It’s just one of those work pension schemes, **** knows what they do with it. Probably go bust sometime in the next 5 years with the directors having a nice time in the Cayman Islands. I pay into the minimum and work pays the max
Started work at 16. Messed around at school and left with next to nothing. Made up for it in my mid to late 20s by studying nights and weekends for 5+ years to earn equivalent of an MBA whilst working full time. We can access our pensions from 55 (soon to rise) and state pension age is 66 (also soon to rise). Near 50 years means between somewhere between 46 and 49. Add that to 16. Simple as that Sydney.
Because society is fundamentally different now to how it was in 1876? Kids today can't leave mandated education at 15, it's against the law. They learn a lot more at a younger age too, I'm not sure when the curriculum changed, but there are kids in modern lower KS2 learning stuff that was in the KS3 curriculum when I was at school. As for them being wet saps, I'd very much disagree. I'd say the majority of kids face very different challenges to the ones you grew up with. That doesn't necessarily make it generally easier or harder, just different. It's like saying "who has it worse, somebody with cancer or somebody who just lost their wife and two kids to a house fire?" It's not really a comparison that works given how different the circumstances are. One would think life today should be easier and that everybody should be a lot better off, given the advances in technology and such. But, I'm probably worse now than I was when I was a kid, that's for sure.
I do wonder how we’ve allowed this to happen? Other countries would have been rioting on the streets if their Governments had increased the retirement age. Yes, on average, we are apparently living longer but there are still an awful lot who don’t and many that have to carry on working full time when their health isn’t really up to it anymore but they don’t want/don’t qualify or can’t afford to be on benefits.
Pretty much all countries have increased their retirement age already, it's 67 in the US, Australia, Greece, Denmark, Italy, Iceland, Netherlands and Norway, 66 in the UK, Ireland, Germany, Belgium, Portugal, Spain.
Ok, I didn’t realise that and have to admit I hadn’t checked but was thinking of France in particular, although having just checked theirs, I see that it has recently risen from 62 to 64. Under the old set up I would have been retiring in about six months and the closer I get to my 65th birthday, the more it annoys me that I’m going to have to do another year and eleven months!
Our population is ageing too. At some point the U.K. is going to have to have a serious conversation about how we fund pensions unless we find ways to increase our workforce. Im not sure anyone really will like any of the potential outcomes.
Give every newborn a 12.5/15k cash amount that is kept in a global tracker like the s&p 500 fund until retirement age. That's averaged a 10.3% annual growth since the late 50s. This would leave a huge pension pot at retirement, cost the government next to nothing. That's a very basic solution that obviously would be that black and white in the real world
You must be a similar age to me. I'm not annoyed,I'm irate and if I were a woman I'd be suicidal!!! And yet the bastards who instigate the rises can do what the **** they like at age 55...
We were only about 40 years behind!! Tells you a lot about the UK these days. And there's still an option to opt out (don't do it, crazy). If you work for 40-50 years with a DC pension even at the minimum rates and build up entitlement to the State Pension, you certainly won't be destitute. Of course, far better to pay additional contributions if you can. That said, no guarantees about the future level of the State Pension, although it would be a very brave & foolish government (as in signing their own death warrant) that would significantly weaken it. Different case if you don't work, but then why should you expect a big pension if you don't or can't work; sorry, but to my mind that's just (un)common sense. Anyway, any signings yet?
Open: Sunday 1 June to Tuesday 10 June (19:00) Close: Tuesday 10 June (19:00:01) to Monday 16 June (00:01) Re-open: Monday 16 June to Monday 1 September (19:00) Due to an additional FIFA Club World Cup Registration Period introduced ahead of the start of the FIFA Club World Cup, the EFL and its Clubs have agreed that the summer transfer window shall operate for an additional ten-day period from Sunday 1 June 2025 to 19:00 on Tuesday 10 June 2025. This is due to the transfer window being unable to exceed a total of 89 days. The FIFA regulation on this matter permits the member associations of Clubs playing in the FIFA Club World Cup to establish this exceptional registration period, and there is therefore likely to be considerable transfer activity taking place across the world’s major leagues during this time. The EFL therefore believes that its Clubs should also have the opportunity to be active in the market at this time. The FIFA Club World Cup is set to take place between 14 June 2025 and 13 July 2025.
A lot of people live hand to mouth nowadays and need the money in their pay packet.I've put into nest/people's pension in the past but took the whole pots when I've needed to and they are no more.. I brought up 4 kids and didn't have a pot to piss in most of the time,never mind putting into a different pot.I'll rely entirely on a state pension like many others nowadays.
Saw a study Uk ranks very near the bottom for child and teenager wellbeing and happiness No surprise really ****hole source here https://www.unicef.org/innocenti/reports/child-well-being-unpredictable-world#report
