Andydee Posted March 28, 2015 Share Posted March 28, 2015 All our kids are agreed with us that their grandparents should spend their money enjoying themselves in their twilight years. Quote Link to comment Share on other sites More sharing options...
HR Posted March 28, 2015 Share Posted March 28, 2015 (edited) Its a shame and so many old folk will always look for the good in their family members not wishing to think bad of them. I'd like to think it would affect peoples conscience being so callous but they probably don't have a conscience. And yes, get it spent, get a tattoo and a flashy car and be stupid, that's what I would like my family members to do. My uncle in Australia has bought a Harley and has had his ear pierced in his 70's, he doesn't take himself or much seriously, fair play. Edited March 28, 2015 by HR Quote Link to comment Share on other sites More sharing options...
Site Supporter barryk32 Posted March 28, 2015 Site Supporter Share Posted March 28, 2015 you're parents aren't daft though, are they? I didn't think so...... However. He's been with his Mrs and 7 I think kids (I shit you not and obviously at every other fuckers expense) for the same period, 15 or so years. They have come out and said how much they would like everyone present at their wedding, only they haven't any money. They have never mentioned anything of the sort in the past. Getting married in July and I'm assuming their numbers haven't come up. Quote Link to comment Share on other sites More sharing options...
H Posted March 28, 2015 Share Posted March 28, 2015 My mother-in-law saved a tidy sum for her old age but we'll not see any of it as it's being decimated by care costs. Quote Link to comment Share on other sites More sharing options...
stevieb Posted March 28, 2015 Share Posted March 28, 2015 My mother-in-law saved a tidy sum for her old age but we'll not see any of it as it's being decimated by care costs. And that's the crux of it, and why my dad wants to spunk it away. £600 a week for shit care the Mrs grandma was paying. When she popped it a few months back there was only 30k equity left in her house after paying for the care. I can definitely see why people are planning to do it! Quote Link to comment Share on other sites More sharing options...
Salford Trotter Posted March 28, 2015 Share Posted March 28, 2015 And that's the crux of it, and why my dad wants to spunk it away. £600 a week for shit care the Mrs grandma was paying. When she popped it a few months back there was only 30k equity left in her house after paying for the care. I can definitely see why people are planning to do it! with the right advice there are ways around it but it does involve an element of trust which often families dont have Quote Link to comment Share on other sites More sharing options...
stevieb Posted March 28, 2015 Share Posted March 28, 2015 with the right advice there are ways around it but it does involve an element of trust which often families dont have Aye, and plenty of time where the owner is of sound mind which in this case they didn't have. Quote Link to comment Share on other sites More sharing options...
Juan.Kerr Posted March 29, 2015 Share Posted March 29, 2015 I'm 61 this year,and Sra. Kerr will be 66. We rent our house, and are skint. I have three pensions from various employers, one of which pays me just £32 per month and there is about 15 grand in the pot. If I can get this paid up, I will. I can do more with a net 12 grand than I can with £32 per month. At our ages, how long is long term planning ? Quote Link to comment Share on other sites More sharing options...
Traf Posted March 29, 2015 Share Posted March 29, 2015 I'm 61 this year,and Sra. Kerr will be 66. We rent our house, and are skint. I have three pensions from various employers, one of which pays me just £32 per month and there is about 15 grand in the pot. If I can get this paid up, I will. I can do more with a net 12 grand than I can with £32 per month. At our ages, how long is long term planning ? As you're likely to be dead before 2046, you're better off with the cash Quote Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted March 30, 2015 Site Supporter Share Posted March 30, 2015 What a marvellous bedside manner you have Dr. Trafford. Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted March 30, 2015 Share Posted March 30, 2015 I'm 61 this year,and Sra. Kerr will be 66. We rent our house, and are skint. I have three pensions from various employers, one of which pays me just £32 per month and there is about 15 grand in the pot. If I can get this paid up, I will. I can do more with a net 12 grand than I can with £32 per month. At our ages, how long is long term planning ? The new rules come in next week. They were a bolt from the blue and many pension schemes and annuity providers are not ready for the change. New products will be being devised currently. It may be that a new product will suit you, but hasty action will eliminate that possibility. Wait until later in the year and decide what to do at the year end, not now. Do not rely solely on what you may read in the press; in the 70s the press were all saying buy from one of the tree companies which do not pay commission, namely Equitable Life, London Life and UK Provident. Equitable made a virtue of not holding profits back in reserves, so when the rainy day came they sunk. The only surprise to me as that they survived for over 200 years. These days the waters are very choppy so they had no chance. The other two made disastrous investment decisions and now operate as poor closed funds, having been taken over in distress. Quote Link to comment Share on other sites More sharing options...
