So you are married?My partner and I are joint assessed.
Were these people by any chance trying to sell you AVCs? It's a bit apples and oranges anyway as it depends on your time horizon and risk tolerance.I've been advised by two separate pension advisors, both experts in public sector pensions, that the rates currently charged for buying back years are not competitive, and I'd be better off putting any spare funds into an AVC rather than starting a new contract to buy back more years.
Were these people by any chance trying to sell you AVCs? It's a bit apples and oranges anyway as it depends on your time horizon and risk tolerance.
As I understand it only if you are making spouse's and children's-level contributions. You are doing that, right?Buying back 10 years would cost about 90 euro a week. The spouse would get the money if anything happened as it would go into your estate.
Nothing in life is certain, and no guarantee that hanging round for a few more years will see recovery in value.If the fund value was low then, I would be inclined to delay retirement until the fund value was reasonable. This would be very stressful if I was depending on it.
At 65 you will get your "supplementary" civil service pension until you get the contributory state pension at 66 (or 67 if the age has risen by then). If you want to bridge a gap and are very risk averse just put it in state savings products.as I really want something to bridge the gap between 63 and 67.
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