Before The Media Spin Starts!!

[Caravan Monster 323]

** for any agency staff, small business owners or self employed reading this thread who haven't heard the terminology before, a salary or wage is a payment that arrives in your bank account on a regular time scale throughout the year so long as you turn up for work most of the time (sick pay, holiday pay, bank holidays, 'working' from home may be exceptions). A public sector pension is an investment underwritten by the taxpayer where you are guaranteed to get back the money invested plus a profit even if the fund makes a loss.

 

Maybe we are seeing a dawning reality that an economy which appears to be able to generate wealth out of nothing, whether in ever increasing pay, pensions and financial products, even house prices, is just a form of borrowing from the future. A debt which we may see come due for payment in the next few years. IMO time to think about the big picture, and instead of letting issues like this divide and conquer the population, stop relying on the government promises and financial institutions for our futures and take back responsibility for ourselves and create a more sustainable economy.

[ChrisJones 7,973]

The focus should be on the people screwing the pensions. Not those being screwed.

 

Firefighters aren't helping themselves by going on strike. It isn't going to benefit them, as they're still going to have to have their pensions raided. Striking is just going to piss off the general public, and make them look like spoiled children. If the FBU aren't working out, f**k them off and find someone that will.

 

Whatever job you work. If you're only in it for the money, and the money isn't what you want, then it's time to move on. The only firefighters I know, personally, cut drunk drivers out of car wrecks, and do it for $15US a call out. They volunteer as a public service. No pension, no salary.

 

I appreciate the job that firefighters do, I really do, but at a time when wages are in record decline they've picked the wrong time cry foul and rub their pensions in my face. I don't have one, (pension, not face)

 

Bottom line. No one is conscripted. Whatever you do either suck it up and get on with it. Or do something else.

[twobob 1,459]

 

Wish i earned 34k! The starting salary for a trainee firefighter is £21,157. When full competence is achieved, this rises to £28,199.

Pay for a trainee infantry soldier is 275 per week.... before tax! ....

 

6 months.... of being treated like a piece of shiit.... ..

 

For about 650 a month...... after tax.....

 

are they forced to join up?

[B.P.R 2,798]

 

 

Wish i earned 34k! The starting salary for a trainee firefighter is £21,157. When full competence is achieved, this rises to £28,199.

 

Pay for a trainee infantry soldier is 275 per week.... before tax! ....

6 months.... of being treated like a piece of shiit.... ..

For about 650 a month...... after tax.....

are they forced to join up?

Are the fire service?

[twobob 1,459]

you keep banging on about no one forced him in to the job was just pointing out no one is forced to join the army either

[B.P.R 2,798]

you keep banging on about no one forced him in to the job was just pointing out no one is forced to join the army either

 

Think your getting me mixed up mate...

 

Ive not mentioned the 'nobody forces you' ....

 

[twobob 1,459]

thats what you get with doing 3 things at once

[danw 1,748]

I wonder how many folks on this thread have needed the fire service it's funny but after youve watched them cut your wife and kids from a car you get a new found respect for them and all the emergency services personally I don't think any off them are paid nearly enough

[paulus 26]

The economy of this country is changing, it has too, the actions of the past have shaped its future and that future is unstoppable, final salary pensions etc are no longer affordable, these change will start at the bottom of society and eventually make its way up through society, yes it will be fought tooth and nail by each echelon of society as it moves up the social scale with each shafting the level down in an attempt to keep their goose that lays the golden egg,

[Nik_B 3,790]

The economy of this country is changing, it has too, the actions of the past have shaped its future and that future is unstoppable, final salary pensions etc are no longer affordable, these change will start at the bottom of society and eventually make its way up through society, yes it will be fought tooth and nail by each echelon of society as it moves up the social scale with each shafting the level down in an attempt to keep their goose that lays the golden egg,

 

If young people had it drummed into them to start a pension from a fairly early age it would be a good start but of course the minute anyone who has a bit of wealth says this the bleeding heart socialists will be out crying.

