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  • FIRST POST
    • loulou41
    • By loulou41 4th Dec 17, 7:20 PM
    • 2,642Posts
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    loulou41
    Private pension
    • #1
    • 4th Dec 17, 7:20 PM
    Private pension 4th Dec 17 at 7:20 PM
    I want to start a private pension for my adult son who is his late thirties. He has got a government pension which is frozen as he worked there for only three years. As he works for an agency he is enrolled with nest. The contract usually last for 12 months and when he starts a new contract he then has to wait for three months to be enrolled again. Just wonder in that case whether it is better to opt out as it is casual work. Pl can anybody point me to the right direction as I want to help him to start a permanent pension with monthly contribution. Thanks
Page 1
    • xylophone
    • By xylophone 4th Dec 17, 8:26 PM
    • 23,682 Posts
    • 13,805 Thanks
    xylophone
    • #2
    • 4th Dec 17, 8:26 PM
    • #2
    • 4th Dec 17, 8:26 PM
    He has got a government pension which is frozen as he worked there for only three years
    Deferred, not frozen.

    If he has a job and the employer will contribute than he should not opt out.

    He can start a personal pension to which you can contribute.

    https://www.cavendishonline.co.uk/pensions/ Above might be worth a look.
    • loulou41
    • By loulou41 4th Dec 17, 9:08 PM
    • 2,642 Posts
    • 170 Thanks
    loulou41
    • #3
    • 4th Dec 17, 9:08 PM
    • #3
    • 4th Dec 17, 9:08 PM
    Just wondering whether it is worth topping up the nest pension?
    • Malthusian
    • By Malthusian 5th Dec 17, 9:39 AM
    • 3,460 Posts
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    Malthusian
    • #4
    • 5th Dec 17, 9:39 AM
    • #4
    • 5th Dec 17, 9:39 AM
    Nest has an initial charge on every contribution so assuming he won't get any more employer matching contributions, it would be better to open a new pension with no initial charge.
    • atush
    • By atush 5th Dec 17, 11:44 AM
    • 16,388 Posts
    • 10,142 Thanks
    atush
    • #5
    • 5th Dec 17, 11:44 AM
    • #5
    • 5th Dec 17, 11:44 AM
    You can get the paperwork, you can even fill it out.

    but he has to sign and return it. But youc an put money in for him.

    What is your pension/savings like?
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