Putting money into pensions rather than savings

AlanP_2

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.

Thrugelmir

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.