes in gross of tax thus you are 20 % better off immediately

Depending on your employer you will have a choice of funds many of which will include housing in their funds anyway . At the end you can take it all out and if planned correctly with little tax to pay, certainly less than you would have paid on your money to invest elsewhere

It is very wise to invest some into a pension , regardless of how small