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Pension Query
mbll347
Posts: 3 Newbie
Looking for some help/advice. Is it possiblle to buy a private pension when not working as I will only have the state pension which is under £170 aweek. I know iv left this to late as Im 60 and on eesa and pip and will have less money when i get my pension.
thanks
thanks
0
Comments
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yes. You can contribute £3600 gross per annum until age 74 inclusive.Is it possiblle to buy a private pension when not working0 -
You can contribute £3600 gross
Which is £2880 net - you make a net contribution to your stakeholder/personal pension/ SIPP and the provider will claim £720 and add it to your pension.
https://www.cavendishonline.co.uk/stakeholder-pension
https://www.vanguardinvestor.co.uk/articles/latest-thoughts/retirement/get-ready-for-the-vanguard-personal-pension
https://monevator.com/using-vanguard-lifestrategy-funds-life/
https://forums.moneysavingexpert.com/discussion/comment/71861074#Comment_718610740
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