Retirement.

[The Baron]

I hope the government do not extend the proposed 75 to all workers and make special cases for certain sectors of workers. Would not like sex workers to be extended to 75

 

[Chippy_Tea]

Would not like sex workers to be extended to 75

You might when you get to 85

 

[The Baron]

Never thought of that Chippy so 75 for them too

 

[Hazelwood Brewery]

I hope the government do not extend the proposed 75 to all workers and make special cases for certain sectors of workers. Would not like sex workers to be extended to 75

That’s my retirement plan!

 

[eltei]

In my opinion retiring early is all down to saving early. Granted not everyone has the opportunity to save and I appreciate not all companies offer decent pension schemes but even the smallest amount you can afford to invest in AVCs will help you to leave the rat race that little bit earlier. I haven't accrued a massive amount but 60 seems to be a viable age for me to Jack it all in and concentrate on the formulating the brew of my life....probably the best idea in the world.

 

[Mr_S_Jerusalem]

Damn, if it keeps going up by the time I hit retirement I’ll be 90 or something.
I’m only 34 now.

I do think that jobs requiring a certain level of physical aptitude should cap their retirement ages low though. Mainly for the safety of the worker. Fireman was a good example earlier.

also can I just ask out of curiosity, who is the ‘milk snatcher’? And why is she called that?

 

[crowcrow]

I've only just started thinking about retirement with my latest job as it has the first good pension I've had. I'm 40 now so will need a fair few more years until I can. I dream of retiring early - but retiring would mean running a hobby company. But since I've only just started saving and have 27 years left on the mortgage, I have a feeling I'll be working for a while.

 

[St00]

I'm 43, work for the NHS and will likely just work til I die. Savings accounts with low risk are at IRO 2% fixed for two years, which essentially means that the money you save will not be worth anything taking in to consideration cost of living increases, inflation etc.

Corbyn wanted to raise the High Rate of tax to what Thatcher had it at during her time in power and was branded a dangerous lefty. Because he was a man of words and discussion he was branded a dangerous radical. As a result we ended up with a Prime minister who described black people as "Piccaninnies with watermelon smiles". I've never been proud of this country, because but for a twist of fate, I could have been born anywhere. I don't share in the achievements of others, I look to my own. I haven't fought any wars, nor have I started any.

I see the vulnerable on a daily basis, my wife works at a school and my mate is a police officer. The Tories are chipping away at public services with a view to privatisation and it's being ignored by the apathetic electorate. So yes in short I'll likely have to work until I keel over, because people are stupid love island watching bastards with no thought for those less well off than them, they care nothing for the vulnerable and expect everyone to just fend for themselves. I want to win the Euromillions and found my own island utopia.

 

[An Ankoù]

I've only just started thinking about retirement with my latest job as it has the first good pension I've had. I'm 40 now so will need a fair few more years until I can. I dream of retiring early - but retiring would mean running a hobby company. But since I've only just started saving and have 27 years left on the mortgage, I have a feeling I'll be working for a while.

40 was when I started thinking about doing something towards a pension. Managed to get the mortgage out of the way by 59 and retire at 62. Only 3 days left before I officially become a crumbly and draw my OAP. Laughing up my sleeve as they should never give pensions to an immortal. Still can't get used to getting paid for not going out to work, though.

 

[johncrobinson]

Totally agree.!!!
When working in London (cos i got on my bike) On my visits home it REALLY used to get to me how my friends were suffering from unemployment and or low wages.

I paid the price though leaving my family and comunity for money,Now I "belong" nowhere.

 

[Brianbrewed]

Back to retirement age;

One of the reasons why Sinn Fein did so well in the recent elections in the Republic of Ireland was because of their proposal to bring back retirement age to 65.

 

[the_quick]

Hoping to retire at 60 if I pay of my mortgage - it looks likely. Very good public sector worker pension after more than 30 years service (hopefully) should sort me out. Probably will do some part time job, but with minimal responsibility.
I'm a socialist, left wing or what ever you want to call it and I was born in communistic Poland - you can't even begin to call it a socialistic country under USSR regime.
Apparently Portugal is doing quite well - just general information and I don't know the details. I definitely believe that current gov in UK doesn't work for most of UK population

 

[Chippy_Tea]

All off topic posts can be found here - https://www.thehomebrewforum.co.uk/threads/retirement-thatcher.85573/unread

 

[Mrhandsome]

I'm 32 and I can't wait to retire!