Juan.Kerr Posted April 6, 2015 Share Posted April 6, 2015 Thanks Malc, and to a lesser, but more direct extent Traf. I will consider your advice. Quote Link to comment Share on other sites More sharing options...
Traf Posted April 6, 2015 Share Posted April 6, 2015 I didn't mean to be blunt, but actually fuck that, yes I did! Get it and spend it, mate. Quote Link to comment Share on other sites More sharing options...
Juan.Kerr Posted April 6, 2015 Share Posted April 6, 2015 Even more top notch advice. That's why I come on here. Quote Link to comment Share on other sites More sharing options...
Salford Trotter Posted April 6, 2015 Share Posted April 6, 2015 There is so much coverage on this topic and much of it is conflicting. The bottom line is if you decide to cash in your pension for the intention of making it work harder for you then good luck, that is exactly what the government want you to do. I had the opportunity to take my pension 15 years early at 50 and did so with the intention of investing the lump sum in property along with money we had saved up. We now have a property portfolio that delivers on average an 8% return which is so much better than the banks could offer. If you decide to cash in with the intention of spunking the lot on fast cars and loose women fair play too ..you only live once after all Quote Link to comment Share on other sites More sharing options...
Guest Posted April 7, 2015 Share Posted April 7, 2015 Great to hear some civil servant moaning yesterday about not being able to get his hands on "his money" Quote Link to comment Share on other sites More sharing options...
Moderators Horwich Posted April 7, 2015 Moderators Share Posted April 7, 2015 Whos money is it?? Quote Link to comment Share on other sites More sharing options...
Guest Posted April 7, 2015 Share Posted April 7, 2015 Whos money is it?? They are unfunded, so backed by no money. Quote Link to comment Share on other sites More sharing options...
Big City Girl Posted April 7, 2015 Share Posted April 7, 2015 I saw something on FB this week about an elderly woman spending hers to live on Cruise Ships. Probably bullshit, but does get you thinking. My Nan was in a Care Home before she died and I would hope she felt happy, in her own way. What terrifies me, is getting old and not remembering the good times. If you can't, at least you'd hope you'd think that things could be worse. Clean bedding, good food, smiley faces... Quote Link to comment Share on other sites More sharing options...
little whitt Posted April 7, 2015 Share Posted April 7, 2015 I saw something on FB this week about an elderly woman spending hers to live on Cruise Ships. Probably bullshit, but does get you thinking. My Nan was in a Care Home before she died and I would hope she felt happy, in her own way. What terrifies me, is getting old and not remembering the good times. If you can't, at least you'd hope you'd think that things could be worse. Clean bedding, good food, smiley faces... Smiley Faces is that what they feed them thought only NB eat them Quote Link to comment Share on other sites More sharing options...
Site Supporter victor meldrew Posted April 7, 2015 Site Supporter Share Posted April 7, 2015 I saw something on FB this week about an elderly woman spending hers to live on Cruise Ships. Probably bullshit, but does get you thinking. My Nan was in a Care Home before she died and I would hope she felt happy, in her own way. What terrifies me, is getting old and not remembering the good times. If you can't, at least you'd hope you'd think that things could be worse. Clean bedding, good food, smiley faces... it's true, a wealthy american woman ,who loved going on cruises with her husband. he died , she carries on. don't blame her Quote Link to comment Share on other sites More sharing options...
no balls Posted April 7, 2015 Share Posted April 7, 2015 Smiley Faces is that what they feed them thought only NB eat them No, that's potato waffles, you daft dwarf! Quote Link to comment Share on other sites More sharing options...
stevieb Posted April 7, 2015 Share Posted April 7, 2015 No, that's potato waffles, you daft dwarf! I bet you went through some Smiley faces back int day! ACEEEED Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted January 20, 2016 Share Posted January 20, 2016 I see Osborne is looking to fuck the middle yet again Tax relief on pensions to be given a flat rate of anywhere between 20% - 30% Good for some but further bad news for middle income http://www.independent.co.uk/news/uk/politics/george-osborne-faces-tory-backbench-revolt-over-6bn-stealth-raid-on-rich-pensioners-a6822006.html He really is a tedious bastard An alternative to the Tories is desperately required to stop them just doing as they please Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted January 20, 2016 Moderators Share Posted January 20, 2016 I'm fucked it I know why you'd get 40% tax relief anyway. Quote Link to comment Share on other sites More sharing options...
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