We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
pension
chris_pike
Posts: 6 Forumite
Should my husband take his private pension in September when he is 65 or defer it? Will that give him any more money in the pot?
0
Comments
-
chris_pike wrote: »Should my husband take his private pension in September when he is 65 or defer it? Will that give him any more money in the pot?
Hi Chris,
It would depend on his position at age 65 and if he is still earning sufficient to manage on. Adding to his pension should increase the pension pot and with market conditions down at present, it's a good time to be putting money to good use.
If he does have sufficient income at 65, the defering his State pension could be a good idea.
I did this and have only just started to take my state pension (now 68) which has increased by £67.21 per week above my normal state pension.
Hope this helps but the information you have given is rather sparce.
SamI'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards