Originally posted by MarillionFan
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Reply to: 80 will be the new retirement age
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Previously on "80 will be the new retirement age"
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Originally posted by MarillionFan View PostModelled it last month. It's not great.
Was pretty impressed at the time (being pre-teen) though it taught me at an early age that land speculation can be fraught with problems. My parents made me throw it away when we moved house and there wasn't room for it.
I do wonder if it was one family 'heirloom' worth keeping seeing as there's a model railway shop that's still open in my old hometown, and has been there at least 30 years. So there must still be quite a demand for this stuff to fill your man shed with.
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Originally posted by PAH View PostApparently 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.
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Originally posted by MarillionFan View PostYears 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.
There's actually little point putting a hard figure on "x" so far into the future.
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Originally posted by northernladyuk View PostI'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.
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Originally posted by SueEllen View PostSmall house tends to mean small garden especially if it's a modern shoebox.
The shed will be too near the house.......
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Originally posted by zeitghostThat's what the shed is for.
You spend all day in there, potching about, while she makes the dinner.
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The shed will be too near the house.......
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Originally posted by Sysman View PostYes, 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.
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Originally posted by SueEllen View PostCouncil tax - could easily eat up a large part of your income.
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.Last edited by Sysman; 19 November 2011, 19:20.
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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.
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Originally posted by PAH View PostSo 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.
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Originally posted by zeitghost
Nope. Against human rights.
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Originally posted by escapeUK View PostAll you do it just go on benefits to top you up to the income *they* think you need to live on. I saw this with my two grans. One no pension, so free home, free council tax and money for everything else. Other gran good pension, she owned her own home, so paid for everything herself.
Very little difference between the two.
Another grandparent had a few pensions from companies he worked at over the years meaning he was over the threshold for pension credits and other benefits so was worse off for it. Despite going for years with a reduced wage due to all the contributions he made.
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.
Trouble is this is likely to change over the coming decades but what will happen if people don't or can't afford to save a significant part of their wages over their working life (if they have a job)? Surely there will always be some form of state aid?
I'm thinking of changing my private pension to a SIPP so I can make some bad investments and get on the scrounge when I'm older. Though with the poor performance of my pension over recent years it looks like the 'professionals' are doing that for me.
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Originally posted by BrilloPad View PostThey mostly live in somewhere too large. They should sell up and give the young people a chance at the decent sized homes.
The idea that I could end up in a small house with no personal space and have to face my wife day in and out with little hope of repite makes me beg for the chance to work to 80!
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Originally posted by SueEllen View PostThere is your issue.
Lots of old folk own their own homes so when the boiler goes, the roof leaks, etc they need to pay for it out of their own pocket.
Oh and it's worse if you live in a conservation area. So that leaky roof you need to replace now can only be replaced with a specific material which triples the price.
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