Pensions

[mark williams 7,551]

Private pensions need a final pot of around £250,000 in them to realise around £250 per week at 65 " ish" I was told ?

Being a builder I got into renting properties out so those are my pensions and they will never die with me like a pension will.

I did save a pot of money for a pension but after all the stock markets and governments, I think growth has not been as good as expected over the years on many pensions.

 

 

A " Boyyyyy" of 30 yrs of age needs £ 8,000/ year "SPARE" put away for a decent wedge then for 65 is it ?

 

 

atb.

[Bush Rummager 4,558]

Hi Rez.

Markets/ investments/ interest rates are low at the moment, as they've been for a good few years now.

Think long and hard mate about paying your 'hard earned' into something that you can't your hands on until you're in your 60's (could be law in 30 ys). Even then if you start taking your pension , you'll probably have to live to 109 year old to get back what you paid in!!

 

Standing order mate, weekly or monthly.

When is reaches a certain amount, buy premium bonds. In blocks.

Build it up over the years.

You're plenty young enough to do it mate.

Also, you can get you hands on that pot of money whenever you like. Unlike a pension scheme!

God forbidding you ever get any bad news. Five working days, and the money is in the bank.

 

I always say to my misses, if ever have a 'heads gone' i know i can pay off the mortage and cover a few years wages. I sleep well at night, knowing the wife and kids will never be left short.

 

Keep your money in your own pocket Rez, is what I'm saying.

Don't pay for some suited fag to ride around in a big fancy motor at your expense!!

[devon flighter 421]

Private pensions need a final pot of around £250,000 in them to realise around £250 per week at 65 " ish" I was told ?

Being a builder I got into renting properties out so those are my pensions and they will never die with me like a pension will.

A " Boyyyyy" of 30 yrs of age needs £ 8,000/ year "SPARE" put away for a decent wedge then for 65 is it ?

 

 

atb.

 

 

Hi Rez.

Markets/ investments/ interest rates are low at the moment, as they've been for a good few years now.

Think long and hard mate about paying your 'hard earned' into something that you can't your hands on until you're in your 60's (could be law in 30 ys). Even then if you start taking your pension , you'll probably have to live to 109 year old to get back what you paid in!!

 

Standing order mate, weekly or monthly.

When is reaches a certain amount, buy premium bonds. In blocks.

Build it up over the years.

You're plenty young enough to do it mate.

Also, you can get you hands on that pot of money whenever you like. Unlike a pension scheme!

God forbidding you ever get any bad news. Five working days, and the money is in the bank.

 

I always say to my misses, if ever have a 'heads gone' i know i can pay off the mortage and cover a few years wages. I sleep well at night, knowing the wife and kids will never be left short.

 

Keep your money in your own pocket Rez, is what I'm saying.

Don't pay for some suited fag to ride around in a big fancy motor at your expense!!

couldnt agree more gents ! and thats from personal experience

[si brown 8,486]

rez

im a 42 year old self-employed bricklayer with no pension and I've no intention of getting one!

house prices are still low ,if you look in the right places you can find a bargain!

bag a bargain, brush up on your diy skills and rent it out the county is full of ppl who can't get mortgages or don't want one!

so finding tenants is not a problem

atb si

[kanny 20,542]

I didn't go for the works place pension but pay into a ISA instead ...the interest return isn't great at the moment but should the worse happen I can get my money and if it doesn't I will have a decent lump to help me in retirement .. it's a more appealing option for me .

Edited April 26, 2016 by kanny

[trenchfoot 4,243]

Speak to an independent financial advisor. between them and your accountant, you and your partner should be able to find a tax efficient way of planning for the future.

[Plucky1 1,119]

 

Private pensions need a final pot of around £250,000 in them to realise around £250 per week at 65 " ish" I was told ?

Being a builder I got into renting properties out so those are my pensions and they will never die with me like a pension will.

A " Boyyyyy" of 30 yrs of age needs £ 8,000/ year "SPARE" put away for a decent wedge then for 65 is it ?

 

 

atb.

 

 

Hi Rez.

Markets/ investments/ interest rates are low at the moment, as they've been for a good few years now.

Think long and hard mate about paying your 'hard earned' into something that you can't your hands on until you're in your 60's (could be law in 30 ys). Even then if you start taking your pension , you'll probably have to live to 109 year old to get back what you paid in!!

