Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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Most Pensions and Financial advisors I have spoken with always stress the importance of starting to plan for retirment early, suppose it depends when you what to retire, personally I would like to be comfortable financially by the age of 50/55 at least then you get to live out your laster years stress free
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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I have a company pension, i pay 5% of my wages each week, they match it. usualy about 15 a week, and they match it.
Im 21, and have been paying into it since 18
[Edited on 07-08-2007 by Dan]
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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quote:
Originally posted by Dean_W
Pensions and savings are bollocks. Putting money into property is the way forward.
There are tax incentives for buying property into your pension fund though which you do not get as an individual, so to say they are bollocks is stupid
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Ecosse Sport
Member
Registered: 5th Jun 02
User status: Offline
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quote:
Originally posted by Mad MoeI'm in the process of moving my pension to Ireland to allow me to buy residential property with it's funds as I already have a couple of apartments and would like to have to the freedom in the future to invest my pension in the property market.
Do you know where I could find out more information about this??
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Pension plans are a lod of bollocks. They only give you back something stupid like £100 a week after you have paid a shit load of cash into them. I'm going to invest money in prroperty and keep cash in a savings account so I can look after my own funds.
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Dean_W
Member
Registered: 13th Dec 05
Location: Downham Market, Norfolk
User status: Offline
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quote:
Originally posted by Mad Moe
quote:
Originally posted by Dean_W
Pensions and savings are bollocks. Putting money into property is the way forward.
There are tax incentives for buying property into your pension fund though which you do not get as an individual, so to say they are bollocks is stupid
They are bollocks. You don't get anywhere near what you pay in.
Buy a house, rent it out. Make £100 per month at least. Then when the equity has gone through the roof sell it and there you go. Easy money.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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quote:
Originally posted by Mad Moe
Have been paying into my pensions since leaving school at 18, any one who thinks the can just keep putting it off and putting it off and still have a decent standard of living when they are old are going to be very disappointed unless they are very sucessful in their career.
A decent standard of living is not £300 a week though.
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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quote:
Originally posted by Dean_W
quote:
Originally posted by Mad Moe
quote:
Originally posted by Dean_W
Pensions and savings are bollocks. Putting money into property is the way forward.
There are tax incentives for buying property into your pension fund though which you do not get as an individual, so to say they are bollocks is stupid
They are bollocks. You don't get anywhere near what you pay in.
Buy a house, rent it out. Make £100 per month at least. Then when the equity has gone through the roof sell it and there you go. Easy money.
Or buy it in to your SAS pay no income tax on your rent recovery and no captial gains tax on the equity, even more easier money if you know what you're doing
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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quote:
Originally posted by ed
quote:
Originally posted by Mad Moe
Have been paying into my pensions since leaving school at 18, any one who thinks the can just keep putting it off and putting it off and still have a decent standard of living when they are old are going to be very disappointed unless they are very sucessful in their career.
A decent standard of living is not £300 a week though.
Who said anything about £300/Week
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M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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i started work at 16/17 and started paying in to one as soon as i joined, with my wage being decent i dont notice it going out of my account every month, gotta be better than nothing, specially if you dont see it going every month
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ed
Member
Registered: 10th Sep 03
User status: Offline
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quote:
Originally posted by Mad Moe
quote:
Originally posted by ed
quote:
Originally posted by Mad Moe
Have been paying into my pensions since leaving school at 18, any one who thinks the can just keep putting it off and putting it off and still have a decent standard of living when they are old are going to be very disappointed unless they are very sucessful in their career.
A decent standard of living is not £300 a week though.
Who said anything about £300/Week
That's what you're likely to get from some silly pension scheme though.
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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quote:
Originally posted by Ecosse Sport
quote:
Originally posted by Mad MoeI'm in the process of moving my pension to Ireland to allow me to buy residential property with it's funds as I already have a couple of apartments and would like to have to the freedom in the future to invest my pension in the property market.
Do you know where I could find out more information about this??
We use a company called St James' Place to look after our personal finances and it was they who adisvised us of this opportunity. I think I've got some info on it at home so I'll get back to you
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Ecosse Sport
Member
Registered: 5th Jun 02
User status: Offline
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quote:
Originally posted by Mad Moe
quote:
Originally posted by Ecosse Sport
quote:
Originally posted by Mad MoeI'm in the process of moving my pension to Ireland to allow me to buy residential property with it's funds as I already have a couple of apartments and would like to have to the freedom in the future to invest my pension in the property market.
Do you know where I could find out more information about this??
We use a company called St James' Place to look after our personal finances and it was they who adisvised us of this opportunity. I think I've got some info on it at home so I'll get back to you
Thanks I'd appreciate that, I've got two properties at the moment and would like to get more as part of a pension portfolio.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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If I earned enough money to do so I would. Apparantley I have a company pension though 
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