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Quit Paying into pension scheme?

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
Dorset Plodder
Posts: 4351
Joined: 29 Apr 2009, 20:05
Gender: Male

Re: Quit Paying into pension scheme?

Post by Dorset Plodder »

I know F.. All about pensions but I believe we should be paying into a Personal Pension Plan as well as RM. Simply on the proviso that you don't "put all your eggs in one basket".
What does worry me is, if you F.. Up your pension and get to 65, if someone says,"You should have done this...". It's too F..ing Late! Everything in life can be changed, but how the hell do do sort out a Pensions Cock Up?
I suppose no-one gives a s**t and you're just throw on the scrap heap which all the Bankers and MPs piss apon!! :arrrghhh Rant Over Good Luck:Very Happy
Like all Wage Slaves, he had two crosses to bear: The people he worked for and the people he worked with! (Stephen Vizinczey.)
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Re: Quit Paying into pension scheme?

Post by fishtank »

Dorset Plodder wrote:how the hell do do sort out a Pensions Cock Up?
You first get your hands on one of these.....

Image

And then you go find the nearest branch of R.B.S....pension sorted.
If you get caught you will have 3 square meals and no one will want to have sex with you because you will be too old....and if you don't get caught...you will get all the sex you can take until either the heart or the money gives out.... :chuckle :chuckle
good times, bad times you know I've had my share
Dorset Plodder
Posts: 4351
Joined: 29 Apr 2009, 20:05
Gender: Male

Re: Quit Paying into pension scheme?

Post by Dorset Plodder »

You've given me an idea FT. However I do believe that shotgun may be ill-legal! Plus I would of course require a list of the Pension Directors. :whistle I hope M.I 5 ( or M.I 6) are not monitoring this site. If they are, "I'm still waiting for Godo!" :Very Happy
Like all Wage Slaves, he had two crosses to bear: The people he worked for and the people he worked with! (Stephen Vizinczey.)
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Quit Paying into pension scheme?

Post by RobertT »

Dorset Plodder wrote:I know F.. All about pensions but I believe we should be paying into a Personal Pension Plan as well as RM. Simply on the proviso that you don't "put all your eggs in one basket".
What does worry me is, if you F.. Up your pension and get to 65, if someone says,"You should have done this...". It's too F..ing Late! Everything in life can be changed, but how the hell do do sort out a Pensions Cock Up?
I suppose no-one gives a s**t and you're just throw on the scrap heap which all the Bankers and MPs piss apon!! :arrrghhh Rant Over Good Luck:Very Happy
There's more to retirement planning than just pensions!
Links to all RM pension related websites are here
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: Quit Paying into pension scheme?

Post by dvbuk55 »

fishtank wrote:
Dorset Plodder wrote:how the hell do do sort out a Pensions Cock Up?
You first get your hands on one of these.....

Image

And then you go find the nearest branch of R.B.S....pension sorted.
If you get caught you will have 3 square meals and no one will want to have sex with you because you will be too old....and if you don't get caught...you will get all the sex you can take until either the heart or the money gives out.... :chuckle :chuckle
FT you have just changed my life.............if I don't post on here anymore, keep a look out in the daily papers or keep a look out on the TV on the holiday programs.................maybe I could get a facelift, and plastic surgery................I could be the new Mel in Benidorm :chuckle
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POSTMAN
SITE ADMINISTRATOR
Posts: 32752
Joined: 07 Aug 2006, 03:19
Gender: Male

Re: Quit Paying into pension scheme?

Post by POSTMAN »

RobertT wrote:
Dorset Plodder wrote:I know F.. All about pensions but I believe we should be paying into a Personal Pension Plan as well as RM. Simply on the proviso that you don't "put all your eggs in one basket".
What does worry me is, if you F.. Up your pension and get to 65, if someone says,"You should have done this...". It's too F..ing Late! Everything in life can be changed, but how the hell do do sort out a Pensions Cock Up?
I suppose no-one gives a s**t and you're just throw on the scrap heap which all the Bankers and MPs piss apon!! :arrrghhh Rant Over Good Luck:Very Happy
There's more to retirement planning than just pensions!
My pension is a long long way away but i'm saving my arse off for when i'm older.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: Quit Paying into pension scheme?

