We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
2 smaller pensions or 1 larger one?
Comments
-
If a pie costs £1, how many can pies can you buy with a pound coin, compared to two fifty pence coins?
only one annuity means only one lot of admin for the firm, in the same way that making 1 big steak pie is quicker than 1 small steak pie & 1 small chicken pie, so they may pass that admin saving on (or not :-) )0 -
I think the most important questions to ask is how much you're thinking of putting away and for how long, do either you or your wife have access to a pension via your employer (and how much do they contribute?), are you or your wife a high-rate tax payer.
Your retirement strategy is more dependant on the answers you give to these questions than whether you should have one 'pot' or two."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards