80 will be the new retirement age

[PAH]

Are there no Prisons? Are there no Workhouses?

http://en.wikipedia.org/wiki/My_Old_Dutch_(song)

Nope. Against human rights.

[escapeUK]

So you're still better off having no pension, getting state pension and it topped up with pension credits to around £200/week, unless you can contribute hundreds per month to your own pension to come out only slightly better off once you consider you won't be getting any of the benefits you would if on state only pension.

I think the best of both worlds is to save for your pension in gold coins, totally off the radar and claim whatever you can.

[PAH]

Nearly right. Gold chocolate coins. Can eat the chocolate and trade in the gold.

The perfect survivalist investment short of a kitted out nuclear bunker.

[Sysman]

Council tax - could easily eat up a large part of your income.

Yes, my parents were chuffed when they paid the mortgage off early.

Within a year or two, the rates and water came to £1200 a year, and that was over 30 years ago. Their mortgage payments had never come anywhere near that sum.

[MarillionFan]

Yes, my parents were chuffed when they paid the mortgage off early.

Within a year or two, the rates and water came to £1200 a year, and that was over 30 years ago. Their mortgage payments had never come anywhere near that sum.

Years before i retire. But i would hope to have a minimum 'pension takehome' income of £50k p/a(in real terms) excluding any state pensions when I do retire.

[SueEllen]

That's what the shed is for.

You spend all day in there, potching about, while she makes the dinner.

.

Small house tends to mean small garden especially if it's a modern shoebox.

The shed will be too near the house.......

[northernladyuk]

Small house tends to mean small garden especially if it's a modern shoebox.

The shed will be too near the house.......

I've put my old man's name down for an allotment. It'll keep him out from under my feet now that he's struggling to find work. And it gives me the space I need for my own business.

[PAH]

I've put my old man's name down for an allotment. It'll keep him out from under my feet now that he's struggling to find work. And it gives me the space I need for my own business.

Apparently there's a massive waiting list for allotments. Could it be a worthwhile investment to buy a nearby field and divide into allotments to rent out to the local oldies?

I assume they pay a monthly/annual fee for their small patch of land?

Also, as the field is already agricultural maybe it wouldn't be a change of use that requires permission.

[Sysman]

Years before i retire. But i would hope to have a minimum 'pension takehome' income of £50k p/a(in real terms) excluding any state pensions when I do retire.

That reminds me of the guy I met in 1985-ish who claimed he wanted to "make a quarter of a million by the time I am 30 and then retire".

There's actually little point putting a hard figure on "x" so far into the future.

[MarillionFan]

Apparently there's a massive waiting list for allotments. Could it be a worthwhile investment to buy a nearby field and divide into allotments to rent out to the local oldies?

I assume they pay a monthly/annual fee for their small patch of land?

Also, as the field is already agricultural maybe it wouldn't be a change of use that requires permission.

Modelled it last month. It's not great.