pension

chris_pike

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?

SeniorSam

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.

Sam