Are you meticulously planning your retirement and have been investing from a young age or are you going on a wing and a prayer so to speak.
Do you think you'll be financially ok or will it be a struggle bearing in mind none of us can predict the future holds for us
|
Reply privately, Reply in forum +quote
or View forums list | |
In the age of the “Defined Contribution” pension, now that the “Defined Benefit” schemes are very rare; you’d be very daft not to show an interest in your pension.
Unfortunately there is little education on pensions for most employees, for fear of giving “advice”. In a lot of cases people think that if they put in the minimum amount early enough then they will be fine. Sadly that’s not the case  |
Reply privately, Reply in forum +quote
or View forums list | |
 |
By *eep.Man
over a year ago
Just a background character |
I need to remortgage soon and am wondering about pensions vs mortgage interest... i.e. would be better to aim to pay the mortgage off sooner, or gor for the longest mortgage term and put any left over cash into addintional pensions/APECs or whatever they are nowadays. Considering how low the mortgage rate is I think the pension investment might be worth more in the long run. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *lla_maiWoman
over a year ago
staffordshire |
I have one with work but only the small amount that im obliged to put in goes in at the minute. Im pretty unknowledgeable about them tbf, but i plan to start putting more money in them next year once ive paid debt off and can afford to. |
Reply privately, Reply in forum +quote
or View forums list | |
I've always had a pension since starting work 15 years ago. They vary in their value and I really should do more to look at whether or not I'm getting the most out of the ones I'm no longer paying into. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I pay 13.5% into mine and I think my employer contribution is 20% but even tho I signed a 30 year contract when I started I now have to work and extra 5 years, pay more into my pension to get less out at the other end. Such a swindle but the government changed the law to allow it. Bastards. |
Reply privately, Reply in forum +quote
or View forums list | |
People should look into how they are invested and whether the level of risk suits them. It’s usually possible to split your pot across multiple funds if you want to try and make a little more from it |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *arrapsMan
over a year ago
port talbot |
I'm caught up in the carillion scandal.... currently I receive a pension, BUT it looks like I'm going to lose at least 10% fucking robbing bastards.... senior management look after their own |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I keep a very careful watch on mine and have spread the risk widely . We can thank the present government for amending the rules and removing the necessity to purchase an annuity. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I dont think i have one 
You'll have to sell your body 
What happens once ive spent the 50p
You're f..ked  "
Well obviously, that's how you get the 50p 
I got it covered, can sell some houses if needed.
Amusingly auto carrot changed houses to housewife... |
Reply privately, Reply in forum +quote
or View forums list | |
Been paying into a pension scheme since I was 19.
My work pension contributions are just over 14%.
I also have some money in property.
I plan to retire early god willing.
My Grandad lived a very comfortable lifestyle and instilled the importance of planning ahead in me. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I have quite a good pension, assuming it doesn't change again I should have an above average pension, based on my current wage the forecast is already above today's average wage, but I'm hoping for a few pay rises over the next 33 years.
Otherwise I plan to have my mortgage paid off in 15 years and then use the following 10-15 yrs to invest what would have been my mortgage payments.
Ginger |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
I've been paying into a private pension for 30 years this year. It's still worth not a lot as a pension. It's worth a lot to my heirs if I die.
All the little ones that I have accumulated will be cashed in when I turn 55 in two years. I'll take the hit on tax and have a good holiday and/or fix my home.
My plan is to die at 60 and not have to deal with living off my pension.
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Honestly? I've never given it a second thought.
I don't think I'll live til then. If I do, I'll be living in Turkey still and have earned and stashed enough away to take care of my financial needs. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *amissCouple
over a year ago
chelmsford |
"Are you meticulously planning your retirement and have been investing from a young age or are you going on a wing and a prayer so to speak.
Do you think you'll be financially ok or will it be a struggle bearing in mind none of us can predict the future holds for us
"
Invested wisely through works pension, retired at fifty  |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
