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MNHQ

Scottish Widows would love to hear your concerns about retirement: share now and you could win a £250 voucher! NOW CLOSED

466 replies

KathrynMumsnet · 27/07/2015 09:52

Claire Stracey, Head of Marketing Communications at Scottish Widows says:

"We know thinking about retirement is probably not front of mind, especially when you have more pressing tasks to take care of as a busy mum. Whether you’re in full-time employment or you’ve taken a career break, we’d love to hear any retirement planning questions that keep you awake at night. Have you had trouble finding clear information on your pension options? Are you confident that you’re setting yourself up for the best possible retirement?

We want to make retirement planning less daunting so we’ll be sharing stories and suggestions from our pensions specialists to help you get - or stay - on track.

So what are your biggest concerns when it comes to retirement? Let us know on the thread below and look out for pensions information for mums here; on Facebook and on ScottishWidows.co.uk."

By leaving your comment below, you’ll be entered into a prize draw where one lucky Mumsnetter will win a £250 John Lewis voucher*. Standard T&Cs apply and can be viewed here.

Thanks and good luck!

MNHQ

*Scottish Widows and The Lloyds Banking Group are not affiliated to the prize draw and accept no liability in respect of the prize draw.

OP posts:
lhlawrie · 07/08/2015 22:36

That we will not have enough money, neither of us currently pay into a pension as we can't afford to.

chr1ssy0908 · 08/08/2015 07:24

I'm worried about where I'm going to live. With house prices the way they are it is inconceivable that I am ever going to be able to purchase m own house, and therefore paying market rate rent when I have retired and got a lesser income seems impossible and scary!

angiehoggett · 08/08/2015 07:38

I have been paying into the NHS pension scheme since I started in 2006 but there have been so many changes to it I am worried about what happens when I retire. I feel as though it's not a clear system and I never fully understand what decisions I am meant to be making for what provisions I should be making for the future.

ItsMyFuckingWedding · 08/08/2015 07:46

I am 29 and DH is 32. I am worried that our government contribution will be worth nothing and with inflation we will be living on the poverty line even though right now we have a good wage. With few people able to buy now how will rents be paid?

In addition my huge worry revolves around my children- how are they going to cope when it is their turn?

EmNix · 08/08/2015 07:49

Having to work until I am too old to retire and enjoy life!!
I have been contributing to a pension but there is still the worry that it might not work out. Always a pessimist!

throwingpebbles · 08/08/2015 07:51

I work in local government now and diligently make my pension contributions but I worry whether what I actually get will be eroded by future governments and that makes me feel vulnerable. I also paid into a private work pension for just over a year when I was in my twenties. It is only a tiny bit of money and I am not sure what to do with it

candish63 · 08/08/2015 08:11

I'm concerned that I won't have enough enough pension fund , to enjoy the time I have left.

Fadingmemory · 08/08/2015 08:17

I worry very much about the scale of fees that would be charged for me to draw everything out of my pension fund (saved for over many years, even when I couldn't really afford it). I also worry that I would be charged large arrangement fees for an annuity, if I chose that option. Can you reassure me?

krnries · 08/08/2015 12:13

My biggest concern is that I'm never going to able to retire because we keep getting told that retirement is unaffordable because we're all living longer, even though we're also being told that we're all going to die younger because of health problems associated with increasing rates of obesity. I think I'll retire on a modest pension that I have contributed to all my working life, for only a few years.

Emiliasmumtobe · 08/08/2015 12:18

My concern is that I really don't understand how much I should be saving into my pension each month in order to have a decent pension in thirty years time. But I guess the responsibility is with me to research and find out.

WhyIRayLiotta · 08/08/2015 12:27

My biggest concern about retirement is that my DH will die before we get to enjoy any of it.

We work bloody hard. We pay into pensions through work and we have a mortgage that we'll be paying until I'm 60.

My DH is 10 years older than me and his father died the week he retired. My PILs had such plans for their time together. A summer in France, travelling - doing the things they put off when working / paying bills / raising a family.

And I'm worried we are going the same way. We work so hard and rush everywhere. Sometimes I worry that life is passing me by without me enjoying it! And I do think how lovely it'll be when the kids are grown up and he and I can have time to ourselves and do things we want to.

But my company has put back pension ages, and with mortgage / negative equity I don't know if we'll ever have a retirement or if We'll just work until we die.

Sorry for being so maudlin!

cootuk · 08/08/2015 13:49

My work pension has been destroyed by changing from 2/3 final salary to defined contribution, so I will probably never afford to retire, unless too ill to work.

itsmeexxx · 08/08/2015 15:09

Not having enough money but I think thats the same for everyone! With so many of us worried about the same thing maybe we can all form our own commune and grow our own fruit and veg together.At least then we will all have food and can concentrate on the most important thing in life which is to be happy :-) So whos in? ;-)

Solo · 08/08/2015 15:16

I have a small civil service pension. My new employer is small and doesn't seem to have that sort of thing in place. I don't think I can afford a pension (to pay into), but obviously, can't afford to go without! stuck and scared!

Kandboys · 08/08/2015 16:04

I worry mainly financially and that we will have enough money for our retirement. I finished work to raise my children but I think the problem with that is that future funds will be depleted! I also don't want us to be a burden on our children

ustupidwoman · 08/08/2015 17:28

my biggest concern is actually living long enough to enjoy my retirement... the older I get ... the more funerals I go to regarding friends/relatives

jennywren7 · 08/08/2015 17:55

Not having enough money to live on

Tkw2014 · 08/08/2015 20:56

That we won't have enough to support ourselves and the kids. We would like to think we could help with weddings and house deposits etc but not sure that we will.

balloon66 · 08/08/2015 21:17

I worry that my pension will be very small now that I have gone part time after having kids. It would not stop me spending this time with my children though.

katiefish · 08/08/2015 22:57

Not having enough money to live comfortably to be able to enjoy our retirement after working really hard for most of our lives

lucyrobinson · 08/08/2015 23:40

My main worry would be not having enough money to enjoy the later years of my life.

whitbyranger · 09/08/2015 01:52

I have paid into a teachers' pension scheme, but had 10 years when the children were small where I was not in full time work, so it is not as large as I would have liked.

whitbyranger · 09/08/2015 01:53

I have paid into a teachers' pension scheme, but had 10 years when the children were small where I was not in full time work, so it is not as large as I would have liked.

Carrie5608 · 09/08/2015 09:22

My biggest concern is that the state pension will become means tested. Leaving those of us who have worked hard and scrimped and saved over the years to live off Private pension pots which only just keep us above the bread line.

jayz268 · 09/08/2015 10:02

I worry, fairly equally, about health and finances after retirement.