Can I control my pension investments?

One of the most flexible ways to save for retirement is through a self-invested personal pension, giving you choice over what you invest in. These plans also give you complete control over the income you take in retirement.

Are private pensions a good investment?

Because you get both contributions from your employer and tax relief from the government, workplace pensions are an effective way to save for retirement for most – not using it is akin to turning down a pay rise, although the benefits are deferred until your retirement.

How do I take control of my pension?

Step one: Hunt down pensions present and past.
Step two: Decipher exactly what’s coming.
Step three: Check everything – attitude to risk, performance – and switch if necessary.
Step four: Monitor your fund.

Can I put my pension into Bitcoin?

If you are asking yourself “can I invest my pension in bitcoin?” then the answer is yes, of course. You can buy a Bitcoin Exchange Traded Note (ETN) which will track the progress of your crypto investments.

Can I use my pension fund to buy property?

Yes, and there are tax benefits to using a pension to buy commercial property. You can’t hold a buy-to-let property through your pension because it is classed as residential property, but you could pull your money out of your pension and use it to purchase one.

Is it worth putting extra money into pension?

Is a pension REALLY worth it? You get some tax back on the money you put into a pension, while gains from the investments you make with that cash are largely tax-free. You get the tax back you’ve paid on all contributions, if you’re under 75, subject to an annual allowance.

Is it better to put money in pension or ISA?

For retirement savings, a pension is usually best. In addition to the tax relief on contributions – which can have a massive impact on the eventual value of your pot over the decades – the fact that your money is tied up until you are 55 (57 from 2028) means you won’t be tempted to spend it on anything else.