 

Standing order mate, weekly or monthly.

When is reaches a certain amount, buy premium bonds. In blocks.

Build it up over the years.

You're plenty young enough to do it mate.

Also, you can get you hands on that pot of money whenever you like. Unlike a pension scheme!

God forbidding you ever get any bad news. Five working days, and the money is in the bank.

 

I always say to my misses, if ever have a 'heads gone' i know i can pay off the mortage and cover a few years wages. I sleep well at night, knowing the wife and kids will never be left short.

 

Keep your money in your own pocket Rez, is what I'm saying.

Don't pay for some suited fag to ride around in a big fancy motor at your expense!!

couldnt agree more gents ! and thats from personal experience

 

Probably the best 2 posts along with si brown, pensions are too unreliable to offer a decent wage in your retirement, all the decent super annuation and better company pensions are dead in the water now, property is where the investments should be placed, find an up and coming area and buy property, if you have been following the news you will have seen BHS pensioners have just had half a billion pounds stolen by "Phillip Green" who used it for loans to prop up a dying company, he has offered just 70 million back, these company pension funds are used by some as a private bank,even private pensions are sold on to other companies whilst you pay for that privilege, its all just a big money merry go round to be raided as and when they see fit, some people will pay thousands into a fund at times like these whilst the % rate is low and yet after poor investments by your pension provider will only see your fund grow by a few hundred pounds if you're lucky, some funds will reduce even though you have paid all that money into it, buy property as I have and the return is always there to cash in as house prices continue to rise, most pension fund providers do this with your money,i.e.; buying precincts or out of town retail parks which they then rent out to stores,this rent is then used to pay their pensioners,so why let them get rich on your money as you buy them more property with your contributions when you can just do it yourself but on a smaller scale, I retired aged 42yrs old and hunt when I like whilst keeping a good lifestyle,holiday when I want and ride my motorcycle when I like, I am 58 this year and the 2 small company pensions I have received since 55 are not worth a light when I think how much was in them 20yrs ago,they were sold on and raided 3 times and each time my fund depreciated substantially, there is no redress on them and they then charge you for them stealing your money, property is where the money is, my mate bought his factory when everyone else was renting, he has now retired,sold his company and rents out his premises,he can sell it whenever he wants more money and every year that goes by his investment just keeps increasing as the area's retail value increases, WM

[Rez 4,961]

Now this shit is what I'm talking about. Where else would offer such 'real world' advice.

 

Many thanks.

[Rez 4,961]

 

 

Private pensions need a final pot of around £250,000 in them to realise around £250 per week at 65 " ish" I was told ?

Being a builder I got into renting properties out so those are my pensions and they will never die with me like a pension will.

A " Boyyyyy" of 30 yrs of age needs £ 8,000/ year "SPARE" put away for a decent wedge then for 65 is it ?

 

 

atb.

 

 

Hi Rez.

Markets/ investments/ interest rates are low at the moment, as they've been for a good few years now.

Think long and hard mate about paying your 'hard earned' into something that you can't your hands on until you're in your 60's (could be law in 30 ys). Even then if you start taking your pension , you'll probably have to live to 109 year old to get back what you paid in!!

Standing order mate, weekly or monthly.

When is reaches a certain amount, buy premium bonds. In blocks.

Build it up over the years.

You're plenty young enough to do it mate.

Also, you can get you hands on that pot of money whenever you like. Unlike a pension scheme!

God forbidding you ever get any bad news. Five working days, and the money is in the bank.

I always say to my misses, if ever have a 'heads gone' i know i can pay off the mortage and cover a few years wages. I sleep well at night, knowing the wife and kids will never be left short.

Keep your money in your own pocket Rez, is what I'm saying.

Don't pay for some suited fag to ride around in a big fancy motor at your expense!!

