A happy day for Cyberman

[gingerjedi]

I had some good news as well, I had a letter from HMRC with a cheque attached.

£4.41p

One of those "yayyy....oh" moments.

[Cyberman]

Congrats, better than nothing.

But if it isn't index linked you might still be working until you drop like the rest of us (or some of us) ...

Yes, it's index linked with a minimum rise of 3% and maximum 5% per year depending on the RPI. I must say though that if we get hyperinflation, which is expected, 5% will be inadequate.

[DimPrawn]

Yes, it's index linked with a minimum rise of 3% and maximum 5% per year depending on the RPI. I must say though that if we get hyperinflation, which is expected, 5% will be inadequate.

And what with your house going up 10% every year forever, you really are laughing all the way to the bank.

[Cyberman]

Yes, it's index linked with a minimum rise of 3% and maximum 5% per year depending on the RPI. I must say though that if we get hyperinflation, which is expected, 5% will be inadequate.

Thinking about this a bit more, 3% minimum could be very advantageous if we hit a long-term deflationary period. SMUG

[Cyberman]

And what with your house going up 10% every year forever, you really are laughing all the way to the bank.

Actually, being a single man, I am considering letting my 4 Bed detached for further income and renting something much smaller in warmer climes. Then I really will be quids in. Then of course the state pension comes into play at 65, which will be a nice bonus. SMUG

[Pondlife]

Mods. Someone has clearly hacked in to Cyberman's account. I am outraged at this lack of security!

We'll have links to his Guardian blog posts next!

[Cyberman]

Damn.... I've been rumbled

[Cyberman]

Another happy day for me .... it's been announced that Equitable life pensions holders will get compensation due to failure of the regulator, the FSA !!


http://news.bbc.co.uk/2/hi/business/7830964.stm


Hopefully, this will also have a knock-on effect with Northern Rock whose problems were also caused by regulatory failure !!

[Stan.goodvibes]

OK call me the odd one out but I have no plans on ever retiring. I actually enjoy what I do and while I may not carry on working full-time I have no intention of selling my trainers and becoming my own grandad sitting round the lounge watching reruns of Last Of The Summer Wine.

Given that we can realistically expect to live a further 30-odd years beyond retirement, I suspect that I'll always be wanting to have a business of some sort.

Of course financial freedom is nice, but thats a whole nother ball-game...

[Cyberman]

OK call me the odd one out but I have no plans on ever retiring. I actually enjoy what I do and while I may not carry on working full-time I have no intention of selling my trainers and becoming my own grandad sitting round the lounge watching reruns of Last Of The Summer Wine.

Given that we can realistically expect to live a further 30-odd years beyond retirement, I suspect that I'll always be wanting to have a business of some sort.

Of course financial freedom is nice, but thats a whole nother ball-game...

I don't think I will do nothing and will probably carry on contracting part-time to an extent. This just means that there is no financial pressure to work, which is a great position to be in.