SERPS? Out or In?

[ringo110879]

I have just received literature from my pension provider asking if i would like to opt back into the government pension scheme, I' no expert but i was advised 5 years ago to opt out. Should i opt back in?

[dodgyshirt]

If you can afford to, do so but still pay into your alternative private scheme as well.

This way you will get the best of both worlds.

[Catso]

There's a lot of 'depends'. You pension provider should send you a forecast of your pension every year; if this is a lot less than the state one, then you're probably better opting back in.

If it's a comparable amount, then it's a lot harder decision!