Flexible pension plan or buy 2nd property?

Bigmoe

atush wrote: »

Don't close your old ISAs from 2003 and before. As long as you contributed when resident in the UK, those can stay. Put the rest into a high interest savings acct.

You need a pension, but I'd be inclined to stay in GBP cash and funds until you return then start contributing.

Why will your income go back down to 10K? Haven't you gotten good work experience from the job in India that can be used in the UK?

You can make NI contributions while abroad. Contact the Dept of work and pensions.

This job is a bit of a one-off. I might get something based upon it, but realistically it'll never pay anywhere near what I get now.

Bigmoe

fairleads wrote: »

I'm sure it still is an option, through voluntary class 11 contributions. Further, it may still be possisble to back pay some of the missing yrs. In addition, come retirement, your wife will also receive a small pension based on your contributions alone.

Good info. Thanks.