Pensions

[sammd]

Does the value of a pension go up more than if you saved your money in a savings account/ISA? I know pensions are all different and some can go down aswell as up (grr), but overall in general?

[WoWo]

Depends, Pensions are often linked to an investment vehicle such as the stock market over the longer term these tend to perform better than a standard savings account.

The real benefit of a pension is that is Tax free up to 15%of income. Therefore you are in effect investing more than you could do with a savings account, this is especailly true for higher tax rate payers.

[sammd]

Ah ok, thanks!