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Thread: Work Place Pension
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15th April 2015 #1
Work Place Pension
Right can anyone tell me the answer ,
I am thinking of putting more funds into this workplace pension,
I have a ISA and its paid in full so what do i do with the rest of my cash, savings give you nothing really so where do i put it,
I am in a workplace pension with my work, they pay in about £155 per month, i pay in around £22 but 20% is added for tax relief i think thats right, so in goes from me is around £27,
Right what happens if i want to put more into this say another £400 per month or more, so would i get tax relief on this at 20% which is £80 or more,
I have another pension that nothing goes in at all, in there is around £19,500,and another which has around £50,000, again nothing goes into this, plus i have took the 25% tax free from this one already ,
Remember boys and girls i am wanting to finnish work in say 2 years so all being well there will be around £10,000 in this workplace pension, i may not start taking this pension once i retire, but i may do ,
What are your thoughts on what i am asking or am i looking at this wrong, one more thing my age is 57 this coming November so i am hoping to retire sometime in my 58th year
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