Stakeholder Pension with tiny firm-worth it?

DennC

Hi,

I've just started a job with a tiny company (less than 10 employees) that offers a stakeholder pension scheme.

Based on the details I have so far, it doesn't seem apparent that my employer will be making a contribution if I enroll in the scheme, so I'm unsure what to do.

I'm currently in my 40s and have been paying into a previous employer's scheme, and I'm keen to start saving for retirement again soon.

I just wondered if anyone had any experience of this kind of scheme with a small company?

Any thoughts welcome.

DC

Lokolo

If you aren't getting employer contributions, cannot get salary sacrifice and are not a higher rate tax payer, you could choose to use your ISA allowance instead of pension.

But either way, do something for retirement, pensions just might not be the best method.

xylophone

http://www.out-law.com/page-10518
http://www.cavendishonline.co.uk/pensions/

you could choose to use your ISA allowance instead of pension.

But remember that if you should require means tested benefits, your isa would be regarded as capital that you could access and spend.