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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:
maryandbuzz1 · 28/07/2015 07:16

I worry that I won't have enough money to see me through especially if something went wrong with the house.

createbeauty · 28/07/2015 07:21

Not having enough money to live on.

TracyKNixon · 28/07/2015 07:25

I worry about underestimating the cost of living in the future - I think it is going to rise and I worry about being able to afford to stay in my home.

Fiftyfivepercent · 28/07/2015 07:27

I worry there won't be enough money and I'll be forced to carry on working :-(

Lindseymorris29 · 28/07/2015 07:31

I have a work pension, and my current employer is selling their business to another whom has a completely different pension scheme do I freeze my original pension or keep it? As I am 32

kittykomp · 28/07/2015 07:36

Running out of money

Ikea1234 · 28/07/2015 07:42

Paying for care, living costs, pensions, savings.....it's a minefield! Every time we have a holiday I think "should we be saving this money?" getting good, independent financial advice on retiring seems almost impossible to achieve too!

Liquorice13 · 28/07/2015 07:43

Not having enough money to pay bills and having to sell house

annandale · 28/07/2015 07:46

I was sold a pension in the early 90s which was run by a company that consistently appeared in the bottom of all financial tables Grin I was in my early 20s and quite naive. Luckily when they attempted to sell me some kind of pension endowment I woke up, and since then have on principle never taken financial advice from anyone who wasn't related to me and living comfortably. I pay into a public sector pension and am aware how lucky I am. I refuse to spend my middle years panicking about old age, we will muddle through, although it's daunting watching colleagues retire exhausted at 60 when I need to keep going to 67.

leannemoore · 28/07/2015 07:48

Mine would be having enough money to live my dream to buy a villa in Florida to be able to travel back and forward to it . Started saving now and my husband has shares etc .

Gmat38 · 28/07/2015 07:50

The worry is just turned 50 and at the moment it could be ok but a lot can happen over the next few years. My job is not 100% safe, or the govt could make fundamental changes to pension rights etc. it's the uncertainty which I could do without.

cazzzie987 · 28/07/2015 07:51

My worry is we won't have a retirement as we won't be able to afford to retire!

jools401 · 28/07/2015 07:54

My concern is whether we will actually have enough money to live comfortably. We are self employed and both have pensions but it is difficult to know exactly how much they will pay out.

tubbss · 28/07/2015 07:58

Having to spend all day with my partner!

prwilson · 28/07/2015 08:00

Having enough money for essentials.

teddygirlonce · 28/07/2015 08:09

I'm worried for several reasons. I've got small amounts in a variety of pension pots but nothing substantial AND I was a stay-at-home mother for 10 years or so. I am now self-employed but really not earning much. We do save money every month but it won't amount to much. So I feel as if I'm going to be living in relative poverty - DH will be okay because although he has changed career paths, he has worked in the universities sector for a good chunk of his working life so benefits from their good pension scheme.

I know plenty of people who are a bit younger than me who didn't even start thinking about having a pension at all until their late 30s....

Just as well I'm frugal by nature!

Blobski1 · 28/07/2015 08:10

Our future is uncertain and worrying about the retirement is a privilege. The biggest concern is the decline in quality of life due to reduced income. In addition cognitive decline in humans is a fact so perhaps employing trusted financial adviser could be a right decision..

shivbrown · 28/07/2015 08:11

That i wont have enough money to live and that i will be bored x

ThemisA · 28/07/2015 08:14

I have been the sole provider for my children and have tended to take on low paid jobs because they afford me flexibility. I home educated one child and this curtailed my career options so I will only have a basic state pension to live on - not looking forward to that!

jt75 · 28/07/2015 08:18

Health care.

israrbaig · 28/07/2015 08:25

Biggest concern would be paying the bills

janice5972 · 28/07/2015 08:36

Not enough money to live on. I'm in private rented accommodation and who knows what my pensions will amount to when it finally happens.

Wiser123 · 28/07/2015 08:37

One of my biggest concern is that my defined benefits pension has been frozen at work and I need to decide if to move into another pension or do additional voluntary contributions. Either way I will need to find the money to do and with young kids it is difficult to find spare cash. This is obviously going to impact my retirement plan and when I will actually be able to retire!

suewho · 28/07/2015 08:45

I paid into the LGPS for a number of years and, at the time, felt that this would set me up well for my retirement. Taking a career break and being unable to afford to add to my retirement pot has seriously impacted on how much I'm likely to have to live on as I get older. The increased cost of living over recent years and the raising of the retirement age have also added to my worries about my pension provision being enough.

Catmadroo · 28/07/2015 08:51

I've no idea where my pensions are anymore, when moving company I had transfered a few times, but not sure when was the last time was so where my retirement pot sits at moment. I also know its not going to be anywhere near enough to retire on and being 46 its not that far off, no idea what help you get from government if pension isnt enough to live on? or where to seek help/advise from to boost my pension. I'm back to work this year after career break but being lone parent I honestly don't think on my wage I would be able to contribute to a pension still.