Opted out of work place pension

GunJack

edinburgher wrote: »

Approximately 70% of people in the UK have a smartphone. They start from approximately £12/month for a reasonable phone with sufficient data for day-to-day use..

tesco mobile, from £7.50pm

edinburgher

GunJack wrote: »

tesco mobile, from £7.50pm

I'm a Tesco mobile customer and their base packages don't really offer enough data for a digital dilettante, never mind a digital 'native'. They do make it affordable enough to purchase more data, however, we pay £10/month for a sim only tariff with 1.25GB? (1GB + some sort of friends and family bonus).

Tammykitty

dunstonh wrote: »

I read your post as an example of why you should have paid into the pension. Not whyyou shouldnt.

10 months wasted rent saved - £5000!
But you would have been paying a mortgage instead and over 25/30 years, that isnt an issue. You missed out on £2400 of employer contributions which over 30 years would turn into a figure closer to £20,000

And if you couldnt afford to save for the house deposit and pay into the pension then that is a worrying sign when interest rates eventually return to normal long term averages.

My mortgage is less than my rent was!


The house price will also rise in value over the years.


I could have afforded to save for a house and pay into a pension - just choose not to pay into a pension for a few years, to purchase the house quicker.


In that 10 months, the house prices probably rose near 5%, so buying it 10 months quicker, saved £5k that way too!


Given the housing market at the time, I know I made the right decision


I have been paying into a pension since I was 21, so taking a fews year break isn't going to make a difference in the long term.

GunJack

edinburgher wrote: »

I'm a Tesco mobile customer and their base packages don't really offer enough data for a digital dilettante, never mind a digital 'native'. They do make it affordable enough to purchase more data, however, we pay £10/month for a sim only tariff with 1.25GB? (1GB + some sort of friends and family bonus).

I'm never away from a wifi point long enough to use much mobile data, and computers are at hand pretty much 24/7, so never use more than a couple of hundred meg of mobile data

edinburgher

Ah, work have our internet shut down tighter than I tight thing. Anything fun? That's blocked

atush

GunJack wrote: »

I'm never away from a wifi point long enough to use much mobile data, and computers are at hand pretty much 24/7, so never use more than a couple of hundred meg of mobile data

You must be a townie.

I cant get a good signal from my carrier unless i stand near a window- we still have a landline lol.

I use a PAYG 3 sim card when on the mainland, and sometimes cant get a signal on that.

GunJack

atush wrote: »

You must be a townie.

I cant get a good signal from my carrier unless i stand near a window- we still have a landline lol.

I use a PAYG 3 sim card when on the mainland, and sometimes cant get a signal on that.

yes, first village on the outskirts in our direction plus, hardly ever need to use phone for internet, no need to strain eyes on a small screen when you don't need to