New Posts For Thread: Auto Enrolment Pensions - Be Awarehttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-awareFor those of you that are in a company 'auto-enrolment' pension (if any of you actually work that is) be advised that from April the contributions will be increasing quite heavily.Currently the contributions are 5% of which 2% is paid by the employerwithout 6% isa,s from 30 years ago ,high interest rates,and the cycle of recessions ,down turns,events such as Brexit etc,whatever the guru,s tell you getting 200,grand in a stocks invrested pension is a mammoth taskhttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556687323#556687323without 6% isa,s from 30 years ago ,high interest rates,and the cycle of recessions ,down turns,events such as Brexit etc,whatever the guru,s tell you getting 200,grand in a stocks invrested pension is a mammoth taskThu, 21 Feb 2019 05:11:31 -0600nowt new talk of the work place 30 years ago ,you either want nothing or a huge pot anything in between ,eventually you,ll be no better off, need 200 grand plus to get 800 a month, eventually anything less and you,ll be paying for your own state penshttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556687309#556687309nowt new talk of the work place 30 years ago ,you either want nothing or a huge pot anything in between ,eventually you,ll be no better off, need 200 grand plus to get 800 a month, eventually anything less and you,ll be paying for your own state pensThu, 21 Feb 2019 05:07:52 -0600There will come a time when the state pension is means tested. Everyone needs, say, £170/week to survive, got no other pensions then your state pension will be £170/week, got another pension of £80/week your state pension will drop to £90/week, ghttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556686831#556686831There will come a time when the state pension is means tested. Everyone needs, say, £170/week to survive, got no other pensions then your state pension will be £170/week, got another pension of £80/week your state pension will drop to £90/week, gThu, 21 Feb 2019 02:11:52 -0600An auto enrolement pension will be a private pension. Ahh others explain this all above.I like pensions. Especially if you are higher rate tax payer, there are a no brainer.https://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556680123#556680123An auto enrolement pension will be a private pension. Ahh others explain this all above.I like pensions. Especially if you are higher rate tax payer, there are a no brainer.Wed, 20 Feb 2019 06:15:52 -0600Suck it up is my advice. Bank the extra employer contributions , and the tax relief . Thank me when the pot matures.https://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556678951#556678951Suck it up is my advice. Bank the extra employer contributions , and the tax relief . Thank me when the pot matures.Wed, 20 Feb 2019 01:11:33 -0600You can draw a private pension at 55 today, but there is talk that this will rise to 57 soon. Youngsters need to pay into this but they probably won't; it is all about today, just as it was when most of us were young.https://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556676335#556676335You can draw a private pension at 55 today, but there is talk that this will rise to 57 soon. Youngsters need to pay into this but they probably won't; it is all about today, just as it was when most of us were young.Tue, 19 Feb 2019 13:45:10 -0600If you are used to living off £24k you'll probably need to stick more than that in your pensionhttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556676213#556676213If you are used to living off £24k you'll probably need to stick more than that in your pensionTue, 19 Feb 2019 13:33:34 -0600Hamsterdam • February 19, 2019 5:52 PM GMTThis will cause people to get rid imo especially as there is no guarantee of what the pension age will be when many young people retire.This has nothing to do with the state pension. There was some debatehttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556675685#556675685Hamsterdam • February 19, 2019 5:52 PM GMTThis will cause people to get rid imo especially as there is no guarantee of what the pension age will be when many young people retire.This has nothing to do with the state pension. There was some debateTue, 19 Feb 2019 12:20:01 -0600This will cause people to get rid imo especially as there is no guarantee of what the pension age will be when many young people retire. If you are settled and in late 30's/40's/50's then maybe keep it on but for younger people I can see why they wouhttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556675505#556675505This will cause people to get rid imo especially as there is no guarantee of what the pension age will be when many young people retire. If you are settled and in late 30's/40's/50's then maybe keep it on but for younger people I can see why they wouTue, 19 Feb 2019 11:52:07 -0600For those of you that are in a company 'auto-enrolment' pension (if any of you actually work that is) be advised that from April the contributions will be increasing quite heavily.Currently the contributions are 5% of which 2% is paid by the employerhttps://community.betfair.com/chit_chat/go/thread/view/94038/31507615/auto-enrolment-pensions---be-aware?post_id=556674019#556674019For those of you that are in a company 'auto-enrolment' pension (if any of you actually work that is) be advised that from April the contributions will be increasing quite heavily.Currently the contributions are 5% of which 2% is paid by the employerTue, 19 Feb 2019 06:12:29 -0600