Denmark retirement age

[Notch7]

And at a time when the life expectancy is going down. What happened to the ever increasing rising of the life expectancy - it seems to of gone down as from 8 Dec 2020 — At 6.31am

Why are you so cowardly?

You’ve quoted the date of 8 Dec 2020 at 6.31am was when the first covid vaccine happened.


Let’s me help you spread the message of what you believe:
Aveatry believes life expectancy in U.K. has gone down because the covid jab has been killing millions.

 

[blup]

People live longer and healthier than they used to, although it brings other risks like dementia, you just have to look at 70 year olds cycling hundreds of miles a week.

 

[motorbiking]

I couldnt believe how many people were not in the company pension scheme at one work place .
Asking me if i thought it was a good idea to be in it .
Eh you pay in 150 quid a month and the employer puts in over 300 what do you think . Some of these guys had worked there 8 an 9 years with the worst being there for 25 years

Such a shame those missed pensions would be worth 3-400k. At 25 years. What does that buy 15-20k a year on top of state ?

 

[motorbiking]

Is everyone entitled to the maximum then?

I've never heard of that amongst the self employed...

You really should take advantage of your tax free pension allowance.

 

[noseall]

You really should take advantage of your tax free pension allowance.

I do. I've upped it each time I freed up cash.

 

[motorbiking]

Back to the danish system. The pension is around 20k a year. So they aren’t too badly off.

 

[Dereekoo]

That sounds rather smug. Millions of people are never in a position to do that.

Guilty as charged, must admit when I went for a job 40+ years ago and at the interview they told me 6% would be deducted from any salary and put into the company pension scheme I hadn't a clue what they were talking about and didn't care I just wanted a job. I was lucky, but lots of people spend for today and don't think about tomorrow. Of course I could have popped my clogs early and never had a return on that money but as I would not have been here it would not have bothered me.

 

[Notch7]

I worry about all those people that got on the property ladder in the early 2000s with an interest only mortgage.

 

[transam]

Bloke on the news said that at current birth rates
( assuming it continues) in 30 years from now for every 4 inactive people ( not working ) there will be only one working tax payer

It’s not sustainable

And it’s not just the UK either

 

[gas112]

Nonsense. The UK state pension is about £12k

People who are under 40 AND are auto enrolled into a private pension which includes employer contributions will, mainly, get to a big enough pot by the age of 65

The people in trouble are over 40 who haven’t started a pension yet and all those not contributing to pensions - especially self employed people

really so tell us what the minimum employees and employers have to pay in for say 500 quid a week ?

 

[ReganAndCarter]

Tory austerity and poverty, damage to public services.

Remind us who took away the winter fuel allowance?

 

[Justin Passing]

really so tell us what the minimum employees and employers have to pay in for say 500 quid a week ?

I used an online calculator.
If you put in £400 a month , increasing the figure at 4% pa, for a period of 25 years, say 35 to 60 with rates at 5%, you build a pot (£350k or so, I didn't write it down)
That will give you an annuity of £27k for life. Unindexed I expect.
I think the numbers scale ok, so £100 would give £6.5k. Half a pension, so significant but a bit low.

 

[denso13]

so you missed the bit were i asked what the minimum is that employers must pay in .. Not what you could pay in

Google Search

 

[Murdochcat]

I worry about all those people that got on the property ladder in the early 2000s with an interest only mortgage.

Courtesy of the stupidity of the Labour Party relaxing lending rules

Interest only mortgages should never be allowed

 

[gas112]

Google Search

yep so with millions of people on say 400/500 quid a week (some on a lot less) they are going to contribute 20/25 quid a week with their employer contributing 12/15 quid a week so roughly around 2 grand a year going to take a helluva lot of years and a constantly growing good investment to give people a good pension in 30/40 years time .
Not forgetting it was not that long ago employers only had to pay 1 % same as the employee