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pensions advice - should i stop paying?

pensions advice - should i stop paying?

Old Aug 15th 2011, 8:52 pm
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Default pensions advice - should i stop paying?

I currently pay into a local govt pension plan through my work. I've only been paying in for 6 yrs so it's not worth much! Now our application has been successful we're going to go out in 12-18 months and I'm wondering if I'd be better saving my cash than paying it in as I'm going to have to leave anyway. I don't know much about all this stuff so advice much appreciated... Right now I feel I'd rather have the cash than keep paying in!
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Old Aug 16th 2011, 1:52 am
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Default Re: pensions advice - should i stop paying?

Originally Posted by izzi81
I currently pay into a local govt pension plan through my work. I've only been paying in for 6 yrs so it's not worth much! Now our application has been successful we're going to go out in 12-18 months and I'm wondering if I'd be better saving my cash than paying it in as I'm going to have to leave anyway. I don't know much about all this stuff so advice much appreciated... Right now I feel I'd rather have the cash than keep paying in!
Speak with an IFA so you can discuss more in-depth than you should on an internet forum.

I'm sure you'll get some great subjective advice on here shortly though
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Old Aug 16th 2011, 2:17 am
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Default Re: pensions advice - should i stop paying?

thanks, yes I was going to look into speaking to an IFA but thought I'd post here too in case anyone had some first-hand experience of something similar... always handy to get as much info as possible!
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Old Aug 16th 2011, 2:59 am
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Default Re: pensions advice - should i stop paying?

Originally Posted by izzi81
thanks, yes I was going to look into speaking to an IFA but thought I'd post here too in case anyone had some first-hand experience of something similar... always handy to get as much info as possible!
I continued paying until we left and then transferred one lot of pension to Canada and the rest i kept in the UK due to a better forecast return at the time.

It all depends on your personal situation.
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