Pension Advice

monsforfuns

Hello,

I had a pension with Norwich Union. I stopped paying into it but the fund at the moment is worth approx £16,000 . I have also a Pension with my company.But don't pay any extra into it. The company Pension Statements are saying that when I retire it will only be worth approx £5000 a year. I really need to try and sort this out. Should I pay more into the company Pension or withdraw the money from the Norwich Union and put it into the company Pension or start paying again into the Norwich Union. I could also pay more into the company Pension , but how much.

Age 42


Thanks for any info in advance.

dunstonh

Without figures, fund selection and pension types it isnt possible for us to say. There are too may variables to take into account. However, any pension is only as that amount you put aside and how it is invested.