redundant / pension plan

Jul 14, 2003 2 Replies

Dad's likely to be made redundant, he's 63 so just



2 years til retirement - no other details at the moment.

Would I be right in assuming that some of the redundancy payment could be paid into his pension plan in order to give him an additional two years contributions instead of getting cash?



Presumably this would be dependent on the type of scheme and whether it was actually worth making contributions etc..



You are aware that due to his age he may not be entitled to a redundancy payment? He should check with the employer.

thought it was over 65.

quick search,

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's.htm says 64 tho...

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