Does she still have entitlement Fred?
she paid in on and off for 20 years so I hope so!
I have a private pension that I started at age 27..Stopped paying in to it aged 33/34.
I asked my accountant if I should pay in a lump sum to make up for a about 10 years of non payments..His advice was just to start regular payments again and not add a lump sum..Long story short he said there were better ways to invest my cash. He charged me 40 Quid for telling me that!
We have been very lucky with our small business investments here and if the internet had not been invented things would have been sooo different.
When we arrived 5 years ago our bank on the Isle of man was paying 7.5% tax free! obviously,that deal has gone pear shaped since..I just feel sorry for the savers that thought they could depend on high interest to live abroad and then had their income cut to nothing.If only they had a crystal ball!
One issue that needs to be considered for UK pensioners wanting to retire in the RP is that inflation here may go up more than their pensions do..
Not to mention exchange rates!
I prefer to earn the local currency if I can.