early pension calculation

harrynicholas

Go back and read the original question anyway, retard.

CLAPTON

harrynicholas wrote: »

I wasn't attacking anyone, I was expressing the frustration that has accumulated through going to numerous 'pension calculator' websites, pensions advice websites and finally culminating in resorting to pester the 'moneysavingexpert' on the off-chance that someone might have the answer readily available - a shot in the dark.

"If its investment based you are not including future growth and higher annuity rates for being older." Although when I read this slowly (you know I'm thick already) it seems to make some sense, but as an answer to my question, which was a sort of maths problem, it's irrelevant, so stop trying to make out you're so wise and I'm so aweful to you for not being grateful for just getting more pension-speak when I was after the answer "42".

I'm sorry it's been such a pain for you to do your job, as in the meantime I sort of worked it out for myself, I do save 24,000 by not having any contributions to pay, there is no 'extra' 60,000 for the early start as this I assume comes out of a 'pot'.

you do indeed save 24,000 by not making any more contributions... just think what you could of saved if you had never paid into that pension..

EdInvestor

You assume a lot Harry Nicholas.But we try to offer opinions and judgments based on facts here.If we made the same assumptions as you, then you might find yourself quite badly misled.

jem16

harrynicholas wrote: »

"If its investment based you are not including future growth and higher annuity rates for being older." Although when I read this slowly (you know I'm thick already) it seems to make some sense, but as an answer to my question, which was a sort of maths problem, it's irrelevant,

It's not irrelevant. It's very pertinent.

You have also missed out on the most important question of what type of pension you actually have.

so stop trying to make out you're so wise and I'm so aweful to you for not being grateful for just getting more pension-speak when I was after the answer "42".

There is no answer "42" as there are too many variables.

I'm sorry it's been such a pain for you to do your job,

It's no-one's "job" in this forum to answer any questions. Everybody here tries to help where they can but they can't do this without the full information required.

as in the meantime I sort of worked it out for myself, I do save 24,000 by not having any contributions to pay,

You won't save £24,000 as you will end up paying more tax and NI.

there is no 'extra' 60,000 for the early start as this I assume comes out of a 'pot'.

Exactly what "pot" nobody knows as you haven't answered the question on the type of pension.

dunstonh

I'm sorry it's been such a pain for you to do your job, as in the meantime I sort of worked it out for myself, I do save 24,000 by not having any contributions to pay, there is no 'extra' 60,000 for the early start as this I assume comes out of a 'pot'.

You have the wrong answer. Far too simplistic and not based on any facts. You dont seem to want to let us know those facts but prefer to be abusive to those attempting to help you.

This is a once in a lifetime decision. Once you crystallise the pension there is no going back. Its cast in stone for the rest of your life. You are talking about an asset that is worth hundreds of thousands of pounds to you yet you want to invest no time or knowledge in it. This is possibly the biggest purchase of your life. Start treating it with the sort of respect it deserves.

harrynicholas

That's why I asked the question in the first place, it was a 'it's too good to be true' and based on the knowledge that I'm not the brightest I thought I'd ask an expert, well lots of experts as it turns out, but instead of, as jem points out, "You won't save £24,000 as you will end up paying more tax and NI." That is a kind of helpful answer, and the sort of thing I was after, so thanks for that, but the rest of you really think you're something don't you?

harrynicholas

It's alright everyone, forget the whole thing, I've just blown my brains out because I don't live up to your standards of what a human being is, and I'm an obvious burden on society. I take it I can't will my now irrelevant pension to anyone?

dunstonh

Jem also stated that we dont know what type of pension you have. So, any response is a guess and the tax and NI answer is part of the potential negatives which have to be offset against the potential positives.

You dont want to listen and you dont want to know and you dont come across as a very nice person. So, regardless of what is said on this thread again, I am not going to contribute to it any further.

harrynicholas

And I did say "forget I even asked" you can't read can you?

lilac_lady

I've read the thread and can only hope that harrynicholas doesn't have a partner to bully when he retires, no matter when that is.