UK plc Dividends

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UK plc Dividends

Postby planteria » Mon Oct 23, 2017 8:31 am


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Re: UK plc Dividends

Postby blythburgh » Mon Oct 23, 2017 9:12 am

planteria wrote:we all need our share.. :thumbup:

http://www.bbc.co.uk/news/business-41716283


A lot of us getting our share. Much of this money goes into pension funds which people are getting now or will get in the future
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Re: UK plc Dividends

Postby Thunderfog » Mon Oct 23, 2017 9:36 am

We worked hard - fair play.
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Re: UK plc Dividends

Postby planteria » Wed Oct 25, 2017 10:00 am

that's right blyth. we get a lot of media coverage complaining about "big business", but the reality is that most of us are on board.

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Re: UK plc Dividends

Postby pabenny » Thu Oct 26, 2017 6:37 am

underfog wrote:We worked hard - fair play.


And got lucky.

People who work(ed) in the public sector or spent the majority of their career with a single employer are sitting pretty in pension terms.

It is little-mentioned that final salary pensions are frozen (RPI/CPI increases only) at the salary when leaving an employer. So those who have moved several times in their career will have comparatively poor pensions, even if said pensions are final salary.

Vanishingly few employers have been offering final salary pensions to new starters for years. And contribution rates to defined
contribution schemes are now woefully low.

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Re: UK plc Dividends

Postby planteria » Thu Oct 26, 2017 9:38 am

pabenny wrote:It is little-mentioned that final salary pensions are frozen (RPI/CPI increases only) at the salary when leaving an employer.


i don't think anyone would expect any different :think:

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Re: UK plc Dividends

Postby pabenny » Thu Oct 26, 2017 12:29 pm

Sure.. . It's another example of inequity between generations. Those who have already retired or are close to retirement age are generally in a much better position than younger people who are much less likely to have been able to remain with one employer.

One poster said "we worked hard". Today's 50 and 40 and 30 year olds also work hard. But they will have far more meagre pension provision than today's 60 and 70 year olds.
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Re: UK plc Dividends

Postby planteria » Thu Oct 26, 2017 4:01 pm

agreed re pensions. but there are other differences too.
most of the people i grew up with have far less pension provision than their parents did at this stage of our lives - one way or another.
but we are also the inheritance generation. most of us should inherit property on a completely different scale to that inherited by our parents.
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Re: UK plc Dividends

Postby pabenny » Thu Oct 26, 2017 4:32 pm

The idea that inheritance offsets meagre pensions is way off the mark and I might even go so far as to describe it as a falsehood promoted to counter suggestions that many of today's retired are over-privileged.

To fund a final salary pension of £20,000 taken at age 65 takes a fund of something like £800,000. How many homes are worth anything like that amount? And that's before taking account of care home fees and the like.
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Re: UK plc Dividends

Postby macliam » Thu Oct 26, 2017 8:41 pm

pabenny wrote:The idea that inheritance offsets meagre pensions is way off the mark and I might even go so far as to describe it as a falsehood promoted to counter suggestions that many of today's retired are over-privileged.

To fund a final salary pension of £20,000 taken at age 65 takes a fund of something like £800,000. How many homes are worth anything like that amount? And that's before taking account of care home fees and the like.

Hmm, the politics of envy are unattractive from any side of the equation. Why are today's retired "over-privileged"?, they are, without doubt, better served than those still working - but that's not down to them, it's down to changes in the provision of pensions, the impact of low returns of pension schemes and many other decisions made over past years. Given that they have no other income, they have also seen their savings spanked by low interest rates, which have been to the advantage of those who are earning....... so, not everything has been rosy.

There is also a diffentiation of treatment, a real postcode lottery, for pensioners in the UK. If you are in London, Scotland, wales or NI, you get free travel at 60...... where I am it cuts in at the state retirement age. Even then, what is offered is not the same. In Ireland, pensioners get free travel on all public transport and can qualify for a monthly payment towards fuel costs, etc. - and I know British pensioners who never paid in to the Irish system, yet get those benefits. Thems the breaks.

Be careful what you wish for, because it is not unlikely that someone will come along to claw more money back from the pensioners - but one thing's for sure, it will make not one iota of difference to you or others..... just more tax revenue or profits for the companies.
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