The Retirement Thread

[Dave7]

I get a state pension, plus a small private pension, and its topped up by pension credit, in total I get £800 a month, and I spend more now I'm retired than I did when I was working

I probably have also spent more since retiring......but thats because I can (i have a bit more cash and less outgoing). My spends now are on things I/we want eg my new bike and cycling holiday.
Have to say....Mrs Ds 'wants' are far less than mine AND she has no objection to anything I want to buy**.
**dont get me wrong, I dont throw money around and Mrs D is always saying I dont buy enough new clothes.

 

[Moodyman]

I guess the usual factors: kids grown up, mortgage-less (probably), no commuting costs (i.e. 1 less car), etc are offset by the costs of increased leisure time (travel, eating out) and possibly ill-health for some (retirement home).

It's just that we're constantly told we're not doing enough for retirement and I wonder how much of that comes from those with vested interests - Government wants to reduce the state pensions burden and pensions industry for its private/employer pension scheme incomes.

£800 per month contributions seems a little high.

As ballpark figure for aspirational income in retirement, the 'experts' reckon two thirds your take home pay when working should suffice.

 

[Dirk]

I have to live in a caravan to subsidise my beer budget.

 

[welsh dragon]

I guess the usual factors: kids grown up, mortgage-less (probably), no commuting costs (i.e. 1 less car), etc are offset by the costs of increased leisure time (travel, eating out) and possibly ill-health for some (retirement home).

It's just that we're constantly told we're not doing enough for retirement and I wonder how much of that comes from those with vested interests - Government wants to reduce the state pensions burden and pensions industry for its private/employer pension scheme incomes.

£800 per month contributions seems a little high.

As ballpark figure for aspirational income in retirement, the 'experts' reckon two thirds your take home pay when working should suffice.

Which is fine if you can afford that. However a hell of lot of people can't. They struggle to keep a roof over they're heads let alone have money to put aside every month for when they retire. I'm sure those same people live on another planet to most of us.

 

[screenman]

I enjoying a very large coke float with added vodka, according to nurse it will help my sore throat.

 

[Drago]

I'm stuffed full of half price Dominoes pizza.

 

[Dirk]

I'm stuffed full of half price Dominoes pizza.

You been skip diving again?

 

[Deleted member 1258]

I guess the usual factors: kids grown up, mortgage-less (probably), no commuting costs (i.e. 1 less car), etc are offset by the costs of increased leisure time (travel, eating out) and possibly ill-health for some (retirement home).

It's just that we're constantly told we're not doing enough for retirement and I wonder how much of that comes from those with vested interests - Government wants to reduce the state pensions burden and pensions industry for its private/employer pension scheme incomes.

£800 per month contributions seems a little high.

As ballpark figure for aspirational income in retirement, the 'experts' reckon two thirds your take home pay when working should suffice.

In the last few years I was working I was earning about £1200 a month, I never in my working life earned a large monthly income, £800 a month for a pension was always unatainable.

 

[Drago]

Across my working life I averaged over 450 sovs a month on pension co contributions, plus I bought an extra years entitlement. None of its blooming cheap, but I'venever wasted money on cruises, German cars on PCP, or £1100 iPhones.

 

[welsh dragon]

I can hear fireworks in the distance

 

[Dave7]

I can hear fireworks in the distance

We always say that dont we

 

[Drago]

That's not fireworks. It's me lighting my farts.

 

[welsh dragon]

We always say that dont we

We do Indeed.

That's not fireworks. It's me lighting my farts.

You just have to ruin the moment dont you.

 

[Dirk]

Across my working life I averaged over 450 sovs a month on pension co contributions, plus I bought an extra years entitlement. None of its blooming cheap, but I'venever wasted money on cruises, German cars on PCP, or £1100 iPhones.

For some strange reason, I found that I no longer needed to work after my exfil from Colombia ........

 

[classic33]

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Cheerz me dearz!

First one's a fake. 1856 indeed!!
1851