Planning For Your Retirement?

[fools]

12 minutes ago, crookesey said:

Look at Cash ISA’s that are tax free and allow you to access YOUR  money if needs must.

nonsense .. inflation 11%+, cash isa interest zilch

6 minutes ago, HeHasRisen said:

 If you are claiming you wont get the full state pension if you ever worked in any of these fields, you are talking absolute codswallop.

 

Yes, people in those industries may have been "contracted out" but a) this no longer happens, b) may have been for a short period of peoples working lives and they still paid in full NI in other jobs, or c) they paid extra in.

more nonsense.

[HeHasRisen]

1 minute ago, fools said:

nonsense .. inflation 11%+, cash isa interest zilch

more nonsense.

I beg your pardon? 

[crookesey]

Just now, fools said:

nonsense .. inflation 11%+, cash isa interest zilch

Double nonsense - What has inflation got to do with interest rates, the two are totally unconnected? You are implying that it is not sensible to be risk averse in times of high inflation, what I implied is that cash is king in such times.

[HeHasRisen]

Just now, crookesey said:

Double nonsense - What has inflation got to do with interest rates, the two are totally unconnected? You are implying that it is not sensible to be risk averse in times of high inflation, what I implied is that cash is king in such times.

Dont question him, he doesnt like that.

[fools]

I hope you weren't a financial advisor.

[crookesey]

1 minute ago, fools said:

I hope you weren't a financial advisor.

Why are you so interested? Your posts do credit to your chosen user name.

 

 

[harvey19]

13 hours ago, Annie Bynnol said:

The current State Pension for those now retiring is £185.15 per week and:

Only if you’re a man born on or after 6 April 1951 or a woman born on or after 6 April 1953.

Only if you have 35 years + contributions/maternity contributions.

Only if you have never worked in a nationalized industry(eg PO, BSC, NCB) civil service, local government, NHS, forces, education or similar.

There is no Pension Credit or help with rent for the vast majority of new pensioners.

 

The age you can retire is 66.

Rising to in increments to 67 if you were born after April 1960.

 

The pension is taxable as are your other pensions and investments.

By the end of this Government most Pensioners will have become income tax payers.

Regarding H.M. Forces pensions.

If you left the forces before 1st April 1975 before completing 22 years service  your service is  not  pensionable..

Edited November 24, 2022 by harvey19

[fools]

3 minutes ago, crookesey said:

Your posts do credit to your chosen user name.

 

 

how original.

 

fools are people that think a cash isa is a good vehicle for pension savings.

[crookesey]

1 minute ago, fools said:

how original.

 

fools are people that think a cash isa is a good vehicle for pension savings.

Why and when do savings become pensionable? If you are paying 20% tax on say a 5.0% annuity rate this takes your net rate to 4.00%, I’d much rather have a lesser interest income for my ‘savings’ than a locked in taxable pension.

[cuttsie]

Live for today , tomorrow will take care of its self .