Pension pots.. how much is too little?

  • Thread starter Thread starter vkurup
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This post seems to have taken a life of its own.... Happy to start it considering the heat I got for starting the debate about the impact of inconsistent length of Orange tees and how to tie a shoe lace (both topics continue to be as important as pensions)

PS: At the next forum meet, i am expecting Richart to put up a stall and provide independent advice. Please book now..
Better have a stall for G-Mulligan too.
 
Don't forget the Uni fees, cars, weddings, and help with the mortgage deposits.

Mine both at Uni at moment, and with us being part of the squeezed middle, they only qualify for the minimum loan and we get no help for anything from government - so they are costing us a small fortune at the moment. Our assumption is that that small fortune will continue to flow their way for quite some time after they graduate. Might as well make that assumption since it is most likely that's what we'll have to do.

Would be nice to think that once they graduate more money would become available to invest for retirement - but it ain't going to happen.
 
Mine both at Uni at moment, and with us being part of the squeezed middle, they only qualify for the minimum loan and we get no help for anything from government - so they are costing us a small fortune at the moment. Our assumption is that that small fortune will continue to flow their way for quite some time after they graduate. Might as well make that assumption since it is most likely that's what we'll have to do.

Would be nice to think that once they graduate more money would become available to invest for retirement - but it ain't going to happen.

spare a small thought for those who had to deal with that when only on a pension, and still have 3 living at home........:mad:
 
Mine both at Uni at moment, and with us being part of the squeezed middle, they only qualify for the minimum loan and we get no help for anything from government - so they are costing us a small fortune at the moment. Our assumption is that that small fortune will continue to flow their way for quite some time after they graduate. Might as well make that assumption since it is most likely that's what we'll have to do.

Would be nice to think that once they graduate more money would become available to invest for retirement - but it ain't going to happen.

"Both mine".... try putting 5 through uni
 
spare a small thought for those who had to deal with that when only on a pension, and still have 3 living at home........:mad:

Free care for the elderly up here as well as no Uni charges
Half price golf
Half price housing
Decent health care system
Get your passport and pension in order and get up here quickly, while you still can.
 
Free care for the elderly up here as well as no Uni charges
Half price golf
Half price housing
Decent health care system
Get your passport and pension in order and get up here quickly, while you still can.

As long as the English taxpayer keeps subsidising it. Better hope Alex doesn't win.
 
Reading this post I do think that you could live on £15K and still lead a reasonable lifestyle as I set out earlier. But I think you just need to put away as much as possible and cross your fingers that it gives you the life you want in retirement.

Great thread this interesting to hear how everyone approaches this... The one thing I have got from the outlaws who have been retired for 15 years plus and in fact the wife mentioned it is that what ever you spend or repay a year now to maintain a standard of living now is probably what you want to have available at least when you retire....why would you spend less??? Minus of course and hopefully the debts such as mortgages etc. So in essence if your expenditure now is £50k a year which includes a 10k mortgage... you're going to need at least £40k a year to maintain it plus a bit for additional golf visits etc :) I cant possibly imagine living on £15k when I retire unfortunately so I best get on with it pdq!
 
As long as the English taxpayer keeps subsidising it. Better hope Alex doesn't win.


Mickie you are so correct!

Up here we are so subsidised by the English - whinging Jocks etc - I wonder why the NO camp is so well backed up by Cameron and Co when they have the opportunity to ditch us?

Just let us get on with our big mistake because as we all know ... Scots are unable to think for themselves and need the English Oxbridge chaps to show us how it is done.

Poor things up here, we will have the begging bowl out to the world in the first month on our own.
 
The Welsh are desperate to keep us in the UK as well. I wonder why that is if we are such a drain on the UK finances?

In the case of the Welsh it is to distract us from the fact that they are also favoured by the Barnet formula and would rather that the English don't notice.
 
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