300
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Post by 300 on Apr 15, 2016 15:30:57 GMT
contracting out lowered the NI payments, companies were supposed to put the difference into the company scam, most just used it to improve the bottom line or increase the directors salary with zero penalties for doing so in the process they screwed the country out of cash, whoever set up the contracting out system never envisaged that situation... Correct, Gordon Brown put a stop to that, netting the treasury an estimated 5 billion a year & effectively making final salary pensions for private sector workers a thing of the past, good for them, bad for us. Was this the start of the pensions black hole panic? Dunno but since most (if not all) companies have closed their F.S. schemes, pensions don't seem such a great deal, all the risk is on the individual & no guarantee that the investment you make your whole working life will perform well enough to afford you a reasonable income in retirement. Will most likely cost the treasury that amount supporting those that either can't afford or can't be bothered to make adequate provision for their old age. |
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300
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Post by 300 on Apr 15, 2016 6:27:20 GMT
I always was lucky icon_shoppingm Me too, missed out on M.E.B. final salary scheme by a couple of years. I sometimes think those that are lucky enough to have one of these schemes grossly underestimate the added value to their salary, I know that for me it's a very expensive exercise trying to keep up in pension terms with some of my colleagues. |
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300
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Post by 300 on Apr 15, 2016 6:18:19 GMT
Prolly contracted out & into your personal pension pot so you don't qualify for state 2nd pension or the full new flat rate, at least that's what happened to mine. Fortunately I have enough years left to build up to new flat rate, £4 per week added to your state pension for each years contribution from 2016, upto the maximum, will take 10 years I think. Pension age will be more like 70 than 65 by the time I retire, think they hope lots will die in service before getting chance to draw anything. Don't know why I ever bothered, should've spent it all having a good time rather than wait till I'm too old to do all the things I enjoy now. Just got my details for the end of the year, when I reach the magic 65 and it looks like I'll be about £32 light on the new flat rate, because I was contracted out, luckily, the way I dealt with my Company pension when I took it back in 2012, I will not be any worse off, and may be a little bit better off than I am at the moment. Well done, think all contracting out into company schemes also stops this year. Don't know how that affects those schemes if at all but I imgine it creates quite a shortfall. |
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300
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Post by 300 on Apr 14, 2016 16:19:11 GMT
For 50 years I paid National Insurance, part of which was towards my pension pot for my state pension. In the 70’s we were persuaded to take out private pension schemes to prop up our state pensions. I now pay tax on my private pension which the government then give me back as state pension. My question is – where is my 50 years N.I. pension pot?  Prolly contracted out & into your personal pension pot so you don't qualify for state 2nd pension or the full new flat rate, at least that's what happened to mine. Fortunately I have enough years left to build up to new flat rate, £4 per week added to your state pension for each years contribution from 2016, upto the maximum, will take 10 years I think. Pension age will be more like 70 than 65 by the time I retire, think they hope lots will die in service before getting chance to draw anything. Don't know why I ever bothered, should've spent it all having a good time rather than wait till I'm too old to do all the things I enjoy now. |
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300
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Post by 300 on Apr 5, 2016 18:52:06 GMT
Maxine Brown - One Step At A Time
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300
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Post by 300 on Apr 4, 2016 16:42:05 GMT
Edwin Starr - Back Street
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300
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Post by 300 on Apr 4, 2016 15:40:18 GMT
HG will not ship to UK (i've asked the question), vapel1fe are US (i think), have sent them a message asking about shipping cost to UK. |
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300
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Post by 300 on Apr 3, 2016 23:58:48 GMT
Sorry M8, only interested in a trade for the Wismec 30w Control Head.
The Wismec is a bit of an odd-ball item & not easy to get hold of so i doubt i'll get a trade but the Mini Volt is a decent enough mod & i do use it for a night out so i won't be too upset if i end up keeping it.
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300
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Post by 300 on Apr 3, 2016 11:46:39 GMT
Terry Callier - Ordinary Joe
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300
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Post by 300 on Apr 3, 2016 8:33:48 GMT
Yes M8, very pleased with it. Wife loves it, she thinks it'll finally get me to pull everything together in one place & sort my $h#t out. |
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300
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Post by 300 on Apr 2, 2016 22:37:04 GMT
Not in my hand but on my desk  & populated   |
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300
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Post by 300 on Apr 2, 2016 22:16:49 GMT
Stand arrived today, quality & finish is first class, super value for money, i reckon we're lucky to have these offered to us at such a great price. Will be getting another one for my tube mods. Many thanks. (borrowed your pic)  & populated   |
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300
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Post by 300 on Apr 2, 2016 10:11:03 GMT
Carol Anderson - Sad Girl
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300
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Post by 300 on Apr 1, 2016 18:38:16 GMT
Herb Ward - Strange Change
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300
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Post by 300 on Mar 31, 2016 23:05:44 GMT
Thanks guys
Ordered some from ukecigcabin.
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