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I'm 26 and I'm trying to work out if there any point whatsoever in having money tied up in a pension fund, it seems like the most slowlane possible way to treat money. I have a couple of thousand that my old employers had to legally put in that I'd actually forgotten about, until I got a letter from the door informing me that my pension (as it stands) would give a whopping £67 a YEAR in 2058. Very nice.
I have my own business and I've kind of gone all-in on this, the idea of syphoning money off from my business and myself to put in some fund that I can't access until 2058 makes me feel a little ill, even the name of the pension provider has the most slowalane name ever: "Standard Life".
But I don't know if this is something that one should be doing as an "insurance policy" against things not panning out, or something that I should be looking at in my 40s or if it is (as I suspect) something that doesn't even play into the fastlane game.
I would love to hear your take on it, because I'm probably going to take the money out and use it to invest in myself or the business.
I have my own business and I've kind of gone all-in on this, the idea of syphoning money off from my business and myself to put in some fund that I can't access until 2058 makes me feel a little ill, even the name of the pension provider has the most slowalane name ever: "Standard Life".
But I don't know if this is something that one should be doing as an "insurance policy" against things not panning out, or something that I should be looking at in my 40s or if it is (as I suspect) something that doesn't even play into the fastlane game.
I would love to hear your take on it, because I'm probably going to take the money out and use it to invest in myself or the business.
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