Hi there i’m 22M from the UK and i’ve recently just started a new job in finance after my degree, where i’ll pay 9% of my salary pre tax into a pension and an additional 6% will be paid by my company but is this worth it?
I have a little bit of money in savings and enjoy investing both riskier and safer long term. I’m thinking surely investing into a safe long term pie and the s&p and other indexes will outperform my pension.
The retirement age is around 68 or something ridiculous and i’m hoping taking more short term investments will out swing the long term gain of a pension? in which i’m hoping i’ll be wealthy enough where a pension won’t bother me.
I have some sort of a plan and timeline where i’d also like to be in property and begin renting them out along with investing a good portion of my wage, this on top of what would of been pension payments surely if smart enough with the money this gain will be more beneficial.
The simple question here is is it worth the trade off losing my company’s pension contribution at such a ridiculous retirement age into investing, ensuring the money stays in the trading account for the longer term.
Any advice would be appreciated.