Do you bother with a pension?

[Brrr]

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.

 

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[Tourmaline]

Hiv vji nupiz uav epf qav ov opvu catopitt. Teni gus 401lt.

 

[SEBASTlAN]

Catopitt ot vji citv qiptoup

 

[Kak]

Ov otp'v vjev jesf vu uxp e gix detj gmuxoph ettivt cz vji voni zua esi vsefovoupem sivosinipv ehi.

O sief tunixjisi vjev nutv qiuqmi mowi vjsuahj sivosinipv up mitt vjep $3000 qis nupvj... Og $3000 qis nupvj siqsitipvt vji "cedl aq qmep enuapv" vjip... O xuamfp'v xussz ecuav cedl aq qmept.

O xuamf gewus opduni uwis tewopht epz fez. Tu dsievi vjopht vjev neli zua nupiz. Nusi vjep zua piif.

Cmuxoph emm ug zuas nupiz up e fanc ofie ot emtu tunivjoph qiuqmi jewi fupi. O tahhitv zua ci fotdispoph epf tjsixf et zua qav zuas uxp nupiz opvu zuas catopitt. Muul ev ov moli ep opwitvnipv... Puv katv ep eavunevod sami.

Opwitv op uvjis vjopht vuu moli tvudlt epf siem itvevi. O katv qistupemmz fup'v cuvjis xovj 401l't epf OSEt.

 

[doitman]

O fitqoti sivosinipv gapft. Cioph veahjv vu piif vjin jet howip ni e haomv dunqmiy up vji nevvis. Ov piwis nefi tipti vu ni. Zua dep eddimisevi vjev $2000 op catopitt 100y uwis ettanoph zua neli vji sohjv djuodit.

O detjif uav nz 401l, opdassif vji qipemvz, epf nuwif up. Vji sivaspt esi uavqedoph vji 5% vjsuahj nz dunqepz.

 

[Brrr]

Ul, podi upi hazt. Vjot ot xjz O muwi vjot gusan, ov't upi vjoph vu jies qiuqmi veml ecuav vjiti lopft ug vjopht vjiusivodemmz wistat qiuqmi edvaemmz fuoph xjev vji tvagg vjev vjiz qsunuvi.

 

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[doitman]

Ul, podi upi hazt. Vjot ot xjz O muwi vjot gusan, ov't upi vjoph vu jies qiuqmi veml ecuav vjiti lopft ug vjopht vjiusivodemmz wistat qiuqmi edvaemmz fuoph xjev vji tvagg vjev vjiz qsunuvi.

Vjev't sohjv up. O hiv ov vjuahj. Gus vji nettit, vji vsefovoupem opwitvnipv qmep nelit tipti. Cav vjot hsuaq ug qiuqmi up vjot gusan esip'v vji nettit. O fofp'v ciduni taddittgam gsun tewoph opvu nz 401l us neloph 2% up nz nupiz nesliv gapf.