Work placed pensions

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So I am in one of these and have been for about 4 years now, however since I am struggling somewhat with money, I am thinking of opting out for a while.

Has anyone else done this at all?

After I am sorted financially, I will opt back in, I reckon I need a year out.

 

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But you dont get the money you've already put in though do you? honestly mate, if you do opt out ensure you opt back in, I am thinking of getting a private pension on the go soon as I hit the big 30.. (which wont be this year)

 

Yeah, i will get back into it. I started late and I know from my state pension ill get £159 a week. Its just to keep me afloat till things sort themselves out.

 

I need to GTFO of my pension and put it all in crypto instead.

 

You can purchse an ETN inside your pension.

Opting out of pension is generally a bad idea unless your workplace has a shocking scheme, which are largely banned these days, I only ever refused the workplace pension once out of 7 jobs, and that was because it was a scam.

I have two private pensions, really wish I'd started paying more 10 years earlier. Important to actively manage your finances, and this includes investment.

I only started looking into mine at 40, had some old pensions, but luckily am on track to retire at 55

Everyone really should have a plan that involves retiring at 55.

 

I understand the value of saving for retirement. I'd just rather manage my own investments.

 

Most modern schemes give you a portal where you can pick the funds. However yes you generally have to hold funds, which mandates a long only position. Unless they let you pick inverse ETF.