Pension advice please - clueless!

[RooKangaroo]

Hello, my DH has a job where he doesn't get a pension. Basically because his salary is actually an 'allowance' rather than a salary and there's no pension contribution. He's previously had other jobs as well that do pay a pension, but now he's just got the one job and we think this is how things will be for a while.

So he needs to start a private pension. He's 35.

Can anyone help with recommendations for a) the best place to go for one, and b) what proportion he should be looking at paying in. And anything else we should be aware of?

Thanks!

That is strange! Does he or his employer pay tax?

He could speak to Peoples pension or financial advisor.
Recommendation is for half of your age as a % of salary.

Thanks @lifebegins50!

Yes - it's local politics (Council). So all above board, but it's just the way things work out. Unless you're leader of the council or similar, it's pretty much treated (financially and legally) like a voluntary role with an allowance.

That's a big %! Wasn't expecting that. Good to know, thanks!

Do you pay into a private pension ?

I have a self-invested pension which I keep and manage though YouInvest (online platform). It's a good option if you're quite savvy but if it all sounds a bit overwhelming then an IFA would be the best option.

In terms of percentages, it really depends on what's affordable to do, how much the allowances are (i.e. the tax bracket), what age you'd like to retire, how much was saved in previous roles etc.

I'd also like to put it out there that DH is eligible to have a Lifetime ISA - up to 4K a year can be saved and the government tops it up with 25% so up to 1k. Might be worth considering as it won't be taxed when he takes the money out in retirement.