Originally Posted by 19Nick68:
“I may have got it wrong but I read the £30k as being the value of two defined contribution schemes, not an annual pension under a defined benefit scheme.”
“I may have got it wrong but I read the £30k as being the value of two defined contribution schemes, not an annual pension under a defined benefit scheme.”
Indeed. That's why I said it's worth bugger all as a monthly annuity would be nowt.
Originally Posted by blueblade:
“Well I did wonder that, but it doesn't seem much for £40 per month.”
“Well I did wonder that, but it doesn't seem much for £40 per month.”
Combined with my employer it's about £80 a month. I have worked there eleven years and it rises annually. The £10k one is with a previous employer and I didn't pay into it.
Originally Posted by ajman:
“£40 a month won't get you much back. I have had a work pension for about five years since I was about 35 and including employer's contributions currently pay in about £500 a month. At current rates I probably won't get much over £500 a month when I retire.”
“£40 a month won't get you much back. I have had a work pension for about five years since I was about 35 and including employer's contributions currently pay in about £500 a month. At current rates I probably won't get much over £500 a month when I retire.”
It's not good is it. I'm just hoping that when I retire with state pension and no mortgage to pay I might be able to eat twice a week



