The state one is called 'basic' for a reason. It's barely a subsistence income.
If you'd saved a bit of money instead of wasting it on gay porn and poppers you could have a mortgage by now, shame that innit xx
(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:28, 1 reply, 11 years ago)

Yes dear. That was the discussion.
Not the poppers bit, mind.
I said I was going to start saving something from the age of 40.

The world will be a different place by the time I reach pension age.
( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:31, Reply)

Surely you will have died of gay AIDS long before then?

( tangledupinblue hairy badge with moving eyes, Wed 8 Jan 2014, 14:32, Reply)

That's the plan!

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:33, Reply)

what, saving into a private pension from age 40?
You'll need to be putting way at least 30% of your income and even then you'll need to retire as late as you possibly can.

Hopefully tax relief will be a flat 30% rate by then. It's not justifiable to maintain the current marginal rate relief.
(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:34, Reply)

I need to do something about a pension.

( Kroney, Wed 8 Jan 2014, 14:35, Reply)

you're signed up to your work one, right?

(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:36, Reply)

Don't think so.
I was never intending to stay here as long as I did.
( Kroney, Wed 8 Jan 2014, 14:38, Reply)

oh dear
It's free money on two counts and you take it with you when you leave.
(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:39, Reply)

Yeah, well.
I'll be doing it when I move on, I just never got round to getting on this company's.
( Kroney, Wed 8 Jan 2014, 14:41, Reply)

go for a balanced aggressive lifestyle fund
Or just the balanced one if you can't ratchet up the risk rating.
(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:42, Reply)

I'm a money flid. I've always been a money flid and will likely always be a money flid.
I am, however, just about clever enough to try to repair some of the damage my previous fliddery has caused me.
( Kroney, Wed 8 Jan 2014, 14:45, Reply)

the general rule of thumb
Is that the percentage of your salary going to your pension should be half your age. So, 17% or so in your case. Tax relief is only payable on your contribution, not the employer one. Assuming you're on less than 41K or so then it's 20% tax relief, so for every £80 you pay in, you get £20 from the government paid in on top.

Growth is tax free, charges should be between 0.75% and 1%.

Alright?
(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:52, Reply)

That's another plan too...

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:42, Reply)

Ask Dozer about it - he knows everything there is to know about pensions

( tangledupinblue hairy badge with moving eyes, Wed 8 Jan 2014, 14:36, Reply)

pensions everything
( rachelswipe with a fork, Wed 8 Jan 2014, 14:36, Reply)

apparently

( rachelswipe with a fork, Wed 8 Jan 2014, 14:36, Reply)

Is it me, or is it getting hot in here all of a sudden?
Phew!
( tangledupinblue hairy badge with moving eyes, Wed 8 Jan 2014, 14:35, Reply)

The sexual frustration has been simmering for quite a while now.

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:38, Reply)

haha!

( sporters I’m sincerely gratitude to you, Wed 8 Jan 2014, 14:43, Reply)

my firm has a really good pension scheme
but I am shamefully bad at what I put into it. I kind of assume there'll be no state pension by our generation, so I am living in my pension...
( rachelswipe with a fork, Wed 8 Jan 2014, 14:36, Reply)

why are people so obsessed with the state pension? It's 144 quid a week, it's a pittance.

(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:37, Reply)

I save 20% of me wages but that's purely for timberlands

( MEATSNAKE Richard Hammond, Wed 8 Jan 2014, 14:39, Reply)

I hope you'll all join the marching in the streets if any future government did try to abolish the state pension

( tangledupinblue hairy badge with moving eyes, Wed 8 Jan 2014, 14:38, Reply)

If they did, I would hope for tax and N.I relief!

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:40, Reply)

I don't think you understand what tax relief means

(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:42, Reply)

Is it when you get a fiver back for each time you wank off a tramp?

(Bonzodog29 is an unemployed sponge of the worst kind, Wed 8 Jan 2014, 14:43, Reply)

pretty much that, yes

(dozers, do fuck off ur a nob m8, Wed 8 Jan 2014, 14:44, Reply)

*makes notes*

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:45, Reply)

Well DUR!

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:43, Reply)

That's how I'd describe you.

( MEATSNAKE Richard Hammond, Wed 8 Jan 2014, 14:48, Reply)

I am rather likeable though, so it's all good.

( GeordieJay Bummers are deaf, Wed 8 Jan 2014, 14:50, Reply)

why would i?
I was sensible enough to be born to parents who did the hard work for me.
( rachelswipe with a fork, Wed 8 Jan 2014, 14:40, Reply)

Good pre planning there

(Bonzodog29 is an unemployed sponge of the worst kind, Wed 8 Jan 2014, 14:42, Reply)

it was all me, and i deserve ALL the credit for that hard work and foresight, aye

( rachelswipe with a fork, Wed 8 Jan 2014, 14:45, Reply)

Darn tooting sweets

(Bonzodog29 is an unemployed sponge of the worst kind, Wed 8 Jan 2014, 14:48, Reply)

^
When the rest of my family finally die I will be quids in, no point in saving and living frugally when you don't need to innit swipey
( MEATSNAKE Richard Hammond, Wed 8 Jan 2014, 14:43, Reply)

hmmmmmmmm
how many quids in? can I give up work now?
( rachelswipe with a fork, Wed 8 Jan 2014, 14:45, Reply)

I will tell you later ;)

( MEATSNAKE Richard Hammond, Wed 8 Jan 2014, 14:46, Reply)

Won't you have to share it with all your half-brothers and sisters?
Same question to swipe.
( tangledupinblue hairy badge with moving eyes, Wed 8 Jan 2014, 14:48, Reply)

One sister. Them half breeds can get fucked.

( MEATSNAKE Richard Hammond, Wed 8 Jan 2014, 14:49, Reply)

But they are the family that your dad chose

( tangledupinblue hairy badge with moving eyes, Wed 8 Jan 2014, 14:50, Reply)

Yeah, I'm not including his stuff in the frog dead family bonanza

( MEATSNAKE Richard Hammond, Wed 8 Jan 2014, 14:51, Reply)

yes
I made sure I chose parents who had children they could afford.
( rachelswipe with a fork, Wed 8 Jan 2014, 14:50, Reply)

Like she WALKS anywhere....

( Amorous Badger NAKED BEA ARTHUR PHOTOS 4U, Wed 8 Jan 2014, 15:15, Reply)