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Nest pension

1 reply

BooksAndChooks · 12/08/2022 09:48

I am in my early 30's. I have very little in my pension to date, I really want to change this, I'm making it a priority.

My current workplace pension is with nest. I think the minimum contributions on it are 3/4% employer and 4% employee.

I have already asked that my contributions would be doubled to 8%. I have recently had a pay rise and taken on more hours, so I was thinking of bumping my contributions up to 15%.

Is this the best use of the extra money? I also have a S+S ISA, a LISA and a pension with moneybox. I've been throwing money into these whenever I can afford to, but again it's all very early days and doesn't amount to much.

I really want the increase in my pay to go towards retirement provision.

OP posts:
nannynick · 13/08/2022 07:11

Nest has a high fee on contributions so I would max the LISA next if you are a lower rate tax payer. You could then do a low cost SIPP such as from Vanguard Investor.

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