Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Second property or additional payments into pension

1 reply

inspiration101 · 11/03/2023 16:40

Second property or additional payments into pension. As I’m getting near a pension age approximately 20 years off, panicking about income when I’m retired. I can make additional payments of up to approx. £7000 a year. Not sure whether I should do that or save and buy a small house or flat to let to help fund for my retirement years? My work pension Is a local authority pension scheme deemed to be relatively good however it’s not a final salary pension. Any advice on what to do?

OP posts:
Zampa · 11/03/2023 16:48

Paying into a pension is likely more tax efficient for you and doesn't involve the hassle and responsibility of a buy to let.

New posts on this thread. Refresh page