Wednesday, August 20, 2008

Brits appearance retirement heavily 'in the red'. Payment calculator.

I have a also clientage sector pension. I worked for 17 years and contributed to my pension, it wasn't free. I started to meet with my superannuation in 2006, how much do I get £107.00 per month. Not all PS subsistence are massive. - Maggie, Aylesbury, UK. In effect to Katie - Glasgow.



In sequence for you to have an annual old-age pension of £5,000 per year, you would have need of a allowance saucepan approx. £100,000. Assuming lump of 5% per annum over the 25 years, you for to press payments of £2,000 per year. This, at the ongoing direct of salaries, represents about 7.5% of the undistinguished annual pre-tax. 25 years ago it would have been MUCH higher part of your pre-tax salary.






So, yes, thanks for your offer, I would match your noted sector annuity beer belly in reciprocate for my own sector one. - James, Cambridge Katie, Glasgow: Almost every social security dodge is only as orderly as the reach of time you've been in it. The inequality is that local authority benefit schemes are (a) one of the few final remuneration ones left and (b) are at bottom funded by council tax payers. I masterpiece in the public sector and am on a faction personal pension plan. If I were to hit the sack this year, with the ancestor market down as much as it is, I presumably would have only about £5000 a year to subsist on AND I make strapping contributions.



Local authorities aren't the only chore where salaries are "extremely" poor. Many restrictive sector jobs are, too, and very few of these now have fixed wage schemes. - Bri, London "Voluntary golden handshake contributions made by UK adults have almost halved in the nearby 12 months". This could abject a lot of forebears are getting wise - it's got to be better to rescue independently and have control and ownership of your spondulix than at 65 or so have to give it away buying an annuity and spend all that money to the annuity company, they're in question to make a benefit from guess-who. - Robert, London Public maintenance pensions are only trustworthy if people have worked for most of their working life.



Single women derive myself who have worn out several working years raising their brood will retire with a pension of around £5000 per annum. That is after working 25 years. Salaries are very jinxed in many Government offices and the allotment is the whosis that makes it bearable. Perhaps Mr C from Cambridge would counterpart to swap me his compensation and pension? - Katie, glasgow James, Cambridge - concur with you 100%.



Take away, for example, provincial expert closing salary pension schemes and, in theory, caucus tax would plummet. (In reality, of course, it wouldn't and they'd just assign another distance of wasting the money.) - Bri, London People are now spending the sound working lives paying for the very high-minded civic sector pensions and are then expected to refund for their own pensions as well. This is just not possible.



No stare that multitude are humble in debt. The PUBLIC finances requisite to be sorted out so not to be so much of a onus on the rest of us. - James, Cambridge Paul Davies - What about those who are made superfluous behindhand in their working life? And John E, What about the self employed? - Kevin, N Yorkshire What's needed is a compulsory pension subterfuge for everyone. 10% of income, saturated rate relief, entranced at source, no opt-out, matched pound-for-pound by employers contribution.



This would kill firm, decisive bureaucratic control - so it'll as likely as not never happen! - John E, Southampton As I hear tell it,this article has been based on a bite of fewer than 5000 people. As they were looking at tolerance release, I venture they have debts. So have they just multiplied the figures to range the conclusions stated? I do the feeling this should have been made clear. - Carole, Bristol Anyone with debts shouldn't be allowed to retire. People that put more gravity on having all the example gadgets & keeping up with the Jones' than prudence for a accommodating retirement don't definitely merit one do they? People and the Government lack to knowledgeable up and get tangible by acting with trust & not just look for to take, take, appropriate all the time.

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