I am trying to work out at the moment whether I should continue paying into my private pension.
My previous employer did not have any pension arrangements so I continued my pension from the employer before that, which is with Standard Life, and simply converted it into a private pension. Then I went self-employed and set up a small business but thought I better keep paying something into my pension, so set the payments at £100 a month i.e. not much but, I thought, better than nothing.
However, looking at the value of the pension it has gone down since last year, and I can't imagine that with all the turmoil on the stockmarket this situation has improved, so the fact I've being paying into it seems like a bit of a waste. I'm just wondering if I'm better off putting my £100 a month into an ISA for now, or some other kind of investment. Or I am being too short sighted?
I am 33 so it is a while before I retire.
My previous employer did not have any pension arrangements so I continued my pension from the employer before that, which is with Standard Life, and simply converted it into a private pension. Then I went self-employed and set up a small business but thought I better keep paying something into my pension, so set the payments at £100 a month i.e. not much but, I thought, better than nothing.
However, looking at the value of the pension it has gone down since last year, and I can't imagine that with all the turmoil on the stockmarket this situation has improved, so the fact I've being paying into it seems like a bit of a waste. I'm just wondering if I'm better off putting my £100 a month into an ISA for now, or some other kind of investment. Or I am being too short sighted?
I am 33 so it is a while before I retire.