2008 - Live on £4000 for a full year.

mini_huny_money

nykmedia wrote: »

I cashed mine in when I left nursing many, many moons ago. OOPS! I think I bought a horse with it, but don't tell Bails!

my first superann was cashed in way back in 1982 when you were still allowed to do that...............was used to buy a nifty new Silver Cross pram and lots of Zorbit nappies!!!

MarkyMarkD

mini_huny_money wrote: »

I'm an NHS worker with when I retire over 30 years of superann contributions. I was under the impression that an individual can will their superann to their next of kin........if an individual has not asked for their superann to be willed to their next of kin........ONLY THEN......its lost to the Govt coffers

AFAIK any non-state pension contributions (and NHS superannuation isn't state pension) you make will be paid to your estate if you die before retirement. But if you die one day after retirement, you lose your contributions.

Prudent

MarkyMarkD wrote: »

AFAIK any non-state pension contributions (and NHS superannuation isn't state pension) you make will be paid to your estate if you die before retirement. But if you die one day after retirement, you lose your contributions.

Is this the same as your 'death in service' benefit or is it in addition?

Jay1_2

A few pages ago (the perils of not reading every day) you were discussing Earth Day. I don't know about that but on the Green and Ethical bit theres a thread on Earth Hour http://forums.moneysavingexpert.com/showthread.html?t=779613 It was also mentioned on Warwickshire Council intranet.
Will probably do it as its only an hour. Do you think my freezer will be all right if I switch it off? Its only a few months old and I promise I won't open it :rolleyes:

It'll make up for tonight when I was feeling fed up so decided to treat myself to electric light and heating and TV from before 6pm and lots of chocolate biscuits. And then at about 11.00 I decided I didn't want to go to bed (I have a touch of depression and every now and again if I'm not really tired or have a good book to read bed seems like a bad idea) so opened up the laptop... still, it meant I could catch up on lots of e-mails and loads of MSE forum!:D

MarkyMarkD

Prudent That's in addition to your "death in service" benefits.

mini_huny_money

Hi again Marky.........and I should probably be asking this on the pensions forum, but now you've got me thinking .....and at this time of night on a Friday....!!!!

If I retire on 2nd Jan 2025.and I die on 3rd Jan 2025 a day after my 65th birthday ..........all my NHS Superann will be gone,!!!!

even though I;ve willed my superann to my next of kin?????? yeah I see the reasoning........Is there any way to protect against this happening??

edited to say....LOL.....insurance to protect your insurance!!!!!!

edited again to say.......when the talk turns to pensions, you really are taliking to dumber and dumber.......aka mini huny money!!!!!

sophiesmum_2

nykmedia wrote: »

My next monthly shop is drawing closer and closer, yet the freezer is filling instead of emptying! We do eat 3 times a day but the new grocery budget is working like the amazing, magical, self-filling food store and I don't know how! Tonight I used up some mushrooms, red & green peppers, carrots and onions, tin of tomatoes and the remainder of the tomato puree with half a pound of minced beef, but ended up with 6 portions instead of 3, so 3 have gone into the freezer. I also boiled a pot of (whoopsed) potatoes and have them mashed and into the freezer along with 3 lots of chicken soup.

:rotfl: :rotfl: Nyk I have a freezer just like that, I get mince out and it changes into bolognese sauce, sausages,or chilli, or shepherds pie, then fills the freezer back up again. Same with a chicken, have the meal then freezer fills up with curry, pies etc. You can't beat this streeeetchy food:rotfl: :rotfl:
I did a major shop in January and the freezer is still bulging as everytime i take something out I put more stuff back in. The only difference is that it originally contained joints, chicks, mince and chops etc now it is full of batch cooked meals, soups,stock, and the 12lbs of cod that I got from friend.:o
Soon I will need to stock up on some storecupboard stuff, toms, pulses,yeast,etc but reckon I can do at least another month from freezer if not more as we are eating with the oldies two nights a week:D so that helps the budget.

Thinking of trying some beef in the dehydrator soon but need a recipe for a decent marinade for biltong first.

MarkyMarkD

mini_huny_money wrote: »

Hi again Marky.........and I should probably be asking this on the pensions forum, but now you've got me thinking .....and at this time of night on a Friday....!!!!

