Interesting and thought provoking points re pension.
I was a public servant for 34 years, so, initially, had to contribute to a FS Pension, which I continued. Due to Govt cutbacks I was offered VR at age 57, now 61, I saw the figures and it was a no brainer as I had a separate training business as well.
So I took the money and run! I now work on average 6 days a month running training courses, and earn slightly more now, with my pension, than I did working full time. So, yes, things worked out fine for me, although when I started working in the water industry in 1981, I had no idea what a FP scheme was!
I contributed 6% a month into the scheme, so not too onerous, in fact you never really miss it.
However, I do see the point about everyone paying more NI and retiring earlier than 66/67. But can you trust the Government?
But here is the sting, the only people who moan about FS pensions............Don’t have them! 😉
Well Mike, thankfully I do have a FS pension from one of my previous jobs, and even though I was only at that firm for 10 years during the 80’s and 90’s I can’t complain at what the monthly payments to me are.
More pensions than old Nick. Mostly paid up. One stagnant one I recently changed to drawdown & play with the investments myself. Made more in 8 months than it's made in last 5 years but it could all go tomorrow!
I assume I'll get very little so started an easy to run small, online business in my spare time that will keep things topped up after I retire from full time work. Mrs has a FS.
Quote: Originally posted by Francais on 20/8/2019
Well Mike, thankfully I do have a FS pension from one of my previous jobs, and even though I was only at that firm for 10 years during the 80’s and 90’s I can’t complain at what the monthly payments to me are.
Still not talking to you after what you said on another post.........That hurt! 😳😳😉
A day of all things motorhome and campervan. The show is held both in the main indoor arena and across the grounds. Catering, hot drinks and food options are available. Easy access to the site and free parking included. Win one of five pairs of day tickets
Topic: Company car drivers
