Lease cars and lack of pension provision
Discussion
sidicks said:
zarjaz1991 said:
sidicks said:
Indeed, but not a 'large chunk of your salary'!
Yes it is. You like so many others are demonstrating that you have absolutely no idea what it's like for people on minimum wage or similar.It may be significant for some people, but thats not the same thing!
Get a calculator out and see how you get on with £280 a week before deductions.
You're not this guy are you?
https://johnnyvoid.files.wordpress.com/2016/02/ids...
zarjaz1991 said:
Hair splitting exercise. It's a lot of money to give up out of a minimum wage salary.
Current contributions are 1% from gross salary. That's a net £6.67 per month on a £10k salary.How many of those 'on the breadline' manage to afford to spend more than that a day/week on cigarettes for example?!
Regardless, I did not say the amount might not be significant for some people, I simply said it isn't a large chunk and it clearly isn't!
Edited by sidicks on Sunday 19th February 21:16
sidicks said:
zarjaz1991 said:
Hair splitting exercise. It's a lot of money to give up out of a minimum wage salary.
Current contributions are 1% from gross salary. That's a net £6.67 per month on a £10k salary.How many of those 'on the breadline' manage to afford to spend more than that a day/week on cigarettes for example?!
desolate said:
I am not sure Sidicks has space in his life for empathy.
Trying to distract from the point under discussion? How dull.
I have plenty of empathy, that's why I do a lot to support the poorest in society. However, I fail to see the issue with asking people to make an optional 1% contribution towards saving for their own future, which they can opt out of if they choose.
sidicks said:
Current contributions are 1% from gross salary. That's a net £6.67 per month on a £10k salary.
How many of those 'on the breadline' manage to afford to spend more than that a day/week on cigarettes for example?!
And now tell us 1) what size of fund you would expect an £80 - a - year contribution to grow into over, say, 40 years?How many of those 'on the breadline' manage to afford to spend more than that a day/week on cigarettes for example?!
And - 2) if you're into standup comedy - tell us what, at current rates, that would produce from an enhanced index-linked annuity with a 50% spouses benefit if you die ?
Think I'd stick to the fags rather than THAT waste of time!
t.zarjaz1991
Can you answer the questions please:
Why don't you invest in cash within a pension and benefit from tax free growth and tax relief at source?
Why don't you invest in fixed income bonds to match your retirement date to guarantee a fixed rate of r
eturn tax free and benefit from tax relief at source?
What happens if your pension provider goes bust - you never did explain?
What's complicated about a tax efficient wrapper?
Which pensions were 'raided', as you previously claimed?
Can you answer the questions please:
Why don't you invest in cash within a pension and benefit from tax free growth and tax relief at source?
Why don't you invest in fixed income bonds to match your retirement date to guarantee a fixed rate of r
eturn tax free and benefit from tax relief at source?
What happens if your pension provider goes bust - you never did explain?
What's complicated about a tax efficient wrapper?
Which pensions were 'raided', as you previously claimed?
sidicks said:
zarjaz1991
Can you answer the questions please:
Why don't you invest in cash within a pension and benefit from tax free growth and tax relief at source?
Why don't you invest in fixed income bonds to match your retirement date to guarantee a fixed rate of r
eturn tax free and benefit from tax relief at source?
What funds would I do all this with?Can you answer the questions please:
Why don't you invest in cash within a pension and benefit from tax free growth and tax relief at source?
Why don't you invest in fixed income bonds to match your retirement date to guarantee a fixed rate of r
eturn tax free and benefit from tax relief at source?
sidicks said:
What happens if your pension provider goes bust - you never did explain?
I wanted you to explain that. Because you implied it's perfectly safe, but it isn't, is it?sidicks said:
What's complicated about a tax efficient wrapper?
The rules are extremely complicated, as you must surely realise.sidicks said:
Which pensions were 'raided', as you previously claimed?
Final salary pensions. Gordon Brown, mid 00's. Tax relief changes on dividends. Referred to colloquially as the 'pensions grab' or 'pensions raid'. As a result of that, it's not possible to have any confidence that the way things are currently set out will retain their ((already fairly tenuous) advantages in the long term. Certainly, if they become substantially advantageous, I fully expect the government will raid them.
desolate said:
sidicks said:
drainbrain said:
Sid....PLEASE do the numbers on that £80 a year pension...
(I am literally shaking with mirth. You bloody ARE IDS aren't you?)
Please go away.(I am literally shaking with mirth. You bloody ARE IDS aren't you?)
drainbrain said:
Sid....PLEASE do the numbers on that £80 a year pension...
(I am literally shaking with mirth. You bloody ARE IDS aren't you?)
About. 5k pot or pension of 150 a year. Might seem like chicken feed, but if you''re on the breadline in the future wallowing in your stench of piss & biscuits it might buy a couple of pints at Wetherspoons and out the house for a few hours.(I am literally shaking with mirth. You bloody ARE IDS aren't you?)
Or better your plan smoke it. Hopefully it will kill a few more of the feckless off so my kids aren't having to pay for them.
If we're doing empathy.
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