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pension help

vsoe57 · 2013-12-15 21:14:06

hi I have been paying in to a pension for nearly forty years that is the normal max time but I have An option to carry on paying into it but not for much gain in the long term any advice please thank you .

Comments

molerat Posts: 35,090 Forumite

18 December 2013 at 12:34PM edited 18 December 2013 at 12:38PM

Assuming this is gross payment £81 per week less 20% tax ? for £1500 pa = payback time of 2.25 years, better than state pension class 3 NI contributions. If a higher rate taxpayer then the payback is 1.7 years.

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