JeffA:
[ - thats why police have hundreds of thousands pumped into their pensions by the taxpayer - that makes them worth having
A decent single pension should be worth approaching a million pounds. Of course it has to be funded by hundreds? (Not sure about hundreds) of thousands over a career. The stock market can’t make something out of nothing.
stu675:
JeffA:
[ - thats why police have hundreds of thousands pumped into their pensions by the taxpayer - that makes them worth havingA decent single pension should be worth approaching a million pounds. Of course it has to be funded by hundreds? (Not sure about hundreds) of thousands over a career. The stock market can’t make something out of nothing.
No its not the poiceman paying in that pays his pension - nowhere near. It s the taxpayer paying because stock market pensions are next to worthless. Do you think a working man can pay a million into a pension?
JeffA:
stu675:
JeffA:
[ - thats why police have hundreds of thousands pumped into their pensions by the taxpayer - that makes them worth havingA decent single pension should be worth approaching a million pounds. Of course it has to be funded by hundreds? (Not sure about hundreds) of thousands over a career. The stock market can’t make something out of nothing.
No its not the poiceman paying in that pays his pension - nowhere near. It s the taxpayer paying because stock market pensions are next to worthless. Do you think a working man can pay a million into a pension?
Shows your talking ballix once again!!!
Nigel Lawson COE started the “Joe Public” tax free investments with the PEP way back in 1984 which then morphed into the ISA under Gordon Brown (I think).
YES there are ordinary working class people have salted away the max allowance each tax year since 1984 and ARE millionaires years ago and DIDN’T have to pay a single Brown penny in income tax out of their PEP/ISA portfolios/pensions when cashed them in or took “draw down” payments!!!
Try and educate yourself before spouting pure BALLS!!!
Sent from my SM-A125F using Tapatalk
stu675:
claretmatt:
The government are currently in the process of stealing everyone’s savings in the form of inflation which is devaluing the worth of them massively. They do this to devalue the national debt.High inflation will continue while everyone puts up with it.
If you invest savings in the stock market instead of a bank, can you beat inflation?
I must admit my pension ([emoji817] invested) is languishing, but not sure if it’s just woeful performance of my provider.
Buy Gold, hold it yourself and it’ll see you right. The big banks are artificially depressing the price of Gold at the moment but they won’t be able to hold it forever without there being a correction.
Stay out of stock market, there’s a banking crisis unfolding in the US which will make 2008 look like a small blip.
claretmatt:
stu675:
claretmatt:
The government are currently in the process of stealing everyone’s savings in the form of inflation which is devaluing the worth of them massively. They do this to devalue the national debt.High inflation will continue while everyone puts up with it.
If you invest savings in the stock market instead of a bank, can you beat inflation?
I must admit my pension ([emoji817] invested) is languishing, but not sure if it’s just woeful performance of my provider.
Buy Gold, hold it yourself and it’ll see you right. The big banks are artificially depressing the price of Gold at the moment but they won’t be able to hold it forever without there being a correction.
Stay out of stock market, there’s a banking crisis unfolding in the US which will make 2008 look like a small blip.
Gold, has indeed been artificially supressed.
Partly because western governments have all been selling off their reserves, but also too “supressed via the futures markets” because the Deep State knows that people such as Christians are stockpiling it, anticipating the economic collapse predicted in Revelation Chapter Six.
When this happened during the early 1930’s however, the US government made it illegal to be stockpiling gold at ALL, so all that stockpiling - won’t amount to much, especially if there’s no food around by that point, meaning the Millionaires get to starve along with the rest of us…
We’ve yet to be told by our illustrious government - exactly how much of our collective pensions have been donked away for two main reasons this past year:
(1) The Chinese causing a drop on the bond markets that has left pension funds owning bonds on MARGIN - to receive margin calls which they cannot meet, and therefore forces them out of the long bond positions at a lower price causing huge losses to the overall pots the manage, due to the “Leveraging” effect of Margin Trading (no differnt to the Futures Market, in fact…)
(2) The Deep State have ordered all compliant governments to “Short the Ruble” to be part of the international effort to topple Putin’s Russia.
