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Where to start with a pension

I dont have a current pension (I opted out way back and have a small personal pension paid into for 5 years many years ago but not touched since then), im 33 employed, house owner and want to sort something out long term.

I dont know where to start ... are pensions the best place to build a long term fund or have they lost their benefits with current rates, etc and is something else better? Id thought about simply paying an extra amount each month into the mortgage to get a good return on the money by reducing the number of years left on it and using the house to purchase a mortgage later on but thats just my own thoughts which are probably way out on whats actually good for me!

Any pointers please, should I get an independant financial advisor involved or are there obvious answers I should look into?.

Reply to
Mark
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Not imo.

I've been royally rogered -

The minimum income guarantee (MIG) means that my savings are rendered worthless because someone who has made no effort to save will get the same amount of pension.

The government has just stitched me up by changing the rules on the earliest retirement date retrospectively and the pension companies have failed to notify me of this manifest change even though they asked my desired retirement date.

I'll be using ISAs in future.

That's one of the best investments on a risk/reward basis.

By all means see and IFA for a holistic view, but double check their recommendations on here.

It's a FAQ -

Daytona

Reply to
Daytona

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