Paying lump sum contribution - Which is the best?

edited 30 November -1 at 1:00AM in Pensions, Annuities & Retirement Planning
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My wife and I both have personal pensions and we are both directors of an Ltd Company. I normally pay lump sums from the company into my personal pension which is with Countrywide assure and is based on funds that have a bid/spread cost of 5%. on a 30K contribution I immediately lose £1,500.00. I have looked at previous contributions and its taken nearly a year to break even. However, I have realized the tax benefits via Corporation Tax savings.

My wife has an Aviva Personal pension and there is no bid/spread on contributions paid into it. Is this a no-brainer, should I pay lumps sums into the Aviva Pension instead of the Countrywide pension with the 5% costs?

J

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