Hi All,

Quite funny, typed in "Should I start a pension" in google on advance search for the last six months and it brought me here. All roads lead to HPC!!!

I'm thinking of starting a pension. Have my own one man band ltd company and been meaning to for while. I was wondering if it matters starting it in the middle of a stock market crash or whether it would be worth waiting until I see the bottom of the market.

FH

If it was easy to spot tops and bottoms of markets then you would be as rich as Cresus by the time you reached retirement age, and wouldn't need a pension at all.
Over time putting a fixed amount into a pension every month should mitigate against any violent drops in the stock market.
Ultimately, it is your business that is your wealth creator, and that is where you should concentrate your efforts.

The earlier you start the better. Agreed drip feeding money in each month is a good idea. There's always a good moment to invest in something.

If you exceed the higher tax bracket, pension investments are extra worthwhile.

If you're managing your pension yourself, look at getting a SIPP and fill it up with cheap tracker funds, high yielding funds and ETFs.

I'm a great fan of ETFs - they have annual charges of around 0.5% and are great for diversifying into global markets and other asset classes like commodities.