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- 12 Jun 2004
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Judging by my OP, is it not clear I am 'new' to this?
@Rilot - Could the poll be adjusted in line with feedback? Larger increments?
Last edited:
Poll: Pensions - Are you worried about the future?
- Thread starter SideWinder
- Start date
Judging by my OP, is it not clear I am 'new' to this?
@Rilot - Could the poll be adjusted in line with feedback? Larger increments?
Soldato
- Joined
- 31 May 2009
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- 21,457
My pension pot is down 16% since Truss and #Modo opened their ******** mouths.
Thousands and thousands ****** into the ether.
Thankfully Mogg says they're not in danger, so reassured by that, if it ends up in threat, I am sure he'll bail me out.
Thousands and thousands ****** into the ether.
Thankfully Mogg says they're not in danger, so reassured by that, if it ends up in threat, I am sure he'll bail me out.
Surely you jest. 700k + would put him above a vast amount of people in this country. I have much less than that in mine and it would still comfortably last me 20+ years. Then again I'm not planning on world cruises or a Ferrari purchase when I take it.
Caporegime
- Joined
- 20 Oct 2002
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- 75,887
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- Wish i was in a Ramen Shop Counter
I actually only know the size of 1 pot, from my last work place. I have no clue the size of the current one...and i am not due to retire for like 25 years.
Yeah, inflation is bad, but the house is paid for, wife is working. I took some cash tax free.
I also piled loads into avc towards the end meaning a bit of a buffer until the state pension arrives
Council tax and energy are currently my biggest bills (apart from the wife's car which will probably go )
As others those bands are way too small.
I'd have thought most people in reasonable paid jobs for 10 years will have already hit the 40k+.
If you want 30k p/a at a retirement age of 68 then you're going to need 300k in your pot for every decade that you're alive. If you live into your 90s then that's 600k+.
Remember your pension should also grow (when the government aren't ******* around with the economy). So that's not quite 600k of salary contributions.
I'd have thought most people in reasonable paid jobs for 10 years will have already hit the 40k+.
If you want 30k p/a at a retirement age of 68 then you're going to need 300k in your pot for every decade that you're alive. If you live into your 90s then that's 600k+.
Remember your pension should also grow (when the government aren't ******* around with the economy). So that's not quite 600k of salary contributions.
Yeah you've just got to keep on top of things.
Kind of. I just find those pension planning tools incredibly depressing.
I think it works out to like £30k/year but inflation adjusted that is like a fiver if you plant to live a decent amount of time.
Caporegime
- Joined
- 11 Mar 2005
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- 32,221
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- Leafy Cheshire
Will be less than that if the state pension doesn't become means-tested.
Average pension pots [UK] - Occam Investing
Every now and then it’s interesting to see where the UK’s at with its finances.So I thought I'd use this week's post to see how the average UK pension pots are looking. And I found it pretty surprising. I was not only shocked by the average size of pension pots, but also how many people
occaminvesting.co.uk
Average pension pots [UK]:
- Ages 16-24: £2,700
- Ages 25-34: £9,500
- Ages 35-44: £30,600
- Ages 45-54: £81,200
- Ages 55-64: £189,700
- Ages 65-74: £190,000
- Ages 75+: £90,300
I dream of 30k lol, but we seem to be managing.
Soldato
- Joined
- 13 May 2003
- Posts
- 8,956
I'm defined benefit so don't know the pot size at the moment. Need to check my next statement. But if I can stay in my current scheme I might one day hit the cap even at its current level.
It's all relative though isn't it. If that poster retired at 58 and lives till their 93 then that's 35 years which gives him 20k p/a. Ignoring continual growth/investment and state pension. If that's plenty to meet his lifestyle requirements then that's where you want to be. If he's been used to living on a 60k p/a salary then it means some cutbacks on stuff.
Blimey those are rubbish, if you live 20 years that's about 8.5k or have I got that wrong.Average pension pots [UK] - Occam Investing
Every now and then it’s interesting to see where the UK’s at with its finances.So I thought I'd use this week's post to see how the average UK pension pots are looking. And I found it pretty surprising. I was not only shocked by the average size of pension pots, but also how many people
Average pension pots [UK]:
- Ages 16-24: £2,700
- Ages 25-34: £9,500
- Ages 35-44: £30,600
- Ages 45-54: £81,200
- Ages 55-64: £189,700
- Ages 65-74: £190,000
- Ages 75+: £90,300
Caporegime
- Joined
- 20 Oct 2002
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- 75,887
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- Wish i was in a Ramen Shop Counter
£30k p/a pension a year without a mortgage would be comfortable...if inflation to go sky high otherwise we might need to add another zero to that!
Soldato
- Joined
- 4 Aug 2007
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- 21,990
- Location
- Wilds of suffolk
Interesting timing, as I've also just had an annual statement come through for my pension with a previous employer.
10% drop since last year!
Sounds about right, well done Truss and Kamikwasi
True. As I'm living on savings I should actually have more money once I push the 'take pension' button (I'm 57) but am leaving it where it is for a good while yet now stupid is running the country in the hope that it recovers the thousands it loses every time she opens her trap.
I always take the state pension into account as well, which is around 10k currently.