I posted this in money matters, but I guess it doesn't have so much footfall, wonder if anyone can help?
Just wondering what to do.
I am a teacher, 58 years old and have worked part time for most of my 20 year career. A a result I have just under 7.5 years pension which will be about £3.5k a year. I don't plan to retire for at least 3 years. My pension is protected and we We don't really rely on my salary for anything. I was wondering about paying the maximum in AVCs for the next few years (I work mornings only) to boost the pension, thinking that I wouldn't miss the money so much now and would benefit more from it when I retired.
Has anyone done this or has any advice?