Pension Opt out

femalemonarchfemalecanine

Aretnap wrote: »

Speaking as a taxpayer, I for one think you should opt out!

idiot.

ignore this OP, you should stay in

kangoora

femalemonarchfemalecanine wrote: »

idiot.

ignore this OP, you should stay in

Whooooosh........

That was humour completely skipping past you

Spreadsheetman

kangoora wrote: »

Whooooosh........

That was humour completely skipping past you

It's also a meme for this board. Every post where the hapless OP proposes opting out of one of the best pension schemes in the country (NHS, local government, teacher, police etc.) will draw a "the taxpayer thanks you" response and usually on the first page of the thread

JoeCrystal

Spreadsheetman wrote: »

It's also a meme for this board. Every post where the hapless OP proposes opting out of one of the best pension schemes in the country (NHS, local government, teacher, police etc.) will draw a "the taxpayer thanks you" response and usually on the first page of the thread

Indeed, I am always on a lookout for one of these when I see this kind of topic. It always reminds me of that police officer thread a few years ago who still thinks it is a brilliant idea to opt-out of the pension police because it will save money/costs too much despite many pages of posts saying that it is not quite a good idea.

dano17439

I was in a LGPS in me first job from 1993-1996. I was on around 10k a year at this time. I recently got my yearly pension statement through and it stating a lump sum of 2.5k plus around £700 per year as a pension


Yes this is incredibly small, but for the amount I was earning, and the few years I was in the scheme I think this is an excellent return lol

zagubov

You may also have a generous life insurance component in your pension that would be expensive to replicate privately.

Opting out is what I'd consider as a false economy.

AnotherJoe

femalemonarchfemalecanine wrote: »

idiot.

ignore this OP, you should stay in

...... Wooooosh ! :rotfl: