Here an interesting Article
The provision of financial security in retirement is critical for individuals and societies
Pensions are a rip off in which at best it is in the providers’ interests to minimise their exposure to payouts and maximise contributions to the point where it’s a reasonable bet that pension holders won’t live to collect all their funds.While at worse it is a case of mi selling based on telling pension investors that their investment is private and only for their own retirement when it clearly isn’t.Which explains the reference to so called falling birthrates to fund previous generations of pension plan holders.In general it is better to forget about pension contributions and use the money to clear the mortgage sooner instead.
Government advice is to put away 25-30% of your earnings every month to save towards your pension,realistically for most this is financially impossible due to low wage not just in this industry but every industry.
Unless you do at least 1 term as an MP you may as well forget it, you will get screwed if you have a pension and buggered if you don’t, as soon as there is a lot of money in the pension pots of the “compulsory” scheme a sticky fingered chancellor will be borrowing some, borrowing used as a loose term.
Unless you do at least 1 term as an MP you may as well forget it, you will get screwed if you have a pension and buggered if you don’t, as soon as there is a lot of money in the pension pots of the “compulsory” scheme a sticky fingered chancellor will be borrowing some, borrowing used as a loose term.