Spend or Invest Returned Pension Cheque??

[Wee Kaz]

I recently left a company a few months ago and at the time contributed to their company pension scheme but as I was only there for a year I got my contributions back and couldn't transfer to my new company pension scheme so I got a cheque for 1K. I'm now with a new company and was wondering if I should spend the cheque on something worthwhile like the house (as it needs it) or transfer it in to my new pension scheme?

My question is, it is more beneificial to put the money to my new pension scheme now and wait till I retire to reep the benefits? i.e. would 1K added on to this scheme now really make a significant difference in 30 years time?
OR
If it's not really worth it should I invest it in the house by decorating which is my other line of thought and it's also a long term investment for my future/retirement??

[Wee Kaz]

I think you are right mdoo98, for what it's worth I think I'll end up doing the same thing. In the grand scheme of things, what is 1K over 30 years anyway, it's a drop in the ocean. Not only that, the whole pension thing is a pig in a poke just now so God only knows what it will be like in 30 years time - if there even is one!

Happy holiday mdoo98!