.am 61 at moment best options to increase that amount if possible any advice would be welcomed thankyou
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Pension
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hiviz
- Posts: 3
- Joined: 05 Oct 2012, 08:54
- Gender: Male
Pension
Hello looking for advice please I have take my lump sum at 55 and have a monthly amount paid into my account.Took out a scottish widows 10 year pension plan anticipate 30000 at 65 following advice from Robert T if I had his contact no I would like to buy him 
.am 61 at moment best options to increase that amount if possible any advice would be welcomed thankyou
.am 61 at moment best options to increase that amount if possible any advice would be welcomed thankyou-
RobertT
- EX ROYAL MAIL
- Posts: 6647
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Pension
The 'easiest' way to increase it is to save more, although that's not necessarily going to be easy at the moment due to the cost of living, etc.
It's not 100% clear from your post, but assuming your SW pension is via RM. Please bear in mind that once the new CDC scheme starts(assuming it does), no more contributions will be allowed into any of the current RM pension schemes, or AVC's.
You will have the choice of joining CDC or Nest.
More info here: https://www.myroyalmail.com/collective-plan
It's not 100% clear from your post, but assuming your SW pension is via RM. Please bear in mind that once the new CDC scheme starts(assuming it does), no more contributions will be allowed into any of the current RM pension schemes, or AVC's.
You will have the choice of joining CDC or Nest.
More info here: https://www.myroyalmail.com/collective-plan
Links to all RM pension related websites are here