[dd]

It doesn’t matter my point is yes it’s good to plan but not if it’s going to take so much of you’re income you will really miss out during your working life I’ve seen it a lot and heard the conversations,I was listening to someone that works for Iverde all he was going on about was his pension I’m getting a works pension blah blah basically not far off what he earns now as he’s worked for the council with the old regulations.
What he failed to mention was that he’s spent the last 30 odd years earning crap money and can’t wait get to 65 before he’ll have some,I personally can’t think of anything worse going short for decades before you can afford a few decent pleasures.

If you were to pay 1 or 2 days monthly income into a pension/ISA after 20 years or so you should have a very worthwhile sum to complement your retirement. Even 1 days monthly income should give a decent amount.

[Stoots]

i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.

Dream on  Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.

£700 isnt that bad.

if theres 2 of you, thats £1400. no mortgage so whats maybe 500 quid of bills.

Ive lived on the dole and benfits and minimum wage for years scraping by, i guess when youve done that you dont really fear being poor.

[NWH]

Yeah rich wife big house no mortgage etc she’s just bought me an Audi RS she’s a bitch,still drive an old VW tranny though 🤣

[NWH]

What are my pension plans Mmm let me think,how about a flat tight knit 🧶 weaved cap etc,hair coming out of my ears and nose 👃 that’ll be about it chaps it won’t get much better than that no matter what pension you’ve got I’ll be happy as long as I can stand up in the morning and that can have 2 meanings lol 😂

[Slacky]

Is that Aldi or Lidl cooking Sherry you’ve been consuming?

[KS Cleaning]

i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.

Dream on  Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.

£700 isnt that bad.

if theres 2 of you, thats £1400. no mortgage so whats maybe 500 quid of bills.

Ive lived on the dole and benfits and minimum wage for years scraping by, i guess when youve done that you dont really fear being poor.

The way things are going that should just about cover your gas and electric bill😜

[dazmond]

I should have around £250k by the time I'm 70 which is not a bad little nest egg then I'll just go to 2 days a week window cleaning for 10 months a year if I'm alive and healthy!

Of course there's no guarantees but I'd hate to get into my mid 70s and be skint!

[NWH]

If the worst comes to the worst Daz just get a chair and a rope m8,the way things have been going this last few years with the world tbh thinking what you’re gonna do in 20-25 years ain’t really worth worrying about, there’s no pockets on a shroud St Peter let’s all in if they’ve been good not just the rich ones.

[deeege]

I should have around £250k by the time I'm 70 which is not a bad little nest egg….

It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.

[dd]

i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.

Dream on  Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.

£700 isnt that bad.

if theres 2 of you, thats £1400. no mortgage so whats maybe 500 quid of bills.

Ive lived on the dole and benfits and minimum wage for years scraping by, i guess when youve done that you dont really fear being poor.

You do not have to purchase an annuity with your pension. You can leave the remainder invested and simply take the dividend from it, or if you prefer take as much cash out whenever you want. With a small amount of research and knowledge you should only face minimal charges for doing this.

[NWH]

£700 that’ll be the amount of council tax they’ll want off of you lol,it’s just like business go big big or stay small if you are in the middle you’ll pay for all you’re own care if you need it  and get no help from no one.
They ain’t stupid this government get us all with a big pension pot and then say when you get down to 23k we will leave you alone lol complete joke,we want people to buy their own house yeah I bet they do so they can take it back off you when you get old and need to go into a home.
You come in with nothing and you leave the same.

[dd]

I should have around £250k by the time I'm 70 which is not a bad little nest egg….

It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.

Truoble is if you have cash in the bank you are actually losing money when you take inflation into account. This has been the case for years and likely will continue for years to come.

[NWH]

Another bloke I know 🤣 he’s a pension and investment adviser he said to me do you know the first question I get and it drives me mad and infuriates me,I want to be able to leave it to my kids. He can’t get his head round that one he says why can’t they go to work then when they grow up 🤣🤣🤣

[dd]

Another bloke I know 🤣 he’s a pension and investment adviser he said to me do you know the first question I get and it drives me mad and infuriates me,I want to be able to leave it to my kids. He can’t get his head round that one he says why can’t they go to work then when they grow up 🤣🤣🤣

Do you not understand that people actually care about their children and are happy to see them inherit some wealth.

The world can be a difficult environment for younger people today.

[NWH]

I’ve looked in to many pensions and investments and I’ve come to the conclusion that staying in  Thailand 🇹🇭 and renting an apartment for 3000 dollars 💵 a year and being horizontal for most of time gives far more interest,don’t wait until you can’t get out of bed lads get it rockin 🤣🤣😂😂

[deeege]

I should have around £250k by the time I'm 70 which is not a bad little nest egg….

It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.

Truoble is if you have cash in the bank you are actually losing money when you take inflation into account. This has been the case for years and likely will continue for years to come.

Exactly. That’s why it so important to have your money somewhere that is at the very least beating inflation, otherwise every year you are actually getting less wealthy.

[NWH]

The worst thing you can do for a young person is let them think that one day they’ll inherit all you’re worldly goods,that doesn’t get them motivated even now I see it with my customers 50-55 year old men very very wealthy parents and they’ve had a job all their life  gardening lol.
I’ve known many times when a customer of mine has passed away,the son has gone from a 20 year old car to a Range Rover Sport as soon as probate has been granted lol.

[KS Cleaning]

Another bloke I know 🤣 he’s a pension and investment adviser he said to me do you know the first question I get and it drives me mad and infuriates me,I want to be able to leave it to my kids. He can’t get his head round that one he says why can’t they go to work then when they grow up 🤣🤣🤣

That question drives him mad? I reckon he’s in the wrong job, maybe he should consider a career change!………..That’s if said bloke isn’t just a figment of your imagination right enough🤣

[DJW]

I should have around £250k by the time I'm 70 which is not a bad little nest egg then I'll just go to 2 days a week window cleaning for 10 months a year if I'm alive and healthy!

Of course there's no guarantees but I'd hate to get into my mid 70s and be skint!

I’d hate to be cleaning windows in my mid 70’s. What a dreadful thought!

[NWH]

No honest m8 he’s a pensions and investment advisor a customer actually you know that type little bloke Porsche Cayenne about 5 foot 3 looks
Like a Lego man in a JCB,if he told me his name was Del Boy I wouldn’t bat an eyelid signed up more mugs than the biggest pottery in Stoke 🤣