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how best to fill gap in pension provisions
hinchy
Posts: 59 Forumite
I have a period of 7 years where I did not make any pension contributions due to job changes etc. and would like to plug this gap.
I have a stakeholder pension and am contributing to a defined benefits company pension with 12 years to retirement ( I hope) .
I was considering continuing to use up my cash isa allowance and also start a stocks and shares isa, drip feeding via monthly contibutions ( probably an investment in the global growth sector).
or should I consider adding to the stakeholder; or convert to a sipp?
your opinions as to the most efficient route would be appreciated.
I have a stakeholder pension and am contributing to a defined benefits company pension with 12 years to retirement ( I hope) .
I was considering continuing to use up my cash isa allowance and also start a stocks and shares isa, drip feeding via monthly contibutions ( probably an investment in the global growth sector).
or should I consider adding to the stakeholder; or convert to a sipp?
your opinions as to the most efficient route would be appreciated.
0
Comments
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hinchy
With your defined benefits scheme, can you buy added years? I know the scheme I am in allows it, though I haven't done it myself. Might be worth looking at depending on costs.
The advantage over AVCs is that it adds to your tally of years in the scheme so the amount of your pension is not subject to the vagaries of the stock market."Success is the ability to go from failure to failure without losing your enthusiasm" (Sir Winston Churchill)0
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