Genie Posted November 25, 2015 Share Posted November 25, 2015 (edited) 3 minutes ago, Xela said: £100,000 in a pension pot now is just over £6k per annum on a pension annuity So, you would need £400k as a minimum in your pot to live an ok retirement, noting you should be mortgage free etc Plus state pension I assume, how much is that? EDIT: about 5 grand I think currently Edited November 25, 2015 by Genie Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 Isn't it meant to go up to a flat rate of about £150 per week from next year? Just over £7k per year. Also you have to factor in you'll be taxed on it all (assuming your work pension takes you over the threshold) 1 Link to comment Share on other sites More sharing options...
tonyh29 Posted November 25, 2015 Share Posted November 25, 2015 3 minutes ago, Genie said: Plus state pension I assume, how much is that? sorta OT I think the govt are building up to exclude people from state pensions at some point ... By allowing pension pots to be passed down at some point families will be able to acquire a considerable amount of family wealth .. it kinda makes sense when you think that Pensions are probably the governments biggest liability so as I'm understanding the new regulation , when my parents die they can leave their pension to me and my brother ( they could leave it elsewhere but that wont work for my example ) ... I can take a lump sum via a 55% (I think) tax payment or keep it as a regular pension payment (taxed at a lower rate) , which I'd receive on top of my own pension (and state pension) ... when I die I then pass on what's left of my parents pension fund and my pension fund to my children ...and so on and so on ... clearly it could take a few years to accumulate these funds but then it would make sense to exclude people with xxxx in a fund from receiving the state pension Link to comment Share on other sites More sharing options...
lapal_fan Posted November 25, 2015 Share Posted November 25, 2015 Hmm.. it would seem as though my planned death (83, heart attack incuded by 23 year old giving me a sponge bath) could be brought forward a number of years.. new death plan; 65, starve/freeze to death on broad street because can't afford food/house/heating. that's not going to be fun at all.. Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 I aim to retire at 55, live in Bangkok and live like a king until a ) I have a heart attack, b ) my winky drops off or c ) a combination of both a & b Seriously though, its worth not relying on a pension solely. If you can afford to invest in additional property then go for it. I want a second place by the time I'm 40 and a third by 45/50 2 Link to comment Share on other sites More sharing options...
Genie Posted November 25, 2015 Share Posted November 25, 2015 1 minute ago, Xela said: I aim to retire at 55, live in Bangkok and live like a king until a ) I have a heart attack, b ) my winky drops off or c ) a combination of both a & b Seriously though, its worth not relying on a pension solely. If you can afford to invest in additional property then go for it. I want a second place by the time I'm 40 and a third by 45/50 You're not planning to have a wife and kids then? Its most likely gonna be extra properties or a family (unless you earn tonnes of cash) Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 8 minutes ago, Genie said: You're not planning to have a wife and kids then? Its most likely gonna be extra properties or a family (unless you earn tonnes of cash) At the age of 36 and having had no desire to have kids to this point, its probably unlikely, although things can obviously change. I've just never really felt the urge to have a family. I would like to meet someone special, of course, but if they wanted children and i didn't then its probably not going to work! 1 Link to comment Share on other sites More sharing options...
Davkaus Posted November 25, 2015 Share Posted November 25, 2015 2 hours ago, Xela said: £100,000 in a pension pot now is just over £6k per annum on a pension annuity So, you would need £400k as a minimum in your pot to live an ok retirement, noting you should be mortgage free etc £400,000?! Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 Yeah for a £24k pension (unless my figures are wildly out!) You've got the state pension of course when you are eligible(68 for me!) so maybe £300k?! Link to comment Share on other sites More sharing options...
Davkaus Posted November 25, 2015 Share Posted November 25, 2015 I guess it's all a bit of a guess based on inflation over the years, but I can't imagine what I'll be spending £18k on when I'm retired nevermind 24. How many Werther's Originals can one man eat? 1 Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 True. I may have to cut back on the amount of high class hookers I have worked into my budget. 1 Link to comment Share on other sites More sharing options...
Davkaus Posted November 25, 2015 Share Posted November 25, 2015 I'm counting on having VR porn by then, it'll save me a fortune, I'll hardly leave the house. Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 Or fully lifelike sex robots. Like Gemma Chan from Humans. 1 Link to comment Share on other sites More sharing options...
chrisp65 Posted November 25, 2015 Share Posted November 25, 2015 Our first VCR used to snap shut and take your finger tips off. I will not be an earlier adopter of sex robots. 4 Link to comment Share on other sites More sharing options...
tonyh29 Posted November 25, 2015 Share Posted November 25, 2015 24 minutes ago, Xela said: Yeah for a £24k pension (unless my figures are wildly out!) You've got the state pension of course when you are eligible(68 for me!) so maybe £300k?! it's roughly £6k per £100,000 so you are about there as I said in a previous post ..great if you are mortgage free and what not , but chances are a lot of people wont be so £24k wont go very far ... Link to comment Share on other sites More sharing options...
tonyh29 Posted November 25, 2015 Share Posted November 25, 2015 11 minutes ago, Xela said: Or fully lifelike sex robots. Like Gemma Chan from Humans. time to turn safe mode off on Google and look her up 1 Link to comment Share on other sites More sharing options...
chrisp65 Posted November 25, 2015 Share Posted November 25, 2015 page 12 of the manual: troubleshooting problem 1.0 will not release my cock from type 3000 sani vaj receptacle solution - unit will need to be returned to manufacturer I may have given this subject too much thought. Link to comment Share on other sites More sharing options...
Wainy316 Posted November 25, 2015 Share Posted November 25, 2015 3 minutes ago, tonyh29 said: time to turn safe mode off on Google and look her up Do you, like most dislike that douche Jack Whitehall? Yeah? Well he boinks her regularly. Link to comment Share on other sites More sharing options...
tonyh29 Posted November 25, 2015 Share Posted November 25, 2015 3 minutes ago, Wainy316 said: Do you, like most dislike that douche Jack Whitehall? Yeah? Well he boinks her regularly. not entirely sure I know who Jack Whitehall is ..is he the posh bloke that does a show with his dad ? Link to comment Share on other sites More sharing options...
Xela Posted November 25, 2015 Share Posted November 25, 2015 (edited) If anything, it proves she has low standards so that gives me a glimmer of hope! Edited November 25, 2015 by Xela Link to comment Share on other sites More sharing options...
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