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Result ..what next
Mnd
Posts: 1,699 Forumite
A few months ago I posted regarding my wifes pension forecast. Although she had 41 full years NI contributions she still needs 6 to get to full state pension.
Obviously this meant that she had been contracted out, but, she had no idea of when, certainly in the 15 years sInce we have been together I have seen no paperwork, but anyway..
Following advice from this forum, we spent an hour this morning phoning pension lines we tracked down a pension fund with reassure of £52375.06p. A life changing amount for us.
So now a quick summary of our retirement plans
I am 63 in may.. I intend to retire this time next year
I have a works pension of £6.5k (4k widows pension,) and full state pension of £182 a week when I get this it can be saved into my wife's pension fund until she retires
My wife is 6 years younger than me and wants to carry on working until 62. By then all told we should have approx £100k saved and will live off that and my pensions for a while to enhance my wife's state pension. For large expenses I am more than happy to use equity release. We will not be downsizing and nobody to worry about inheritance. So thanks to your for your advice and I look forward to your comments.
Obviously this meant that she had been contracted out, but, she had no idea of when, certainly in the 15 years sInce we have been together I have seen no paperwork, but anyway..
Following advice from this forum, we spent an hour this morning phoning pension lines we tracked down a pension fund with reassure of £52375.06p. A life changing amount for us.
So now a quick summary of our retirement plans
I am 63 in may.. I intend to retire this time next year
I have a works pension of £6.5k (4k widows pension,) and full state pension of £182 a week when I get this it can be saved into my wife's pension fund until she retires
My wife is 6 years younger than me and wants to carry on working until 62. By then all told we should have approx £100k saved and will live off that and my pensions for a while to enhance my wife's state pension. For large expenses I am more than happy to use equity release. We will not be downsizing and nobody to worry about inheritance. So thanks to your for your advice and I look forward to your comments.
No.79 save £12k in 2020. Total end May £11610
Annual target £24000
Annual target £24000
0
Comments
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Must be nice to suddenly realise you have £52k that you didnt know about. I can imagine your reaction.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.0
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