Pensions
#4
I have just seen an article which says that if you pay voluntary extra pension contributions, they will take your money, but the pension will be the same for everyone after 2012 and you will not get a refund of the extra cash you paid them.
Les
Les
#5
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You guys all work your socks till your 65(thats if you make it), then enjoy the 15 years(average life expectancy) spending your extra fifty quid a week. Personally this country gets more and more like communist china each day.
My advice save up then at ripe of age of fifty before your old fella goes south, get a one way ticket to Thailand and enjoy. No ladyboys though
My advice save up then at ripe of age of fifty before your old fella goes south, get a one way ticket to Thailand and enjoy. No ladyboys though
#6
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I've cut my Pension right back. Hardly pay anything into it now, about £55/month. It was losing a fortune in it.
I think I need £1.5m in the fund to get the equivalent of £20k per annum when I retire.
With ever increasing bills, something has to give. Plowing £300+ a month into something that was losing money, it was a no brainer.
I'm now relying on the Lottery for my pension. Plus I hope I drop down dead on my 70th Birthday.
I think I need £1.5m in the fund to get the equivalent of £20k per annum when I retire.
With ever increasing bills, something has to give. Plowing £300+ a month into something that was losing money, it was a no brainer.
I'm now relying on the Lottery for my pension. Plus I hope I drop down dead on my 70th Birthday.
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#8
Originally Posted by stilover
I've cut my Pension right back. Hardly pay anything into it now, about £55/month. It was losing a fortune in it.
I think I need £1.5m in the fund to get the equivalent of £20k per annum when I retire.
With ever increasing bills, something has to give. Plowing £300+ a month into something that was losing money, it was a no brainer.
I'm now relying on the Lottery for my pension. Plus I hope I drop down dead on my 70th Birthday.
I think I need £1.5m in the fund to get the equivalent of £20k per annum when I retire.
With ever increasing bills, something has to give. Plowing £300+ a month into something that was losing money, it was a no brainer.
I'm now relying on the Lottery for my pension. Plus I hope I drop down dead on my 70th Birthday.
#9
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That tosspot brown tells us all to save for our future but WTF with? HE takes all our fecking dosh and gives it to illegal immigrants or chavscum. Last thing i want is to put all my hard earned into a 'safe' pension then find some gungho **** like Leeson or Maxwell has decided to fritter it up against the one legged horse at Newmarket
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Originally Posted by TopBanana
Why was your pension losing money? Easily fixed...
First 2 years of my Pension, I was getting a return of about 27%. After that it was nowhere near, then running at a loss. It might have picked up now, but to be honest I don't care. Don't have the money to put into it now.
I needed an increase of 12% a year to reach my target. When the Government had there Pension review, I needed 15% each year. Wasn't getting either.
My original pension plan was also to increase my payments 6% every year. That would now be about £350-400 a month now. Just stupid considering everything costs more.
#11
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Originally Posted by Curse of the Rushing Gimp
That tosspot brown tells us all to save for our future but WTF with? HE takes all our fecking dosh and gives it to illegal immigrants or chavscum. Last thing i want is to put all my hard earned into a 'safe' pension then find some gungho **** like Leeson or Maxwell has decided to fritter it up against the one legged horse at Newmarket
Then when you do save, the claim Tax on your savings, make you pay for your own care when you need to go into a home. Why? Because you saved some money. Then when you die they slap your family with inheritance Tax, as most homes now qualify.
#12
I'm really looking forward to old age.Selling my home to pay the care home fees.
Had a pension fund and was told would retire on 2/3 final income.....
Then 50%.....
etc etc.I have no faith in pensions.Nor does anyone I speak too(except Financial Advisors)
Had a pension fund and was told would retire on 2/3 final income.....
Then 50%.....
etc etc.I have no faith in pensions.Nor does anyone I speak too(except Financial Advisors)
#13
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Poor old guy i worked with, he paid extra into his pension (final salary) for years, always paid the maximum amount etc and was left with a very nice £30k p/a pension as a result....after many many years whittling and worrying and stressing about it. He died less than Six months after he retired
#14
Originally Posted by Nat21
Poor old guy i worked with, he paid extra into his pension (final salary) for years, always paid the maximum amount etc and was left with a very nice £30k p/a pension as a result....after many many years whittling and worrying and stressing about it. He died less than Six months after he retired
#15
Originally Posted by TopBanana
That seems very unfair, but at least he had peace-of-mind for his future whilst he was still around.
#16
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Originally Posted by ***Nemesis***
and also almost certainly a nice fat tax free cheque when he retired and a pension for life for his widow. Not that bad value for money.
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