Pension advice please

sg1_2

atush wrote: »

Congrats on getting debt free!

You are starting off a bit late, so make sure you put in some good sized contribs. As a side note, who is your employer? Do they have a scheme? If they don't they will do soon. The very best pension is the one someone else ie your employer pays into for you. We like to call this 'free money'.

Thanks :-)

My employer has no scheme at the moment but will be starting one this year.

So, should I go for a L&G stakeholder or one from the Cavendish site (the Aviva one?)?

Or, go for the one linked to my employment? Is this the NEST one?

Really keen on getting this on track, and I have opened an ISA as well.

Thanks.

Steve.

atush

You should take up the one from your employer (as they will pay in too-that free money mentioned).

But as to additional that will depend on which scheme your employer decides on, the costs, and the funds available. If their scheme is good, pay extra in yourself. If it isn't good, pay in enough to get their max contrib (may increase in the next few years) and pay the rest into a pension you choose.

In recent years, Stakeholders (the prevous cheapest option) are now no longer cheap in comparison to the best Personal pensions and have less funds to choose from. Let cost and choice be your guide.

dunstonh

So, should I go for a L&G stakeholder or one from the Cavendish site (the Aviva one?)?

I wouldnt bother. I would save the money up in a savings account and join the works scheme.

Or, go for the one linked to my employment? Is this the NEST one?

The employer will decide if they use NEST or someone else.