We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Cold Called - Watch Rip Off Britain
molerat
Posts: 35,891 Forumite
Rip Off Britain item on cold calling pension scams. One guy ended with only £30K from his £210K pot (after the taxman had taken their £40K off him) ! BBC1- catch up on iPlayer.
0
Comments
-
Watched it. Wont stop many/most though.0
-
How does the pension thing work?
If you get a grand a year pension, do you get that till u die..?
so do they calculate the value by ,
U retire at 60 and they think u wil live to 80, so that 20 years pension, so your pensions worth 20 k
Ì google it ,, nothing ,just adverts.“Life isn't about finding yourself. Life is about creating yourself.”
― George Bernard Shaw0 -
How does the pension thing work?
If you get a grand a year pension, do you get that till u die..?
Yes, and for DB pensions the £1K is usually increased completely or partially with inflation.so do they calculate the value by ,
U retire at 60 and they think u wil live to 80, so that 20 years pension, so your pensions worth 20 k
Ì google it ,, nothing ,just adverts.
That at a simplistic level is the starting point. The other key factor is that the DB pension scheme will be investing the money that it intends to use in the future to pay the pension. When interest rates are very low, like now, the pension scheme needs to set aside more money. Which is why transfer values are currently unusually high.0 -
How does the pension thing work?
If you get a grand a year pension, do you get that till u die..?
so do they calculate the value by ,
U retire at 60 and they think u wil live to 80, so that 20 years pension, so your pensions worth 20 k
Ì google it ,, nothing ,just adverts.
Alternatively for a DC pension you start off with a lump sum in a pension and can do various things with it, including buying a payment every year. It's the value of the pot that is defined and the amount of income you can get from it is the outcome.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards