I am self employed and need to start some pension provision for myself.
I have a pretty good income but payment can be erratic - ie some months I may not have any money coming in but other months will make up for it.
I was wondering if investing in property is a reasonable way to make a pension provision? If I saved for 5-8 years I could put down 20% on a buy to let mortgage, the rental income from which would then at least contribute to if not cover paying off the mortgage, which could in turn generate an income when I retire or be an asset to sell.
Also, DP (not married at the moment but plan to soon) suggested he could contribute as well to saving for a deposit but I feel that it would be better if I did it all myself so that he would have no claim if we ever were to split.
Any other suggestions for a pension for someone with an erratic income?
I will be going to see an IFA soon but want to go with a few ideas in mind rather than completely clueless.
Thanks for any advice.
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Investing in property as a pension?
18 replies
Thistledew · 29/01/2012 23:20
OP posts:
NotYetEverything ·
31/01/2012 11:46
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