u/GetBackOnTheLadder

Late 50s - should I be paying more into my pension

Hi

Slightly unusual position that I had an 8 year career break as a carer, but am now back working.

I have -

No house or debt but renting.

500k in savings (currently cash).

350k in pension pot.

I earn £100k and get 5% pension. There is no matching for contributions.

My question - should I be maxing out my pension contributions due to the tax relief? Is this the best return I could get for a "sensible" investment.

I won't be immediately looking to buy a house but will in the next couple of years.

Thanks

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u/GetBackOnTheLadder — 8 days ago