Problem was, that China, the actual inventor of “International BANKING” - has decided to support Russia as their main trading partner, and as part of their efforts AGAINST the West - have pushed the Ruble UP on the forex markets, causing MORE heavy losses for anyone foolish enough to short the currency that is primarily based on Oil and Gas. If any damage was going to be done to Russia by acting against the Ruble - don’t you think Trump pushing Oil down to less than 1c per barrel in 2020 - would have achieved at least some damage to Russia? - It didn’t , but alas our Deep State puppets didn’t make the connection, because there are no professional gamblers, speculators, or even self-made businesspeople among them.
(3) The Stock market is being artificially supported, as not to make the public wake up that there is something seriously wrong in “FutureLand”…
When the drop finally comes, it’ll be a cliff-edge - make no mistake.
How much longer do you think HomeOwners can keep up with rising mortgage payments, now that we’re told by the Bank of England that there are more hikes on the way, AND wage settlements for anything even APPROACHING the current rate of inflation - are routinely rebuffed by the Establishment…
Landlords have already been given the bullet in the Real Estate world.
Renters will consider their current £1000 a month rents CHEAP in a couple of years, when Landlords up rents as much as they can get away with, just to make the minimum interest only mortgage payments…
People that are “Out on the streets” over the next coming two years - Keir Starmer has already decided will “get the vote”, or at least the criminal elements among them will. It’ll make it impossible to vote for anything Right of Karl Marx ever again, of course…
You can’t get a ■■■ paper between the Westminster parties to try and change anything, “kitchen sink” thrown at any outsider trying to get a foothold in parliament, the door very firmly closed indeed once the Greens got their token presence there to take the rest of us over with their Gaian Tripe…
It is sadly impossible to make people “Do the right thing”, be they government, employer, neighbor, or even one’s own family.
Add food shortages and power cuts to all that mixture above - and we’re in for a hard time for the rest of this decade, and maybe most of us won’t live to the next one anyway, so won’t actually need a pension… A good example of deep state thinking here.
The struggle by some of the 99% to become “Saved” Elite 1% - will be a spectacle to behold over the coming months…
If you win the lottery? - Spend it wisely, and you might survive! would have to be my advice. 
Winseer:
because the Deep State knows
How do you…
Know what the ‘deep state’ is doing, do they email you occasionally with a 20% discount deal?
I’m intrigued to know how you know and everyone else doesn’t.
if you could answer in under 200 words please
yourhavingalarf:
Winseer:
because the Deep State knowsHow do you…
Know what the ‘deep state’ is doing, do they email you occasionally with a 20% discount deal?
I’m intrigued to know how you know and everyone else doesn’t.
if you could answer in under 200 words please
What the Deep State are doing - is brazenly done in plain sight.
It is the higher echelons that stay out of sight though.
We only see their ground operatives, currently our politicians refering to themselves as “Centerists” or “Liberals” before us.
People like Soros, Gates, and maybe even Musk - are merely “Middle Management”.
There’s plenty of material on what they are doing across the internet, available on too many sources for it to be some “backwater conspiracy” thing.
Where would you like to start educating yourself?
Even Corbyn supporters would be horried at what they did to him these past 5 years, again “all in plain sight” at that.
This isn’t a Left vs Right thing at all, and it is about time we all woke up and realized that. The Establishment are our enemies here, NOT “Each Other”.
Don’t be a useful idiot on their behalf, when we’re all 99%ers here. No, I don’t know any 1%ers at ALL. The wealthier people I knew - are the ones that have come to some kind of grief these last few years, (going back to 2008) some of them on foreign holidays, some in RTAs, others from rare diseases… Coincidence?
I make that…
199 words.
WOW! 
Winseer:
Where would you like to start educating yourself?
