10 silk cut 3.70p, pension where does the money go if i die early?
25 March 2011, 11:02 AM
#1
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10 silk cut 3.70p, pension where does the money go if i die early?
I remember I used to buy **** for 1.20p im shocked 3.70p from a corner shop what’s the world coming too?
My mrs has a very good job which pays towards her pension she apparently contributes 80 pounds a month towards it I asked her when she will be entitled to this money she said when shes 65.
If I go for a pension scheme what happens if I pass away early? As no one has a guarantee to live this long.
My mrs has a very good job which pays towards her pension she apparently contributes 80 pounds a month towards it I asked her when she will be entitled to this money she said when shes 65.
If I go for a pension scheme what happens if I pass away early? As no one has a guarantee to live this long.
25 March 2011, 11:08 AM
#2
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Silk Cut - the *** of pussies.
B&H Gold - puts hairs on your chest!
Most modern pension shemes allow you to complete an "expression of wish" - not a trust as such as the pension itself is wrapped in a trust. The expression of wish indicates to the pension trustees who you wish the money to be paid if you die. In probably all cases the entire pension fund is paid to whoever you wish.
Plus, £80 isn't enough. Unless the premium is going to go up in line with something like inflation or a % of her wages it won't produce enough at 65 to provide a reasonable income in retirement.
If you are thinking of about £100 a month, a stocks and shares ISA might be better suited and is far more flexible. On death, the ISA status is lost and can either be encashed or will become a collection of Unit Trusts which could be passed to your wife.
make sure your Wills are up to date too.
B&H Gold - puts hairs on your chest!
Most modern pension shemes allow you to complete an "expression of wish" - not a trust as such as the pension itself is wrapped in a trust. The expression of wish indicates to the pension trustees who you wish the money to be paid if you die. In probably all cases the entire pension fund is paid to whoever you wish.
Plus, £80 isn't enough. Unless the premium is going to go up in line with something like inflation or a % of her wages it won't produce enough at 65 to provide a reasonable income in retirement.
If you are thinking of about £100 a month, a stocks and shares ISA might be better suited and is far more flexible. On death, the ISA status is lost and can either be encashed or will become a collection of Unit Trusts which could be passed to your wife.
make sure your Wills are up to date too.
25 March 2011, 11:09 AM
#3
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to me cigaretts should cost way more than they do, they have no benefit at all, yet cause various serious deseases that cost the health service and tax pay a hell of alot of money.
and step down from my high horse,,, lol
there will be a section in the T's and C's ragarding it, some pension schemes automaticly come with life insurance. as far as the outstanding balance i believe it transfers to your designated next of kin (mines does anyway)
and step down from my high horse,,, lol
there will be a section in the T's and C's ragarding it, some pension schemes automaticly come with life insurance. as far as the outstanding balance i believe it transfers to your designated next of kin (mines does anyway)
25 March 2011, 11:19 AM
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Silk Cut - the *** of pussies.
B&H Gold - puts hairs on your chest!
Most modern pension shemes allow you to complete an "expression of wish" - not a trust as such as the pension itself is wrapped in a trust. The expression of wish indicates to the pension trustees who you wish the money to be paid if you die. In probably all cases the entire pension fund is paid to whoever you wish.
Plus, £80 isn't enough. Unless the premium is going to go up in line with something like inflation or a % of her wages it won't produce enough at 65 to provide a reasonable income in retirement.
If you are thinking of about £100 a month, a stocks and shares ISA might be better suited and is far more flexible. On death, the ISA status is lost and can either be encashed or will become a collection of Unit Trusts which could be passed to your wife.
make sure your Wills are up to date too.
B&H Gold - puts hairs on your chest!
Most modern pension shemes allow you to complete an "expression of wish" - not a trust as such as the pension itself is wrapped in a trust. The expression of wish indicates to the pension trustees who you wish the money to be paid if you die. In probably all cases the entire pension fund is paid to whoever you wish.
Plus, £80 isn't enough. Unless the premium is going to go up in line with something like inflation or a % of her wages it won't produce enough at 65 to provide a reasonable income in retirement.
If you are thinking of about £100 a month, a stocks and shares ISA might be better suited and is far more flexible. On death, the ISA status is lost and can either be encashed or will become a collection of Unit Trusts which could be passed to your wife.
make sure your Wills are up to date too.
After 15 years of embassy number one I think I have a forest on my chest lol
Should have been a bit clearer her company contribute a larger chunk towards it.
I think I will start looking at ISA.
