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    Renten: „Warum ich einer von Millionen von Erwachsenen in Großbritannien bin, die nicht zahlen“

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    35 Kommentare

    1. ConversationOver1391 on

      I lot of people are going to be fucked when their older given how much it costs to live (survive) these days

    3. HatCompetitive4149 on

      The flowchart on /r/UKPersonalFinance is a really good resource for anyone wondering how to approach finances

    4. ashyjay on

      If you’re PAYE, why the fuck wouldn’t you use the employers pension, sure you’re gonna „lose“ a couple hundred a month, but you also get „free“ money from the employer contributions. without those contributions mine would look like shit as about 60% of it is from those.

    5. ZombieOld6045 on

      Lovely, no doubt my taxes will be used to bail out these idiots when they can’t afford to survive in 20 years time, no doubt they’ll be handed free housing and a comfortable allowance from the state along with a host of additional payments throughout the year.

    6. Angelo_Cannon on

      I pay 50% pension, just because I need as much money as I can get now. I work for my local council and the pay is horrendous, so unfortunately I’m having to take a little from my older self just to get by.

    7. OldAndBald2025 on

      They are too busy finding the money to survive NOW…never mind in 20-40 years…

    8. Ok-Inflation4310 on

      I was self employed and put a little into a private pension every month.I couldn’t afford much and that’s made worse by obviously having no employer contributions.

      But it’s made a big difference now I’ve retired. Relying on the state pension would be just about doable but a pretty miserable existence.

      I can’t even imagine how it’s going to be for kids growing up now if there’s not even going to be that safety net. But, if you don’t have any spare money at all, what are you going to do? You have to pay bills and feed yourself. A dilemma I’m glad I don’t have.

    9. Realistic-Tip-5416 on

      The lack of financial education in the United Kingdom is outrageous. Completely aware that it’s that way to keep people trapped in the system and widen the wealth distribution gap. But I genuinely believe finance and politics should be two core subjects on the schooling curriculum, just like maths, science.

    10. all-park on

      I pay for a private pension. You need to pay in around £3,000 a year to get something marginally acceptable. Around 36 yrs of contribution privately and you get around £11,000 annually, plus the state pension. The return isn’t great especially if you’re still having to rent.

    11. Ridgeld on

      Save these idiots from themselves. Remove the option to opt out of workplace pensions.

    12. Savage-September on

      Well I’ve been paying a pension since 18. I’ll be ok, I know where this is all going to end up and nothing worse that being old and broke.

    14. IntroductionBest1962 on

      Why the fuck would I pay into a pension I’ll never see? The bloody age will be 75 soon enough. It’s just paying for boomers to piss it up the wall.

      They will.never let me retire.

    15. Sir_Henry_Deadman on

      Just save enough for a ticket to Geneva that’s the only guarantee you have

      Everything will be gone when I’m old enough
      Completely shafted since birth by a system of pulling up ladders

    16. bulldog_blues on

      Thanks for the reminder to top up my workplace pension when I next get the chance! My employer already puts in a good amount but any extra top-ups even if it’s like £10 a month pay dividends if you can afford to do it.

    17. klepto_entropoid on

      I totally didn’t read that article.

      I’m not in the pension scheme.

      I accept I am going to get downvoted to oblivion .. but hear me out at least ..

      Why? On close to min wage for years it wasn’t affordable at that time (3 years nearly). I was on tax credits just to eat working full time. No chance I could afford another 200 a month on pension.

      Now ..

      Over the years, my income increased but I continued to opt out of pension enrollment.

      About 5 years ago, I put my savings as-was (20k) in to a managed S&P500 (acc) fund and pay in £500 pcm via DD on payday. At an average 8% my investment over the next 20 years of about 120k compounded annually is predicted to be worth ~380k. In 20 years I will be 55.

      Pros over a pension: I can take it when I want/need. I recently needed surgery and I went private and paid cash. I can will it to someone. It is mostly not taxed. I am not required to keep working when I want to stop (that time will come and I have known people who had to do another 5 years and then dropped dead so yeah that’s a biggie for me). If I die early, its all going to my son and not the government.

      This is just my opinion, but I fell in to this situation accidentally so would not advocate this pov, but, pensions are poverty traps for generations. I say this as pensions didn’t used to be such a significant chunk of your pay (9.8% where I work) and people had more disposable income, so putting a little aside each month made total sense. Most people were financially illiterate (and many still are so they are still the best option) and the whole paradigm of „work 50 years and retire, then die shortly thereafter“ was still very much the norm. That’s changed.