Not that I'm lazy, I work too hard for not enough money and I'm not about that rat race life.

I've just started overpaying my mortgage and should hopefully be done within the next 10 years if not earlier. Online mortgage overpayment calculators really put the money you put in into perspective, I just paid off 8k a few weeks back and it's knocked 3 years off and saved me 8k in interest.

Once I'm mortgage free I can reduce my work hours and live life at a much better pace.

 

[The Baron]

I am sure there will be some finance bods on hear and you may already know what I am about to say but when I did this many years ago my bank told me that rather than just pay more per month all that was happening was they were sitting the extra to oneside and knocked it off at the year end they advised me to officially lift my monthly repayment to take into account the extra I was paying as it reduced the interest I was paying. That was years ago and I am sure people are savvier than I was and banks really have a duty to advise you if you are paying more than your registered amount. I think you will have looked into this and it may not concern you

 

[Leon103]

I'm 32 and I can't wait to retire!

Not that I'm lazy, I work too hard for not enough money and I'm not about that rat race life.

I've just started overpaying my mortgage and should hopefully be done within the next 10 years if not earlier. Online mortgage overpayment calculators really put the money you put in into perspective, I just paid off 8k a few weeks back and it's knocked 3 years off and saved me 8k in interest.

Once I'm mortgage free I can reduce my work hours and live life at a much better pace.

Unless your wife wants a bigger, more expensive house, or multiple properties. Speaking from experience.

 

[Mrhandsome]

I am sure there will be some finance bods on hear and you may already know what I am about to say but when I did this many years ago my bank told me that rather than just pay more per month all that was happening was they were sitting the extra to oneside and knocked it off at the year end they advised me to officially lift my monthly repayment to take into account the extra I was paying as it reduced the interest I was paying. That was years ago and I am sure people are savvier than I was and banks really have a duty to advise you if you are paying more than your registered amount. I think you will have looked into this and it may not concern you

Good advice for others for sure. I rang the bank to sort it out before I made any repayments

And of course she wants a bigger house @Leon103

That's what wives are for right?

 

[Dutto]

When I was working, I used to drive past the offices of two of the major UK Pension Fund management organisations on my way south from Aberdeen (at Perth and at Stirling). During the daytime, the car parks of both organisations were filled with modern cars and at night one could peer in through the lighted windows to see the various offices, gymnasiums, swimming pools etc with which their employees disported themselves.

I decided to manage my own money!

In the meantime, a colleague of mine decided that he was much better ploughing all of his excess cash into a Pension Fund and as a result, he retired a couple of years before myself. On the very day I decided to retire (I was actually removing some money from my bank at the time) I happened to meet up with him outside the bank. Apparently, the £4,000 per month pension that he had been promised by Equitable Life was now down to less than £500 per month and he was back at work because he had insufficient money to live on!

After 17 years of retirement, I still give thanks to the Lord for my good fortune.

 

[pms67]

When I was working, I used to drive past the offices of two of the major UK Pension Fund management organisations on my way south from Aberdeen (at Perth and at Stirling). During the daytime, the car parks of both organisations were filled with modern cars and at night one could peer in through the lighted windows to see the various offices, gymnasiums, swimming pools etc with which their employees disported themselves.

I decided to manage my own money!

In the meantime, a colleague of mine decided that he was much better ploughing all of his excess cash into a Pension Fund and as a result, he retired a couple of years before myself. On the very day I decided to retire (I was actually removing some money from my bank at the time) I happened to meet up with him outside the bank. Apparently, the £4,000 per month pension that he had been promised by Equitable Life was now down to less than £500 per month and he was back at work because he had insufficient money to live on!

After 17 years of retirement, I still give thanks to the Lord for my good fortune.

I work 2 mins from that Dutto (Prudential)
They are offering 2 1/2 days a week free childcare for any employees, this pauper noticed it on the the way to Lakeland/Dobbies to look for any homebrew bargains (long since gone)

 

[samale]

I work 2 mins from that Dutto (Prudential)
They are offering 2 1/2 days a week free childcare for any employees, this pauper noticed it on the the way to Lakeland/Dobbies to look for any homebrew bargains (long since gone)

That's a good offer on childcare