Robbo
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Registered: 6th Aug 02
Location: London
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not state pension, you die and it goes
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Half Pint
Member
Registered: 25th Mar 02
User status: Offline
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oh i know that, but you can't opt out of paying for the state pension.... it's just tough shite!
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Colin
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Registered: 4th Apr 02
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Well my gran got a widows pension but said its nothing in comparison to what it should have been. They really lost out so on that basis as its the only thing I have to go on - im out!!
I should get final salary company pension anyway but thats a long way away & you never know whats going to happen etc.
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Half Pint
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Registered: 25th Mar 02
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the goverment want people to plan for the future but as we've seen there is no real way of putting your money somewere safe that will guarantee any profit or return.....
and given that they always dig those who squander all their cash why can't everybody else!
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Colin
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Registered: 4th Apr 02
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I still think 2nd house is a winner. Buy something now, rent it out & sell in 30yrs time when I need the cash freed up, or let it roll & make an income once its paid.
Look at house prices for the last 30yrs. Ok it might slow down but even if it goes up 1/2 as much your still onto a winner!!?
My theory anyway!!
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Holding onto a house for 30yrs leaves you open to a lot of possible situations that could lose you a lot of money.
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Colin
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Registered: 4th Apr 02
User status: Offline
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How? Theres no way id go in a care home, id rather die trying to wipe my own arse.
Inheritance tax? I dont plan on leaving anything  
I think its a better bet than a pension if youve got enough cash to cover a 2nd home if it doesnt rent out. 2 of my mates done so last year without any worry!!
[Edited on 06-01-2009 by Colin]
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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No I agree in theory that having a second house isnt that bad an investment, but over 30years a lot of costs can crop up in relation to the house, areas change into total shitholes, etc. etc.
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Colin
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Registered: 4th Apr 02
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I didnt nessiserily mean stick to one property for the 30yrs. Maybe start with a flat & move onto something else as & when - take opportunities as they surface. I dunno just my thoughts - Im not mad on the idea of pumping money into a private pension. Non-contributory company one on the other hand is alreet 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by Colin
I didnt nessiserily mean stick to one property for the 30yrs. Maybe start with a flat & move onto something else as & when - take opportunities as they surface.
Well in that case I totally agree
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Colin
Non-contributory company one on the other hand is alreet
Can't exactly rely on them in the current climate 
I'm not worrying about pension until I start working.
EDIT: Colin, couldn't you get life insurance or something for Jade, then make her have a canoeing accident?!
[Edited on 06-01-2009 by deano87]
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