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Putting money into pensions rather than savings
Comments
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Don't forget the tax saving aspect. Even a Basic Rate Taxpayer can end up 6.25% better off due to the 25% tax free lump sum and for a Higher rate Taxpayer its much better than that.
We are fairly new to investing (into a SIPP for my wife who is a 40% tax payer) but the value needs to fall a lot before that benefit is wiped out.0 -
Save in cash in the pension plan. At least you'll benefit from the tax relief on the contributions. Given the short time span of 2 to 3 years. You'll be unlikely to better the return elsewhere with any certainty.0
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