We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

stake versus work

Hello, I have a stakeholder pension and my work has recently enrolled me in a workplace pension.

which am i best paying in to? I currently direct debit in to my stakeholder (not much and its not been for any where near long enough :( ) but i am wondering if i am better switching that to the workplace one.

I will continue to take part in the workplace one regardless.

Comments

  • mgdavid
    mgdavid Posts: 6,711 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    what's the employer contribution in the new workplace one? However much it is, it's free money so go with that, but try to keep the stakeholder going as well.
    The questions that get the best answers are the questions that give most detail....
  • Thanks.

    Its 1% but its free as you say.

    Will I not end up just paying for two pensions with two sets of fees?
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Nothing wrong with having two pensions and two sets of charges if that works out cheaper overall or gets you investment options that you want to use.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.