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Pension at my age ?
totalguitar
Posts: 166 Forumite
Just looking for a little bit of advice.
I was made redundant (voluntary) last year and decide at the age of 53 I would just do some part time work. I have 2 pensions from my previous employer.
I have however been given a job by a friend and wonder if it's worth joining the company pension scheme. I only plan on doing this job maybe 4 or 5 years.
Advice greatly appreciated.
I was made redundant (voluntary) last year and decide at the age of 53 I would just do some part time work. I have 2 pensions from my previous employer.
I have however been given a job by a friend and wonder if it's worth joining the company pension scheme. I only plan on doing this job maybe 4 or 5 years.
Advice greatly appreciated.
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Comments
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Yes it is. Free money.0
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Why give up an employer's contribution?0
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totalguitar wrote: »I need to pay 4% this year and 5% next. The company do make a contribution as well. Just wasn't sure if it was worth it for a couple of years.
Do you already have enough pension saved / accrued to allow you retire in the manner you wish to retire in???"For every complicated problem, there is always a simple, wrong answer"0 -
Free money. Always worth it regardless how short a time you’ll be contributing0
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I'm always puzzled by the number of people who think joining a pension scheme 'isn't worth it' if they only plan to be with their employer for short time and/or work less than full time.
Think of it this way: if you have 35 different jobs, each lasting only a year or so, and reject scheme membership every time because you won't be there very long, what will you live on when retire...?0 -
It is ALWAYS good to join the pension. Free money and tax relief make it so.0
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Even more betterer
if they pay you via salary sacrifice. Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
I have taken my two FS pensions (so I can work 3 day week until SP kicks in) but have made sure I'm paying into the works Stakeholder pension and I will only do it for three years, I look at it as another lump sum that is gaining far better than I could get elsewhere, especially with the company paying in 9%.Paddle No 21 :wave:0
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