BoE cuts rates to 3.0%!!!

MissMoneypenny

Really2 wrote: »

I would do as you may as retire now than be forceably retired.;)

I'm on a good wage in London, so no point in retiring because of a fear of losing my job. I would just go and get another job anyway, even if it was on a lower wage. I have always fancied starting my own business, but now is probably not a good time for that.

Sadly, quite a few have already lost their jobs where I work and do I feel sorry for those that have young families and mortgages to support. Most of those hopefully should get another job but will probably have to take a significant wage drop, so it's not good.

Really2

MissMoneypenny wrote: »

I'm on a good wage in London, so no point in retiring because of a fear of losing my job. I would just go and get another job anyway, even if it was on a lower wage. I have always fancied starting my own business, but now is probably not a good time for that.

Sadly, quite a few have already lost their jobs where I work and do I feel sorry for those that have young families and mortgages to support. Most of those hopefully should get another job but will probably have to take a significant wage drop, so it's not good.

If you lose your job you will lose your final salery pension:eek:
As I said they will not do final salery pension for much longer as they are unsustainable.

I now don't belive you are 4 months from claiming it as you could get it and work in tesco, you could still set up a business it wont effect your pension.
If you can get it in 4 months and don't you really are mad.:rolleyes:

How will you get a job but the others not? playing games me thinks.:)

StevieJ

MissMoneypenny wrote: »

I'm on a good wage in London, so no point in retiring because of a fear of losing my job. I would just go and get another job anyway, even if it was on a lower wage. I have always fancied starting my own business, but now is probably not a good time for that.

Sadly, quite a few have already lost their jobs where I work and do I feel sorry for those that have young families and mortgages to support. Most of those hopefully should get another job but will probably have to take a significant wage drop, so it's not good.

Possibly a good time to paraphrase a FS song 'if you can survive now you can survive any time' at least prospects could only go up.

Really2

StevieJ wrote: »

Possibly a good time to paraphrase a FS song 'if you can survive now you can survive any time' at least prospects could only go up.

Agree with that but if she really has a final sallery pension she can claim in 4 months (My tounge seems to be stuck in my cheek)

She is making the worlds madest gamble.

She may as well stick it all on black loose then get a mortgage on a house purchased at July 07 price and have a 130% mortgage with NR.:rotfl:

SingleSue

poppy10 wrote: »

1955, according to the BBC.

http://news.bbc.co.uk/1/hi/business/7713006.stm

Many thanks

MissMoneypenny

Really2 wrote: »

If you lose your job you will lose your final salery pension:eek:
As I said they will not do final salery pension for much longer as they are unsustainable.

I don't work for HSBC anymore. I have it all in writing that I have a final salary pension from HSBC and thanks to you reminding me, I have just phoned them and been told I can claim it from age 55.

Really2 wrote: »

I now don't belive you are 4 months from claiming it as you could get it and work in tesco, you could still set up a business it wont effect your pension.
If you can get it in 4 months and don't you really are mad.:rolleyes:

I'll take that as a compliment, whether it was meant as one or not.:D I'm thinking more along the lines of taxes, hence why I need to speak to my accountant. I'm a high rate tax payer.

Really2 wrote: »

How will you get a job but the others not? playing games me thinks.:)

Some people will always get jobs, others will not. My aunt taught in a school until she was 70 and because she liked working, she then got a job in an office after that even though she had never used a computer before.

Really2

MissMoneypenny wrote: »

I don't work for HSBC anymore. I have it all in writing that I have a final salary pension from HSBC and thanks to you reminding me, I have just phoned them and been told I can claim it from age 55.



I'll take that as a compliment, whether it was meant as one or not.:D I'm thinking more along the lines of taxes, hence why I need to speak to my accountant. I'm a high rate tax payer.



Some people will always get jobs, others will not. My aunt taught in a school until she was 70 and because she liked working, she then got a job in an office after that even though she had never used a computer before.

So you left HSBC and they left their final salery pension open for you.:eek:

You nose is on the monitor.

It is funny how wage defaltion will affect others and not you.:rolleyes:
Hello real world, your corflakes are soggy.:rotfl:

PS I might change my mortgage HSBC have lost the plot.:rotfl:

IveSeenTheLight

!!!!!!? wrote: »

What will be the next move when this doesn't work.? Let me see ... MORE interest rate cuts.

Woohooo, even more savings to make for those on trackers
Means they can pay down even more of the mortgage debt :T

Really2

MissMoneypenny wrote: »

I don't work for HSBC anymore. I have it all in writing that I have a final salary pension from HSBC and thanks to you reminding me, I have just phoned them and been told I can claim it from age 55.



I'll take that as a compliment, whether it was meant as one or not.:D I'm thinking more along the lines of taxes, hence why I need to speak to my accountant. I'm a high rate tax payer.



Some people will always get jobs, others will not. My aunt taught in a school until she was 70 and because she liked working, she then got a job in an office after that even though she had never used a computer before.

You have been found out.:D
http://news.bbc.co.uk/1/hi/business/7445797.stm
"As a result, HSBC is proposing to raise its normal retirement age from 60 to 65."
"Under the plans, employees could still retire at 60 but the amount of final salary paid would be reduced owing to it being taken before the age of 65"

StevieJ

Really2 wrote: »

You have been found out.:D
http://news.bbc.co.uk/1/hi/business/7445797.stm
"As a result, HSBC is proposing to raise its normal retirement age from 60 to 65."
"Under the plans, employees could still retire at 60 but the amount of final salary paid would be reduced owing to it being taken before the age of 65"

She can still take it at 55 but she will be deducted say 5% for each year below 60 or 65 depends on the new arrangement.