Increase pension contributions and live off salary and savings.

NormalNorman

For a big chuck of the this tax year wife maxed sal sac with the remainder of salary into sipp. Certainly gave a big boost despite market swings.

Triumph13

https://forums.moneysavingexpert.com/discussion/comment/81936511#Comment_81936511

The key thing is that, once you are past the sal sac limit and maximum employer contribution, there is no real benefit in contributing to the work scheme vs a SIPP - but SIPPs are usually a whole lot more flexible in terms of making last minute contributions compared to most work schemes.

Interactive Investor are quoting 11:30 pm on Sunday 5 April as the deadline to make a contribution. Good luck doing that with most work schemes :)

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81936974#Comment_81936974

Fair Comment, but for inexperienced people, a workplace pension generally is easier for them to manage ( or not manage as it can all go in the default fund). Also the fees are usually OK nowadays. You can get cheaper of course. However if you do not know what you are doing, you can certainly pay more in a SIPP, by buying expensive promoted in house managed funds, on top of the platform fee.

Ozzig

Not had time to do the spreadsheet yet, just wanted to say thanks for the replies whilst I was offline yesterday and lots more to thnk about now.