The government has decided that you will now get your pension at the same time as your telegram from the Queen!
http://www.bbc.co.uk/news/business-40658774
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The government has decided that you will now get your pension at the same time as your telegram from the Queen!
http://www.bbc.co.uk/news/business-40658774
I've long since given up any hope of retiring. I reckon I will still be working into my 80s, if I'm still of this parish.
Will this change the age I can draw my private pension?
What you getting involved for? The thread title said 39 - 47, not 10 - 16 !!Quote:
Originally Posted by J R Hartley
:hehe:Quote:
Originally Posted by William Treseder
How the feck do they expect roofers, brickies etc to still be grafting at that age? Alright if you're sat on your arse in an office all day, but seriously this is taking the piss. Years ago most firms would have an unwritten policy that nobody over the age of 55 works up ladders, common sense dictated this.
At least we've been given some warning so that I can pay a little more into my private pension scheme...
So the queen has started sending out telegrams when you reach your 68th Birtday then has she?Quote:
Originally Posted by jon1959
There will be hordes of people setting off to work in their dotage, getting half way and wondering where they were heading.Quote:
Originally Posted by TISS
Oi - this isn't the BBC thread!Quote:
Originally Posted by Nick
No that's still 55. Although did put it up from 50 a few years ago. They may well change in the future. They'll want people to live off private pensions and be less reliant on the State.Quote:
Originally Posted by J R Hartley
:hehe::hehe:Quote:
Originally Posted by William Treseder
The state pension has bounced up recently to a weekly payment of £155.65 (£8,094 PA) , Think it was £115.95 (£6,029 pa).It now has the triple lock as well .
So I guess a 40 year old will have to save £8,094 over the next 28 years to make up for that lost year , its around a fiver a week I think ,they could try and save that shortfall and still retire at the same time, not great news , at least its a fair bit of notice .
Think the world of good early pensions has gone sadly , and its driving a bigger debate ,not only the state pension one there is the liability of the public sector pension to the public purse , the sad fact the private sector working people don't earn enough to match the public sector pensions , so they will lean more on the need of a fundable state pension .
Folk are living longer although we have seen a recent slow down, so that liability obliviously grows with it .
You even see the pension liability impacting on saving jobs like Tata Steel and many other old heavy industries ,that have enjoyed very good pensions .
Ain't an easy one this , along with many other funded debates , like health , hey maybe it the broken NHS fault for keeping us alive longer ?
Never ever retire.Quote:
Originally Posted by TISS
Trying to make ends meet, you're a slave to the money then you die.
Really?Quote:
Originally Posted by TISS
Solution-
Raise income tax, also raise the tax-free allowance.
LOWER the pension age to 60
More coffin dodgers retire, freeing up decent jobs for youngsters, who earn wages, pay tax and NI instead of this zero-hours crap,
Their tax and NI pay for the pensioners.
Simples.
:hide:
Way too sensible!Quote:
Originally Posted by bobh
There was a BBC article a few months back which I believe was titled "how to live off £20,000 a year once you retire". The answer was to start saving young and put X towards your pension per week/month.
I can't remember what X was but I felt it was quite high given how poor wages are for many young people and how expensive rent is. I certainly could not afford it.
And all before Brexit kicks in....
i looked at a private pension when i hit 40, i was going to have to put in just over £470 a month to make it worthwhile :angry:Quote:
Originally Posted by surge
£470 a month, thats way out of my range, i would prefer to live now and spend it :thumbup:
Work all your life, pay into the system all your life, for some c*nt who's never worked a day in their life to be looked after. Welcome to GREAT Britain.
You obviously left it too late. I paid 100 a month into a pension since i was 21 and looking at 250k-300k if I retire at 60/61.Quote:
Originally Posted by blue matt
Played the Asian market and done ok last 10 years.
My mortgage finish at 52 so pay more into it and try get it half a mil by time I'm 60.
Great postQuote:
Originally Posted by blue matt
Brilliant!Quote:
Originally Posted by William Treseder
I think i'm at 67 before i get mine, no final salary here!! but to be fair, just like the NHS, when these schemes were set-out, life expectancy wasn't what it is now and with further advances in medicine, will get longer, i'd love to be able to retire like many do at my age but just accept that, god willing, i'll have to work until 67 (at present but expect it to increase) I don't think that it's an easy problem to solve other than a population cull by means of a war or disease outbreak (something like Ebola!!)Quote:
Originally Posted by jon1959
I didQuote:
Originally Posted by J R Hartley
though before i was 40 i didnt think about retirement ( foolish i guess )
I guess as you hit 40, you think about the future, by that time, its too late
not sure i fancy retirement anyways, i would only get bored :biggrin: though in theory, will be mortgage free in 5 years and i could put a few quid away a month then, or i could just drink nice coffee and squeeze another disney holiday in :thumbup:
:hehe:Quote:
Originally Posted by blue matt
You can't keep getting up those ladders when you're 70 :hehe:
I dont normally drink coffee but went away for the weekend and had Lavazza in my room. Most enjoyable. Might even get one for Mrs Hartley as a token of goodwill.
I use one of them silly pole things :thumbup: i havent used a ladder for window cleaning for 14 years now, safety first :thumbup: oh and its alot easier LOLQuote:
Originally Posted by J R Hartley
Lavazza is a nice coffee, one of the guys who used to camp at VW festivals sells it from the back of his VW at shows and festivals, think they are Senseo pods arent they ? ?
Lazy **** :hehe:Quote:
Originally Posted by blue matt
I dunno, they were pods of some kind, what was amazing was how quick the cold water becomes a hot cup of coffee.
I hear Lidl's do something called " instant coffee " :tea::yikes:it appears to be all the rage :thumbup:Quote:
Originally Posted by J R Hartley
I cashed in my superannuation when I was 20 as I didn't think I would live this long!
The future's grim for all of us 'cos when cash is abolished, and it will, to be replaced with virtual money then the whole of humanity's wealth will be subject to the whims of those who already control so many aspects of our lives.
On a brighter note, those who toe the line by slogging for a pittance until the day they drop won't have their bank account savings reset to nil.
When the next financial crash hits you can't expect to lose a lot of your private pension funds as well and tough titties I'm afraid, ain't nobody going to bailout them toxic assets out.
Our best hope is in euthanasia booth down the Hays where the toilets are.
I bought land, like Mark Twain said "invest in land, as they ain't making any more of it". I should be able to go fully self-sufficient on it, and die a lonely death of malnutrition or dysentery covered in shit and undiscovered for years.
fair play, you have sold that idea wellQuote:
Originally Posted by OurManFlint II
you can even grow coffee in a greenhouse in the UK, though if you stock up of Lidl's instant, you should be sorted :thumbup:
From the King, more like.Quote:
Originally Posted by jon1959
Which one?Quote:
Originally Posted by Taunton Blue Genie
Chas, Will, or Georgie?
As republican it's all the same to me.Quote:
Originally Posted by bobh