using a pension to buy a home

dunstonh

here as my previous work place pension pot does just sit there and will only grow by putting in my own money. Which is what I meant by "just sitting there." Hopefully that makes more sense then how I previously stated it.

With a house, you buy an asset and it pays you an income from the tenant. It has costs and over time will go up and down in value. You hope over time, it will go up and it usually does.

With a pension, you buy assets (typically, stocks, shares, indirect property, bonds, gilts etc). They pay an income into the pension. It has costs and over time will go up and down in value. You hope over time, it will go up and it usually does.

So, unless you have invested your pension in a cash/deposit fund, you should be seeing it rise in value. It will zig zag in value, just like property but it will not remain static (unless you fail to invest the money).

xylophone

Do you have a pension with your current employer?

Had you considered a transfer in of your old pension?

planteria

why transfer into a current employers pension xylo?