Pensions and the budget.

[herewego]

sidicks said:

audidoody said:

I received a letter last April notifying me my £220,000 pension fund is on target to pay £9,000 gross a year. Which is odd, as the nice man who sold it to me in 1995 said I could be guaranteed at least 10 per cent a year of the fund. Let the good times roll.

And remind me what interest rates where when you bought the pension and what they are now.

Oh and what about life expectancy....??

Or inflation?

When I started paying into a pension nobody told me that if I had a healthy lifestyle my pension would be reduced to allow enhanced payments to smokers.

[FiF]

herewego said:

When I started paying into a pension nobody told me that if I had a healthy lifestyle my pension would be reduced to allow enhanced payments to smokers.

And the statistics of life expectancy say that the two pensions will be paid for different durations.