Hi,
Looking at rejiging my monthly outgoings to try cover all needs and wants of the family.
Currently, I am paying €100 a month into a Standard Life Money Works Plan... been doing so, since 2002 and its not due to mature until 2017 at which time it is/was projected to be circa €22k.
TBH, I know very little about these things only that a friend of mine at the time advised me that it was worth doing then so, I've a number of questions.
Is this still worth paying into this type of policy?
Would I be better of to take out what I have paid into it and paying this lump sum off my outstanding mortgage (€40k remaining) and continuing to pay the €100 off it as well to have done with it.
Company pay into a pension for me which I don't contribute to... should I put this €100 a month into it also(pensions are bad though at the moment... aren't they?)
Should or Can I stall this policy for a year or two in the hope that things pick up and continue it then using the €100pm for other necessities?
Any advice would be good
Thanks!
Looking at rejiging my monthly outgoings to try cover all needs and wants of the family.
Currently, I am paying €100 a month into a Standard Life Money Works Plan... been doing so, since 2002 and its not due to mature until 2017 at which time it is/was projected to be circa €22k.
TBH, I know very little about these things only that a friend of mine at the time advised me that it was worth doing then so, I've a number of questions.
Is this still worth paying into this type of policy?
Would I be better of to take out what I have paid into it and paying this lump sum off my outstanding mortgage (€40k remaining) and continuing to pay the €100 off it as well to have done with it.
Company pay into a pension for me which I don't contribute to... should I put this €100 a month into it also(pensions are bad though at the moment... aren't they?)
Should or Can I stall this policy for a year or two in the hope that things pick up and continue it then using the €100pm for other necessities?
Any advice would be good
Thanks!