No Pension - 25, Gov looking to increase SPA to 75 HELP!!
Discussion
The mother has always been kicking me to get involved with a private pension or switch to a job where you can pay into a pension but my self employed job gives me the flexibility to essentially be my own boss whilst earning a good pay packet..
But having come across this article where they looking to increase the state pension age to 75 has really got me sitting up and take note in sorting out a pension as there's no way in hell I want to be working come 55 personally unless on my own choice for pocket money!
https://www.mirror.co.uk/news/politics/tories-rais...
The general consensus seems to be that come the next 20-40 years there won't be any state pension anyway.. hence the Gov pushing work based pensions where you pay in any amount or a certain amount and they your employer matches it or doubles it, is that right? State pension is something I have never planned on relying on anyway.
My question is I'm 25, my N.I contributions over the last 6/7 years have been little to virtually NOTHING, I am obviously way behind, I want to get into a private pension that isn't a scam or should I say, be worthless where come 50 I can draw on, I can put in 300 quid a month quite easily.
Has anyone got any pointers for VERY GOOD private pension where I can pay in and come 25/30 years time will be worth a good amount with atleast £300 P/M going into for the next 25-30 years.. where come 50/55 I can draw on.
The fear of paying all this money into a private pension for all these years and then find it's worth absolutely nothing when I want to claim is what holding me back.
Thank you.
But having come across this article where they looking to increase the state pension age to 75 has really got me sitting up and take note in sorting out a pension as there's no way in hell I want to be working come 55 personally unless on my own choice for pocket money!
https://www.mirror.co.uk/news/politics/tories-rais...
The general consensus seems to be that come the next 20-40 years there won't be any state pension anyway.. hence the Gov pushing work based pensions where you pay in any amount or a certain amount and they your employer matches it or doubles it, is that right? State pension is something I have never planned on relying on anyway.
My question is I'm 25, my N.I contributions over the last 6/7 years have been little to virtually NOTHING, I am obviously way behind, I want to get into a private pension that isn't a scam or should I say, be worthless where come 50 I can draw on, I can put in 300 quid a month quite easily.
Has anyone got any pointers for VERY GOOD private pension where I can pay in and come 25/30 years time will be worth a good amount with atleast £300 P/M going into for the next 25-30 years.. where come 50/55 I can draw on.
The fear of paying all this money into a private pension for all these years and then find it's worth absolutely nothing when I want to claim is what holding me back.
Thank you.
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