60 year old Pension Advice
Discussion
Keeping it brief my Dad is 60 has a private pension, a People's Pension from a previous employer and a Now Pension with a current employer.
I've told him to increase workplace contributions to Now and get his overtime and bonuses paid into there as he didn't know you could do that and was complaining about the tax he pays on bonuses and overtime.
I'm just a bit stuck on what to do with the People's Pension one. If your looking to retire in 7 years what would you invest in? He could move it to the private one but I don't know what it's invested in or what the returns have been like.
Thanks in advance. I've only just started reading the finance section of this site but there's so much useful information.
I've told him to increase workplace contributions to Now and get his overtime and bonuses paid into there as he didn't know you could do that and was complaining about the tax he pays on bonuses and overtime.
I'm just a bit stuck on what to do with the People's Pension one. If your looking to retire in 7 years what would you invest in? He could move it to the private one but I don't know what it's invested in or what the returns have been like.
Thanks in advance. I've only just started reading the finance section of this site but there's so much useful information.
Start with a free government funded appointment:
https://www.gov.uk/personal-pensions-your-rights/g...
https://www.gov.uk/personal-pensions-your-rights/g...
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