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Mick Dundee

You Should Work Until Your 70, So I Can Retire At 60

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

So the taxpayer has no contribution to your pension ? All you get back after 60 is based on returns from your own contributions ? I dont know of a job like that in the public sector .. do enlighten me..

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

Unless you are close to 60, you keep dreaming.

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

********....private pensions have nosedived...yours, unfunded by the government, and paid for out of current taxation, just goes on up.

pension schemes throughout the land are heavily underwater and you come on here telling the great unwashed to pay for yours and they could have done the same?

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Your pension contributions do not pay for your pension at all.

If you had to pay in the money to actually pay for your pension entitlements you would not be so chirpy. To try and equate your situation with a truly self-funded SIPP (et al) shows how deluded those in the public sector are.

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So the taxpayer has no contribution to your pension ? All you get back after 60 is based on returns from your own contributions ? I dont know of a job like that in the public sector .. do enlighten me..

Of course the taxpayer contributes also, but not 100%. I work for the taxpayer. I provide an essential service for the taxpayer in the form of helping them to pay the correct amount of tax, to my department HMRC.

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********....private pensions have nosedived...yours, unfunded by the government, and paid for out of current taxation, just goes on up.

pension schemes throughout the land are heavily underwater and you come on here telling the great unwashed to pay for yours and they could have done the same?

Why not.

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Of course the taxpayer contributes also, but not 100%. I work for the taxpayer. I provide an essential service for the taxpayer in the form of helping them to pay the correct amount of tax, to my department HMRC.

get rid of you and we could all pay a little less tax. thought about that have you?

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

If you were any good,you would be in the private sector and retired at 50 with all the extra dosh you had made.

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

Not sure what kind of statement you are trying to make here but there are some mis-conception here.

1. Alot of people do save for a pension, but are forced to put it into a private equity based companies

2. The government will not be able to fulfil it's committments for the public service sector simply because not enough tax income

3. The government will eventually have to raise the retirement age for public sector workers

4. The government will have to use more contract public service workers instead of permanent employees

5. Unless you are lucky enough to be retiring in the next 5 to 10 years you might have to wipe that smuge off your face

BTW, you may get hit by a bus and not enjoy your excessive tax payer funded retirment pension.

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

Many people are grasping to buy a roof over their heads, nevermind planning for a pension. You need to wake up to the situation other people are struggling to live through right now.

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Your pension contributions do not pay for your pension at all.

If you had to pay in the money to actually pay for your pension entitlements you would not be so chirpy. To try and equate your situation with a truly self-funded SIPP (et al) shows how deluded those in the public sector are.

Excuse me, I pay £95 a month Pension, it comes directly out of my stoppages. So how can you say I dont pay towards my pension. You are clearly deluded in the private sector as what we in the public sector pay.

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Why not.

because index linked pensions for private money do not exist. they are money purchase schemes, so if you save apot for x thousand, thats it.

you, yours goes up every year.....paid for from your pot??? No way.

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Of course the taxpayer contributes also, but not 100%. I work for the taxpayer. I provide an essential service for the taxpayer in the form of helping them to pay the correct amount of tax, to my department HMRC.

ok ... why dont you give us the figures .. lets try to work out how much the taxpayer puts in .. and leave out the guff about your essential service... there would be no tax to collect if the private sector did not work .. so tell us which is the more essential service .. you're taking the mickey arent you ?

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As a public sector worker, I am modestly but comfortably paid. In a reliable job and can expect to retire at 60 years old on a very nice pension. I pay my pension every month from my pay check and this is my reward for years of service.

In the private sector, you too could retire at 60 if you had a private arrangement of SIPPS, but most people in the private sector dont bother planning for retirement, so in that case it has to be the case that while I can retire at 60 and enjoy my years in comfortable retirement, you should carry on until your 70 years old, if you havent planned ahead.

Sorry but, you reap what you sow.

Methinks you're a troll.

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Excuse me, I pay £95 a month Pension, it comes directly out of my stoppages. So how can you say I dont pay towards my pension. You are clearly deluded in the private sector as what we in the public sector pay.

I pay double that, and the capital sum REDUCED in the last 12 months.

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Excuse me, I pay £95 a month Pension, it comes directly out of my stoppages. So how can you say I dont pay towards my pension. You are clearly deluded in the private sector as what we in the public sector pay.

I said your pension contributions do not pay for your pension, the level of them never could or never would pay for them even with extremely lucky investment choices and general investment environment, that is a fact.

I also think you have a very dry sense of humour. :lol:

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********....private pensions have nosedived...yours, unfunded by the government, and paid for out of current taxation, just goes on up.

What private pensions?

I checked up on mine yesterday: it's 92% up on my contributions, thankyou.

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ok ... why dont you give us the figures .. lets try to work out how much the taxpayer puts in .. and leave out the guff about your essential service... there would be no tax to collect if the private sector did not work .. so tell us which is the more essential service .. you're taking the mickey arent you ?

Excuse me. Who do you think pays for the NHS, the Armed Forces and the thousands of other things provided to keep Britain going. Your statement makes out that only the private sector pays any tax.

I pay income tax, exactly the same as you. I pay NI, exactly the same as you.

The Private Sector Workers need to stop this "Poor Me" attitude. It does wash with anyone.

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What private pensions?

I checked up on mine yesterday: it's 92% up on my contributions, thankyou.

yours is a SIPP...you have been lucky. or you are invested with a Madoff scam and just dont know it yet.

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ok ... why dont you give us the figures .. lets try to work out how much the taxpayer puts in .. and leave out the guff about your essential service... there would be no tax to collect if the private sector did not work .. so tell us which is the more essential service .. you're taking the mickey arent you ?

Heres what a real pension would like like on your 95 pound a month contribution assuming you are 30 years of age and wwill retire at 60 -- The sum royal of 2080 pounds a year - so how much were you promised and how much is the tax payer taking a hit for .. open your eyes ..

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