If I retire on 2nd Jan 2025.and I die on 3rd Jan 2025 a day after my 65th birthday ..........all my NHS Superann will be gone,!!!!

even though I;ve willed my superann to my next of kin?????? yeah I see the reasoning........Is there any way to protect against this happening??

edited to say....LOL.....insurance to protect your insurance!!!!!!

Well, yes. You could start a term assurance policy on your 65th birthday, say for 10 years, to pay something out to your offspring if you die early. But why should you?

The attitude I think people should have with pensions, is that they exist to keep you in funds whilst you are alive.

It's honestly academic if all the money is "lost" because you die early - you are dead, so it doesn't matter.

But if you live "forever", you will be coining it in, so to speak.

The only way to avoid money being lost if you die early is not to have a pension in the first place.

andromache_2

In a bid to avoid revision, and having the same urge as FrankieM to know exactly where my money was going, I sat down and put all my spending into different categories, which was fairly revealing! This is where it's all gone so far, with 123 days to go out of the 305 I'm budgeting for in total...

Category: Spend Projected further spend
Food: £225.13 £115.00
Going out/entertainment: £287.59 (inc. £104 ball ticket) £125.00 - is it bad that this is more than for food? :rotfl:
Textbooks: £234.25 £0.00
Clothes/underwear/make-up/shoes/accessories: £330.83 - I had NO IDEA I was spending this much on this kind of stuff - it's a very good thing I sat down to add it up because I've looked at my wardrobe and I do not need any more clothes!!! Even if every item is a sales bargain it adds up to an awful lot!!! £0.00 - I am determined!
Essential toiletries: £15.99 £5.00
Hairdressing: £0.00 £26.00 (appointment booked for next week as it's getting verrrry long and unkempt)
Gifts: £210.55 (this includes quite a few gifts bought in the sales for Xmas '08, after my challenge year ends) £5.00
Travel: £207.46 (inc. work travel and LDR) £230.00 (largely for travel to work in September - hopefully it'll be less but I know I'll need to set quite a bit aside)
Societies: £179.30 £30.00
'Housekeeping': £114.40 £10.00
Health: £11.80 £25.00 (gotta go to the dentist)
Coffee, chocolate and biscuits: £27.64 (I thought this deserved a category of its own since if I were healthier in my habits it would be £0.00!) £10.00
Mobile: £78.30 (£15 pcm contract) £105.00
Charity: £4.50 anything left over I guess
Stationery: £45.54 - mostly printer cartridges £25.00
Fines: £25.00 - whoops! £10.00 given my track record!
Bits and bobs: £26.53 £4.19
Total: £2024.81 £725.19

I haven't included any 'catch-up' money in this, but if I do go over my projected budget then I'll be able to cook the books by adding in money I earn working at other balls and a grant from my college to help with the 'societies' spends above though if possible I want to actually keep in budget. It actually looks fairly feasible but I'm sure something will crop up which I hadn't thought of! I guess about £850ish is 'student' or work-related spends (textbooks, societies, stationery, fines and maybe £330 of the travel), which makes me feel *slightly* better in relation to those who are doing this challenge for a whole household, but not much :rotfl:

Anyway. Not much else has been happening recently... I've not been spending much as I've just been sitting at home revising and eating my parents' food though I did get a round in the pub tonight. I'm enjoying reading of everyone's escapades, especially mumzy's giving up smoking - well done, we're all rooting for you

Hope you all have a nice weekend xx

mini_huny_money

MarkyMarkD wrote: »

Well, yes. You could start a term assurance policy on your 65th birthday, say for 10 years, to pay something out to your offspring if you die early. But why should you?

The attitude I think people should have with pensions, is that they exist to keep you in funds whilst you are alive.

It's honestly academic if all the money is "lost" because you die early - you are dead, so it doesn't matter.

But if you live "forever", you will be coining it in, so to speak.

The only way to avoid money being lost if you die early is not to have a pension in the first place.

I know what you're saying, and I'll probly .....hopefully...... still be here doing this challenge in 2025.....though what figure we'll be living on then is anyone's guess

It's just galling .......and my superann , I just glance at it in my payslip....but I really really feel that if I'm not here to enjoy it, that my family should feel the benefit of my contributions........

anyway........nuff about that,

this is goin to be a very tight month for me, only my basic salary for the first time in about 2 years, no overtime , no expenses......but (very quietly for the folks who dont like the breadmaker talk.........savin a fortune on pizza's.....)unbelievably yummy.......will really grudge buying a shop bought pizza ......if I ever buy one again!!!!!