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Help - No Pension
THE5TH
Posts: 3 Newbie
I'm 51 and have no pension, Yes, stupid, but times flies by so quickly.
I currently earn 38k pa
Absolutely panicking now, can anyone give me some advice on what to do please?
I currently earn 38k pa
Absolutely panicking now, can anyone give me some advice on what to do please?
0
Comments
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start savig now , find a company that offers a final year salary scheme, panic some more
Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
Slimmer of the month February , March ,April
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Have you built up entitlement to the State Pension? (you will only need 30 years of contributions as your retirement date is after April 2010).
If you're talking about a private/occupational pension, then take advice from an Independent Financial Advisor.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Do you own your own place?0
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Hi,
I will have State Pension, but nothing else.
I do own my own home - female divorced.0 -
look at stakeholder pensionssmile --- it makes people wonder what you are up to....
:cool:0 -
No chance you get any of your ex's pension?0
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Well, the thing to stress is that IT'S NEVER TOO LATE. Start now. Do you save anything? If not, you really should give it a bit of a try - ISAs first. But you should definitely go to an IFA - ask around because recommendations are always the best way. You may think your amounts of money are so small it's not worth it; the very opposite is true, a good IFA can make the best of the little you have and, let's face it, you've probably got around 15 years to get a pension underway. Does your employer do any kind of pension scheme?0
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Hi,
I will have State Pension, but nothing else.
How big a state pension?There are two of them and they can vary from as little as 20p a week to as much as 12k a year. If you have worked quite a bit, you could get more than you think.
Check here for more information : www.thepensionservice.gov.uk
Excellent.If really desperate in old age, you can access 50% of its value in cash or as an income via a lifetime mortgage which isn't paid back until after you die.I do own my own home - female divorced.
So things are already not nearly as bad as they might seem :
Do you have other savings/investments?Trying to keep it simple...0 -
I completely agree with chesky above. It's never too late! Anyone can save in a pension up to age 75, and get tax relief on the contributions i.e. if you save 80p the taxman makes it up to £1.
HTH[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0
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