Missing a few years on your pension record could cost you thousands in retirement. Whether it was a career break, working abroad, or raising a family, you might be able to fill those gaps.
You can choose "joint-life" options to provide for a partner after you're gone. buying a pension
AI responses may include mistakes. For financial advice, consult a professional. Learn more Missing a few years on your pension record
Some public sector or "defined benefit" schemes allow "service buybacks" using a lump sum [34]. or raising a family
This is the most common form of "buying a pension," where you use a lump sum (your pension pot) to purchase a guaranteed income for life.