BIGLURKS 874 Posted December 27, 2016 Report Share Posted December 27, 2016 How many of use lads have got all your pensions sorted for retiring was looking at mine the other day and there really isn't that much there have any of use self invested for retirement and how did use get on how many pensions have use got Quote Link to post Share on other sites
tatsblisters 9,602 Posted December 27, 2016 Report Share Posted December 27, 2016 I pay into a works pension though it will be worth peanuts when i retire i also get a pension now from the MWPS (pit pension) and the wife has just took a lump sum out of her SA Council pension that she paid into for over 20 years but we will still have to rely on the state pension. Quote Link to post Share on other sites
bell 3,598 Posted December 27, 2016 Report Share Posted December 27, 2016 I don't have a pension mate, I'm in my forties mate and I reckon the generation before me were the lucky ones. My old man has it sorted god bless him. Just missed the war, has that 'old fashioned' values having lived in a frugal era and values things in today's throw away society.....but has a pension that is wort something...I'm lucky and have a few fingers in.. 1 Quote Link to post Share on other sites
mackem 26,333 Posted December 27, 2016 Report Share Posted December 27, 2016 Bricks and mortar,got a few things and a place abroad,rent out here and retire in the sun is the plan,but too early for that yet. Quote Link to post Share on other sites
tatsblisters 9,602 Posted December 27, 2016 Report Share Posted December 27, 2016 The days of the Nationalised industry pensions are now a thing of the past all these workplace pensions now in place I believe will be worth feck all in say 30 years time and will be an exscuse to no doubt abolish the state pension. Quote Link to post Share on other sites
cragman 2,769 Posted December 27, 2016 Report Share Posted December 27, 2016 Got a good company pension but they're talking about changing it now. I pay into a share scheme and have loads of bonds. Paid for the house. Looking to invest in bits and bobs as well for the future Quote Link to post Share on other sites
Malt 379 Posted December 27, 2016 Report Share Posted December 27, 2016 Dont know if its my age group or just indicative of the people I know, but it seems like everyone my age seems to have grown up knowing f**k all about pensions and how it all works.. Quote Link to post Share on other sites
BIGLURKS 874 Posted December 27, 2016 Author Report Share Posted December 27, 2016 Iam kinda wishing I sorted it all out years ago we have got the people pension at work and it's never going too be enuf I was calculating the day I'll be 67 before I could even semi retire and that's even if I pull my finger out get my debts paid off and a house bought within 5 years wish I bought some mutual funds or something back when I was younger but it's trying to figure out were too put money the now too hopefully retire a little earlier then 70 Quote Link to post Share on other sites
antg 1,767 Posted December 27, 2016 Report Share Posted December 27, 2016 never paid into one as i was told they not worth it. bricks and mortar seems good advice if you can manage it. 2 Quote Link to post Share on other sites
tatsblisters 9,602 Posted December 27, 2016 Report Share Posted December 27, 2016 I think all the incidents were those who payed into private pensions then ended up getting shafted put people off paying into them bricks and mortar have got to be a better investment for those that can afford to. Quote Link to post Share on other sites
Kay 3,709 Posted December 27, 2016 Report Share Posted December 27, 2016 Oddly enough I have been reading about pensions today, I was getting a bit worried as I have always worked but they have been part time jobs where I dont pay tax or ni contributions. I have paid ni contributions in the past at times but no where near the 30 years I need to get a full pension, apparently if you have 10 years or less of contributions you WONT get a pension unless you make up the shortfall of ni contributions This is a big worry for me as I bring in less than 100 quid a week & dont relish the though of having to pay out a sizeable chunk of my earning to make up the contributions. I am up shit creek I think Quote Link to post Share on other sites
nans pat 2,575 Posted December 27, 2016 Report Share Posted December 27, 2016 just get on the dla bandwagon before yer 65 plus yer rent paid plus the pension,car paid for,foods cheap now.what else do you need 1 Quote Link to post Share on other sites
tatsblisters 9,602 Posted December 27, 2016 Report Share Posted December 27, 2016 just get on the dla bandwagon before yer 65 plus yer rent paid plus the pension,car paid for,foods cheap now.what else do you need Good advise lol it pisses me off me and the wife pay tax on the pensions we now get and no doubt will pay tax on them when we both have to stop working. Quote Link to post Share on other sites
BIGLURKS 874 Posted December 28, 2016 Author Report Share Posted December 28, 2016 just get on the dla bandwagon before yer 65 plus yer rent paid plus the pension,car paid for,foods cheap now.what else do you needits not easy too qualify for that any more I damaged 2 vertebraes and 3 disks a while back there and they would not give me dla because I could still walk and was waiting for surgery I ended up living of 70 quid a week sick pay for a whole year I can't see the govermeant in power relaxing them laws either Quote Link to post Share on other sites
BIGLURKS 874 Posted December 28, 2016 Author Report Share Posted December 28, 2016 Oddly enough I have been reading about pensions today, I was getting a bit worried as I have always worked but they have been part time jobs where I dont pay tax or ni contributions. I have paid ni contributions in the past at times but no where near the 30 years I need to get a full pension, apparently if you have 10 years or less of contributions you WONT get a pension unless you make up the shortfall of ni contributions This is a big worry for me as I bring in less than 100 quid a week & dont relish the though of having to pay out a sizeable chunk of my earning to make up the contributions. I am up shit creek I think is there not thing if you've done 15 years though your still intitled too some though Kay Quote Link to post Share on other sites
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