Penshun

I've just had my house valued. I bought it about 2 1/2 years ago, and if I sold it for the asking price, it would fetch a profit of £76 000. That equates to about 30% profit in less than 3 years. Pretty staggering ROI don't you think? Conversely, I have been contributing to a pension fund for 5 months. I checked the figures today, and I am actually £16 down on the amount I have paid in. I've never been particularly good at maths (or 'math', if you are reading this from North 'merica), but what is the point of having a pension? I could have put the money in an Abbey National kids account and earnt more interest.