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About pensions

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I was told about some kind of pension that you can put some sort of amount in and receive for e.g. £50 a month. Not really clear about it anyone have any idea if there is that kind of pension? if so what kind of company offer it?

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  • xylophone
    xylophone Posts: 45,628 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do you mean that you want to start a pension and will contribute £50 a month?
    http://www.moneysavingexpert.com/savings/discount-pensions
    http://www.cavendishonline.co.uk/pensions/ might be worth a look.
  • dunstonh
    dunstonh Posts: 119,763 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    All personal pensions allow you pay pay in an amount and then at retirement (whether that is tomorrow, next month or 50 years away) will then pay you an income for life.

    Are you perhaps referring to immediate vesting personal pensions? (i.e. immediate turnaround) or a longer timescale?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • JoeCrystal
    JoeCrystal Posts: 3,334 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well, check with your employer if they provide company pension and if so, do they contribute to it.

    Cheers,
    Joe
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