news & politics:discussion

[Skip997]

2 minutes ago, steviewevie said:

you'll get a state pension, right? you paid all the NI you need to pay? It isn't great, but it isn't nothing.

Yea

Might be just enough to live.

[Skip997]

2 minutes ago, Barry Fish said:

  Grow up and start putting away and stop messing around ? 

Far too late for that.

[fraybentos1]

23 minutes ago, Skip997 said:

Wasn't really a choice as the thought never even entered my head.

Too busy having fun.

You can have fun while putting away an extra hundred off quid a month for 50 years and turn that into hundreds of thousands / a million through  bascially 0 effort 

[Skip997]

3 minutes ago, Barry Fish said:

Its much easier to vote Labour and cry foul when you are poor from your own decisions and then moan endlessly on a forum 😛   

Thought I'd give you a chance, but back on ignore.

You really are a nasty bit of work.

[fraybentos1]

What age are you @Skip997? It’s probably not too late to sort something 

[Skip997]

Just now, fraybentos1 said:

What age are you @Skip997? It’s probably not too late to sort something 

I've never been comfortable revealing my age online. 

Here's a clue, I went to my first Glastonbury in 1985.

[Skip997]

Just now, Barry Fish said:

 You are probably going to have to keep working at some level.

No problem with that, presuming I'm still mentally and/or physically fit to do so.

[Neil]

1 hour ago, fraybentos1 said:

 😢 doubt I’ll get a state pension lol

People have been saying that all my working life. And there's no real suggestion that they might end.

[steviewevie]

1 minute ago, Neil said:

People have been saying that all my working life. And there's no real suggestion that they might end.

well with pension age increasing and life expentacy decreasing maybe more and more won't make it to pension age.

[Neil]

3 hours ago, Barry Fish said:

Yeah its a no brainer at the moment.  I am also "only" ten years or so off 55 when I can release money from my pension (if everything stays the same) so I am viewing my pension now more as a saving account than a pension.  While rates are low I am putting as much money as I can into my pension given the tax advantages.

The current situation isn't great for a lot but its f**king marvellous for some.

The retire at 55 thing was one of the worst poison pills a Govt has left following govts  cos it gets used for major tax avoidance. Also ten years of no income tax.

[Neil]

2 minutes ago, steviewevie said:

well with pension age increasing and life expentacy decreasing maybe more and more won't make it to pension age.

All of my generation looks like Making it to pension age.

[fraybentos1]

17 minutes ago, Neil said:

People have been saying that all my working life. And there's no real suggestion that they might end.

Yeah well they’d have been a bit premature. It’s a very real possibility in like 40 years time when I’ll be retiring. Too many pensioners not enough tax payers and it only looks set to get worse 

[lost]

2 minutes ago, fraybentos1 said:

Yeah well they’d have been a bit premature. It’s a very real possibility in like 40 years time when I’ll be retiring. Too many pensioners not enough tax payers and it only looks set to get worse 

Yes agree with this. The highest taxes in 80 years are papering over the cracks. Alot of countries are not hitting replacement rates via births and with so many jobs nowadays being able to be done via a laptop from anywhere in the world I can see countries starting to compete for the younger tax paying workers and they'll simply move to places that treat them better.

[steviewevie]

I'm 55 next year and seriously considering retirement. 😇

[Justiceforcedave]

1 hour ago, steviewevie said:

ooh...heard that was very good.  Where did you see it?

They were showing it in the local picturehouse cinema. I think it’s on most of the ppv streaming platforms.

It’s a tough watch. Some heavy stuff in there that will stay with me for a long time. Made me realise that I was pretty naive to the reality of what was happening. 
 

Should perhaps be mandatory viewing for anyone complaining about immigration numbers.
 

…also the fact that Russia had the gall to say it’s staged is shocker (though also not of course).

[fraybentos1]

5 minutes ago, steviewevie said:

I'm 55 next year and seriously considering retirement. 😇

Be good for you to free up more time to be able to post in this thread!

[Skip997]

1 minute ago, Justiceforcedave said:

Should perhaps be mandatory viewing for anyone complaining about immigration numbers.
 

This

[fred quimby]

2 hours ago, fraybentos1 said:

 

 

Make the right decisions in your 20s and you can set yourself up very well. 

Hahaha, should see the look on my Sons face when I tell him to put more away

[steviewevie]

 

[steviewevie]

RIP

 

[fraybentos1]

10 minutes ago, fred quimby said:

Hahaha, should see the look on my Sons face when I tell him to put more away

Show him what 100 quid a month invested between the ages of 20 and 50 looks like with a 9 percent average return and see what he thinks then.

Clue : it’s almost a million pounds

100 quid a month is easy for most people too  

[fraybentos1]

Just now, fraybentos1 said:

Show him what 100 quid a month invested between the ages of 20 and 50 looks like with a 9 percent average return and see what he thinks then.

Clue : it’s almost a million pounds

100 quid a month is easy for most people too  

In fact you get 20% added on in tax relief so would be way more than this in a SIPP

[Neil]

1 hour ago, fraybentos1 said:

Yeah well they’d have been a bit premature. It’s a very real possibility in like 40 years time when I’ll be retiring. Too many pensioners not enough tax payers and it only looks set to get worse 

I was saying that 40 years ago. I still have ten to go and am confident I'll be collecting it .if I don't it'll be due to incompetence and not conspiracy.

[Neil]

1 hour ago, Barry Fish said:

I won't be retiring at 55.  I don't think very many will in my generation.  But I can release 25% of my pot tax free and use it for other purposes like paying off the mortgage.  Which in return allows me to start easing back.

Its about me looking after myself rather than having to trust the state or be a burden on it.

It is tax avoidance.  I am avoiding shirt loads! but it fuels my later years and stops me being a burden longer term.

That's a sh*t investment scheme to pay off your mortgage you could have done that in a more efficient way if that has been your plan.

[Neil]

1 hour ago, steviewevie said:

well with pension age increasing and life expentacy decreasing maybe more and more won't make it to pension age.

It's a tiny govt saving. People said the Pandemic would save pension money of course it will have done but any day

Saving will be minimal within total govt spend.