 

couldnt agree more gents ! and thats from personal experience

Probably the best 2 posts along with si brown, pensions are too unreliable to offer a decent wage in your retirement, all the decent super annuation and better company pensions are dead in the water now, property is where the investments should be placed, find an up and coming area and buy property, if you have been following the news you will have seen BHS pensioners have just had half a billion pounds stolen by "Phillip Green" who used it for loans to prop up a dying company, he has offered just 70 million back, these company pension funds are used by some as a private bank,even private pensions are sold on to other companies whilst you pay for that privilege, its all just a big money merry go round to be raided as and when they see fit, some people will pay thousands into a fund at times like these whilst the % rate is low and yet after poor investments by your pension provider will only see your fund grow by a few hundred pounds if you're lucky, some funds will reduce even though you have paid all that money into it, buy property as I have and the return is always there to cash in as house prices continue to rise, most pension fund providers do this with your money,i.e.; buying precincts or out of town retail parks which they then rent out to stores,this rent is then used to pay their pensioners,so why let them get rich on your money as you buy them more property with your contributions when you can just do it yourself but on a smaller scale, I retired aged 42yrs old and hunt when I like whilst keeping a good lifestyle,holiday when I want and ride my motorcycle when I like, I am 58 this year and the 2 small company pensions I have received since 55 are not worth a light when I think how much was in them 20yrs ago,they were sold on and raided 3 times and each time my fund depreciated substantially, there is no redress on them and they then charge you for them stealing your money, property is where the money is, my mate bought his factory when everyone else was renting, he has now retired,sold his company and rents out his premises,he can sell it whenever he wants more money and every year that goes by his investment just keeps increasing as the area's retail value increases, WM

Sorry pluckehhh. Can't take you serious with that avatar. Too busy pullin' me plonkoh mate.

[Rez 4,961]

Private pensions need a final pot of around £250,000 in them to realise around £250 per week at 65 " ish" I was told ?

Being a builder I got into renting properties out so those are my pensions and they will never die with me like a pension will.

I did save a pot of money for a pension but after all the stock markets and governments, I think growth has not been as good as expected over the years on many pensions.

 

 

A " Boyyyyy" of 30 yrs of age needs £ 8,000/ year "SPARE" put away for a decent wedge then for 65 is it ?

 

 

atb.

 

Thank you mark. Obviously, I don't have the fund to buy two houses... If only I could build the buggers.

 

Out of interest, won't the tax man be bending you over being a landlord with all the rules just come in for landlords and such? Not meaning to get you started with your hatred no doubt...

 

 

 

 

 

 

 

 

 

 

 

 

 

"Only saying like"

 

 

 

 

 

 

 

 

 

 

Whatever that means.

 

X

[mark williams 7,551]

Not at all Rez.

I simply bought rundown property for cash back in the 90`s and tidied them up as and when I earned a wage.

A long hard path to walk, and they need constant maintenance.

A good friend of my school years saw me for the first time in years about 10 years ago. Mick was, and still is, " thicker than concrete", anyway Mick got into the "buy to let" scheme about 25 years ago and now owns 28 properties,- " yes he owns them".

You have " NO CHANCE" of doing this again as the government has moved the goalposts, as everyone knows, with buy to let.

 

By the way Rez,- what do you do as a business ?

 

atb,

" Tommy Walsh "

[Deker 3,478]

If at all possible consider a private pension asap, and as young as possible.

 

Advise/comment from the likes of THL can be useful, but realistically, discuss this with a professional, preferably 2 or 3 before embarking on this route!

 

[Plucky1 1,119]

If at all possible consider a private pension asap, and as young as possible.

 

Advise/comment from the likes of THL can be useful, but realistically, discuss this with a professional, preferably 2 or 3 before embarking on this route!

 

My neighbour is a financial consultant and he has no pension,he and 5 other consultants are buying a large building in Liverpool,this will be their pension, even government bonds cannot give you that return on your investment, WM

[Deker 3,478]

 

If at all possible consider a private pension asap, and as young as possible.

 

Advise/comment from the likes of THL can be useful, but realistically, discuss this with a professional, preferably 2 or 3 before embarking on this route!

 

My neighbour is a financial consultant and he has no pension,he and 5 other consultants are buying a large building in Liverpool,this will be their pension, even government bonds cannot give you that return on your investment, WM

 

 

What return would that be?

 

He is speculating, many will tell you he is in for a fall, you make your choices!

 

Hindsight and a Crystal ball are very useful!

 

Edited April 27, 2016 by Deker

[J Darcy 5,871]

One more thing...opt out of the government pension, so it goes into your own kitty. let's be honest, in 30 years time there won't be a state pension as the country won't be able to afford it..