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What to do before I can join co scheme?
marc.faulkner
Posts: 639 Forumite
Evening all,
Hope you're all enjoying your bank holiday weekend so far?
I recently started a new job with a new company, and I'm not eligible to join the companies pension scheme (stakeholder, to which they'll contribute 3% of salary) until I've colpleted 6 months service.
In the initial 6 months, I'd still like to save some money towards my retirement, however I'm not sure whether I'd be best investing it into a "private" stakeholder pension, or whether I should just stick it into a savings account for now and then pay it into the company scheme as a lump sum? Or even keep it in another form of investment?
Your idea's are, as always, greatly appreciated.
Hope you're all enjoying your bank holiday weekend so far?
I recently started a new job with a new company, and I'm not eligible to join the companies pension scheme (stakeholder, to which they'll contribute 3% of salary) until I've colpleted 6 months service.
In the initial 6 months, I'd still like to save some money towards my retirement, however I'm not sure whether I'd be best investing it into a "private" stakeholder pension, or whether I should just stick it into a savings account for now and then pay it into the company scheme as a lump sum? Or even keep it in another form of investment?
Your idea's are, as always, greatly appreciated.
0
Comments
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For 6 months you should save the money in your account and add it to the pension when it becomes available. Starting anything a private scheme for just 6 months is a waste.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
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