Just got my auto-enroll pension through

[stinkwheel]

[Jewlio Rides Again LLB]

Still no intention of paying into a pension.
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Mpd72: I can categorically say i’m Brighter than that, no matter how I come across on here.
HAHAHA HAHAHA Blew Chilly MyCrowSystems

[Tracey Suntan-King]

[quote="stinkwheel"]

[Rogerborg]

[M.C]

*bump*

[thx1138]

I've got a couple of small pensions, one where I opted out of SERPS when I was 17, and opted back in when I was about 40.

One with the Royal Mail.

Will get the cash and buy a new trail bike when I'm 55.

Would have said Enduro bike, but I will have 55 year old knees then.

[M.C]

I was going to opt out originally but someone talked me into not doing so.

[Derivative]

[Rogerborg]

[jjdugen]

Demographics......
Fact, the reason for NHS, social services, pension funding crisis' are the large numbers now at / reaching retirement age. A bi of a greedy generation, these baby boomers, still wanting as good a standard of living as they have enjoyed all their lives. At the moment, they have managed to acquire a disproportionate amount of wealth (threads passim), causing generation XYZ to jump up and down in rage.
But, don't worry, we are dying off and that death rate will accelerate with each passing year. Twenty years from now, the vast majority will be gone.
Put this in context, that's roughly 20 - 25 MILLION of us.
We might not be contributing very much, but we are buying lots. Your services, the things you make, a whole industry wiping our bottoms, an even bigger industry sending us on our way.
When we are gone, there will be a hell of an economic impact. BTW, there will be a considerable housing stock surplus, hospitals freed of that burden, a considerable number of jobs to fill...... Not pleasant at the moment, I agree, but your time will come.
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The CBR900RR has been sold. Aprilia Falco worms its way into my heart.
Try Soi 23 on Amazon for a good read.... Self promotion? Moi?

[angryjonny]

[jjdugen]

There isn't a 'whole' generation X, after us (boomers) nobody was breeding, at least not in sustainable numbers. (Let's omit the the immigrant debate please, without them the population would seriously crash).
And don't be fooled by the Saga set, they are far outnumbered by those with just enough to keep going reasonably comfortably.
Really, the reason that the economy is so badly skewed is that all of the 'soak' industries have largely disappeared. Low level stuff to China, high level stuff to automation. It becomes difficult to sustain all our life-styles flogging cheap imports to people selling other cheap imports.
But here's the rub. I wouldn't wish the dull, repetitive, mind numbingly boring production line jobs on anyone. So, its up to you bright young things to come up with a plan that gets you off your arses and out from your games consoles...... Or are you waiting for us to do it for you?
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The CBR900RR has been sold. Aprilia Falco worms its way into my heart.
Try Soi 23 on Amazon for a good read.... Self promotion? Moi?

[-]

[jjdugen]

That's generation Z, in the modern parlance. Gen X were the ones just after the 'boom', the ones actually in the market place at the moment. Gen Y are the ones in Uni or just graduated, really tough for them, at the moment, but they will inherit the (denuded) earth. The ETHNIC imbalance of gen Z is another subject altogether. It actually makes no odds what colour / creed, just as long as they are a viable workforce, they are the ones that will be wiping your bums when its your time to get doddery.
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The CBR900RR has been sold. Aprilia Falco worms its way into my heart.
Try Soi 23 on Amazon for a good read.... Self promotion? Moi?

[Rogerborg]

Having been raised in families who have never worked, and who see it as a mug's game, or even as their duty to take all they can and give nothing back, that next generation of rainbow people are hardly likely to be queueing up at the Job Shop.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[-]

[jjdugen]

Yeah........ 25 MILLION babies born within ten years, now THAT's what I call breeding. My parents generation out bred every generation before, or since. Makes you proud.... I think.......
I could get bitchy and say you won't / can't have kids for financial reasons, but that is mainly YOUR generations greed. You would rather have a flash house / car / holidays / clothes than buckle down and cut your coat according to your cloth. I could, but that is playing into the divide and rule camp. Easy to hate a minority, you are encouraged to hate a minority, takes your gaze away from the true culprits.
Always follow the money, not the pittance of the dole, but the avarice of the board-room.
____________________
The CBR900RR has been sold. Aprilia Falco worms its way into my heart.
Try Soi 23 on Amazon for a good read.... Self promotion? Moi?

[-]

[angryjonny]

[jessicatee]

Been here 2 days and all your doom mongering has me scared shitless!

My current goal in life is to own my home by the time I'm retired....and thats about it. I havent opted out of the auto enrolment thing so I'm guessing I pay into it, and I'll have a tiny army pension (7 years as a signaller lol) to add on top of the state/auto enrolment thing and whatever my wife will get pension wise.....

After reading this thread i'm feeling pretty fucking naive lol, just being able to live rent free isn't gonna be enough right??

[angryjonny]

A roof over your head is half of it. Food, heating, council tax etc are the other half. Saga holidays if you've saved well.

I'd take my chances relying on the state but you never know when the state is going to get tired of financing your life and cut you off. So I'll fund my own retirement the best I can.

I wouldn't worry about it, by the time you come to retire we'll all be living under bridges.

[woo]

so whats the general conclusion stay in the organisation pension or opt out.

I just currently opted back in after 1 yrs absence and but im swaying to id rather have the money now than hope i get it many years later if im still even alive by that time as anything can happen.

i work in the public sector and my employer doubles what i pay in.
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Elen sila lummen omentielvo!

[-]

[carvell]

[JonB]

People still seem to believe private pensions are like the scam products that were around in the 80's/90's.

The opt in pensions are basically a pay rise that is deferred til retirement.

I pay in 8% of my salary and my enployer matches it! That's over £3k net, every year!

If you are a higher rate tax payer and you are not doing this, you're silly. IMO.
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Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.