The Lamb and…
Flag in Wisbech.
They do a cracking afternoon happy hour and put nibbles out on Fridays.
Big Truck:
JeffA:
stu675:
JeffA:
[ - thats why police have hundreds of thousands pumped into their pensions by the taxpayer - that makes them worth havingA decent single pension should be worth approaching a million pounds. Of course it has to be funded by hundreds? (Not sure about hundreds) of thousands over a career. The stock market can’t make something out of nothing.
No its not the poiceman paying in that pays his pension - nowhere near. It s the taxpayer paying because stock market pensions are next to worthless. Do you think a working man can pay a million into a pension?
Shows your talking ballix once again!!!
Nigel Lawson COE started the “Joe Public” tax free investments with the PEP way back in 1984 which then morphed into the ISA under Gordon Brown (I think).YES there are ordinary working class people have salted away the max allowance each tax year since 1984 and ARE millionaires years ago and DIDN’T have to pay a single Brown penny in income tax out of their PEP/ISA portfolios/pensions when cashed them in or took “draw down” payments!!!
Try and educate yourself before spouting pure BALLS!!!Sent from my SM-A125F using Tapatalk
Yeah - theres millions of truck drivers retiringg at 60 with a million quid pension. I meet them all the time.
JeffA:
Big Truck:
JeffA:
stu675:
JeffA:
[ - thats why police have hundreds of thousands pumped into their pensions by the taxpayer - that makes them worth havingA decent single pension should be worth approaching a million pounds. Of course it has to be funded by hundreds? (Not sure about hundreds) of thousands over a career. The stock market can’t make something out of nothing.
No its not the poiceman paying in that pays his pension - nowhere near. It s the taxpayer paying because stock market pensions are next to worthless. Do you think a working man can pay a million into a pension?
Shows your talking ballix once again!!!
Nigel Lawson COE started the “Joe Public” tax free investments with the PEP way back in 1984 which then morphed into the ISA under Gordon Brown (I think).YES there are ordinary working class people have salted away the max allowance each tax year since 1984 and ARE millionaires years ago and DIDN’T have to pay a single Brown penny in income tax out of their PEP/ISA portfolios/pensions when cashed them in or took “draw down” payments!!!
Try and educate yourself before spouting pure BALLS!!!Sent from my SM-A125F using Tapatalk
Yeah - theres millions of truck drivers retiringg at 60 with a million quid pension. I meet them all the time.
Any that have invested the max allowable contributions in PEP/ISA since 1984 have retired long ago and are living quite comfortably on the beach somewhere in The Med!!!
You keep putting your wee bit under the mattress let inflation eat it away and work into your mid 70s!!! Lol.
Sent from my SM-A125F using Tapatalk
Really? So theres no end of truckers in great paying work for 40 years? No house to save for? They can just pump a milion into a pension can they? Funny, never met one.
And times have changed - since 1984 there have stock market booms. For the last 15 years the stock market tanked so nobody will get the gains from the 80s and 90s you got
How much did your parents give you? Did you inherit their house? Is the wife earning a fortune? Something doesnt sound quite right about truckers retiring at 60 on massive pensions.
JeffA:
. For the last 15 years the stock market tanked so nobody will get the gains from the 80s and 90s you gots.
Why are you fixated on the UK market? Yes the FTSE is not great since it’s absolute peak in 2007 of 6700 it’s now at 7700 15% gain (not tanked) in 15 years (plus dividends) so not great, but it is positive.
Dow Jones 14000 absolute peak in 2007 now 33000 so 15% growth for 15 years (simple interest, can’t be bothered to work out compound interest)
Msci world index now 273 from index of 100 in 2008 (18% simple interest or 7% compound interest)
The bottom line here is that if you want a million pension pot - you need to pay about 1.5million into it…
A third of pensions have been destroyed across the board - rich as well as poor people’s pensions here.
