Choice of pension fund

[Protagoras]

The downside with that is if the dumping of all bar minimum wage into a SIPP (or other pension vehicle) is to maximise saving while cutting back on NI payments, those options won't work with that strategy.

Are these options "cash or money market fund"?

There are SIPPs that allow cash to be held i.e. it's not necessary to invest the whole of the pension contribution in shares or funds. The interest rate on the cash may not be great, but it is an option.

There are also SIPPs that allow one to invest in funds - including money market type funds.

Given that the products are available, why don't they work with a strategy of taking minimum wage / maximum pension contributions?

[ladymuck]

Are these options "cash or money market fund"?

There are SIPPs that allow cash to be held i.e. it's not necessary to invest the whole of the pension contribution in shares or funds. The interest rate on the cash may not be great, but it is an option.

There are also SIPPs that allow one to invest in funds - including money market type funds.

Given that the products are available, why don't they work with a strategy of taking minimum wage / maximum pension contributions?

Apologies, I misunderstood. I read it as alternatives to a pension vehicle. On re-reading, I should have read it properly