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How can I boost my local authority pension?

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Hi All

I am 54 and have worked for most of my life in the voluntary sector without a pension. I now work for a local authority but only have 6 years contributions.
How can I boost my pension?
I am thinking of buying additional years contributions but when I last asked an advisor from the pensions team, they indicated that I would only be getting out the same as I put in so it would not be worth it.
I have a house in a very nice area and have discussed retiring to Spain and one thing I considered is to use capital to purchase a large number of years.
Is this possible and what would be the cost of such a purchase?
Do I need to pay equivalent of all contributions - mine and the council or just mine?
Or should I start to stock up on beans?

Thanks
It may be a dog's life but does he look like he's worried about money?

Comments

  • Fairzo
    Fairzo Posts: 385 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I suggest you post this in the Pensions Forum, not credit cards.
  • Thanks will do
    I do find the site very useful but in all the advice there's no easy "how to " stuff
    It may be a dog's life but does he look like he's worried about money?
  • baldy_pete wrote: »
    Thanks will do
    I do find the site very useful but in all the advice there's no easy "how to " stuff
    I would suggest contacting an independent financial adviser specialising in pensions before doing anything.
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