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Original poster

Should I worry re pension

54 replies

thisisasurvivor · 15/08/2024 17:18

Hello all

Would love your feedback on my finances and any ideas

I have my house paid for thankfully

Got 60k of outstanding loans that I'm planning on paying for over the next few years

I am self employed and no pension

I'm 42 and I'm starting to think I will just need to keep working and not retire

I love my job thankfully and get a decent wage from two days work per week

I have not looked into any private pensions etc
Should I?

Also I have two girls aged 4 and 6 so will need to try to help them with uni etc hence why I see myself working beyond 70

Any ideas please

(Grew up poor and realise just how lucky I am to have NO mortgage )

OP posts:

Original poster

thisisasurvivor · 03/09/2024 16:23

Biggaybear · 02/09/2024 20:25

So within 2 days you went from working 2 days a week to 5. Just like that. Are you still earning £500 per day ?

Also; I noticed that you were very good at replying to posts with "thanks guys" and "taking a note of that" but hardly replied to posters asking for information. Having £75k of non-mortgage debt is huge & must be on quite high interest rates. But you seemed to have skipped that....🤔.

As a financial adviser I'd say leave the pension for now (especially as you seemed to have now found a DB scheme giving you £5,600 pa.....for just 7 years work. Even a very good 1/60th scheme would have meant you would have been on £45k pa during that time.

One last thing. If this is true then I'd also forget about thinking of your children's Uni costs for a good few years. They are the least of your issues.

Just such a relief I'm not one of your clients
Phewwwwwww

OP posts:

Corksoles · 03/09/2024 16:40

OP and anyone not sure about pensions, please log on to gov.uk and check you've got all your NI years:

https://www.gov.uk/check-national-insurance-record#:~:text=You%20can%20check%20your%20National,are%20not%20%27qualifying%20years%27)

Check your National Insurance record

Find out if you've paid enough National Insurance to qualify for the full State Pension - check gaps, contributions and credits, get a National Insurance statement, call the helpline.

https://www.gov.uk/check-national-insurance-record#:~:text=You%20can%20check%20your%20National,are%20not%20%27qualifying%20years%27)

Biggaybear · 03/09/2024 17:26

thisisasurvivor · 03/09/2024 16:23

Just such a relief I'm not one of your clients
Phewwwwwww

Show quote history

That's ok. My clients are generally HNW and you wouldn't pass the bar.

Interested in this thread?

Then you might like threads about these subjects:

General money Retirement & pensions

Original poster

thisisasurvivor · 03/09/2024 17:58

@Biggaybear 😝😝😝😝😝

Gosh those crazy people

Little do they know

Imagine paying money to someone like you

Im in stitches 🖕🏻

Im sure your professional body must be so proud

OP posts:

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