Rare to se G29s in Marketplace here

[Scubaregs]

I'm under 50 and work in the private sector, so I have to ask the question... what's a pension?

Is it a thing that I pay for but only previous generations and the public sector get?

You don't have a company pension scheme?

 

[True-Blue]

Many public sector F/S schemes have moved, or are transitioning to, ‘Career average earnings’ not ‘Final’ salary. This will make a big difference to the value of the actual pension income payable to the employee at the scheme retirement age - Less.

 

[Mr Tidy]

That's still probably better than most private schemes that started moving over to Defined Contributions instead of Defined Benefits 20 or so years ago.

You have no idea what your pension pot will be or what income it will generate.

 

[Boyo]

That's still probably better than most private schemes that started moving over to Defined Contributions instead of Defined Benefits 20 or so years ago.

You have no idea what your pension pot will be or what income it will generate.

Exactly

 

[True-Blue]

That's still probably better than most private schemes that started moving over to Defined Contributions instead of Defined Benefits 20 or so years ago.

You have no idea what your pension pot will be or what income it will generate.

Exactly

Agreed,

But on the other hand you don’t know how long you’ll live either.

So you have a wonderful FS scheme and die shortly after retirement, divorced and with no dependants (children grown up)… Nothing left to your adult children, a lifetime of contributions for nowt!

Swings and roundabouts… I don’t have a local govt scheme, not trying to defend them.

Also. When did the Cayman make way for a Macan?

 

[Boyo]

That's still probably better than most private schemes that started moving over to Defined Contributions instead of Defined Benefits 20 or so years ago.

You have no idea what your pension pot will be or what income it will generate.

Exactly

Agreed,

But on the other hand you don’t know how long you’ll live either.

So you have a wonderful FS scheme and die shortly after retirement, divorced and with no dependants (children grown up)… Nothing left to your adult children, a lifetime of contributions for nowt!

Swings and roundabouts… I don’t have a local govt scheme, not trying to defend them.

Also. When did the Cayman make way for a Macan?

I worked in the financial sector for a large bank for 36 years. I was in a non contributory final salary scheme for 30 years until they decided to close that scheme as it was unsustainable and we switched to defined contribution. When I retired I moved my whole pension pot out of the bank scheme and invested it with one of the large pension providers. Several reasons for doing this but one of the main reasons was that when I died my remaining pension pot would pass to my wife/kids. I have never looked back even during Covid but of course our illustrious labour government now have designs on my pension pot with regard to IHT!
With regard to the Macan we were struggling for space when we go away. I decided to have one last blowout (famous last words) and ordered a new GTS last November. It arrived as promised by West London in early March so there was no doubling of the first years road tax. Hope you are enjoying your latest M40i

 

[True-Blue]

Exactly

Agreed,

But on the other hand you don’t know how long you’ll live either.

So you have a wonderful FS scheme and die shortly after retirement, divorced and with no dependants (children grown up)… Nothing left to your adult children, a lifetime of contributions for nowt!

Swings and roundabouts… I don’t have a local govt scheme, not trying to defend them.

Also. When did the Cayman make way for a Macan?

I worked in the financial sector for a large bank for 36 years. I was in a non contributory final salary scheme for 30 years until they decided to close that scheme as it was unsustainable and we switched to defined contribution. When I retired I moved my whole pension pot out of the bank scheme and invested it with one of the large pension providers. Several reasons for doing this but one of the main reasons was that when I died my remaining pension pot would pass to my wife/kids. I have never looked back even during Covid but of course our illustrious labour government now have designs on my pension pot with regard to IHT!
With regard to the Macan we were struggling for space when we go away. I decided to have one last blowout (famous last words) and ordered a new GTS last November. It arrived as promised by West London in early March so there was no doubling of the first years road tax. Hope you are enjoying your latest M40i

I’m in a similar position, although my bank scheme had a modest contribution circa 4%. Transferred out of FS and invested… not impressed by the IHT changes either.

I don’t have an M40i, I have the Alpina and a 718 Cayman

 

[Boyo]

Agreed,

But on the other hand you don’t know how long you’ll live either.

So you have a wonderful FS scheme and die shortly after retirement, divorced and with no dependants (children grown up)… Nothing left to your adult children, a lifetime of contributions for nowt!

Swings and roundabouts… I don’t have a local govt scheme, not trying to defend them.

Also. When did the Cayman make way for a Macan?

I worked in the financial sector for a large bank for 36 years. I was in a non contributory final salary scheme for 30 years until they decided to close that scheme as it was unsustainable and we switched to defined contribution. When I retired I moved my whole pension pot out of the bank scheme and invested it with one of the large pension providers. Several reasons for doing this but one of the main reasons was that when I died my remaining pension pot would pass to my wife/kids. I have never looked back even during Covid but of course our illustrious labour government now have designs on my pension pot with regard to IHT!
With regard to the Macan we were struggling for space when we go away. I decided to have one last blowout (famous last words) and ordered a new GTS last November. It arrived as promised by West London in early March so there was no doubling of the first years road tax. Hope you are enjoying your latest M40i

I’m in a similar position, although my bank scheme had a modest contribution circa 4%. Transferred out of FS and invested… not impressed by the IHT changes either.

I don’t have an M40i, I have the Alpina and a 718 Cayman

Sorry senior moment on your car front. Lovely gulf blue 718 :driving:

 

[Nanu]

I don’t have an M40i, I have the Alpina and a 718 Cayman
[/quote]Sorry senior moment on your car front. Lovely gulf blue 718 :driving:
[/quote]Never mind. You may eventually get over not having an M40i oke:

 

[r2uzenblot]

Sorry but I am one who has not listed my G29 but has traded it in for a BMW electric I4 (as I need more than 2 seats). For those who are interested in an immaculate 2.0 2023 Portimao Blue with Tech and Comfort pack and 20,000 miles on the clock then it will be available at Sytners Shrewsbury probably in about a weeks time. Car was ceramic coated professionally and has been lovingly cared for. Cognac seats.

It was easy for me to walk in and out and they gave me 2K over the webuyanycar price so why go through the hassle of a private sale?