Pension saving BBC article

Silvertabby

GunJack said:

kempiejon said:

In April 2021, the gap in employee workplace pension participation rates between the public (91%) and private sectors 

Only 91% in the public sector??? Are the 9% deranged somehow? And I say that as a former civil servant who never knew anyone who ever opted out...

You'd be surprised!  

I've listed my 'favourite' reasons for opting out of the LGPS before, but for newbies.....

It's just another Council tax, and if I don't have to pay it I'm not going to.

The money is better off in my pocket than the Council's.

My husband has a good pension, so I don't need this one as well.

The LGPS is a rip off - you are charging me over £100 a month, but Stakeholder pensions are only £20 a month.

There are many more, but you get the gist.  

GunJack

Silvertabby said:

GunJack said:

kempiejon said:

In April 2021, the gap in employee workplace pension participation rates between the public (91%) and private sectors 

Only 91% in the public sector??? Are the 9% deranged somehow? And I say that as a former civil servant who never knew anyone who ever opted out...

You'd be surprised!  

I've listed my 'favourite' reasons for opting out of the LGPS before, but for newbies.....

It's just another Council tax, and if I don't have to pay it I'm not going to.

The money is better off in my pocket than the Council's.

My husband has a good pension, so I don't need this one as well.

The LGPS is a rip off - you are charging me over £100 a month, but Stakeholder pensions are only £20 a month.

There are many more, but you get the gist.  

I remember them well, but they still make me chuckle when you re-post them for others 🙂
It never ceases to amaze me how dumb supposedly intelligent people can be 😉

Albermarle

Silvertabby said:

GunJack said:

kempiejon said:

In April 2021, the gap in employee workplace pension participation rates between the public (91%) and private sectors 

Only 91% in the public sector??? Are the 9% deranged somehow? And I say that as a former civil servant who never knew anyone who ever opted out...

You'd be surprised!  

I've listed my 'favourite' reasons for opting out of the LGPS before, but for newbies.....

It's just another Council tax, and if I don't have to pay it I'm not going to.

The money is better off in my pocket than the Council's.

My husband has a good pension, so I don't need this one as well.

The LGPS is a rip off - you are charging me over £100 a month, but Stakeholder pensions are only £20 a month.

There are many more, but you get the gist.  

How about ' I will use the money to fund a BTL, that will be my pension'