What if I drop out?
Around a third of the people who buy personal pensions stop paying into them within three years. Dropping out like this can mean that you lose a lot of the money you’ve already paid in. So before you buy a pension, you need to be sure that it is the right one for you.
Each pension scheme has different arrangements. If you are thinking about buying a personal pension, you should first find out what would happen if you could not continue making payments and how much it would cost if you wanted to move to a different scheme.
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