25 March 2011, 11:32 AM
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to me cigaretts should cost way more than they do, they have no benefit at all, yet cause various serious deseases that cost the health service and tax pay a hell of alot of money.
and step down from my high horse,,, lol
there will be a section in the T's and C's ragarding it, some pension schemes automaticly come with life insurance. as far as the outstanding balance i believe it transfers to your designated next of kin (mines does anyway)
and step down from my high horse,,, lol
there will be a section in the T's and C's ragarding it, some pension schemes automaticly come with life insurance. as far as the outstanding balance i believe it transfers to your designated next of kin (mines does anyway)
cool i better check her papaer work then
if the governemnt want to stop smokers then everyone should cold turkey it and they should make illegal however i think they make enough money from cigis so they wont ban it!
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25 March 2011, 12:18 PM
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It is hard, but life is not easy. There is plenty of help out there to stop you, get some!
25 March 2011, 12:46 PM
#10
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I smoke but wouldn't miss it if it was banned. I usually only have 1 or 2 a day - some life assurance companies vew less than 10 a day as low risk. I smoke Malboro Lights which are usually the most expensive on the shelf. I try to pace myself between my mum going to spain and picking up 200 for me so as not to buy in the UK.
25 March 2011, 01:10 PM
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People like you are costing the country money by avoiding paying tax, however little.
Shame on you for getting your mother involved in illegal activities!
Shame on you for getting your mother involved in illegal activities!
25 March 2011, 01:12 PM
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It would take an awfullot of convincing for me to take out a pension,unless i was in a government job taking home 100k+.
I know of a few folk who died too early to cash in their pension and hear of toomany folk getting a ridiculous amount back after all those years paying into it.
Unless your lucky to stay alive for a good long time, i can't see you ever really reaping the benefits.
On the cig side, theres a few guys round my way that have out-lived plenty other people even though they have smoked and drank all their life. There's no reasoning for it, but the body acts in mysterious ways...
I say, do what pleases you.
I know of a few folk who died too early to cash in their pension and hear of toomany folk getting a ridiculous amount back after all those years paying into it.
Unless your lucky to stay alive for a good long time, i can't see you ever really reaping the benefits.
On the cig side, theres a few guys round my way that have out-lived plenty other people even though they have smoked and drank all their life. There's no reasoning for it, but the body acts in mysterious ways...
I say, do what pleases you.
25 March 2011, 01:14 PM
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It's amazing how many people refuse to, even though money is tight.
Reading about a family living on Benefits. 2 kids.
They were complaning that after the Budget, they would be worse off due to the rise in price of **** and Booze.
So, money is tight as you're on benefit? Yes.
You have 2 kids? Yes
Why not give up smoking, that not only gives you more money every week to pay for heating, food, clothes for your kids, but also stops your kids breathing in your second hand smoke? No.
Some people.
Reading about a family living on Benefits. 2 kids.
They were complaning that after the Budget, they would be worse off due to the rise in price of **** and Booze.
So, money is tight as you're on benefit? Yes.
You have 2 kids? Yes
Why not give up smoking, that not only gives you more money every week to pay for heating, food, clothes for your kids, but also stops your kids breathing in your second hand smoke? No.
Some people.
25 March 2011, 01:19 PM
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It would take an awfullot of convincing for me to take out a pension,unless i was in a government job taking home 100k+.
I know of a few folk who died too early to cash in their pension and hear of toomany folk getting a ridiculous amount back after all those years paying into it.
Unless your lucky to stay alive for a good long time, i can't see you ever really reaping the benefits.
I know of a few folk who died too early to cash in their pension and hear of toomany folk getting a ridiculous amount back after all those years paying into it.
Unless your lucky to stay alive for a good long time, i can't see you ever really reaping the benefits.
Nice!
25 March 2011, 01:48 PM
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My grandfather died a few months into his retirement , diabetes , and this gave my ole man the impetus to give up full time repsonsibilty / earnings ( unilever ) when he was sub 35 lol
25 March 2011, 01:52 PM
#19
I think people forget how Lucky they are to be able to afford a pension.
Im stuck between living for now or living for old age.
Theres no way i could afford to put £100 aside each mth,if i did,id be living in poverty Now,not when im older.
My pension is my house,its my only option,sell it when im older (or whatever property if im lucky enough to be still owning my own house) and downgrade and live off the profit from selling the bigger one and claim state pension if there is one.
If there isnt one,i`ll have hopefully 10 yrs or so of money from the profit to live on,after that,well,i`ll be 70 odd and wont care LOL
Im stuck between living for now or living for old age.
Theres no way i could afford to put £100 aside each mth,if i did,id be living in poverty Now,not when im older.
