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| UK retirement review brought forward http://www.x404.co.uk/forum/viewtopic.php?f=19&t=1735 |
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| Author: | pcernie [ Mon Jul 13, 2009 4:04 pm ] |
| Post subject: | UK retirement review brought forward |
http://news.bbc.co.uk/1/hi/business/8148188.stm Amazing how quickly the government can act sometimes, isn't it?  I'm under no illusions as to why this is happening, but I'd hope to be retired by the time I'm 65, and before that if I can manage it - with a house of my own and any other potential responsibilities sorted, you wouldn't catch me working any longer... |
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| Author: | AlunD [ Mon Jul 13, 2009 4:09 pm ] |
| Post subject: | Re: UK retirement review brought forward |
Well its going to be down to when you can afford to retire - forget a government based pension, unless you are a civil servant of course. |
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| Author: | stu_1701 [ Mon Jul 13, 2009 6:57 pm ] |
| Post subject: | Re: UK retirement review brought forward |
Looks like that's me working until I'm 80 then.
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| Author: | Linux_User [ Mon Jul 13, 2009 8:28 pm ] |
| Post subject: | Re: UK retirement review brought forward |
I'm under no illusions - I'm 22, and I don't ever expect to be able to retire. There will be no public pension and private pensions will be [LIFTED], because they are too expensive to maintain - especially for an ageing population. |
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| Author: | cloaked_wolf [ Mon Jul 13, 2009 10:00 pm ] |
| Post subject: | Re: UK retirement review brought forward |
This is why I plan to retire at 60 and die before 80. |
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| Author: | DaftFunk [ Mon Jul 13, 2009 10:52 pm ] |
| Post subject: | Re: UK retirement review brought forward |
I may be very optimistic but I plan on being semi-retired by the time I'm 50. I want to be living in a sustainable house off the grid. I wouldn't bother paying into a pension, if you're lucky it will be still around but the risks are rather high. |
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| Author: | paulzolo [ Tue Jul 14, 2009 10:34 am ] |
| Post subject: | Re: UK retirement review brought forward |
I’m resigned to the fact that I’ll be working until I’m too frail or dead. I had pension and savings, but it seems that the only way to get these to operate is to peg them to the stock market. The recent crash took a massive wodge out of both. I stopped paying into the pension fund when I was made redundant some time back, and to be honest it’s not had much put in since then due to cash flow limitations. Whether I could afford the £20,000 needed for social care if it was necessary is unlikely. |
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| Author: | MrStevenRogers [ Tue Jul 14, 2009 11:24 am ] |
| Post subject: | Re: UK retirement review brought forward |
i will work (now that i have a new job, starting next week) well past 65 if i am able that was decided by myself many years ago as i had also decided not to start or open any pension plan. the event that decided that for me was the 'miners' pension fund i saw how that pension fund was used and abused by the national coal board and the Govt and with very little benefit for the 'miners' who had put into the fund over many years. the NCB and Govt used the miners pension fund as a massive slush fund for themselves and still do. (its still one of the largest pension funds in the UK) so i will work until i am unable too because unless you can place massive sums of money away into any pension fund it just would not be worth it. not withstanding that as soon as any pension fund gets to be of some worth 'all' Government's then use it as their very own slush fund and damn the people who actually saved into it … |
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| Author: | ProfessorF [ Tue Jul 14, 2009 11:25 am ] |
| Post subject: | Re: UK retirement review brought forward |
I have no savings, no job, no pension and I'm 32. About half way through my working life, and I'm no further ahead than someone leaving school with 50 years ahead of them. Ain't life grand? |
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| Author: | AlunD [ Tue Jul 14, 2009 11:31 am ] |
| Post subject: | Re: UK retirement review brought forward |
I've been paying into a private pension since I was 18. Lost 35% last year  I hate to think when I'll be able to retire........... 
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| Author: | HeatherKay [ Tue Jul 14, 2009 11:36 am ] | |||||||||
| Post subject: | Re: UK retirement review brought forward | |||||||||
Life is what you make it, so they tell me. I'm still paying into a pension, plus my NI contributions. I have no idea what they'll be worth if I ever get to retire. It's going to be an interesting ride. |
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| Author: | saspro [ Tue Jul 14, 2009 11:40 am ] |
| Post subject: | Re: UK retirement review brought forward |
I'd love to retire at 50 like my day did but I've no idea how I'm going to generate that sort of cash in 21 years. So far my retirement plan is as follows: Parents should die before I retire. Sell their house & use the money for pension. It's a sad fact but it's so far it's the only viable plan. |
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| Author: | HeatherKay [ Tue Jul 14, 2009 11:43 am ] | |||||||||
| Post subject: | Re: UK retirement review brought forward | |||||||||
Watch the taxman and that inheritance tax. Strangely, my parents have been worrying about just that, as their combined property worth is quite a reasonable sum. A most odd conversation ensued where they explained how they were going to try to make it so my sister and I didn't end up with vast tax bills after their demise. 
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| Author: | MrStevenRogers [ Tue Jul 14, 2009 11:48 am ] | |||||||||
| Post subject: | Re: UK retirement review brought forward | |||||||||
don't despair it took me into my middle 30's to finally decide that 'i work to live not live to work' at the time i was self employed with a very successful small business but i realised that even with very long hours and all the rest of the day to day hassle of being self employed that i would make a good living but never be a millionaire so i decided 'family first' once i had got that straight in my head everything else just clicked into place … |
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| Author: | paulzolo [ Tue Jul 14, 2009 11:59 am ] | ||||||||||||||||||
| Post subject: | Re: UK retirement review brought forward | ||||||||||||||||||
My only surviving grandma has been thinking this way for a long, long time. She’s in her mid 90’s and still worries about such things. |
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