State Pension Forecast

[Darcydog]

Originally Posted by Dawn

I am really confused. If SERPS was for high earners why was I advised to do it on minimum wage? It has lost money and now I will get less pension even with the SERPs added on. I was very young and gullible when I did it and now I will have a very small pension for something that only lasted a few years.

You should review your options here Dawn - treat it like any other savings scheme - put it where the charges are low and the returns good.

And as I said earlier - most old schemes for contracting out had higher charges than modern schemes.