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11-05-12, 06:45 PM
When I joined the prison service part of the package was my pension as the pay was nothing special. I have now gone three years without a pay rise and have this year had to pay an extra £90.00 per month pension and a further increase of £90.00 per month next year. So over a period of 5 years may monthly pay will of decreased by £180.00. And to top it all off when I retire my pension will be nothing like what I was told at the start, and this was part of my contract of employment.
14-05-12, 06:38 AM
The value of investments can go down as well as up
From what info I been fed it seems that public sector have ,as NHS, up to £6 for each £1 paid in whereas private are given the tax relief then left to the vagaries of the 'markets' which I think is highlighting the probs of 'gold plated state funded'
I like cream cakes ---anyone else
14-05-12, 12:41 PM
Nah!
Don't like cream cakes.
Got a great pension though
14-05-12, 05:30 PM
Hope you retire before they steal it
14-05-12, 06:04 PM
Originally Posted by Blackandchrome
Nah!
Don't like cream cakes.
Got a great pension though
back on topic- wish my pension was but sadly the markets are shoite so pension is shoite.
Trouble with some of us we have worked for 'small firms' so fook all employer contributions and any pension provision has to be self funded in addition to being subject to increasing taxation to fund the state payroll---this is where there is contention between state and private.
It is utter lunacy to expect me and others to stagger on working when already signs of wear and tear are appearing simply to have money taken to fund state workers who have retired some as young as 50 or so and then get another job and another pension fund :
--ok ok wrong career choice but these disparities were never evident years ago and something has to be done as not enough money anyway
Wonder if actually taking a more 'hands on' approach and have a SIPP is better now :-?
A rule of thumb used to be put 10% of income away for pension but don't think that is enough these days :
cannot believe Tractordriver don't like cream cakes :P
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