How have you been losing money (on paper) if you don't have any pension in the first place? Remember that a pension is a long terms investment, has significant tax benefits and (depending on what you invest in) will experience fluctuations/volatility in value even though the long term trend should be upwards. If you are nervous about this volatility then you can always choose a lower risk fund etc.Do you have a pension scheme? no
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Have been bitterly disappointed with money put into pension worth less than we put in. Property not a good bet at the moment, but would still consider property, as we are looking at long term 20 years to retirement. I know there is tax advantages to pensions, but I really have a problem paying into one that is loosing money.
Your first post is misleading so.yes, pension was paid up when I moved from employed to self-employed.
Of course. Tax benefits are significant and if you are concerned about volatility of certain (e.g. mainly or solely equity based) funds then there are others which are less risky to choose from.Are pensions still a good way of saving for retirement?
On paper?After all the 100's of thousands wiped off people's pension funds lately?
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On paper?
what about people retiring now or in the next few years ?
Such people should have switched out equity or other potentially volatile asset classes some years ago.
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