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Retirement strategy for parents (57 years old) - not keen on S&S

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  • Bravepants
    Bravepants Posts: 1,671 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    InvestAcc allow access to cash deposit accounts in their Minerva Sipp and Sipp Lite. I'm about to dump my SIPP cash into an Investec 2 year fixed at 1.95%, via InvestAcc. You can get higher rates for longer fixes.

    Also find out if your mother's Local Authority DB pension allows her to buy more years, or Added Pension.
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    redlfc wrote: »
    thanks - so if he only takes 25% TFLS he can continue depositing normal amount?

    Subject to the rules against recycling: yes.
    Free the dunston one next time too.
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