Starmer

[Niigata Jack]

Yup, 55p for a dingie here too. All six of us had them. We’d be called scroungers these days.

Did you used to have a bottle of milk in those distant days, I remember having milk being a poor old Manselton boy, I had two paper rounds as well so we could by dripping to put on our bread!

 

[Cooperman]

You're taxed on what you earn to put into a pension fund and you're taxed again on your pension when the time comes for you draw it.
Taxed to death us minions while multimillionaires and big business use their clever team of "accountants" to skip around the taxman, we all know it happens.

You’re not taxed on it through a salary exchange route. Then when you take it out, you can get 25% lump sum which is free from tax. The more you put in, the less tax you pay and the bigger the tax free lumper.

There’s a lot more that can be done on helping people understand what options are available to them.

 

[exiledclaseboy]

And as far as I know the government hasn’t announced any new taxes on pensions so far.

 

[Niigata Jack]

And as far as I know the government hasn’t announced any new taxes on pensions so far.

Well the rumours are there and no one in government is denying them.

 

[exiledclaseboy]

Well the rumours are there and no one in government is denying them.

We’ll see. But very often governments let rumours circulate so that when announcements are made people think “oh that wasn’t as bad as they said it would be”. Although at the risk of being unpopular, a lot of today’s pensioners can afford to contribute a bit more. A lot very much can’t afford to of course. But they won’t be expected to.

 

[Niigata Jack]

You’re not taxed on it through a salary exchange route. Then when you take it out, you can get 25% lump sum which is free from tax. The more you put in, the less tax you pay and the bigger the tax free lumper.

There’s a lot more that can be done on helping people understand what options are available to them.

I just pay into a pension, I don't really understand most of it, I need to have a catchup with my pension bod, they send me information a couple of times a week by email, rightly or wrongly I pay little attention to most it, cause I don't understand a lot of their jargon.

 

[Niigata Jack]

We’ll see. But very often governments let rumours circulate so that when announcements are made people think “oh that wasn’t as bad as they said it would be”. Although at the risk of being unpopular, a lot of today’s pensioners can afford to contribute a bit more. A lot very much can’t afford to of course. But they won’t be expected to.

I won't be one of those unfortunately, I've never been a saver to be honest, Im better ish these days, but if I had a pound in my pocket I'd spend it.

Also Epaul fleeces me when we meet for a few light ales

 

[monmouth]

Not keen on the term “bettered themselves” mind. I know what you’re trying to say but no amount of cash when we were kids would have made me “better”.

Now that’s a whole thread in itself. It’s so true, ‘better’ equated with money or social status rather than love and community.

Give me Caereithin and my mam and Pontins over a nanny, boarding school and posh foreign holidays any day. Ok the last one is arguable, but I loved pontins.

 

[Smurph]

Now that’s a whole thread in itself. It’s so true, ‘better’ equated with money or social status rather than love and community.

Give me Caereithin and my mam and Pontins over a nanny, boarding school and posh foreign holidays any day. Ok the last one is arguable, but I loved pontins.

Never understood why people have children to send them to boarding school.

 

[Niigata Jack]

Never understood why people have children to send them to boarding school.

My lad worked away for over 3yrs and I made sure he phoned us every day, he's 31 now and when he goes away with work or up to the smoke to meet up with former colleagues he phones us.
He'll always be my little lad, must come from my mothers genes, she broke her heart when I got married and moved out, Dad put the flags out

 

[Cooperman]

I just pay into a pension, I don't really understand most of it, I need to have a catchup with my pension bod, they send me information a couple of times a week by email, rightly or wrongly I pay little attention to most it, cause I don't understand a lot of their jargon.

It’s never really too late, Max.

But there lies the problem and my point, folk don’t understand the jargon, and that’s because it could be written a lot simpler.

Go and have a chat with your adviser, I would strongly recommend it. Then, if you want to ask me what you think is a silly question, do so. I guarantee it won’t be a silly question.

 

[Smurph]

My lad worked away for over 3yrs and I made sure he phoned us every day, he's 31 now and when he goes away with work or up to the smoke to meet up with former colleagues he phones us.
He'll always be my little lad, must come from my mothers genes, she broke her heart when I got married and moved out, Dad put the flags out

It would break my heart not seeing them in the morning or when getting home from work.

 

[Cooperman]

It would break my heart not seeing them in the morning or when getting home from work.

When my son left for uni I thought I would be the tough guy and it would be the females of the house who were pining for him.

I could not have been more wrong. They were out pampering themselves, going to spa days and the like, and it was me being the grumpy one asking him to find five minutes to phone me

 

[Smurph]

When my son left for uni I thought I would be the tough guy and it would be the females of the house who were pining for him.

I could not have been more wrong. They were out pampering themselves, going to spa days and the like, and it was me being the grumpy one asking him to find five minutes to phone me

I know the feeling.

It's funny how we turn in to blithering wrecks as we get older

They'll understand when they have kids of their own.

 

[Neath_Jack]

You’re not taxed on it through a salary exchange route. Then when you take it out, you can get 25% lump sum which is free from tax. The more you put in, the less tax you pay and the bigger the tax free lumper.

There’s a lot more that can be done on helping people understand what options are available to them.

It’s called salary sacrifice with us, sounds like the same thing. I don’t understand pensions to be honest and it’s criminal that they don’t teach it in great detail in schools.