Pension advice

[foodluva]

Hi,

I have paid into company pensions since I was 20 (I am 38 now and currently in the NHS pension scheme). My husband to be is 36 and has never been in a pension scheme. Is it feasible for him to start one now or would this involve exorbitant contributions to catch up? Does any one have any ideas about how to secure a retirement income for him? We have considered buying another property but buy to let mortgages these days are asking for huge deposits.

Any advice would be appreciated!

[trt]

Take out a private personal pension.

[dzug]

Yes it's feasible to start one now. 'Catch up' is only an option - it's up to you how much you want to pay and how large a pension to aim at.

As already said, get proper advice

[foodluva]

Thanks for your replies everyone.

[redwellies]

Proper advice is important, but so is knowing what the financial advisor's talking about if you get one! Some really know what they're doing, others less so. unbiased.co.uk might help you find professional advice.

The BBC website is a good place to start. And, it's never too late, better save a bit now than nothing at all.