My DM worked very hard to buy her own house and saved for many decades for a pension. Now she's retired its a real struggle to maintain her house, its like a money pit and costs 100s or 1000s each year to replace things. I've had to loan her the money for roof replacements. As she saved just a bit, she doesn't get any pension credits and is only a few pounds a week better off vs pension credits. So she should of just never bothered to save for a pension!
He neighbours next door never bought the house, she has it all maintained by the council and is even having a new kitchen fitted soon. The HB still covers all of the rent even though she has two spare rooms as she is retired. My DM is significantly worse off because she bought the house.
Aibu to just give up saving for a pension and just spend my house deposit money? Looks like a pension is only worth it if you can save a lot.
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AIBU?
To think many people would be better off not buying a house or saving for a pension
68 replies
Shazziedazzie · 27/10/2015 07:05
OP posts:
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