Aged 35 - I don't have a pension!

sorcerer

Just decide what you want to invest in, for example if you want Emerging Markets, then find the best fund or trust or shares you can get in. It's not a complicated as you think. Yes their is a lot of choice, but if you make a plan before you start, including the level of risk you wish to take, it's not to bad.

nigpay1 wrote: »

sorcerer, where did you even start to work out what all the investments meant and the best places to invest.

it all seems overwhelming to me!!

coastline

Is there a rule coming in this October ??....those that earn over £7,750 a year must contribute to a pension plan..

DietIrnBru

I am in the same position at 28.

I live alone and I work to make every penny count. But as a worker in my local authority I can't afford the stringent % of my salary being taken off. I try to put away £20 a month into my cash ISA and my Shares ISA FTSE tracker.

It doesn't help that the pension system is so complicated and rigid.

atush

First things first, my employer will not be making payments.

Wrong.

by 2016 your enployer will be foreced by law into paying contributions to a pension. But best not to wait.

My other half is a teacher so already has her pension arranged albeit controversially!

Nothing controversial abouth having and earning a teachers pension. what is controversial is whinging about your teacher's pension when those around you would love to have the same.

opinions4u

One big advantage of pension over stocks and shares ISA.

The latter will stop you claiming means tested benefits once it reaches a certain value.

nigpay1

thanks for the constructive comments atush but right as I am, my employer doesn't pay contributions and as it isn't quite 2016 yet, they won't be doing for quite some time.

As for the comment about teachers. One: I never said she was whinging and Two: Buy your comments you clearly don't know much about the pension situation regarding teachers in the first place.

good to have you on the forum though.

atush

I didn't say she was whinging, you were the one to say 'controversial'. I just mentionned what might be controversial.

And yes, I know quite a bit about public service pensions incl teachers pensions. "Buy" your comments you may not (and certainly aren't an English teacher). In fact, I know a number of teachers claiming their pensions and supply teaching on the side- double dipping as it were.

My BIL is double dipping on his pension from the local council. Having retired early due to 'stress' he got an enhanced pension and is now full time employed in the private sector (with a new pension).

Good to have you on the forum though.

nigpay1

you didn't care to "mentionn" whether you were a teacher but i'm guessing you aren't (clearly, also not an English teacher)

but you clearly are a font of all knowledge, i bow to your superior intellect.

good to have you on the forum though.

atush

Just trying to help you. You were the one to start tossing out insults.

Did you know before i told you that you would be getting pension contribs in future? Did you know that there is a pension forum here, where your question would be better suited?


You are very late starting out, but you can catch up if you try hard enough. I suggest you start by being nicer to people who try to help you here and elsewhere incl the pension forum.

nigpay1

Atush, your comment "what is controversial is whinging about your teacher's pension when those around you would love to have the same." made it sound you were against the plight of teachers.

I was merely standing up for my other half and teachers in general.

You're other comment "Wrong.

by 2016 your enployer will be foreced by law into paying contributions to a pension. But best not to wait." just sounded abrupt.

Maybe in future I should not be so judgemental and you should not be so blunt. I do appreciate help but also being spoken to properly.

thankyou for your time.