      Also the people I do know who have private and state and NHS pensions all say thanks to inflation it is not enough to live on and they continue to have to work at least part time. I don’t know anyone who is comfortable in retirement who wasn’t on six figures or enjoyed the now defunct final salary scheme or who didn’t make a fortune in capital asset appreciation.

    18. Da5ren on

      You’re literally throwing away free money if your employer does any sort of matched contribution. It’s built into how much you ‘cost’ as an employee, if you opt out, the company get to keep that money. You should always max your contribution to the max that they will match it too. Otherwise you’re giving away your money.

    19. Apez_in_Space on

      As long as we don’t bail them out then they can be idiots. They’ll be on the streets when they’re not working but that’s on them.

    20. Harry98376 on

      Well, who can actually completely trust whether their pension pot won’t be raided by the time it’s due anyway?

    21. BronnOP on

      ***Pensions: ‘Why I’m one of the millions of UK adults that are financially illiterate!’***

    22. condosovarios on

      Interesting that two of three people interviewed are South Asian origin.

      I’m British Asian and we don’t tend to invest in pensions as much as there is a cultural trend towards intergenerational families living in the same house. My grandparents put nothing in their pensions so that the next generation could focus solely on studying. In turn that generation looked after them as they got old

      This only really works if you are able to eventually have your own funds and family.

    24. Mitts64 on

      Reading these comments I realise half the people don’t read the actual article

    25. ash_ninetyone on

      Some people haven’t read the article.

      These are low laid workers who have no room in their income for a pension, compared to the cost of raising a family or wanting your own place.

      Low paid workers have never had the chance to be flash, but they had an easily affordable roof over their heads. It’s underestimated how much more life has become expensive, especially factoring housing costs in.

      I.e. symptomatic or pay not going far enough to plan for old age

    26. Many_Lemon_Cakes on

      I am gonna be honest as much as I understand that the state pension may disappear for those of us with private pensions due to it being unsustainable. It will really piss me off if people like this get to keep it while I lose it. To the point where I might as well spend all my private pension earlier to have a richer younger retirement and then only claim the state pension later on when I am older and more feeble

    27. Tarkedo on

      Link opting out from work pension scheme payments to opting out from any income-bssed benefit other than state pension after retirement age.

      Then make sure you follow through and let them starve and freeze to death. Problem solved.

    29. BigDumbGreenMong on

      51 here – these days I think a lot more about pensions. My peers who were smarter (and better off) than me in their twenties have fat pension pots and can comfortably retire within the next five years, because they started making contributions early. 

      They’ll retire when they’re still young and healthy enough to enjoy around 20 years of leisure before they start getting too old to have fun. They might not get their state pensions until 67, but they have big enough private pensions that they don’t care. 

      At the other end of the scale I know people who will only have the state pension, so they’ll need to work until 67+ and will spend their final years scraping by on very little. 

      I’m somewhere in the middle. I’ll probably need to work until 67, but my private pension should be enough that, combined with the state pension, I should have a relatively comfortable retirement. 

      For what it’s worth, I wish I understood this when I was younger: a pension is the best long -term investment you can make.

      For a start, you don’t pay tax on your contributions. If you pay £100 into a savings account, you first have to pay income tax on that £100, but if you pay it into your pension pot you don’t pay income tax on it. If you’re a basic rate tax payer, that means a £100 pension contribution only costs you £80.

      The next point depends on your employer, but many of them will match your contributions up to a certain level – so again that’s free money you can’t get any other way. 

      Finally, the magic of compounding. When you’re young you might not have a lot of money, but you have the next best thing – time. With an average return of 7% per year, over the years and decades tens of £s turn into hundreds, hundreds turn into thousands, and suddenly you’re in your fifties and it’s the difference between retiring early and rich or late and poor. 

    30. mrkoala1234 on

      I have a private pension. It’s not a lot with my current salary and an input of 3 + 5%, but at least I will be able to afford a Zimmer frame with a rear-view camera when reversing.

    31. the_maddest_moose on

      You can partly blame the government and their pension scheme. Many companies made people go self employed so that they didn’t have to pay into the pot.

    32. beejiu on

      I’m sorry, but if you came from one of the poorest countries in the world and work a low income job in the most expensive city in the UK, don’t expect any sympathy or bailouts when you come to retire.

    33. PigletAlert on

      I can see that some people don’t have money to put away. But for the good of future taxpayers it’s time to make it a requirement for anyone earning a living wage to contribute to a personal pension.

    34. Jakes_Snake_ on

      The main problem at the moment is talking about pensions when really what we mean is retirement income and options.

    35. FaceMace87 on

      Survey taker: Do you want free money from your employer every month?

      Half of working adults: Nah, I’m alright

      Survey taker: Why not?

      Half of working adults: Want more take home to waste on shite innit

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