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Should i signup to my companys pension?
JimLad
Posts: 950 Forumite
Hello all!
Got a bit of a decision to make now..wonder if you lovely folks could help. I have now worked at my current job for 6 months and therefore am elligable to start a company pension which is where my money is invested in an "Aviva Managed Managed Fund" which i understand means they invest it for me. If i put in 5% of my salary, they will put in 7.5% which seems pretty good to me?
I am currently 23, living with my parents and saving for my own house. Do you think i should start my pension? It would be £100 less i can save every month.
Jim
Got a bit of a decision to make now..wonder if you lovely folks could help. I have now worked at my current job for 6 months and therefore am elligable to start a company pension which is where my money is invested in an "Aviva Managed Managed Fund" which i understand means they invest it for me. If i put in 5% of my salary, they will put in 7.5% which seems pretty good to me?
I am currently 23, living with my parents and saving for my own house. Do you think i should start my pension? It would be £100 less i can save every month.
Jim
Mortgage Free 22/03/17
MissWillow is my OH!
MissWillow is my OH!
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Comments
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Go for it, never turn down free money from the company.Trying to keep it simple...
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I'm with edinvestor, never say no to free money,make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Yes, as long as you don't need the money in the short term this is likely to be a good idea.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Free money.
Tax relief on your contributions.
What was the question again?British Ex-pat in British Columbia!0 -
no brainer... free money from ur company!FSA website on pensions: http://www.moneymadeclear.fsa.gov.uk/guides/retirement/saving_for_retirement.html :think:0
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Ditto, especially as your employer is matching your contribution at 1.5 times.
Mine only matches £ for £0
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