I have a company pension, in fact I’ve picked up lots of little private pension pots every time I switch jobs. So far as I know if I try and roll them all into one, I will get raped for transfer fees and commision, so it’s probably best to only do this just the once.
I have no faith in private pensions though, steady Savings throughout your working life seems to makes sense in theory except if you dare to go and require any form of care in your old age, in which case those saving along with any equity built up in property will get raided too…
TBH I’d actually rather pay a bit more tax over the course of my working life for a guaranteed liveable minimum state pension on retirement…
Of course being 33 at present I’m of the generation that will probably have to work to about 97 to adjust for all the Bastard Baby boomers that have just pulled the ladder up after them.
And then my reward will be “Choice” over which Tier 3 NHS service provider gets the contract to wipe dribble from my chin and ignore my pleas for water, food or access to a toilet.
Cheers Dave, Nick and George…