Company pension V Paying off debts

rob1973

I have often read/ heard Martin going on about the craziness of having debts and savings (often with the same company) but does this also apply to pensions?

I have a company pension which my employer pays 6% into. Last year I stopped paying my contribution of £100 per month as times were hard. (sob sob). I am now in a position to start paying into the pension again but after reading Martin and others thoughts I wonder if I should be overpaying my mortgage instead. I have some CC debt but that is on low life of transfer rate so I don't think this would be wise to pay off before other debts.

How do I go about starting to calculate were to put my money?

dunstonh

I have often read/ heard Martin going on about the craziness of having debts and savings

A stance which is not always correct. There are exceptions.

but does this also apply to pensions?

Possibly. Possibly not. Depends on circumstances.

I have a company pension which my employer pays 6% into. Last year I stopped paying my contribution of £100 per month as times were hard. (sob sob). I am now in a position to start paying into the pension again but after reading Martin and others thoughts I wonder if I should be overpaying my mortgage instead.

Is that employer contribution dependent on your paying into the pension as well?

Also, are the investment returns capable of the potential to exceed the interest you are paying on your debts?

Are you debts under control or are you struggling?