Only the “Defined Benefits” ones are immune, but as these are funded by government, and therefore taxpayers - a serious drop in bond prices like has occured since last year - keeps interest rates on an upward curve until we precipitate a full-blown SLUMP rather than just a mild, soft-landing “Recession”…
The last slump of this kind - was in 1975, right after we got tricked into joining the EEC…
Brexit - could and would have got us out of that, but instead we end up now “doubling down” on all the bad things that being part of Europe had us involved in, not least of all - the requirement to provide funds and weapons to Ukraine, a country not our ally, not even in Europe, and certainly no friend of ours, pre or post any projected Brexit… The price we pay for upsetting China - is that they now lend us money at an ever-increased interest rate, easy to instigate, - by simply buying less and less of our bonds at the weekly UK (and other western) bond auctions that take place.
The “bid price” and “over-subscribed” levels on these bond auctions - set the “implied” interest rate for the coming month after. The Bank of England merely adjusts the base rate to reflect changes in the actual bond markets that interest rates are based upon. The BoE has not been in any semblence of “Control” for over a YEAR now.
This was in the pipeline before Liz Truss got stood up to be knocked straight down last Autumn…
The Pension detriment - now gets blamed on her rather than the true authors of the Western Financial Demise - the Deep State, and their approved pick for Government Positions all over the Western World.
Presumably, we’re supposed to now support the Uniparty who are already in bed with the Greens both that only hold a single parliament seat, and yet are practically the tail wagging the dog on government policies left AND Right for over a decade now.
JeffA:
Really? So theres no end of truckers in great paying work for 40 years? No house to save for? They can just pump a milion into a pension can they? Funny, never met one.And times have changed - since 1984 there have stock market booms. For the last 15 years the stock market tanked so nobody will get the gains from the 80s and 90s you got
How much did your parents give you? Did you inherit their house? Is the wife earning a fortune? Something doesnt sound quite right about truckers retiring at 60 on massive pensions.
My mortgage was paid off 5yrs early seven ago by endowments that Clowns like you said wouldn’t make any money!!! Lol
So much so that there was/is certain financial institutions made a killing BUYING 2nd hand endowments and keeping them until they matured!!!
Wife only works PT as an Administrator so doesn’t earn a fortune!!!
Who mentioned pumping a million into a pension!!!
Investments are all about TIMING and TIME just ask Warren Buffet!!!
My two boys are 17yrs and 15yrs and we started a wee “Child investment scheme” via £250 from Gov when they were born.
We pay £10month into it mainly for a deposit for them ref a house as in £10month into each boys fund.
Eldest one currently has close to £10k in his fund and youngest £8.5k.
You do the maths!!!
Aye but sure equity investments been dung this past 15yrs according to you!!! LOL
Sent from my SM-A125F using Tapatalk
I worked out I can retire at 62 when I become mortgage free assuming I don’t overpay it. Current pension pot £42k for mine, £10k for wifes, £27k in S&S, £16k in emergency fund. Sticking £4700 a year in my pension through work and SIPP contributions, £3k in wife’s, £2400 in S&S ISA every year. Targetting a £30k income in today’s money in retirement. Cash, S&S ISA and pension draw down from age 62 to state pension age. Me and wife’s state pensions then kick in, £10,636 a year each in todays money leaving a £10k shortfall to be funded by SIPPs/workplace pension. Don’t need a million quid.
Retirement planner tool…
james-shack.co.uk/retirement-planner
Youtube video from James Shack explaining how to use it.
Big Truck:
JeffA:
Really? So theres no end of truckers in great paying work for 40 years? No house to save for? They can just pump a milion into a pension can they? Funny, never met one.And times have changed - since 1984 there have stock market booms. For the last 15 years the stock market tanked so nobody will get the gains from the 80s and 90s you got
How much did your parents give you? Did you inherit their house? Is the wife earning a fortune? Something doesnt sound quite right about truckers retiring at 60 on massive pensions.
