I am mid 50s with 10,000 SSIA which matured in November last. I have no private pension scheme in operation. If I was to consider putting 7,500 into Pension fund am I late to avail of Government top up of 2,750?
Should I consider putting 10,000 into Post Office and add to it as much as possible - in that way when I retire I will have access to my savings whenever required.
If I start private pension fund at this stage the return will be quite small in 10 years time and the payments will be spread over a long number of years? I will be paying income tax on the amount received as it will be included as income along with State Contributory Pension - and my husband will be availing of full tax credits?
Any advise - please.
Should I consider putting 10,000 into Post Office and add to it as much as possible - in that way when I retire I will have access to my savings whenever required.
If I start private pension fund at this stage the return will be quite small in 10 years time and the payments will be spread over a long number of years? I will be paying income tax on the amount received as it will be included as income along with State Contributory Pension - and my husband will be availing of full tax credits?
Any advise - please.