I lot of people are going to be fucked when their older given how much it costs to live (survive) these days
NotEntirelyShure on
If I did the maths right, Saira had her first kid at 15?
It’s been pointed out I’m in fact wrong. In my defence I am very tired.
FlabbyShabby on
As an FYI, the largest Workplace Pension provider (NEST, accounts for about a third of the numbers) also invests in Elbit Systems, an Israeli military firm that contributes to the suffering over in Gaza.
You can login to your NEST account and send them a secure message expressing your objection to their investment strategy, or do anything else that you wish if your objection is strong enough.
[deleted] on
[deleted]
HatCompetitive4149 on
The flowchart on /r/UKPersonalFinance is a really good resource for anyone wondering how to approach finances
ashyjay on
If you’re PAYE, why the fuck wouldn’t you use the employers pension, sure you’re gonna “lose” a couple hundred a month, but you also get “free” money from the employer contributions. without those contributions mine would look like shit as about 60% of it is from those.
ZombieOld6045 on
Lovely, no doubt my taxes will be used to bail out these idiots when they can’t afford to survive in 20 years time, no doubt they’ll be handed free housing and a comfortable allowance from the state along with a host of additional payments throughout the year.
Angelo_Cannon on
I pay 50% pension, just because I need as much money as I can get now. I work for my local council and the pay is horrendous, so unfortunately I’m having to take a little from my older self just to get by.
OldAndBald2025 on
They are too busy finding the money to survive NOW…never mind in 20-40 years…
Ok-Inflation4310 on
I was self employed and put a little into a private pension every month.I couldn’t afford much and that’s made worse by obviously having no employer contributions.
But it’s made a big difference now I’ve retired. Relying on the state pension would be just about doable but a pretty miserable existence.
I can’t even imagine how it’s going to be for kids growing up now if there’s not even going to be that safety net. But, if you don’t have any spare money at all, what are you going to do? You have to pay bills and feed yourself. A dilemma I’m glad I don’t have.
Realistic-Tip-5416 on
The lack of financial education in the United Kingdom is outrageous. Completely aware that it’s that way to keep people trapped in the system and widen the wealth distribution gap. But I genuinely believe finance and politics should be two core subjects on the schooling curriculum, just like maths, science.
all-park on
I pay for a private pension. You need to pay in around £3,000 a year to get something marginally acceptable. Around 36 yrs of contribution privately and you get around £11,000 annually, plus the state pension. The return isn’t great especially if you’re still having to rent.
Ridgeld on
Save these idiots from themselves. Remove the option to opt out of workplace pensions.
Savage-September on
Well I’ve been paying a pension since 18. I’ll be ok, I know where this is all going to end up and nothing worse that being old and broke.
pandaman777x on
Where does the BBC find all these self employed single women with 2-3 kids ?
Is it just AI generated clickbait?
Reminded me of this girl 38, single, 2 kids, beauty tech, main income is a student loan…
17 commenti
I lot of people are going to be fucked when their older given how much it costs to live (survive) these days
If I did the maths right, Saira had her first kid at 15?
It’s been pointed out I’m in fact wrong. In my defence I am very tired.
As an FYI, the largest Workplace Pension provider (NEST, accounts for about a third of the numbers) also invests in Elbit Systems, an Israeli military firm that contributes to the suffering over in Gaza.
You can login to your NEST account and send them a secure message expressing your objection to their investment strategy, or do anything else that you wish if your objection is strong enough.
[deleted]
The flowchart on /r/UKPersonalFinance is a really good resource for anyone wondering how to approach finances
If you’re PAYE, why the fuck wouldn’t you use the employers pension, sure you’re gonna “lose” a couple hundred a month, but you also get “free” money from the employer contributions. without those contributions mine would look like shit as about 60% of it is from those.
Lovely, no doubt my taxes will be used to bail out these idiots when they can’t afford to survive in 20 years time, no doubt they’ll be handed free housing and a comfortable allowance from the state along with a host of additional payments throughout the year.
I pay 50% pension, just because I need as much money as I can get now. I work for my local council and the pay is horrendous, so unfortunately I’m having to take a little from my older self just to get by.
They are too busy finding the money to survive NOW…never mind in 20-40 years…
I was self employed and put a little into a private pension every month.I couldn’t afford much and that’s made worse by obviously having no employer contributions.
But it’s made a big difference now I’ve retired. Relying on the state pension would be just about doable but a pretty miserable existence.
I can’t even imagine how it’s going to be for kids growing up now if there’s not even going to be that safety net. But, if you don’t have any spare money at all, what are you going to do? You have to pay bills and feed yourself. A dilemma I’m glad I don’t have.
The lack of financial education in the United Kingdom is outrageous. Completely aware that it’s that way to keep people trapped in the system and widen the wealth distribution gap. But I genuinely believe finance and politics should be two core subjects on the schooling curriculum, just like maths, science.
I pay for a private pension. You need to pay in around £3,000 a year to get something marginally acceptable. Around 36 yrs of contribution privately and you get around £11,000 annually, plus the state pension. The return isn’t great especially if you’re still having to rent.
Save these idiots from themselves. Remove the option to opt out of workplace pensions.
Well I’ve been paying a pension since 18. I’ll be ok, I know where this is all going to end up and nothing worse that being old and broke.
Where does the BBC find all these self employed single women with 2-3 kids ?
Is it just AI generated clickbait?
Reminded me of this girl 38, single, 2 kids, beauty tech, main income is a student loan…
https://www.reddit.com/r/unitedkingdom/comments/1gei055/budget_i_earn_1800_a_month_and_have_nothing_left/
Why the fuck would I pay into a pension I’ll never see? The bloody age will be 75 soon enough. It’s just paying for boomers to piss it up the wall.
They will.never let me retire.
Just save enough for a ticket to Geneva that’s the only guarantee you have
Everything will be gone when I’m old enough
Completely shafted since birth by a system of pulling up ladders