Private Pension - continue or cancel?
Discussion
I only started a private pension last year (aged 32 with no previous pensions) only pay in around £250 each month (but this rises around 8% each year) I don't get any contribution from employer.
Reason I did it was
1) Tax relief, so each £250 I pay, actually paying in £318
2) I feel good time to pay into pension as share prices very low
3) forced way to save (but could do this on mortgage)
However, from reading tons of posts, the gist of it seems to suggest don't do pension unless you get decent contribution from employer - I get zero from employer. So thinking have I made a mistake and would this £250pm be better off going towards my mortgage and just use equity in the house once retire?
Reason I did it was
1) Tax relief, so each £250 I pay, actually paying in £318
2) I feel good time to pay into pension as share prices very low
3) forced way to save (but could do this on mortgage)
However, from reading tons of posts, the gist of it seems to suggest don't do pension unless you get decent contribution from employer - I get zero from employer. So thinking have I made a mistake and would this £250pm be better off going towards my mortgage and just use equity in the house once retire?
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