 

Start off with £1000 and contribute £100 per month with a fairly low return rate of 5% and by the time you get to 65 you'd have a reasonable £212,000 in your pension pot. Make it 150 a month and you'd end up with over £300,000.

[paulus 26]

 

The economy of this country is changing, it has too, the actions of the past have shaped its future and that future is unstoppable, final salary pensions etc are no longer affordable, these change will start at the bottom of society and eventually make its way up through society, yes it will be fought tooth and nail by each echelon of society as it moves up the social scale with each shafting the level down in an attempt to keep their goose that lays the golden egg,

 

If young people had it drummed into them to start a pension from a fairly early age it would be a good start but of course the minute anyone who has a bit of wealth says this the bleeding heart socialists will be out crying.

 

Start off with £1000 and contribute £100 per month with a fairly low return rate of 5% and by the time you get to 65 you'd have a reasonable £212,000 in your pension pot. Make it 150 a month and you'd end up with over £300,000.

 

even if you had the 300 k and only lived until 85 thats still only 288 a week, adjust that for inflation and other factors and you will still struggle to live never mind be comfortable

[Nik_B 3,790]

Well you can also draw down at the same time, while the fund gets smaller it still is accruing interest from the investment slowing the rate it diminishes, but yes you are partly right and this is why younger people need to put a little thought in to pensions. Also you will have your state pension which will be around 140 a week. Don't forget if you can live on the interest only then you've got the whole thing to leave to your kids.

 

Too many people (like myself) only start to think about it when they get older, then there is less years for the investment to accrue and the contributions have to be much bigger.

 

If I told you what I was putting in to mine you'd probably fall off your chair, I had no pension up to two years ago

 

Also as a side note when you get closer to the age where you might need care or go in to a home there is no point in having money in your name because the bloody council will steal it all off you by charging you for the care, they take it after you die if you have more than a certain amount of assets.

 

I certainly wouldn't touch an annuity though, it seems like a massive con.

[paulus 26]

Well you can also draw down at the same time, while the fund gets smaller it still is accruing interest from the investment slowing the rate it diminishes, but yes you are partly right and this is why younger people need to put a little thought in to pensions. Also you will have your state pension which will be around 140 a week. Don't forget if you can live on the interest only then you've got the whole thing to leave to your kids.

 

Too many people (like myself) only start to think about it when they get older, then there is less years for the investment to accrue and the contributions have to be much bigger.

 

If I told you what I was putting in to mine you'd probably fall off your chair, I had no pension up to two years ago

 

Also as a side note when you get closer to the age where you might need care or go in to a home there is no point in having money in your name because the bloody council will steal it all off you by charging you for the care, they take it after you die if you have more than a certain amount of assets.

 

I certainly wouldn't touch an annuity though, it seems like a massive con.

euthanasia at 70 would be best

[alun1960 234]

Do you reckon that this thread hasn't quiet gone the way the OP wanted it to ?

Yes Wilf it has!! Got people thinking and talking on here about it before spin starts!

[Nik_B 3,790]

 

Well you can also draw down at the same time, while the fund gets smaller it still is accruing interest from the investment slowing the rate it diminishes, but yes you are partly right and this is why younger people need to put a little thought in to pensions. Also you will have your state pension which will be around 140 a week. Don't forget if you can live on the interest only then you've got the whole thing to leave to your kids.

 

Too many people (like myself) only start to think about it when they get older, then there is less years for the investment to accrue and the contributions have to be much bigger.

 

If I told you what I was putting in to mine you'd probably fall off your chair, I had no pension up to two years ago

 

Also as a side note when you get closer to the age where you might need care or go in to a home there is no point in having money in your name because the bloody council will steal it all off you by charging you for the care, they take it after you die if you have more than a certain amount of assets.

 

I certainly wouldn't touch an annuity though, it seems like a massive con.

euthanasia at 70 would be best

 

 

Remember that film called Logans Run?