Author |
Message |
davrosG5
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:37 am Posts: 6954 Location: Peebo
|
Well, the retirement age has been (or is about to be) abolished. I think you may be confusing retirement age with the state pension age (which is increasing). However, it's not impossible that many people will find it difficult to retire if pension returns don't improve. There is also likely to be a bit of time bomb created by people who are never able to buy a house. A lot of pension planning in this country seems to work on the assumption that you will have your own property and have paid of the mortgage by the time you retire. A lot of current pensions would barely be able to cover the sorts of private rents that exist all over the country. I guess it comes down to whether you feel confident that the government will provide for you in old age  or that you'll be able to provide for yourself. It's little wonder people don't like thinking about pensions, it's all so bloody depressing.
_________________ When they put teeth in your mouth, they spoiled a perfectly good bum. -Billy Connolly (to a heckler)
|
Sun Oct 16, 2011 2:16 pm |
|
 |
AlunD
Site Admin
Joined: Fri Apr 24, 2009 6:12 am Posts: 7011 Location: Wiltshire
|
So set up a private plan.
_________________ <input type="pickmeup" name="coffee" value="espresso" />
|
Sun Oct 16, 2011 2:17 pm |
|
 |
rustybucket
I haven't seen my friends in so long
Joined: Thu Jun 18, 2009 5:10 pm Posts: 5836
|
I'd love to be able to think about my pension plans Unfortunately, when being able to afford to rent a flat is an issue, a pension starts to look like an unlikely luxury. 
_________________Jim
|
Sun Oct 16, 2011 3:19 pm |
|
 |
ProfessorF
What's a life?
Joined: Thu Apr 23, 2009 7:56 pm Posts: 12030
|
Been there Rusty, that's why I started so late. Better late than never though, I suppose.
|
Sun Oct 16, 2011 3:37 pm |
|
 |
TheFrenchun
Officially Mrs saspro
Joined: Wed Jan 06, 2010 7:55 pm Posts: 4955 Location: on the naughty step
|
first pension statement came through, I have £720 saved so far (lol)
|
Sun Oct 16, 2011 4:05 pm |
|
 |
l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am Posts: 12700 Location: The Right Side of the Pennines (metaphorically & geographically)
|
I keep meaning to transfer my pension from my last employer to my new employer.
|
Sun Oct 16, 2011 4:31 pm |
|
 |
davrosG5
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:37 am Posts: 6954 Location: Peebo
|
Perhaps it's a consequence of my Dad being an accountant but I started paying into a pension through my employer when I was 22/23. It coincided with a pay rise at work so I basically didn't 'lose' any money as far as take home pay was concerned but I was paying in and getting the benefit of the employer contribution.
_________________ When they put teeth in your mouth, they spoiled a perfectly good bum. -Billy Connolly (to a heckler)
|
Sun Oct 16, 2011 7:52 pm |
|
 |
hifidelity2
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 1:03 pm Posts: 5041 Location: London
|
I did exactly the same and when I took this job one of the main factors was the good quality pension they offered (final salary) - yes I could have earnt a bit more somewhere else but the value of the pension more than made up for it
Last edited by hifidelity2 on Mon Oct 17, 2011 12:20 pm, edited 1 time in total.
|
Mon Oct 17, 2011 11:22 am |
|
 |
bobbdobbs
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 7:10 pm Posts: 5490 Location: just behind you!
|
Same here, the final salary scheme is one of the main things keeping me here.
_________________Finally joined Flickr
|
Mon Oct 17, 2011 12:05 pm |
|
 |
cloaked_wolf
What's a life?
Joined: Thu Apr 23, 2009 8:46 pm Posts: 10022
|
We have the final salary scheme for doctors, but it's working out to be too expensive so they're trying to axe it.
_________________ He fights for the users.
|
Mon Oct 17, 2011 1:14 pm |
|
 |
lacloss
Doesn't have much of a life
Joined: Fri Apr 24, 2009 7:48 am Posts: 1751 Location: Marbella Spain
|
Have you investigated qrops I just got 20 grand back I looked at how much i would get back at 67 and it was 6gb +6gb +9 gb a month if i was still alive ......just a thought . 
_________________ Life should NOT be a journey to the grave with the intention of arriving safely, but rather to skid in sideways, chocolate in one hand, wine in the other, body thoroughly used up, totally worn out and screaming... Damn, What a ride!!
|
Mon Oct 17, 2011 2:25 pm |
|
 |
okenobi
Spends far too much time on here
Joined: Thu Apr 23, 2009 6:59 pm Posts: 4932 Location: Sestriere, Piemonte, Italia
|
Like, totally. +1 I'm making the most of the present at the expense of a TBC future. Everyone makes their own decision. Having worked in banking for 3 years, it was drummed into me. But I think there are wider socio-cultural discussions to be had and right now I'm busy enjoying myself on a tropical island. So, um, yeah....
|
Wed Oct 19, 2011 5:12 pm |
|
 |
adidan
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 9:43 pm Posts: 5048
|
I did as well, no doubt why I have developed the attitude I have TBH.
_________________ Fogmeister I ventured into Solitude but didn't really do much. jonbwfc I was behind her in a queue today - but I wouldn't describe it as 'bushy'.
|
Wed Oct 19, 2011 6:26 pm |
|
 |
koli
Doesn't have much of a life
Joined: Fri Apr 24, 2009 5:12 pm Posts: 1171
|
I am pretty sure that majority of people is intelligent enough to understand things like pensions when put some effort into it. And for those who are not or those who don't have time/can't be bothered there are financial advisers. You can pay them to do your work for you 
|
Wed Oct 19, 2011 9:53 pm |
|
 |
HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm Posts: 7262 Location: Here, but not all there.
|
_________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
|
Thu Oct 20, 2011 7:16 am |
|
|