help with hubbys pension

loopy_lou_6

Hi all, this forum is great and many thanks to all you wise guys who contribute your time and expertise especially dunstonh and edinvestor whose "friendly banter" just completely cracksme up!I am at the moment doing a complete overhaul of our finances and want to ask some advice about hubbys pension.He is 39 and in 1991 was self employed as afarmer and took out a small personal pension with the CIS paying in contributions of £30 a month for about 2 years then he upped it to £50 a month which he has paid ever since although he has only paid £39 into it for the last few years because of different tax laws or because he is now self employed? On the original paperwork it says he will get a cash sum of £21400 and a guaranteed pension of £80 I presume this is a month?On his last statement it says he wiil have a fund of £36,482 which will give him a yearly pension of £1,750. This includes an annual bonus attaching after bonus declaration for 2003.Rubbish I know.His policy runs to 2032. we are def going to keep this pension up.the thing is we want to either up it or start some other kind of pension vehichle for him, and also i need to start a pension. at the moment i am doing all this in bite size chunks cos i can only cope with so much jargon and facts and figures, my poor brain wont take it. I have rang the CIS and they are coming round to our house on tues to discuss it. basically I want to know what questions I should ask this guy about this pension to make it clear in my mind what his lump sum might be and what his fund will be. should we pay more into this or start a new one? Is this PP rubbish? We live quite within our means although we dnt earn loadsa money and only have a small mortgage which we already overpay into.I expect I will be posting for lots of advice over the coming months as I do my research on different options so thankyou sooooo much in advance for any advice::T