My work pension scheme.

[MontyVeda]

I had look at my workplace pension today...

Estimated value of your retirement pot on your retirement date (2036): £7,530.00
Your retirement income each year could be: £180.00

...it's not going to go very far is it.

 

[fossyant]

Many of them aren't going to go far.

 

[ColinJ]

Blimey - I only paid into my scheme for 2 years and got £2.5k at age 60 plus (currently) £600 p.a. from it!

 

[screenman]

I had look at my workplace pension today...

Estimated value of your retirement pot on your retirement date (2036): £7,530.00
Your retirement income each year could be: £180.00

...it's not going to go very far is it.

Not much of a gamble for them.

 

[DCLane]

Mine vary; I've a Teacher's Pension that can start from now due to additional payments plus AVC's, which I'm keeping for another 10 years then taking. I'll get a decent amount from that even if I stopped now.

My earliest FT workplace is worth £800pa at present, so probably about £1000pa in 15 years time, whien it's due to mature.
Another is currently worth £6pa in 5 year's time as it's set for then. Won't get much from that one!

That's apart from my 'alternative' pension scheme: I collect paintings, vintage watches and antique books. Along with bikes.

 

[marzjennings]

I had look at my workplace pension today...

Estimated value of your retirement pot on your retirement date (2036): £7,530.00
Your retirement income each year could be: £180.00

...it's not going to go very far is it.

It's enough to pay for a nice bike in 16 year's time if you cash it out.

 

[MontyVeda]

...
Another is currently worth £6pa in 5 year's time as it's set for then. Won't get much from that one!

That's even funnier than mine

I knew my workplace pension wouldn't be worth much, but £180 a year has far exceeded my lowest expectations.

 

[neil_merseyside]

How much are you paying in?

 

[MarkF]

I had look at my workplace pension today...

Estimated value of your retirement pot on your retirement date (2036): £7,530.00
Your retirement income each year could be: £180.00

...it's not going to go very far is it.

The £180pa is of no consequence, but the £7530 could do a lot, nice motorbike, vintage car, a good cruise, a Rolex, a convertible and a grand european tour. I wouldn't bother with the £180.

 

[Drago]

It'll be enough to service your bicycle every 2nd or 3rd year.

 

[PK99]

A neighbour's husband worked for Unilever, he died in his 40s 40 years ago on a salary of around £10k.

She got 50% index linked lifetime spousal pension and 2 year old daughter got 1/3 dependants pension to age 23.

Widows pension is now over £40k per year.

 

[MarkF]

That's apart from my 'alternative' pension scheme: I collect vintage watches and antique books. Along with bikes.

My sons & daughter have no interest so I'll cash in my watches when I retire, they'll prove to have been a good investment.

 

[DCLane]

My sons & daughter have no interest so I'll cash in my watches when I retire, they'll prove to have been a good investment.

I've bought them over a 25 year period for the purpose of selling if my pension wasn't decent, having started when I worked for a US firm all over Europe. Back then the idea of a decent pension wasn't great. I began with antique books, added watches and then paintings from emerging artists: some aren't worth anything but a few have increased in value.

The idea is I'll sell a painting, a watch or a couple of books a year to supplement pension earnings when I start a staggered retirement in 10 year's time. If that ever happens. If not my kids get to decide what to do with them.

 

[neil_merseyside]

You can cash in small pensions below a certain threshold so you might be able to do that if the rules stay the same and the threshold is OK.

 

[MontyVeda]

How much are you paying in?

no idea... the absolute bare minimum... it's just an automated workplace pension scheme