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Added years vs more income
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penwise
Posts: 398 Forumite
I know civil service stopped ability to buy years and now can buy added income. But not sure why did they do this and which is better?
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Buying added income, if it is similar to the NHS scheme, you can purchase in blocks of £500 p.a. This is of course cheaper for the employer to fund, rather than an unknown income.
Depending on the pricing, it may still be good value.Stephen Covey once said that "when you teach once, you learn twice". That is the primary reason for my participation on the forums as an IFA.
Although I strive to provide accurate information in my posts, there may be the odd time when I fail. Yes I know it's hard to believe but even Your Hero can make mistakes. Apologies in advance.0
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