Was wondering apart from the over talked Pensions
What have you or what are you doing to put in place
to pay towards your final years, even healthcare.
IE. Property, Saving schemes etc
nowt, I'll be dead before then so why worry?
nothing, gonna work till i die.
Nothing.
Dead by 50*
.
.
.
.
.
.
.
*Possibly 40.
I find it wierd that the government are asking people to save for their retirement through pension schemes. Why would anyone put that amount of money into something when there is no guarentee that you will get anything back, for me 14 years in a final salary scheme, all gone nothing left. Those public sector workers should be ok but in the private sector its a gamble. Property, bank savings or a longer working life is all thats open to us.
Pension is working out OK for me. I started "withdrawing" it when I was 50.
Mortgage is all paid off.
Savings in the bank - and a few (not very valuable) shares.
I was always a bit canny with my money and refused to get caught up in the mortgage madness that was the 80s/90s.
My plan is to make sure we own our home out right and have cleared all debts by our mid fifties. I'm paying into a pension scheme and always have done as it's worth it for the tax free aspect and the employers contributions. I'm not expecting to have a particularly luxurious retirement but reckon I'll be a lot better iff than those wanting to retire with thousands in personal debt and interest only mortages they didn't switch.
Oh and probably work till I'm seventy 😥
glynp - you need to take serious advice as you don't seem to understand what a pension is.
Company pensions aside; it's a tax-advantageous saving scheme which you use to provide an income at the end. If you sort it yourself, it's better than in the bank as far as interest is concerned.
Why not spread the love amongst various pots? I've got pensions, property, ISA's and savings. I've got 20years and I'm done working.
Work until you die? You must be barmy.
Public sector pension - which appears to be being taken away from me. Invested a lot in property which hopefully will give some surplus
Premature death
Two hookers, a bag of coke, viagra and a shotgun.
think I'll be working until I drop
Various pensions and a house, plus 3 kids, so I can sponge off them 🙂
I'll let you know when the government tells me.
I thought I had a gold plated final salary Public sector pension
not so sure now, but what I do know is that I am going to be poor pensioner who will probably have to work until I die
I've been paying into my Final Salary pension scheme since 1975 😯
I like Kudos100's plan the best, only without the viagra and shotgun
thinking of cashing mine in and investing in BAE systems, since we prefer war mongering to protecting our elderly, it should pay out better! That said, we'll all be dead soon, so i might just spend all my money on old cameras and bike bits. At least I can be happy and skint!
[img] 
[/img]
I like Kudos100's plan the best, only without the viagra and shotgun
They come as a package, so no picking and choosing.
A canoe & a large ocean for my 80th birthday
OK, I'm good with it.
what bit does viagra make stand up on girls? 😆
Worked for last 25+ years in the voluntary sector, all small charitable orgs not the big national ones who i think provide decent pensions Early on realised that I needed to find a way to finance my retirement. Started paying into a pension scheme, paid into it for many years until the statements showed that my projected annual pension was little over 1kpa. Stopped paying and decided to put the little money we had into property. Never wanted to be a BTL landlord, just thought it would be another way of providing an income either from rental income or sale of the properties. It now looks that that plan has gone belly up too. The value of the houses have dropped considerably, so bang goes any cash I might have accumulated. In the meantime finding good tenants is becoming a nightmare. TBH at times I feel that I might as well have not bothered trying to do anything.
Public Sector pension - not holding out much hope for that right now as the gold-plating seems to be flaking off around the edges.
Small private pension (only paid into it for two years when I worked for The Man in the early 90s).
BTL property which makes a small profit each month but is steadily paying the mortgage off before I'm 60. Might go for another depending on how the housing market looks next year.
A hare-brained scheme to make an enormous amount of money from a software system I've developed with a colleague...
Looks like I'll be working until I'm 75. Bah!
Don't plan on retiring really. Probably do more road biking than mountain biking though.
Upon my retirement I am planning a holiday to Paraguay with enough cash in my suitcase to return to the UK with about 20kg of very pure cocaine..
If I get stopped at customs then I get to spend my twilight years with free board and lodgings in a never ending episode of Porridge.. If I make it through then I get to live la vie de loca.. a win/win situation I think you'll agree.. 8)
I've put away a packet of Golden Wonder cheese n onion crisps and a kit-kat. You just never know.
I have pension I lob money at on the off-chance I live long enough to retire (not likely based on family history!). I will be fairly poor if I do though. TBH, there's no point fretting, just get on with it.
I'm paying my maximum payment into my pension scheme at work...
other than that, nothing. Still, got 43 years till i'm retirement age..
A long walk in the woods.
Im with you buzz make minimum payments to get the employers contribution and tax break at it but realistically im just looking to get my Mortgage paid off asap to leave to who ever i leave behind and have fun on the way
My grandads the only one in alot of generations to reach retirement .....
History of heart problems ..... Dad had his first hert attack age 33
Im with you buzz make minimum payments to get the employers contribution
Ah not quite what I meant. I do actually chuck quite a lot at mine because I might need to rely on it to survive if diabetes, kidneys and heart keep going long than expected!
Terry, you're far too racing snakeish to have a HA!
Not a thing. Am 38 now so its not like i have 40 years of work ahead of me.....
Heehaw.
I put in the maximum my employer will match. The rest is saved in ISAs as I can get at it before I retire if I need. The tax benefits for me aren't that great as I'm not at 40% or 50%.
My plan is to enjoy every penny before I retire to make sure I get my share of the means tested state benefits in retirement :o)
I will get a novel published that will earn me millions.
Problem sorted.