Additional payments into NHS or private

louloubelle79

hugheskevi wrote: »

Your Normal Pension age is linked to State Pension age - which will be at least age 68 for you.

Thank you I did mean to put 68 :eek:

louloubelle79

justme111 wrote: »

I do not see it as a good value ..
please correct me if I am wrong- 343×12 ×30 (years you have till retirement) =
£ 123000. Interest on it assuming 4% growth would be ( £12300÷2)×0.04×30=£72000 giving in total about 200 k if invested assuming 4%growth. If you taken 4 % annually of it you would have about 8 k and that is leaving capital untouched.
Ok you would save on NI as well and you might preferred no investment risk but in my mind the benefit of it is outweight by freedom to take it earlier if you wanted to and the capital left behind ( or far higher yearly money if you prefer to drawdown capital).

Thank you will find out more :exclamati:exclamati