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(, Sun 1 Apr 2001, 1:00)
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I haz a pension
but they wnat more of my money, more and more and more :(
(, Tue 12 Feb 2013, 14:29, 1 reply, 12 years ago)
you know you can just opt out and get a pension you like with a private pension provider right?
My company one is shit so I don't bother with it. Well, I say it's shit, I have no idea, I've got a guy who does all my money stuff.
(, Tue 12 Feb 2013, 14:31, Reply)
nah that's not what i mean, they match up to 4% which is standard i think
If i do the calculations, on when i want to retire, and what i want my pension to be, then i need to pay in much more a month.
(, Tue 12 Feb 2013, 14:33, Reply)
oh I see.
Just plan to die sooner then.
(, Tue 12 Feb 2013, 14:36, Reply)
or work longer
I reckon I'll end up retiring at 70
(, Tue 12 Feb 2013, 14:37, Reply)
the general rule of thumb here
Is that the percentage you pay in to your pension should be half your age. And Winders, if your employer contributes to yours and your IFA advised you to opt out then that is bad advice.

Nakers- don't forget to factor in tax relief to your calculations, and bear in mind that lifestyling means that investment growth in the last five to ten years of your pension will be lower than expected growth prior to that.
(, Tue 12 Feb 2013, 15:13, Reply)
from what he showed me, I was getting a better deal going privately,
He's back next week to sign all the bits for the remortgage, so I'll go through it again. But there was all sorts of health payments and stuff linked to my life insurance that I'll be honest I didn't understand.
(, Tue 12 Feb 2013, 15:21, Reply)
employer contributions is free money.
The only time I'd say to opt out is if the scheme was NEST. It's shit.

If you aren't clear on stuff then gaz me and I'll clarify things.

Also for Nakers: your mortgage will be paid off by then so you need less income.

HTH xx
(, Tue 12 Feb 2013, 15:26, Reply)

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