FabSwingers.com forum: Pensions and life after work

By *tella Heels OP TV/TS
over a year ago

west here ford shire

Is it me, or do you think that the pensionable age is a joke, we work hard all our lives to end up giving most of our life to employers who could give to fucks about us, then you get a measly pension ( but thousands in your pension pot) then a few years later you die without seeing the benefits?

How fair is that?

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By (user no longer on site)
over a year ago

Depends on what you do, how hard you work and what matters to you

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By *wisted999Man
over a year ago

North Bucks

That’s why I’m retiring at 55 to enjoy it while I can.

My legs are going to give up one day so I want to see the world before I have to do it sitting down.

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By (user no longer on site)
over a year ago

Most people now are in defined contribution pension schemes and that can be taken from age 55. I think the government will carry on increasing the state pension age, so it’s not a pension I would look to rely on. Many will die before SRA.

We should all start pensions as soon as we can, if you pay into it for a long time and have a good employer that also contributes, you can end up with a reasonable pension pot at 55. Too many people don’t see it as a priority. That thinking needs to change.

The days of great final salary schemes are mostly gone.

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By *tella Heels OP TV/TS
over a year ago

west here ford shire

"That’s why I’m retiring at 55 to enjoy it while I can.

My legs are going to give up one day so I want to see the world before I have to do it sitting down. "

I’m there now at 57 I can’t walk on a normal day more than 1/2 a mile then I’m in agony.

As for the person who thinks work hard and retire early. I have worked hard all my life, manager at 29 in charge of 2.5 million £ of stock, purchasing, planning, stores of a company turning over £1,000,0000 a month

I still have to work up to retirement age to make ends meet.

Illness recently has in some way financially helped as a critical illness policy paid out. ..

But it’s a fucking hard way to pay most of your mortgage off

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By (user no longer on site)
over a year ago

My pension pays out 3x my salary on my death if I die while in service. So I think of it as a life insurance too.

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By *tella Heels OP TV/TS
over a year ago

west here ford shire

"My pension pays out 3x my salary on my death if I die while in service. So I think of it as a life insurance too. "

Only good for those you leave behind

Three years salary doesn’t go that far it has to feed and support your dependants

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By (user no longer on site)
over a year ago

All depends on the pension. I’ve one military pension and now paying into a really good corporate one. Plan to retire at 50.

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By (user no longer on site)
over a year ago

I work in the building trade and it takes a toll on your body.The state pension a joke. I plan on retiring at 58 and hopefully get a decent decade of retirement before things stop working well.Most retrees I've met give me one piece of advice and that's everyone retires far to late to enjoy it.

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