My pension is my house,its my only option,sell it when im older (or whatever property if im lucky enough to be still owning my own house) and downgrade and live off the profit from selling the bigger one and claim state pension if there is one.
If there isnt one,i`ll have hopefully 10 yrs or so of money from the profit to live on,after that,well,i`ll be 70 odd and wont care LOL
25 March 2011, 01:57 PM
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My old man worked for over 50 years and got 2 & 1/2 years state pension for it...
dunx
P.S. I'm sure a repeat offender could shoplift their way into prison come retirement that's my plan !
dunx
P.S. I'm sure a repeat offender could shoplift their way into prison come retirement
that's my plan !
25 March 2011, 02:05 PM
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spoke with a woman/client the other day.
on 200 **** a week, she used to be on 400.
all paid for by benefit.
nice.
ps- you need a pension, they'll be nothing left for you in yrs to come.
you might die tomorrow, you might die when yr 90.........
but if you pay in now/early at least there is a chance of finishing work early.
plus death benefits if you do pop off now- for yr family. i.e my wife would get about £140K now and about £15k a yr if I shuffled off..........
on 200 **** a week, she used to be on 400.
all paid for by benefit.
nice.
ps- you need a pension, they'll be nothing left for you in yrs to come.
you might die tomorrow, you might die when yr 90.........
but if you pay in now/early at least there is a chance of finishing work early.
plus death benefits if you do pop off now- for yr family. i.e my wife would get about £140K now and about £15k a yr if I shuffled off..........
25 March 2011, 02:13 PM
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Die early and your contributions go to pay the pensions of the surviving members of the fund. All balanced by actuarial calculations.
Always wondered the opposite. Say there's 5 surviving fund members and the fund has funds to pay them for another 10 years and then four are killed in a car crash. Does the last survivor get a big windfall
Always wondered the opposite. Say there's 5 surviving fund members and the fund has funds to pay them for another 10 years and then four are killed in a car crash. Does the last survivor get a big windfall
25 March 2011, 02:48 PM
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Im counting on some fat sweaty nurse to be wiping my **** when Im 70. Ive paid taxes all my life and hell, Im going to make sure I get it back, one way or another !
25 March 2011, 02:57 PM
#27
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25 March 2011, 03:06 PM
#28
I stopped. Instantly. It wasn't difficult and I never looked back. Several of my other colleagues gave up like this too.
Giving up and the power to do so is truly all in the mind. Nicotine? Pfff.
Picture yourself in five years time, sitting with the doctor and being told what my colleague was told and then imagine saying "well If only I could have quit..... but it was just too hard"
or
"I tried but it was too stressfull"
or
"I just enjoyed them too much"
or
"oh well, 6 months is quite a long while..."
"I'm sorry son, daughter, my love, I have 6 months left to live (because I just couldn't give up smoking)
How about aranging your own funeral and paying for it, pickng out the coffin etc so your kids wont have to?
Enjoy your ****
25 March 2011, 03:08 PM
#29
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Personally, I don't have the cash to make up the difference so smoke away please!
5t.
25 March 2011, 03:12 PM
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Don't know if its true but the government are supposed to make more from **** than the cost to the NHS. I'm not sure it really takes in the wider issues regarding smoking though.
I smoke but wouldn't miss it if it was banned. I usually only have 1 or 2 a day - some life assurance companies vew less than 10 a day as low risk. I smoke Malboro Lights which are usually the most expensive on the shelf. I try to pace myself between my mum going to spain and picking up 200 for me so as not to buy in the UK.
I smoke but wouldn't miss it if it was banned. I usually only have 1 or 2 a day - some life assurance companies vew less than 10 a day as low risk. I smoke Malboro Lights which are usually the most expensive on the shelf. I try to pace myself between my mum going to spain and picking up 200 for me so as not to buy in the UK.
Edd scott
Think the government make a nice income from it, in Egypt I can pick up a 20 box for 50p in the uk 7.50, if the Egyptians can make a profit on a 50p packet then the uk government are making some serious money. As shop keepers don’t make much on ****.
Gigsy
I did and I’m booked in to go see the nurse next week I tried the tablets before but they left me a sore throat.
Dave boy
My boss offered to me in a scheme but Ive been around long enough to know not many people will get to enjoy all there pensions some people don’t even get that far, ive got a couple of properties I think my best bet is add to them and just live of the rent. Im 28 nearly 29 have worked since the age of 14 I have a dream to retire in my early 40s if everything goes to plan.
Its crazy retirement age is 65 you wont be able to enjoy your money unless your healthy which is very unlikely in that age