Please note: The Auto-enrolment sub-board is now closed. If you have a question around pensions, please post in the Pensions, Annuities and Retirement Planning board.
Private pension or Nest?
matucana
Posts: 22 Forumite
I have just been enrolled into NEST - I will stay enrolled in the expectation my employer will make contributions. However I already pay a substantial amount every month into a private pension. Should I continue paying into the private pension, which is small, and I believe 'low risk' or switch payments to NEST?
Any advice gratefully received
Any advice gratefully received
0
Comments
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Transfers out are currently not allowed in NEST and the choice of investments is non existent but having said that the employer contributions makes up for that.
Pay the amount into NEST to keep the employer contributions and continue with your your personal pension.0 -
Just a note to say that transfers in and out of Nest will be possible for everyone from April 2017, at the same time that the scheme-specific contribution limits are removed.0
This discussion has been closed.
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