Advice: Freeze pension or not?

rikt

Hi,

With all the bad news in the money world at the moment I am wondering what to do with my pension. I have a Halifax stakeholder pension which I know is in shares etc. With shares falling is it a good idea to stop paying into it for the time being? Or is now a good time to continue as new payments into the pension will be buying shares at a low rate?

Any advice would be great.

Thanks

dunstonh

I have a Halifax stakeholder pension which I know is in shares etc

Is that because you chose on of their funds that is 100% in equities or did you go for their cautious or balanced managed funds which is only part equities?

With shares falling is it a good idea to stop paying into it for the time being? Or is now a good time to continue as new payments into the pension will be buying shares at a low rate?

Regular payments are at their best in periods like this. Units cheaper than most times since 2003. Its fill your boots time as far as long term contracts go.

downshifted

How old are you and when do you plan to retire?

downshifted

rikt

27, not till 60-65

dunstonh

Your state retirement age is 68. Not 65.

So, will you be able to afford to retire earlier than state age?

Are you self employed or employed?

downshifted

Shares (and pensions) are a long term investment. The current disruption in the market is no reason to stop regular savings into shares, whether it be a pension or anything else :-)