Pensions
- Thread starter djchewie
- Start date
Morbyd said:Ah, Chewie... you and my dad would get along well. Never too young to save for your retirement.
(or to blow your savings on an ill-conceived move to Florida)
I'm watching my small cash horde grow at a startling rate of 5% 8)
only started it in 2001.
set my retirement age at 60 too
seeing that i'll get **** all state pension, even tho im paying in hundreds a month in tax, i thought it might be a good idea to have started one.
anyway, im only paying in the min amount possible ofr the time being.
chewie_oo7 said:
I forgot
All i care about is figures.I'll dig it out and let you know tomorrow if you like.
I'm paying mine in lieu of part earnings which gets me something daft like another third on top of my contribution. Even more if you're 40% tax payer Chewie. Speak to your boss, maybe he/she would do this for you?
Drew said:I forgot
I'll dig it out and let you know tomorrow if you like.
I'm paying mine in lieu of part earnings which gets me something daft like another third on top of my contribution. Even more if you're 40% tax payer Chewie. Speak to your boss, maybe he/she would do this for you?
that is something i read up on the standard life website.
if yr a paying "normal" tax, u get credited automatically. start paying 40% tax, and u gotta make a claim for it.
more funkin paperwork.
Paddy Eeziglow
Active Member
I'm in the NHS pension- it's the best final-salary pension you can get. And, unlike company final-salary pension schemes, this one isn't going to change!
chewie_oo7 said:that is something i read up on the standard life website.
if yr a paying "normal" tax, u get credited automatically. start paying 40% tax, and u gotta make a claim for it.
more funkin paperwork.
No, i didn't mean that.
Say, for example, you pay £200 a month into your pension. Ask your employer to reduce your salary by the same (gross), but pay the £200 for you. This way you'll still get the £200 (net) to contribute to your pension. This is 100% legal so take advantage of it.
going to start mine next year if I can - need to pay off my overdraft and try and sort out my finances first.
Desperate to not end up like my parents who are a bit funked after not starting theirs early enough. Keen to retire at about 60 or much earlier if my career goes to plan!!!
Desperate to not end up like my parents who are a bit funked after not starting theirs early enough. Keen to retire at about 60 or much earlier if my career goes to plan!!!
Morbyd
Moderator
My parents started late but cleaned up in the dot-com bubble and had a good amount saved up when they semi-retired.naddyz said:
Then they blew the money moving and couldn't get decent jobs in their new city for a long time (forcing me and my brother to have to bail them out
)I think the best pension insurance is having a couple of well-educated kids
rosswilliams
New Member
Found out half way through last year that my company hadn't been paying into mine for a year when they should of been because of some idiot who worked for HR didn't process my form. That was a tad annoying to say the least!
