Pension Advice for a complete beginner!

theblackrose

Hi anyone who may read this

I am looking for some advice about pensions. I've read through the bits on here but shamefully I cannot make sense of it! My father is turning 60 this year & it worries me that he does not have a pension/retirement plan apart from the government one. I want to make sure that when he does retire he will at least be able to live comfortably. I know that sorting a pension plan out at this age is probably difficult but I would just be grateful for any advice. He saves regularly but this is always used on family at Birthdays & Christmas. He has always been one to look after everyone else rather than himself. He does not have any debts. I think he would possibly be able to put £100 aside a month for this. I'm also thinking about sorting something out for my partner and I. With the employment situation the way it is I feel its better to be safe than sorry. We are both in our late twenties.

Any advice would be very much appreciated. Thank you

Lokolo

The basic state pension currently pays £97.65 a week.

Theres a small calculator and information here:

http://pensions-service.direct.gov.uk/en/state-pension-age-calculator/home.asp

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£100 a month is going to make little different, but some is better than none, sometimes. I am sure someone with more knowledge will come along soon though.