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Before I start I will take any advice as given, and will not hold anyone responsible. I want what YOU would do and why.

I have received a letter from the Prudential saying I need to make a decision on whether to contract back into the state pension. I was actually advised by a couple we met on holiday last September that if I got the chance to opt BACK into state pensions. Coz I was on holiday I didnt have a deep conversation but the fact that they were of pensionable age and not VI's I took that as good, honest advice.

Prudential are strongly recommending that I should opt back in as I could be worse off. I will be honest, any company that you pay, for anything, does not give a sh*t whether I lose money or not. As long as they make money they do not have my best interests at heart. Call me cynical but the saying 'no sentiment in business' is the most accurate out there.

My gut feeling is, they know their pensions are well under-performing and this is a 'disclaimer/told-you-so letter'. I think I should opt back in, not because of the Prudential advice. Because of a lovely couple we met on holiday.

What do other people think?


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I'm out for the reason that I want to minimise the politicians' influence over my money as much as I can. If I have to choose between a fund manager and a politician I'll go with the fund manager.

I have around 40 years until retirement age. There's a huge pension crisis coming. I feel that there is a significant risk that what I pay in will be either not returned or heavily compromised. So much can happen during that time. They can change the rules around pensions and change them again many times, and I doubt it'll be in my favour.

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I'm no expert but I've heard that it's a good idea to contract back in if you're close to retirement age < 10 yrs. Otherwise if you're like me and have another 30 yrs to go then stay contracted out.

If you contract out then you've got the money and can invest it in your pension fund. If you stay in then you don't know how much it will be worth when you come to retire or even when you will be able to take it.

What if you can only take the second state pension at age 70 or higher in the future?

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  • 301 Brexit, House prices and Summer 2020

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      • down 5% +
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