Pensions query

I have been contributing to a Stakeholder Pension scheme for about a year and a half (I was planning to leave my employer but didnt get round to it til just recently!). However I have now changed jobs and my new employer has automatically opted me into a Pension plan where they also contribute.

Should I continue contributing to both of them, or more to the point am I actually allowed to ? There is a 3-month probationary period with my new job - makes sense to at least carry on as I am until Ive got past that !

Thanks in advance,

Mike W.

Reply to
Mike Waters
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Do don't have to allow that to happen. But you might as well get some free money.

If you want the pension in later life and can afford the premiums then why not? You are allowed to have both (if the emloyer one is a group personal pension and not occupational) provided your total payments do not exceed a certain amount depending on your age and salary.

Rob Graham

Reply to
Rob graham

Cheers !

Regards, Mike W.

Reply to
Mike Waters

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