putting deposit to pension

spezial

if someone has 100k and he has at least 30 years of work ahead, is it wise to put that money into his pension portfolio?

Thrugelmir

That depends on the answers to many other questions.

atush

like debt, mtg, income, other savings and pensions.

sorry, we dont read minds here?

Mistermeaner

spezial wrote: »

if someone has 100k and he has at least 30 years of work ahead, is it wise to put that money into his pension portfolio?

Yes




Ps why does a reply have to have 10 characters?

ColdIron

You can't do it all at once, there are annual limits

spezial

who can give me more info on that? I am planning to work for 27 years more and retire at 60

bowlhead99

https://www.gov.uk/tax-on-your-private-pension can give you more info on that. When you have finished sorting your benefit claims and your PhD and buying your house etc and you genuinely have £100k that you can do without for the next 27 years, feel free to read it.

kidmugsy

ggb1979 wrote: »

Ps why does a reply have to have 10 characters?

gender equality legislation.

Thrugelmir

spezial wrote: »

who can give me more info on that? I am planning to work for 27 years more and retire at 60

I thought that you were trying to claim WTC ?

https://forums.moneysavingexpert.com/discussion/5216481