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Some advice regarding pension
Comments
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There will be outcries when the elderly are living in "poverty" because they never bothered to save for their retirement and aren't healthy or physically fit enough to work.
Yes, but we get that now. If we can keep the outcry level fixed, and at the same time reduce the benefit bill and improve the outcome for those prepared to think ahead and put a few bob aside, then everyone's a winner.
Oh, other than the stupid people, but they are always going to have a grim outcome that they blame on everyone other than themselves no matter how many opportunities they are given.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
GPPPs or individual PPPs dont get it.
This Santander scheme appears to be a Group PPS and yet the "two year rule" would appear to apply.
http://www.santanderjobs.co.uk/SummaryforNewHires.pdf0 -
This Santander scheme appears to be a Group PPS and yet the "two year rule" would appear to apply.
http://www.santanderjobs.co.uk/SummaryforNewHires.pdf
Looks like a CIMP rather than a GPPP.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Looks like a CIMP rather than a GPPP.
Coud be, although I don't see any reference to the trust deed - of course all this information could be available through their web site or administrator.0 -
and they will be listened to because, unlike the younger generation, the older generation are more likely to vote. Hence the older generation get lower tax, and higher benefits, as a bribe.There will be outcries when the elderly are living in "poverty" because they never bothered to save for their retirement“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
There are plenty of good reasons to opt out, and to opt out in a sticky way that doesn't have to be repeated every three years as required by current rules. They include:I think this thread actually shows why compulsory-non-opt-out would be a good idea.
1. those who have a fatal condition that is expected to kill them within a few years.
2. those who would lose their protected benefit levels if any contributions made, like a higher lifetime allowance with major penalties for making more contributions.
3. those who are in flexible drawdown and aren't allowed to make any more pension contributions.
4. those who would pay in more than £50,000 during the year and pay large tax penalties, like those in final salary pensions who receive a raise near the end of their career.0
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