I never understood pensions and still dont tbh.. i took one out at 16 with the co op and spent the first year paying his fees, stopped paying that one two years later, , self employed for a number of years , then was employed for 10 years which by the time i left was getting a reasonable decent pension paid in , but had enough of carrying other directors.. went back self employed.. after year 2 of not paying anything into that pension an IFA advised to star again so i dropped in 5k 2008 i think (rather than do it monthly .. 1 year later that was worth less than 5k i remember being angry and gutted tbh . no way was i ever doing that again, against the IFA advice i never paid another penny into that fund.. instead i did my own thing with my money.. so I saved 5k a year for 6 years , into a bogo standard current account lol . , and then invested 30k my own way ,
i not sure what that 30k invested back then would be worth today - would be fun to know, i suppose i could check what the pension did return over since then to date Im confident (hope) im min 5x + better off ..
retiring to me means giving up the main job that has become taxing on my mental health and doing something that just fun, for a few £ to allow buying parts for my cars
I cant offer you advice, but i can send you good luck in what ever you decide ..