Retirement

[PhilTheFragger]

 

[harpo_72]

View attachment 51940

Beaconsfield miniature village is not far from you … you might be able to get a cheeky offer on the manor.

 

[harpo_72]

I worked in the NHS for a number of years. The T&C’s were called Whitley Council rates. If you worked 40 years you got a 2yr lump sum and a pension at half pay, index linked, and the option to retire at 60. Salaries were lower than in the private sector, the premise being the pension made up for it. Sometime around the mid 90’s the pension T&C’s were downgraded. At some point after that the T&C’s were downgraded again. Trusts were also given the option to renegotiate their staff onto Trust contracts - I think it was in ’96 I was offered a promotion and a £2.5k pay cut.

Around the late 00’s an initiative was introduced called Agenda for Change. This saw everyone given the option of a Trust contract or lose their job, and every job was rebanded. At this point most salaries were given a lift up to what was considered to be commercial levels. By then I was working in the private sector, our main customer being the NHS. And it was from the NHS we used to get the majority of our engineers, up till their salaries matched our offers. Our money purchase pension scheme was nowhere near as good as the downgraded NHS scheme.

The NHS pay rises from 2010 onwards were virtually non-existent. Yes the private sector saw a serious squeeze around 2009 for a couple of years due to the financial crash but the it was back to normal… and that’s why the doctors want 35%, which gets them back to an equitable level.

The thing is your pension conditions although altered were negotiated based on a huge number of clients.
A small business or sole trader, private person is completely at the whim of the financial services..
So if your in a big organisation get the pension stick with it because of the negotiation powers and management fees ..
I don’t know if we can predict what we will have but what we should be doing is not giving money away ..
Governments with their policies will come and go and you can bet one will harm your investment it’s just having a strategy to minimise negative impact. But also being realistic..

 

[Robster59]

After the way some people are so intransigent where I work, I am seriously considering why the heck I still bother. I enjoy the work, just not the poeple putting obstacles in the way and not willing to discuss the options. Let someone else get the stress.

 

[Mudball]

Pensioners want everythign free

Pensioner thinks having a job once means he should get everything for free | #satirecomedy #satirenews #satire #pensioner For more go to: https://www.thedailymash.co.uk/ | By The Daily MashFacebook

#satirecomedy #satirenews #satire #pensioner For more go to: https://www.thedailymash.co.uk/

www.facebook.com

 

[Crazyface]

How many people are spending on non essential items over food and bills?

I really think you live in the daily mail comment section

My sister in law lives on here own in a two bed council house. She works at a care home, so poorly paid, 40 hours. Her heating in on all day for the dog at home, yes I know, Alexa is on all day for the dog, as is the lights. She has no car, but has the required mobile phone. No other income. She manages fine. So don't tell me people can't damn well manage. They waste money and buy things they do not need. Maybe a few lessons in money management would be better that just giving them more money

 

[PJ87]

My sister in law lives on here own in a two bed council house. She works at a care home, so poorly paid, 40 hours. Her heating in on all day for the dog at home, yes I know, Alexa is on all day for the dog, as is the lights. She has no car, but has the required mobile phone. No other income. She manages fine. So don't tell me people can't damn well manage. They waste money and buy things they do not need. Maybe a few lessons in money management would be better that just giving them more money

You can't base everything on one case study.

A bit of empathy costs nothing ironically

 

[Crazyface]

Bact to it. I'm trying to access a pension that I was tracked down by a firm to find. It's not huge, but it's a sum of money I could use to give up work. But OMG the hoops they want you to jump through to access it. I have to have a 90 minute chat with an advisor. Fill out a 27 TWENTY SEVEN page health history document. Do and online quiz that indicates my willingness or otherwise to risk money. What a joke! Don't tell me they have to make sure I know what I'm doing rubbish. All they want to do is push me into sticking it into a plolicy that will pay out peanuts for 35 years. Well, nuts to that! I'm after the tax free cash and a draw down that get me my dosh whilst I'm alive.

 

[Crazyface]

Well despite the evil beep beeps not wanting me to have the money, and they don't let you know how easy it is to actually get it, I'm in the process of getting it. I called the pension provider themselves and was ready to let rip, all this was before me deciding lifes to short an all that and to not do this anymore, that lovely lad I spoke to told be just go and call L&G, or such like (Standard Life do this as well) and they will sort it all. I was a bit wary, but looked online and low and behold they do do this. I popped in the details, and added another pension on there as well, thinking, in for a penny etc. I got e mails confirming an account was set up and giving me access to see what was happening. I checked a few times online, and actually gave them a call last week and spoke to a lovely lady at L&G who confirmed it was in motion and she would chase them up. After a chat this am with the wife, as I've got back up funds, we agreed I could ask at work what was the process for notice , well I still want to do it right, even though i only do 12 hours. I spoke to my boss, my cousin actually, and he said give us a week, two if you can, but don't worry. When I got home, I was checking my emails and low and behold........one of the pensions has been sorted. Money in the draw down account and the 25% in my account. Wahooooooooo!!!! Letter done! I've got loads of plans of things to do and things to join. Gonna crack on and enjoy the rest of my life!

 

[IanM]

Still the best job I've had!

 

[williamalex1]

Still the best job I've had!

Me too, but sad we don't get paid for public holidays

 

[rulefan]

Me too, but sad we don't get paid for public holidays

We did get £300 for Xmas

 

[williamalex1]

We did get £300 for Xmas

I thought that was from Santa

 

[Billysboots]

Come on, folks. You know the rules. No politics please. And by the way, just because someone states a political fact, it doesn’t make it any less political. It’s still not permissible under GM’s guidelines.

 

[KenL]

Come on, folks. You know the rules. No politics please. And by the way, just because someone states a political fact, it doesn’t make it any less political. It’s still not permissible under GM’s guidelines.

 

[Billysboots]

Not sure why there’s any confusion, Ken.

Regardless of whether there were any factual comments posted, the discussion was politics based as, indeed, were any facts cited as part of the exchanges.

GM don’t want politics discussed on these pages, whether comments are factual, opinion based or anything else. Sorry.

 

[SurreyGolfer]

Not sure why there’s any confusion, Ken.

Regardless of whether there were any factual comments posted, the discussion was politics based as, indeed, were any facts cited as part of the exchanges.

GM don’t want politics discussed on these pages, whether comments are factual, opinion based or anything else. Sorry.

So just to be super clear, if any party changes any laws/regs to do with retirement after the big event on Thursday.......we can't discuss it or the impact on this thread?

 

[Billysboots]

You can discuss laws, regulations or anything else relevant, provided you don’t bring politics into it.

 

[IanM]

I didnt mention politics, only retirement planning, but that was deleted too

 

[Billysboots]

I didnt mention politics, only retirement planning, but that was deleted too

The whole exchange was deleted, Ian, as single non-political posts either quoted political ones, or lacked context when other posts were removed.