Hi,
Not sure if this is the right area to post in.
My Dads been offered redundancy in his job, he was going to retire at 64/65 but he is being offered a lump sum of circa 20,000 euro if he takes redundancy now, the company are trying to downsize.
He is an engineer.
he has only ben paying a pension for the last 10 years or so.
We're wondering what he should do with the 20K, can he invest it into his pension?
Should he invest it elsewhere?
he reckons he will only get about 250 a week for a pension.
we are in the process of locating all required information about his pension over the last 10 years to see how much he actually paid.
Where should we look for further info, who should he talk to?
All advice is greatly appreciated.
Not sure if this is the right area to post in.
My Dads been offered redundancy in his job, he was going to retire at 64/65 but he is being offered a lump sum of circa 20,000 euro if he takes redundancy now, the company are trying to downsize.
He is an engineer.
he has only ben paying a pension for the last 10 years or so.
We're wondering what he should do with the 20K, can he invest it into his pension?
Should he invest it elsewhere?
he reckons he will only get about 250 a week for a pension.
we are in the process of locating all required information about his pension over the last 10 years to see how much he actually paid.
Where should we look for further info, who should he talk to?
All advice is greatly appreciated.