Newton's Ring
Established Member
Thought I'd try again but this time with the poll...sorry mods, I'm a bit slow.
Final salary scheme here, and a rather generous one (at the moment) I put in 6% and my employer puts in 23%
And here was me thinking I was the only 21 year old that has a pension plan. Yeah I have one, with the NHS Pension scheme. Man, I feel oldI have one, Only started it last September though. The joys of being 21
I would say the statistic that 50% of people do not have a pension is fairly accurate,.....
I work as a Financial Planning Manager and the general lack of retirement planning and apathy towards income in retirement is staggering.
I think that's a bit insulting, to be honest.
I think most people are very aware of the need for a pension, they just aren't in a financial position to do anything about it.
That's not apathy.
I think that's a bit insulting, to be honest.
I think most people are very aware of the need for a pension, they just aren't in a financial position to do anything about it.
That's not apathy.
Mine is in bricks and mortar.
I dont trust these pension plans. It also makes me laugh when I see pay X amount a month and get £100,000.00 in 35 years. What will £100,000.00 be worth in 35 years time?
I think that's a bit insulting, to be honest.
I think most people are very aware of the need for a pension, they just aren't in a financial position to do anything about it.
That's not apathy.
Coincidentally, we had a meeting today that suggests that the employees contribution may have to go up to 9% if we want maintain the 'half final salary' deal that it currently is.
Anybody else going through this at the moment?
I work as a Financial Planning Manager and the general lack of retirement planning and apathy towards income in retirement is staggering.
I would say the statistic that 50% of people do not have a pension is fairly accurate, however since the introduction of Pensions Simplification the options to plan for your retirement are better than ever before.
The availability of tax relief on your contributions, the choice of investment funds, the huge benefit of the reduction in pension policy charges and the wide choice of how to take your pension has made this way of saving for your retirement much more appealing.
From my experience, people who do not have a pension have some misconceptions about them and having taken some time to hear the facts, usually feel more confident about their options before deciding on how much contribution is required to give them the retirement they desire.