Post by dvbuk55 »

POSTMAN wrote:
RobertT wrote:
Dorset Plodder wrote:I know F.. All about pensions but I believe we should be paying into a Personal Pension Plan as well as RM. Simply on the proviso that you don't "put all your eggs in one basket".
What does worry me is, if you F.. Up your pension and get to 65, if someone says,"You should have done this...". It's too F..ing Late! Everything in life can be changed, but how the hell do do sort out a Pensions Cock Up?
I suppose no-one gives a s**t and you're just throw on the scrap heap which all the Bankers and MPs piss apon!! :arrrghhh Rant Over Good Luck:Very Happy
There's more to retirement planning than just pensions!
My pension is a long long way away but i'm saving my arse off for when i'm older.
Spend it now.........you can't take it with you.
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Quit Paying into pension scheme?

Post by RobertT »

dvbuk55 wrote:Spend it now.........you can't take it with you.
I'm sure everyone has different reasons for saving, but the reason I save IS to spend. I'm just postponing spending it!
Links to all RM pension related websites are here
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Re: Quit Paying into pension scheme?

Post by fishtank »

RobertT wrote:
dvbuk55 wrote:Spend it now.........you can't take it with you.
I'm sure everyone has different reasons for saving, but the reason I save IS to spend. I'm just postponing spending it!
Good advice...but don't postpone it for too long.....or somebody else will be spending it.
And if you get divorced...hide and deny everything. :nervous
I knew a guy who knew a guy etc.... :sad:
Last edited by fishtank on 18 Jan 2011, 19:50, edited 1 time in total.
good times, bad times you know I've had my share
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POSTMAN
SITE ADMINISTRATOR
Posts: 32752
Joined: 07 Aug 2006, 03:19
Gender: Male

Re: Quit Paying into pension scheme?

Post by POSTMAN »

RobertT wrote:
dvbuk55 wrote:Spend it now.........you can't take it with you.
I'm sure everyone has different reasons for saving, but the reason I save IS to spend. I'm just postponing spending it!
:Very Happy

Or does DV know my missus. :nervous :hmmmm
Dinner tonight was a bit...... :silenced
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: Quit Paying into pension scheme?

Post by dvbuk55 »

POSTMAN wrote:
RobertT wrote:
dvbuk55 wrote:Spend it now.........you can't take it with you.
I'm sure everyone has different reasons for saving, but the reason I save IS to spend. I'm just postponing spending it!
:Very Happy

Or does DV know my missus. :nervous :hmmmm
Dinner tonight was a bit...... :silenced
Not in the biblical sense no, but she must be a saint to put up with you :Very Happy
BELIAL
Posts: 6758
Joined: 15 Jun 2007, 17:33
Gender: Female
Location: Nowhere

Re: Quit Paying into pension scheme?

Post by BELIAL »

:hmmmm So let me get this right.
Some of you are handing over your hard earned cash to people you have never met ,who then hand it over to investment bankers and hedge fund managers who they have never met, all on the strength of a flimsy promise of healthy returns in 30 years time :hmmmm :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left:

Seen the news lately ? Mr Mannering is long dead :chuckle
Bye
borders
Posts: 1303
Joined: 11 Sep 2007, 09:10

Re: Quit Paying into pension scheme?

Post by borders »

who makes who well off here then ??? i thought we paid into a NIC scheme starting from day one at work and this was supposed to provide us with a reasonable amount when we retire ??
"why should it just be the bankers, politicians and the idle rich who get all the best things ? we demand a standard of living for our members that enables them to share in the fine wines and times that the likes of Cameron and his Eton buddies take for granted " - the late great Bob Crow RIP.
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Quit Paying into pension scheme?

Post by RobertT »

BELIAL wrote::hmmmm So let me get this right.
Some of you are handing over your hard earned cash to people you have never met ,who then hand it over to investment bankers and hedge fund managers who they have never met, all on the strength of a flimsy promise of healthy returns in 30 years time :hmmmm :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left: :left:
I've been investing in share based investments for over 10 years now and have done very nicely thankyou.
Seen the news lately ?
Yes I've seen that the stock market has gone up about 70% in the last two years and my investments doing very well!
Links to all RM pension related websites are here
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Quit Paying into pension scheme?

Post by RobertT »

borders wrote:who makes who well off here then ??? i thought we paid into a NIC scheme starting from day one at work and this was supposed to provide us with a reasonable amount when we retire ??
The basic state pension will currently provide £97 per week, assuming you have 30 qualifying years of NI contributions. Not exactly a reasonable amount!
Links to all RM pension related websites are here