Public sector is as you say different because they are unfunded liabilities and part of the @£6tn national debt that isn't reported (along with PFI and many others).
Retiring
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denislawsbackheel
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Gross over simplification but I couldn’t give a toss.
I retired on a full pension at 52 with no actuarial reduction, so I went with what I would have got at 60 when my pension contributions would have maxed.
Happy as a pig in shit.
I retired on a full pension at 52 with no actuarial reduction, so I went with what I would have got at 60 when my pension contributions would have maxed.
Happy as a pig in shit.
GaudinoMotors
Well-Known Member
Lol 6tn
Apparently so and that was 5 years ago.
The real national debt hits £8.6 trillion
The real national debt extends far beyond the government's formal measurements. It also includes substantial liabilities in relation to unfunded public sector pensions, unfunded state pensions, the Private Finance Initiative (PFI), nuclear decommissioning and a number of other items including...
www.taxpayersalliance.com
Cheers , I’m in Romiley
Millwallawayveteran1988
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Costs wise It depends what advice you require really and the complexity of it.
squirtyflower
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And they put a stop to that shortly after.
remember arthur mann
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Bluemanc100
Well-Known Member
I’ve got two pensions totalling ~£100k and they’ve recovered slightly since July.. any advice on whether to claim them now or wait to see what happens re Brexit?
I realise it’s a gamble but any advice would be helpful.. we already have pensions we live on and also rental income from a property so these two unclaimed pensions are a bonus and not life and death
I realise it’s a gamble but any advice would be helpful.. we already have pensions we live on and also rental income from a property so these two unclaimed pensions are a bonus and not life and death
It depends on what they are invested in. I wouldn't want to have much exposure to commercial property at the moment, on the other hand, some UK equities look fairly cheap at the moment.
hampshireblue
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If the £ falls then it's usual for the FTSE to rise. this is because so many of the large companies trade in dollars. If you don't need to draw on them then I wouldn't personally.
Bluemanc100
Well-Known Member
No, I don’t... I realise it’s a waiting game but they have increased in value by around 5% since July so I might as well wait till the new year and see what happens
abu13
Well-Known Member
What do people think a married couple would need for a comfortable retirement?
I know everyone has different needs and plans but I have heard such a wide range of numbers I just have no idea.
I believe me and the missus would be quite comfortable with an income of £25k a year, If i was to retire tomorrow and given we would get around £18k in joint state pension I believe i would only need another £10k a year income. Obviously things change but I am interested in what people think or have experienced.
I know everyone has different needs and plans but I have heard such a wide range of numbers I just have no idea.
I believe me and the missus would be quite comfortable with an income of £25k a year, If i was to retire tomorrow and given we would get around £18k in joint state pension I believe i would only need another £10k a year income. Obviously things change but I am interested in what people think or have experienced.
Uncle Wally One Ball
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How old are you?
abu13
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52, although I feel like i'm 80 :)
Uncle Wally One Ball
Well-Known Member
What age do you get the state pension? Im in the category that has been put back to 68. May even be 69, the cunts. Factor that in to your thinking and how much you think you need
dickie davies
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Sit down with your Mrs and write down all the expenses for necessities, council tax food, utilities etc
Then there's maintenance on your property
Factor in every day luxuries such as new car, washing machine every however many years
Then you need to think about what are you going to do with your retirement time, travel etc and how much money you'll need for that
In theory 25k should be fine, but it's all about what you want to do/see
abu13
Well-Known Member
I am due to get it at 67, but im not banking on it with these cunts:)
Uncle Wally One Ball
Well-Known Member
Its so wrong