Because of the many recessions over the last 20 years, investments collapsing plus bailing out the banks the value of the £ dropped like a stone. Earnings were down due to pay freezes cuts in overtime and then there was staff reduction, leading to more work for the remaining staff. The employer’s contribution to workplace pensions was also reduced along the way, so adding all the above together, my work pension was around half of what it was originally forecast.
And this is true I’m sure for everyone’s work pension
UK Pensions are worst in the world
Moderators: inspector, Dragonrider, jay, thecaretaker
- Keyolder
- Registered Member
- Posts: 5498
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- Job Status: Retired Site Manager
- Gender: Male
Nov 2023
29
13:39
Re: UK Pensions are worst in the world
I don't suffer from insanity, I enjoy every minute of it...
If you don't know where you are going, any road will get you there.
- JeffW
- Registered Member
- Posts: 30
- Joined: 18th Sep 2023 at 9:34am
Nov 2023
29
14:59
Re: UK Pensions are worst in the world
I just had a Google on the subject.
Holland's state pension seems to be 1000 euro's a month, and our state pension is (or will soon be) £221.20 a week.
Personally I wouldn't take too much notice of those left wing facebook memes.
Holland's state pension seems to be 1000 euro's a month, and our state pension is (or will soon be) £221.20 a week.
Personally I wouldn't take too much notice of those left wing facebook memes.
- magpie
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- Job Status: Retired Site Manager
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Nov 2023
29
18:25
Re: UK Pensions are worst in the world
I think that it is well worth doing a check to see if you were contracted out, i was totally unaware that i had been like that but contacted the National Insurance people and paid a bit extra so that when i do get my state pension in about 16 months time, i will only be £1.94 a week short of a full pension
You are only as young as your knees let you feel.
- hawkwind
- Registered Member
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- Joined: 10th Dec 2007 at 11:23am
Dec 2023
02
15:59
Re: UK Pensions are worst in the world
I was contracted out but I don't know for how many years exactly, it was around 1993 but after 3 years I was quite ill and I was on incapacity benefit for 6 year's before getting back into work.
My pension forecast is for the full amount but I'm a bit sceptical about just how accurate that is.
My pension forecast is for the full amount but I'm a bit sceptical about just how accurate that is.
They can't fire me. Slaves have to be sold.