Following on from DP's pointless poll, curious to know how much people stick in their pension. Thinking of upping mine in case I do live to be old...
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16025.00%40.1 - <0.512.50%20.5 - <112.50%21 - <1.518.75%31.5 - <212.50%22 - <2.56.25%12.5- <56.25%15- <100.00%010- <500.00%050- < 1000.00%01000.00%0AndyW's mum keeps me young.6.25%1 -
0.74 but I'm a lot younger than you
Originally posted by Stevie Wonder Boy -
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I'm still paying into mine even though i'll never collect it, the government top up all goes towards the transfer value.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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I did wonder what happens if you die before payday. I thought there was some stupid tax on transferring.Originally posted by doodab View Post
Anyway - done it. Upped it to 2 and a bit x day rate.Comment
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No, apparently I send them a letter from the doctor saying I'm about to pop my clogs and they give me the money back. I'm planning on putting it towards the house the kids will grow up in.Originally posted by mudskipper View PostWhile you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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If it is one thing I have learned it is never give money to others to manage on my behalf. Unless you enjoy a Public sector pension it is far better to take the hit on taxed income to have full control of any investments you make over your working life. My mother died before she could enjoy any benefit & my fathers pension was burned through paying £900 @week
in care home fees.
The Govt. is planning another raid on pensions by limiting the cash amount that can be taken tax free so all seems a pretty pointless exercise - with investing yourself in either shares or property you have full control & assets that you can hand on to your childrenHow fortunate for governments that the people they administer don't thinkComment
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I moved mine into a SIPP last December, so do feel much more in control. Prior to that, I got a statement once a year where the amount never seemed to increase very much, and I had no idea where stuff was invested. Now I log in daily to see how rich I am - currently it's around 3% up on December, so reasonable growth for 3 months, if that continues!Originally posted by Troll View PostIf it is one thing I have learned it is never give money to others to manage on my behalf. Unless you enjoy a Public sector pension it is far better to take the hit on taxed income to have full control of any investments you make over your working life. My mother died before she could enjoy any benefit & my fathers pension was burned through paying £900 @week in care home fees.
The Govt. is planning another raid on pensions by limiting the cash amount that can be taken tax free so all seems a pretty pointless exercise - with investing yourself in either shares or property you have full control & assets that you can hand on to your children
My dad also died before he got his pension - not sure if my mum gets a bit from it, but assume that she does.Comment
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Do you mean monthly or annually - DP's poll was the former but for pensions, annually makes more sense as we typically don't do it each month. Do I need to amortise?Originally posted by mudskipper View PostOriginally posted by MaryPoppinsOriginally posted by vetranComment
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