Quote:
Originally Posted by Dave20046
Putting money into a pension so young still feels like a gamble...
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But not so big a gamble as doing nothing.
If your employer still offers a final salary pension scheme then go for it whilst you still can. Put in as much as you can in addition to normal contibutions to "buy extra years".
Money purchase schemes are still worth having as the govt give you your tax back on it. The lottery comes at the end when your pot (less a lump some of your choosing up to a limited amount) is used to buy you a pension on the open market. Retire young and you'll get less but for longer than you would if your retired later.
Don't listen to the folks of the .org (inc me) though.... speak to an independent financial advisor sooner rather than later
