That’s exactly the problem mate. The gravy will be well drank by the time you retire
2 Likes
1 Like
nah, the politicians pensions come from the same scheme. theyll look after themselves, and by extension me
one dreads to think what sort of payments would have to be made into private fund to equate to the same type of payout…
I didnt have plans for my 70s anyway…
The robots will be paying our pension by then hopefully
1 Like
Isn’t the rough rule of thumb, 20 times the annual payment plus obviously the one-off. Based upon that, Art’s pension would require a pot of €830k or so. In reality, as he points out with increments and pensions the likely pot will be well over €1 million
Who wants to throw him into the Liffey with cinder blocks attached?
dont hate the player, hate the game.
2 Likes
Pot in the UK now capped at a million.
Thats only valid for people who joined the PS before Jan 2013.**
Anyone joining after this date is signed up to the SPSPS Scheme wihich is administered by DPER
Its a seriously watered down version of the old pension. Still better then most private pensions mind you.
** Except for Army and Police (they are on fast accrual pensions as they retire early)
Most of ye be divorced and living in an apartment and not having a pot to piss in
3 Likes
i hate both
1 Like
State of linkedin effort here Art.
What age will you be in 20 years?
1 Like
You pay a punitive rate of tax on your pension pot here if it goes above 2m.
1 million here and falling.
Any lad with a bit of land needs to be just tipping away between 9 and 5. There’s enough stress at the farm gate before you add in the day job.
2 Likes
Tis true. No alarms and no surprises.
1 Like
They don’t want to pay pensions to anyone and they tax the shit out of anyone who puts a bit by for their pension
4 Likes
It seems very counter productive to punishing people with private pensions when there is a looming public pension black hole.
That it is. Worse, they keep changing the rules mid stream.