From: Daytona 
Newsgroups: uk.finance
Subject: Re: Seeking Pension Advice
Date: Tue, 21 Jun 2005 22:56:20 +0100

John  wrote:

>I am seeking advice on pensions.  I am just wondering what the best
>options are and how pensions work?

Sorry, don't have time to work through your post.

It's a FAQ so search the archive


Work through The Motley Fool 10 Steps -


Send off for a state pensions forecast (form BR19) and make up any
class 3 NI payments you can (although clearing the debt may be a
higher short term priority)


Use the statement of affairs, the Snowball system and The Motley Fool
Dealing with Debt forum to clear your debts -


Pensions are just a means of saving. The tax differences between them
and ISAs are minor. Given the risk of future changes the wise thing
seems to be to use both ISAs and pension funds. Join your employers
fund as it's basically free money if they contribute.

Be aware that under the current rules the government will give you a
minimum income even if you save nothing for a pension. This
discriminates against those that do save. It's only worth saving if
you expect to get significantly more than the MIG.

Daytona