My mortgage was paid off 5yrs early seven ago by endowments that Clowns like you said wouldn’t make any money!!! Lol
So much so that there was/is certain financial institutions made a killing BUYING 2nd hand endowments and keeping them until they matured!!!Wife only works PT as an Administrator so doesn’t earn a fortune!!!
Who mentioned pumping a million into a pension!!!
Investments are all about TIMING and TIME just ask Warren Buffet!!!My two boys are 17yrs and 15yrs and we started a wee “Child investment scheme” via £250 from Gov when they were born.
We pay £10month into it mainly for a deposit for them ref a house as in £10month into each boys fund.
Eldest one currently has close to £10k in his fund and youngest £8.5k.
You do the maths!!!
Aye but sure equity investments been dung this past 15yrs according to you!!! LOLSent from my SM-A125F using Tapatalk
Yeah I’m just wondering why you’re the exception that proves the rule tho. So you’ve been in well-paid driving work solidly for 40 years? And always had plenty to pay into a pension? That’s unusual in itself for a truck driver.
The interest rate on childrens bonds now is 0.6% - hard to see that turning £250 and a tenner a month into ten grand in 17 years. Times have changed.
Big Truck:
JeffA:
Really? So theres no end of truckers in great paying work for 40 years? No house to save for? They can just pump a milion into a pension can they? Funny, never met one.And times have changed - since 1984 there have stock market booms. For the last 15 years the stock market tanked so nobody will get the gains from the 80s and 90s you got
How much did your parents give you? Did you inherit their house? Is the wife earning a fortune? Something doesnt sound quite right about truckers retiring at 60 on massive pensions.
My mortgage was paid off 5yrs early seven ago by endowments that Clowns like you said wouldn’t make any money!!! Lol
So much so that there was/is certain financial institutions made a killing BUYING 2nd hand endowments and keeping them until they matured!!!Wife only works PT as an Administrator so doesn’t earn a fortune!!!
Who mentioned pumping a million into a pension!!!
Investments are all about TIMING and TIME just ask Warren Buffet!!!My two boys are 17yrs and 15yrs and we started a wee “Child investment scheme” via £250 from Gov when they were born.
We pay £10month into it mainly for a deposit for them ref a house as in £10month into each boys fund.
Eldest one currently has close to £10k in his fund and youngest £8.5k.
You do the maths!!!
Aye but sure equity investments been dung this past 15yrs according to you!!! LOLSent from my SM-A125F using Tapatalk
I changed from a endowment mortgage to a repayment mortgage as my endowment was going to be 1,000,s short of paying my mortgage off if I’d of continued ( that was what the nationwide said in there letter ), never mind the brand new car / holidays the kid in the nationwide said we’d get at the end of it .
I didn’t cash it like lots did as I didn’t need it , I just left it for a rainy day & at the end it was 1,000,s short of paying our mortgage off if we had continued with it
We put in a claim like lots did , got told it had apparently performed as expected , got nothing , my brother was with a different b/s & did get paid out 1,000,s in compensation
I think if I’d of kept mine I’d still of been paying the shortage off 7/10 yrs later , never mind 7 yrs early
It was shocking really , me & mrs were only youngsters , never a mention of it might not pay off the mortgage at the end of 25 yrs , just hols / new cars
I’m glad it worked for you but endowment mortgages didn’t work out well for me , and god knows how many others , didn’t they stop them ? Long time ago so can’t remember
Had a quick look and there still around , but very few due to the miss selling scandal that engulfed them , that’s how I do remember it , endowment would pay off your mortgage + new car / hol etc , reality in my case & 1,000,s of others was you’d end up 1,000,s short
But I guess as everything some did well out of them , just wish I was one of them
If you have a £250,000 mortgage, and the endownment comes in at say, £220,000 - then you’ll typically be selling your house to redeem the mortgage anyways - right?
Otherwise you’re supposedly going to have to come up with the £30,000 shortfall - just to stay put in the house you’ve lived in for the past 25 years?
A lot of people may of had such savings 5-10 years back but now?