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Downsize to fund pension?
Comments
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Do you have a spouse/partner? Do they have a pension? Do they earn enough that you could put all/some of your current income into a PP or Sipp?
I agree at 43 with 71K, and having a good financial set up, you will be working more and could possibly get employed rather than SE once your children are older.
I would not advise downsizing while your children are still young/at school.0 -
Thanks Atush. I am on my own. You are right that it is probably just a question of working more when the kids are older.0
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And if you have an employer rather than being SE, your employer will pay in too.
The best pensions tend to be those where others pay in for you
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