Private pension

loulou41

I want to start a private pension for my adult son who is his late thirties. He has got a government pension which is frozen as he worked there for only three years. As he works for an agency he is enrolled with nest. The contract usually last for 12 months and when he starts a new contract he then has to wait for three months to be enrolled again. Just wonder in that case whether it is better to opt out as it is casual work. Pl can anybody point me to the right direction as I want to help him to start a permanent pension with monthly contribution. Thanks

xylophone

He has got a government pension which is frozen as he worked there for only three years

Deferred, not frozen.

If he has a job and the employer will contribute than he should not opt out.

He can start a personal pension to which you can contribute.

https://www.cavendishonline.co.uk/pensions/ Above might be worth a look.

loulou41

Just wondering whether it is worth topping up the nest pension?

Malthusian

Nest has an initial charge on every contribution so assuming he won't get any more employer matching contributions, it would be better to open a new pension with no initial charge.

atush

You can get the paperwork, you can even fill it out.

but he has to sign and return it. But youc an put money in for him.

What is your pension/savings like?