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Women could buy a pension worth £30,656 for only £421

 

Are pensions worthwhile?

How do you replace lost savings income?

 

 

Are pensions worthwhile?

Steve Weisner - Independent Financial Adviser Radcliffe & Newlands

 

Women with under 10 qualifying years of national insurance are entitled to no Basic State Pension (BSP), but as soon as they reach 10 qualifying years they are entitled to 26 per cent of the full basic state pension. If a woman only has 9 qualifying years, the cost of buying Class 3 NI contributions to get an extra year and qualify for 26 per cent of the full pension is currently only £421.20.

This year, the full BSP is £90.70 a week, meaning that 10 qualifying years would be needed to get a pension of £23.58 a week. But, according to figures from Standard Life, if they were to buy an index-linked pension on the open market to draw the same amount per week, it would cost £30,656.

Even if you already have 10 qualifying years, it could still be worthwhile to buy extra years. The price is set to rise by around 50% in April so talk to your adviser straight away to see if it’s suitable for your circumstances.

Give Steve a call and find out how he can help you with your Pensions.

Steve Weisner
Independent Financial Adviser
Radcliffe & Newlands
5th Floor Crystal Gate
28-30 Worship Street
London
EC2A 2AH  

Tel: 020 7382 0437
Fax: 0207 374 0462
Email: SWeisner@myeggnest.com
www.rad-new.com

If you have a question or if you would like to discuss becoming a client with Radcliffe & Newlands then do please complete the very short form on the right hand column of this page.

You will usually get an answer within 24 hours except during the weekend or bank holidays.

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Women could buy a pension worth £30,656 for only £421

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ISA - Use it or Lose it

Are pensions worthwhile?

I want to build a portfolio where do I start?

Introducing Investment Bonds

Is a SIPP for me?

Little and often for a big reward

The Rise and Fall of the equity market

 

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Interesting Fact

50% Of Mortgages Holders Are Paying Far Too Much


An astounding piece of market research just released shows that over 50% of all UK mortgage holders are paying far too much in monthly repayments. This is because their mortgage rates are based on a Standard Variable Rate (SVR) instead of other cheaper plans like trackers, fixed and discounted.

Folks, the mortgage sector is crying out for your business right now so do some research into what's being offered and you could find your monthly repayments slashed by up to 25%!

To find out you could reduce your monthly mortgage repayments, please speak to Steve where he'll be happy to help you.

Steve Weisner
Independent Financial Adviser
Radcliffe & Newlands
5th Floor Crystal Gate
28-30 Worship Street
London
EC2A 2AH

Email: sweisner@rad-new.com
Tel : 020 7382 0437
Fax : 020 73740462  

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