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By *tella Heels OP TV/TS
over a year ago
west here ford shire |
Is it me, or do you think that the pensionable age is a joke, we work hard all our lives to end up giving most of our life to employers who could give to fucks about us, then you get a measly pension ( but thousands in your pension pot) then a few years later you die without seeing the benefits?
How fair is that?
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By (user no longer on site)
over a year ago
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Most people now are in defined contribution pension schemes and that can be taken from age 55. I think the government will carry on increasing the state pension age, so it’s not a pension I would look to rely on. Many will die before SRA.
We should all start pensions as soon as we can, if you pay into it for a long time and have a good employer that also contributes, you can end up with a reasonable pension pot at 55. Too many people don’t see it as a priority. That thinking needs to change.
The days of great final salary schemes are mostly gone.
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By *tella Heels OP TV/TS
over a year ago
west here ford shire |
"That’s why I’m retiring at 55 to enjoy it while I can.
My legs are going to give up one day so I want to see the world before I have to do it sitting down. "
I’m there now at 57 I can’t walk on a normal day more than 1/2 a mile then I’m in agony.
As for the person who thinks work hard and retire early. I have worked hard all my life, manager at 29 in charge of 2.5 million £ of stock, purchasing, planning, stores of a company turning over £1,000,0000 a month
I still have to work up to retirement age to make ends meet.
Illness recently has in some way financially helped as a critical illness policy paid out. ..
But it’s a fucking hard way to pay most of your mortgage off |
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By *tella Heels OP TV/TS
over a year ago
west here ford shire |
"My pension pays out 3x my salary on my death if I die while in service. So I think of it as a life insurance too. "
Only good for those you leave behind
Three years salary doesn’t go that far it has to feed and support your dependants |
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By (user no longer on site)
over a year ago
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I work in the building trade and it takes a toll on your body.The state pension a joke. I plan on retiring at 58 and hopefully get a decent decade of retirement before things stop working well.Most retrees I've met give me one piece of advice and that's everyone retires far to late to enjoy it.  |
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