will_doyle
Banned
Registered: 25th Nov 08
Location: Exeter
User status: Offline
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Long way off for some, and depends what job you end up with
But was looking at my Grandad's and he gets 25k a year after tax
pretty good
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Depends what you contribute and how long for. The bad news for most young people is that they're not paying enough.
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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Lucky for me, well, for now anyway, Royal Mail pension scheme is pretty good.
Iirc, I pay 7%, Royal Mail pay 14% in, something like that anyway. Mum said it was much better than her scheme
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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shit loads  private ford pension ftw
bloke who just retired got 80k lump sum and about £350 a week for 37 years service.
easily live off that.
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Rickavo
Member
Registered: 2nd Jul 09
Location: Manchester
User status: Offline
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quote:
Originally posted by Ben G
shit loads private ford pension ftw
bloke who just retired got 80k lump sum and about £350 a week for 37 years service.
easily live off that.
I think im in the wrong trade!! what Qualifications did you have before you got your job?
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Dont pay into a pension, never have.
Old age pension if im still alive.
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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I pay 4%, company pays 6%. No idea how that works out but at the time paying in as much as possible to get better rewards seemed like a good idea.
Maybe ought to pay a bit more attention to it 
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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quote:
Originally posted by Colin
Old age pension if im still alive.
Didn't that get scrapped?
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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I pay 5%, company pays 10% (they pay double my contribution up to a maximum of 10%, so I only pay 5% for now).
I understand where Colin is coming from, but Im not certain I will be earning the money he IS certain he will be earning soon 
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nikkijamie
Member
Registered: 26th Sep 07
Location: dartford
User status: Offline
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i'll get £2.50 a week and mugged and beat up by illegals and yobs
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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I get a 9% non-contributary pension through work. Got an estimated balance for when I retire and it isn't enough.
It'll get better when I earn more but is still a concern. Once the mortgage is payed of I'll have to bank a bit more.
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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quote:
Originally posted by Ben G
shit loads private ford pension ftw
bloke who just retired got 80k lump sum and about £350 a week for 37 years service.
easily live off that.
But are you on the same policy as them?
Loads of people are retiring my my company this year with VERY good packages but no-one who started in the last 13 years will have a package anything like those that are now retiring.
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by Colin
Dont pay into a pension, never have.
Old age pension if im still alive.
This. But to elaborate on that;
A pump action Shotgun costs Circa £500. Probably more then due to inflation. But I'll take out whoever is fucking up the Country at the time then put a shell through my head. Living life to the full FTW.
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Jake
Member
Registered: 24th Jan 05
User status: Offline
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none. i dont pay into a pension. I dont even think pensions will be around when ive retired
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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quote:
Originally posted by jake
none. i dont pay into a pension. I dont even think pensions will be around when ive retired
Yeah but money will?
Unless they all go tits up I think you'll find they will be!
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Jake
Member
Registered: 24th Jan 05
User status: Offline
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quote:
Originally posted by Matt H
quote:
Originally posted by jake
none. i dont pay into a pension. I dont even think pensions will be around when ive retired
Yeah but money will?
Unless they all go tits up I think you'll find they will be!
would rather save into an ISA and take abit of money out each week. pension is another way for the govt to get money out of you.
[Edited on 08-05-2010 by jake]
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by Matt H
quote:
Originally posted by jake
none. i dont pay into a pension. I dont even think pensions will be around when ive retired
Yeah but money will?
Unless they all go tits up I think you'll find they will be!
Hmmmmm,
Endowment mortgage anybody?
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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quote:
Originally posted by jake
quote:
Originally posted by Matt H
quote:
Originally posted by jake
none. i dont pay into a pension. I dont even think pensions will be around when ive retired
Yeah but money will?
Unless they all go tits up I think you'll find they will be!
would rather save into an ISA and take abit of money out each week. pension is another way for the govt to get money out of you.
[Edited on 08-05-2010 by jake]
My pension is currently making me more money than having the equivalent amount in an ISA
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I dont think i'll live to 60+ anyway.
Having money when im old isnt something that bothers me I dont plan that far ahead....might aswell enjoy it now 
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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Cols just put what I was gonna put
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Matt H
quote:
Originally posted by Colin
Old age pension if im still alive.
Didn't that get scrapped?
Dont think so, my maw started getting her's this year
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by mattk
Cols just put what I was gonna put
Amen Brother!!
Unless I get offered a non-contributery pension by the company Im working for then im seriously not going to have one, period!!
The way I see it is i'd rather have a 911 on the drive & 3 holidays a year when im 30 than know i'll be ok for beans on toast when im 70 & cant make it to the toilet..............someone will look after me then if im not dead
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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Also, if you buy a lovely car which will only apreciate, you can enjoy it when young, and sell it when old
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by Rob_Quads
quote:
Originally posted by Ben G
shit loads private ford pension ftw
bloke who just retired got 80k lump sum and about £350 a week for 37 years service.
easily live off that.
But are you on the same policy as them?
Loads of people are retiring my my company this year with VERY good packages but no-one who started in the last 13 years will have a package anything like those that are now retiring.
iirc he paid 6 or 7%, i pay 9% so i'm actually paying more in, therefore more monies when i'm an old fogey.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by mattk
Cols just put what I was gonna put
Amen Brother!!
Unless I get offered a non-contributery pension by the company Im working for then im seriously not going to have one, period!!
The way I see it is i'd rather have a 911 on the drive & 3 holidays a year when im 30 than know i'll be ok for beans on toast when im 70 & cant make it to the toilet..............someone will look after me then if im not dead
but if you started your job when you were young like me (i was 19 when i started at ford) then in 35 years time i'll only be 54 which in my eyes, is still quite young, and hopefully i won't be slurring my words or pissing/shitting my pants.
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