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Anyone Else Worried About Their Pension?

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I wasn't worried.

" The administration will leave so-called “entitlements” such as social security and Medicare untouched for now, according to an administration official."

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54 minutes ago, rollover said:

But for every extra one per cent added to their pension savings, people will have to work one year less to achieve a decent standard of living in old age.

I love these vague, meaningles statements, WTF is 'a decent standard of living in old age.'

Get your TVM calculator and do the maths, a decent retirement will require a pension contribution of about 18% for nigh on 40 years to get roughly 50% of your working gross salary in retirement (if you do responsible draw-down based on 3.5% p/a) based on todays returns/inflation/interest rates and taxation.

The numbers are truly scary, but then again you can always cod yourself that everything will be alright as you drive round in your leased german car and live in a house you will be paying for until you are 67 (unless you are renting or have an interesrt only mortgage) with maxxed out cards whilst watching your experian credit rating and dreaming of your next all-inclusive holiday.

People in the UK are in the main delusional numb nuts when it comes to money.

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What is the actuarial formula that funds use to predict future pension?  I think the assumptions are standard across the industry. I tried to find them online recently, but couldn't.

 

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Just now, yadayada said:

Well let's face it, how else can you invest untaxed income?

It's not an investment if the investment company or government confiscate it for some spurious reason.  Might as well have enjoyed it 

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12 hours ago, One-percent said:

It's not an investment if the investment company or government confiscate it for some spurious reason.  Might as well have enjoyed it 

What, like the lifetime allowance?

You can save, but only so much.

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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