Invest more into a works pension or save?
in Pensions, Annuities & Retirement Planning
8 replies 405 views
I know this may seem a 'no-brainer' but thought I'd check with the experts here. My wife is hoping to retire in 8 years time and has had no works pension until last year when she joined the Civil Service Partnership Pension, a Def Contribution scheme with L&G being the provider. The pension pot is increasing nicely as CS contribute 14.75% of salary plus matches upto 3% of my wifes 5% contribution. We have £400pm now available each month as just paid mortgage off....I think we should be adding this to the pension pot rather than saving, ISAs, as the return on investment is far greater on the Pension. Hopefully a simple answer please -- and that it is Yes - put it into the pension! Thanks all
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