Pension when unemployed?

cheghead

Are there any advantages or dis-advantages to contibuting to a personal stakeholder pension already set-up if you are currently unemployed?

atush

the biggest disadvantage is if you really need the money to live on until you become employed again?

Also, if not working you can only put in 2880/yr which the govt grosses up with TR to 3600.

The advantage of this is obvious as you get TR even when you didn't pay tax. And it keeps growing the amt you will have in retirement.

cheghead

So as long as you can afford payments it is worth paying into then?

atush

Quite probably IF you have enough emergency cash and other investments to live on as you cant get at this money until age 55 or older.