Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Yep anyone can get a stakeholder pension up to a max of £3,600 a year and I guess the govt put in 22% of that 
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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If you've the free cash that you can afford to not have easy (any?) access to then it isnt a bad idea.
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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I have one, don't know the ins and outs, but started it when I was 18 (7 years ago). It's a good one though from what I remember because my Dad advised me to go into it.
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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I had a pension for 6/7 years which was pretty good, don't know details though. It was non contributary for 4 years iirc and then 5% which was matched for 2 of the years. I am just about to start paying into a HSBC managed one through my new job though, it's the only thing I really have done right so far with regards to finance so want to continue it.
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Becky1989
Member
Registered: 21st Jun 08
User status: Offline
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I started when i was 17.
I put £95.00 a month and my employer matches that 
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jr
Member
Registered: 20th May 02
Location: Kent
User status: Offline
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never really sorted a pension as allways moved round companies too quickly (motortrade)
whats peoples thoughts on just puting a direct debit into another bank account every month, or any other options i should look at ? other than a company pension
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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With regards to DD into another account, you wont get much interest & will be taxed on the little interest you do get!!
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Im going to sack off any pension, unless its free, im going to stick my money into property I think....2nd mortgage, get someone living in it to pay its keep, hopefully in 30yrs when I retire it will be worth lots!!
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by jr
never really sorted a pension as allways moved round companies too quickly (motortrade)
whats peoples thoughts on just puting a direct debit into another bank account every month, or any other options i should look at ? other than a company pension
If its an ISA then yes, that can be a good way of doign things, you wont get taxed and if you look around you shoudl find one with a good int rate, anything above 5% is comparative to pension fund growth atm (try moneysupermarket.com)
In theory any form of saving is better than nothing but your avg bank account wont pay a high enough rate of interest and as col said, you ll get taxed as well
[Edited on 25-08-2008 by Robbo]
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jr
Member
Registered: 20th May 02
Location: Kent
User status: Offline
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cheers colin and robbo, will sort that out asap then
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