Have you got a pension?

[minestrone]

I have a small stakeholder pension somewhere, a legacy of a permie role from 2003. think there is 3 grand in it. I got the plan estimate though,

[minestrone]

I have a small stakeholder pension somewhere, a legacy of a permie role from 2003. think there is 3 grand in it. I got the plan estimate though, 12 quid a month.

Bottle of tulipe whisky once a month!!

[James AS Financial]

Pensions get a bad rap due to past miss-selling scandals and poor returns.

A pension is like any long term investment and needs love, attention and maintenance. If you pay into a pension and never look at it until you retire it will be in an awful state, just the same as a property would without any maintenance.

If you are a higher rate tax payer, for every 60p you pay in the Government top it up to £1.00. This 40% uplift is unique to pensions and is a huge benefit. If you run your own Ltd Co this can pay in for you and it appears on the accounts as if it were an expense. It gets money out tax and National Insurance free.

Even if your pension invests in cash, this is still a substantial return and cannot be discounted.

How much you pay in is dependent on your situation, but they should definitely be considered as a complement to ISA’s and property.

[sasguru]

Not much. Seeing as you know jack-shot about the subject, I'm glad I am doing the opposite of what you think best. Good luck when your property portfolio loses 75% of it's value.

You really are too stupid for words and fully deserve your poverty.

[d000hg]

You really are too stupid for words and fully deserve your poverty.

I'll really be screwed when the 10% of my savings invested in a pension collapses?

You're as correct about my intelligence as my level of wealth, I have to give you that. It's a little sad for you that you see 'poor' as an insult.

[sasguru]

Did anyone read that "end of Britain" report that got punted out a week or so ago about the UK potentially going into an Argentine 2001 situation?

Scarey stuff!

http://www.fsponline-recommends.co.u...500&h=328&as=1

If you plot the debt as a proportion of GDP the graph becomes far less scary and in fact our current debt is not as high as in the past especially just after the 2nd world war.
Moneyweek are mereley doing what they always do ....

[sasguru]

I'll really be screwed when the 10% of my savings invested in a pension collapses?

You're as correct about my intelligence as my level of wealth, I have to give you that. It's a little sad for you that you see 'poor' as an insult.

Where did I say being poor is an insult, pauper?
Oh and you are stupid if you think investing in property is about capital gains (which it may well be in the long run) rather than inflation-proofing future rental earnings.

[d000hg]

Mods could you add a new option to the poll "I don't need one because I'm pretending to be wealthy"?

[LatteLiberal]

No pension, just properties.

[Doggy Styles]

I'm buying Andtw's mum as a Buy-To-Pimp. That should bring in a tenner a month.