Two public servants, 56 & 55, will retire in few years..but due to changing jobs etc neither will have full pension (maybe 27 years each)
No AVcs but intend doing them now to boost pensions
Only small balance left on mortgage on house (maybe 40k left- 5 years left) House value about 700k and near all amenities we'll need as we get older.
One son has own house, other returning from abroad soon and seeking to buy a house.
250k odd cash in state savings + pension lumps sums to come when we retire..
So, pensions being small enough, what's best options to use the cash to assist in retirement?
No AVcs but intend doing them now to boost pensions
Only small balance left on mortgage on house (maybe 40k left- 5 years left) House value about 700k and near all amenities we'll need as we get older.
One son has own house, other returning from abroad soon and seeking to buy a house.
250k odd cash in state savings + pension lumps sums to come when we retire..
So, pensions being small enough, what's best options to use the cash to assist in retirement?