So all those who think that as soon as I hit 65 and get my hands on my pension that I will throw a lifetime of financial prudence and caution to the wind and splurge it all on fast cars and faster women
If I was someone who was financially reckless then I would not be paying intro a pension – I would have opted out off my various companies schemes so that I could get ahn extra few % salary
I knew a few people when I first started working who said I was foolish to join the Co scheme as soon as I could as it meant a loss of 5% of salary. Of course now I am sitting on nearly 30 years contributions into a final salary scheme while I know of one of them who has nothing and will be relying on the state
And anyway its my money – I have saved it and I should be allowed to decide how I spend it
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