Who has thought about their pension?

[Mike]

Does a pension bother you? Are you paying into one? Or is it a case of "wait and see"?

I'm doing salary sacrifice scheme, 5%. Apparently, my take home pay is more if you do a SS pension, it certainly is for the wife lol!

I know there are lots of pensioners on here already who will all tell you to get started asap!

So, have you got one in place?

 

[mikey197]

As long as the goverment dont steal it off me in 30 years I shud have a decent pay out and retire on half my last 5 years wage on average

 

[Nashy]

As long as the goverment dont steal it off me in 30 years I shud have a decent pay out and retire on half my last 5 years wage on average

^

Same

 

[Arran]

I want one, but can't afford it at the moment on the terrible wage I'm on.

 

[Deako]

I have about 12% salary monthly going into my company scheme.

I pay avc of 3%, the company matches it, and puts an extra 6% in on top iirc. Or it might be 8% with 14% total. Will have to check.

It's the only way I will get a pension, as the govt will have probably stopped paying out for pensions by then.

 

[Adrian]

I have a work pension. Not going to be worth much at all. Better off keeping it in an ISA !

 

[BenW]

Not even thought about it, prefer to put my money in savings/ISA/shares

 

[RichW]

Havent had one upto two years ago, was contracting until i began with my current employer - i'm not sure of the specific percentages, but looking at my latest pay packet, this month i paid £125 into it, employer paid £361 - soooo ...ummm, £486 pcm into my pension.

Until i started with them, i had the outlook that i would just downsize my house when i retired, add that to my government pension, voilà!

..just remembered, got to buy a house to do that!!! .... thats why i now got a Clio!!! ho-hum

 

[RichW]

I know there are lots of pensioners on here already who will all tell you to get started asap!

When i was in my early 20's i went out with a financial advisor - she advised me to get pension, well, tried to sell me one, relationship didnt last long :lol:

Such was my mind set back then. I'm 39 in a week, mind set now slightly different - i wish i'd gone for it, the same as i wish i had bought a house, i know i'm not exactly ancient (..yet) but time does go so quickly, i really can identify with the afore mentioned pensioners now.

So - do it! Get one! (pension and house!!) :-p

 

[mark_1873]

I've got one, been paying into it since I was 18.

 

[Maz]

Had them and don't now, I'm going to work until I die lol

 

[Gouldy]

I was going to set one up when i came out of my time. I was in and out of work for abit though and with me staying on at college for a few extra years I decided to wait until I become qualified and work full time before setting anything up.

ATM the goal for me is just to survive every month and keep a roof over my head. ( it's poor only working 30 hours a week )

 

[Roy]

im on a final salary pension from work +private 1 took out 30yrs ago
prob be worth nothing when i retire

 

[Fiona197]

I have several old small final salary pension schemes and I pay into a SIPP with Hargreaves Lansdown..

I review the fund selection regularly and get projections so I know what I am expecting in retirement (which is not that long off..)

I agree completely that you should plan ahead for your retirement, and anything saved is better than nothing (and the state pension is nowt) . Pensions are obviously tax efficient, and whilst some may not like the inaccessibility of the money, that's probably a good thing for me

Don't forget that employers will be obliged to offer a pension scheme called NEST (it's not quite compulsory to join, but you have to formally opt out) from 2012-2016 onwards

Whether someone chooses choose pension or ISA (or Buy to Let property) is their choice, but you don't get many employers contributing to ISAs...

 

[Mike Roberts]

Pension all the way, your company and the tax man are giving you free money towards it... you'd have to be mad not to.

It's alright saying I can make more in an ISA/on the stockmarket, but can you really? and can you afford to lose it all should you make a bad decision??

I've got an old school civil service final salary scheme. It's an absolute gift.

 

[Foxspeed]

Pension all the way, your company and the tax man are giving you free money towards it... you'd have to be mad not to.

It's alright saying I can make more in an ISA/on the stockmarket, but can you really? and can you afford to lose it all should you make a bad decision??

I've got an old school civil service final salary scheme. It's an absolute gift.

well said !

i have one and pay 6% in to it - its gone from final salary to a career average jobbie but the years on final are "protected"

as for what i will end up with depends on if the witch wants her cut :argue:

 

[jase]

ive got 3.
2 with past employers and 1 with current employer.
been paying into pensions since i was 20 and now im 38.
cant transfer them all to 1 due to the withdraw/transfer clauses in them
pain in the backside keeping track of them all.

 

[jimmygall]

i have mine from work retire at 55. payout is based on 2 months salary per year times years served. monthly payout is based on last 2 years salary divided by 24 then 75% of that apparently

 

[jaxx]

Had a stakeholder pension with the bank for a few years now and been managing to plough a fair wedge into it over the past few years so its doing quite nicely

Plus i dont intend to work a day past the age of 50 lol

 

[clio200cup]

army will give me one - none contributary.
if i get out before minimum of 22, i will begin to pay into one yes.