CUK Pension Poll

[SueEllen]

Really?



What a scam.

Not really - how else to you convince people to save for their old age?

Plus not every pensioner is a tax payer.

[AtW]

Not really - how else to you convince people to save for their old age? Plus not every pensioner is a tax payer.

It's a scam because social security is a ponzi scheme - they would run out of money soon and would have to rob pension pots of those who saved extra in the interest of "fairness".

Govt needs tax revenues right now, why do you think they allow tax free saving? Because this allows them to get all the money right now to prop up otherwise insolvent system.

Investing into a good house makes more sense.

[SueEllen]

It's a scam because social security is a ponzi scheme - they would run out of money soon and would have to rob pension pots of those who saved extra in the interest of "fairness".

Govt needs tax revenues right now, why do you think they allow tax free saving? Because this allows them to get all the money right now to prop up otherwise insolvent system.

Yep - pensions schemes invest in government bonds it's a well known fact.

Investing into a good house makes more sense.

People who can afford to diversify their assets.

So they have a pension and a BTL and some art work and etc.

If you are on a low income you aren't suppose to save for a pension - unfortunately lots who do save aren't the most financially literate people.

[AtW]

People who can afford to diversify their assets.

Cash in bank(s) is safer than this.

[UglyBetty]

I sway between paranoia about being old and poor, and paranoia about putting wads of dosh aside only to croak when I'm 60. Currently putting £500 a month in - but no idea whether it's enough.

[AtW]

Currently putting £500 a month in - but no idea whether it's enough.

It's probably enough to support 1 current pensioner.

[DimPrawn]

Not really - how else to you convince people to save for their old age?

Plus not every pensioner is a tax payer.

You can always opt for the Michael Winner school of lavish retirement.

http://www.dailymail.co.uk/tvshowbiz...it-luxury.html

[AtW]

You can always opt for the Michael Winner school of lavish retirement.

Calm down dears, I'm only £9 million in debt: Michael Winner is out of pocket in pursuit of luxury | Mail Online

"He added that he had yet to spend the full £3million, but took out the lump sum because he did not want to keep returning every time he needed a bit more cash"



So an old chap who is said to be worth £35 mln goes to the bank to borrow £9 mln and they actually loan him?

[DimPrawn]

"He added that he had yet to spend the full £3million, but took out the lump sum because he did not want to keep returning every time he needed a bit more cash"



So an old chap who is said to be worth £35 mln goes to the bank to borrow £9 mln and they actually loan him?

Richard Kay: Michael Winner leaves shocking trail of £12m debts | Mail Online

Who'd have thunk it eh?

[AtW]

Richard Kay: Michael Winner leaves shocking trail of £12m debts | Mail Online

Who'd have thunk it eh?

So, essentially he fancied lifestyle that he did not want to pay his own money because that would involve liquidation of what he had, so he just went to banks and borrowed it.

This could have lead to another banking crisis if he lived much longer