pension advice

joolee_2

not sure where to start with this one so any advice would be great... im 38 yrs and have a government pension. my partner is dutch and is 44 - he moved over last june and is working as a chef in a local pub. he has no private pension and i have no idea what he will be entitled to when he reaches retirement age - whether its something from the uk or from holland or nothing! we have a baby on the way so not much spare cash floating about but i realise we should perhaps think about doing something. any ideas??

EdInvestor

Hi joolee,

I'd have thought he'd be better saving in an ISA at the moment, it's much more flexible. The pension rules are all changing next year, so later on if he has saved up a lump sum he can put it into a pension and pick up all the tax relief in one go, which you couldn't do before. But with a pension, he'll lose access to the capital and won't be able to take an income until he's 55 in 2010). Who knows where you might be living then? Better to keep your options open, I'd have thought.