14 Mar 2016

A question about : stake versus work

Hello, I have a stakeholder pension and my work has recently enrolled me in a workplace pension.

which am i best paying in to? I currently direct debit in to my stakeholder (not much and its not been for any where near long enough title=Frown ) but i am wondering if i am better switching that to the workplace one.

I will continue to take part in the workplace one regardless.

Best answers:

  • what's the employer contribution in the new workplace one? However much it is, it's free money so go with that, but try to keep the stakeholder going as well.
  • Thanks.
    Its 1% but its free as you say.
    Will I not end up just paying for two pensions with two sets of fees?
  • Nothing wrong with having two pensions and two sets of charges if that works out cheaper overall or gets you investment options that you want to use.
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