Came across my original Bonusplan application form today. They used 10% increase per year as their calculation figure! So my £1.97 plus RM £1.97 (as it was them) would be worth over £59000 when I reached 60 and give a regular pension of over £7000 from it. If only... In reality if I took it as a pension I would get about £300 per year, so more valuable as a lump sum.
Shows what pie in the sky all these estimates are and how you should only based your plans on worse case scenarios !!
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Original Bonusplan estimate was wishful thinking!
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fly-catchers
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RobertT
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Original Bonusplan estimate was wishful thinking!
£59k and £7k per year, is that all? 
Mine was £145k with a pension of nearly £18k. If only!
Not only does it show that those old estimates were way off the mark, it also shows how much annuity rates have gone down. Even if my Bonusplan was worth £145k it would only give me around £6k or so at age 60 these days.
Mine was £145k with a pension of nearly £18k. If only!
Not only does it show that those old estimates were way off the mark, it also shows how much annuity rates have gone down. Even if my Bonusplan was worth £145k it would only give me around £6k or so at age 60 these days.
Last edited by RobertT on 19 Apr 2017, 18:48, edited 1 time in total.
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fly-catchers
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