Drp8713 wrote: »
Lets hope not, it is my intention to use it to bridge the 60-68 gap between the S&S ISA/SIPP and DB Scheme.
Also, mine should be worth £330k by 60 so wouldnt say it was small fry, and somebody starting at 18 could be worth £650k by 60.
mije1983 wrote: »
Isn't it nearer 7.5% returns rather than 5%? Still not outside the realms of possibility though.
Alexland wrote: »
Greatkingrat's maths are correct - remember you get an additional 10 years of growth after you can no longer contribute so the original contribution at age 18 is in there for 42 years. Personally, given current market valuations, I plan for around 2% growth above inflation and fees.
aj23 wrote: »
And I completely disagree with what Malthusian has said. It's already really helped me in saving money toward a house. So yes, it does serve a purpose. Two, actually.
It's only come about from mainly Labour MP's I expect who are engaged in jealously politics.
New plans have just been announced by the Government
DON'T assume your landlord covers you
Incl £2ish sun cream & £1.50 disposable BBQs