Colin
Member
Registered: 4th Apr 02
User status: Offline
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I got one of those the other day deano 
My ransom was for £234, im not even going to reply as ive got 9yrs under my belt and only need another 21 to qualify & theres no chance of me retiring before im 48 unless that lottery win gets a move on!!
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Ste
Premium Member
Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline
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I put into the company pension scheme and also buy shares, all of which come off my gross wages so i don't pay tax on them, yet.
I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Kathryn W
Lucky enough to get a large lump sum on retirement age..
My old boss got £30k in his lump sum alone!! 
30k lump sum if he'd been working there all his working life if absolute toilet isnt it!!
IMO You'd be better to buy a 2nd home, rent it out to pay the mortgage & then sell it when you need the cash later in life, or just leave it generating an income.
Either way its going to give you a greater return than a pension.
I draw my conclusions from the fact, my grandparents paid £1200 for their home 40odd yrs ago when they moved up here. Around the same time my Grandfather started paying into his works pension scheme, right up until he died, he didnt get any of the benifit of a pension & my gran got a much scaled down widows pension instead. If they had bought the houe next door then it would be worth around £150k today & could have been drawing in an income for the last 20yrs!!
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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30k is crap if he'd been working there a while.
my grandad got something like 70k about 15 years ago when he retired. he's mid 70's now.
heard of a lot of people doing 35-40 years getting over 100k lump sum and 40k a year aswell.
imagine that 
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J da Silva
Member
Registered: 10th Apr 03
Location: The FACTory
User status: Offline
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quote:
Originally posted by Twiggy
but in 40 years time when i am looking to retire i am sure it will be back to normal and rather have something than nothing...
Luckily I won't have that problem that you speak of.
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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Meh, I dont have a pension, and I dont intend to be setting one up any time soon for myself. Company one contributes jack shit anyway and with the market how it is its certainly not worth throwing my money at one myself.
I intend to retire a rich man anyway and dont plan on needing a pension to see me through my twilight years.
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Ste
Premium Member
Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline
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Some of the blokes in work have just took early retirement with a £130k lump sum and £20k per annum pension.
I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.
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