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I want to start a pension
froggy_girl128
Posts: 1,551 Forumite
Hello
I want to start a pension fund, I am 20 years old and don't want to have to pay to much a month maybe something around £20 but would like this to be flexible if possible also would consider paying more a month for a better interest rate.
I don't know where to start.
Thanks for reading
I want to start a pension fund, I am 20 years old and don't want to have to pay to much a month maybe something around £20 but would like this to be flexible if possible also would consider paying more a month for a better interest rate.
I don't know where to start.
Thanks for reading
I have enough money to last me the rest of my life, unless I buy something
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Comments
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also would consider paying more a month for a better interest rate.
You wouldnt generally use cash in a stakeholder pension at age 20. It would be a serious misjudgement if you did. So, you wont get interest.
Your premium only gives you the choice (realistically) of stakeholder pensions.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I would suggest you save now in a cash ISA, and wait until you have a company pension when your employer contributes extra money .This should happen from 2012 onwards.Trying to keep it simple...
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