Pensions!
- Thread starter HEADRAT
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Yeah, like that'll be around when you retire!
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Because they will just force you into a new scheme that isn't final salary.
Did you know that 26% of coucil tax is paying out for public pensions!
http://www.telegraph.co.uk/news/uknews/1508474/26pc-of-council-tax-goes-on-public-pensions.html
Did you know that 26% of coucil tax is paying out for public pensions!
http://www.telegraph.co.uk/news/uknews/1508474/26pc-of-council-tax-goes-on-public-pensions.html
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The demise of our final salary pension scheme is in progress at the minute. We had one of the best pension schemes in the country - not for much longer though. I believe there will be a ballot soon. Having spoken to quite a few colleagues there's a strong possibility of a "no" vote.
The new proposed scheme is a cap on pensionable pay of RPI +0.5% per year. For those soon to retire it isn't a big deal. For those of us with 40 years left, that could add up to a significantly low percentage of our final salary being paid.
Another sore point is that they want to close the existing pension scheme to new applicants from 2009 onwards. Them and us. 15 years down the line when they discover that the old pension scheme is costing them, I can bet there will be a resounding vote to ditch it from the newcomers who are going to get sold down the river next year.
We're not going to give up our pension that easy. A strike is possible before the end of the year.
The new proposed scheme is a cap on pensionable pay of RPI +0.5% per year. For those soon to retire it isn't a big deal. For those of us with 40 years left, that could add up to a significantly low percentage of our final salary being paid.
Another sore point is that they want to close the existing pension scheme to new applicants from 2009 onwards. Them and us. 15 years down the line when they discover that the old pension scheme is costing them, I can bet there will be a resounding vote to ditch it from the newcomers who are going to get sold down the river next year.
We're not going to give up our pension that easy. A strike is possible before the end of the year.
My latest statement for my pension showed a slight drop in forecasted worth, but not a major amount.
Now I did start mine when I was 18 - I'm almost 33 now, so I've been paying in for quite some years.
However it wasn't until my current job of the past 8 years when I was making much better payments - which my company 100% match each month.
Basically because of how long I've been paying in and the fact that the "credit crunch" won't last forever, this is just a small blip on an otherwise quite healthy looking fund for me.
Still hope to be retiring early because I had the forsight to start my pension really early.
Now I did start mine when I was 18 - I'm almost 33 now, so I've been paying in for quite some years.
However it wasn't until my current job of the past 8 years when I was making much better payments - which my company 100% match each month.
Basically because of how long I've been paying in and the fact that the "credit crunch" won't last forever, this is just a small blip on an otherwise quite healthy looking fund for me.
Still hope to be retiring early because I had the forsight to start my pension really early.
I don't have one at all, nothing and I'm 27. I know I should, but I just can't face putting all that money into what seems like a bad idea, all that money in and so very little if anything out. As people have said the annuities are rubbish, seems most of the money goes to the fund managers who are simply rolling dice!
I need all the money I have now to pay the mortgage, fat chance of starting a pension if me & the wife decide to have kids!
I need all the money I have now to pay the mortgage, fat chance of starting a pension if me & the wife decide to have kids!
but then im a civil servant so i get goverment pension 
its good stuffHow about beer, fast cars, women and good food. That way you'll probably not need a pension as you'll die by one of them at least at a reasonably young age
my belly, mainly