The Retirement Thread

9 lurkers | 176 watchers
Flatlander
Flatlander
Jul 2022
12:48pm, 1 Jul 2022
2,517 posts
  •  
  • 0
Flatlander
Those of you who are in DC schemes (e.g. SIPP) and have taken a hit in your shares/funds etc despite continuing to contribute, bear in mind that your recent contributions are buying shares/funds etc at a cheaper cost so when the markets recover, those recent purchases will increase and partly offset losses on the shares/funds etc held before the financial problems. That assumes that there won't be any major drops before that happens.
[Not a financial adviser]
Velociraptor
Velociraptor
Jul 2022
2:24pm, 1 Jul 2022
58,686 posts
  •  
  • 0
Velociraptor
Yes, if I was still working and contributing to a SIPP/S&S ISA I'd take some consolation from the current situation.
EvilPixie
EvilPixie
Jul 2022
3:43pm, 4 Jul 2022
33,713 posts
  •  
  • 0
EvilPixie
got a form to increase payments to company pension (also with Aviva)
Hills of Death (HOD)
Hills of Death (HOD)
Jul 2022
3:43pm, 4 Jul 2022
36,354 posts
  •  
  • 0
Hills of Death (HOD)
AVC ?
Fields
Fields
Jul 2022
3:45pm, 4 Jul 2022
5,287 posts
  •  
  • 0
Fields
In this day and age increasing workplace company contributions via a paper form seems archaic. My old work pension was Aviva and could change it online via a portal.
EvilPixie
EvilPixie
Jul 2022
3:49pm, 4 Jul 2022
33,714 posts
  •  
  • 0
EvilPixie
HOD no extra out of our salaries (we both work for same place)
so the £200 (between us) that we were paying to our SW personal pensions we will churn into work pension
cathrobinson
cathrobinson
Jul 2022
4:39pm, 4 Jul 2022
10,320 posts
  •  
  • 0
cathrobinson
I can adjust workplace pension contributtons on a month to month basis online. And I’ve been playing about a bit with the numbers over recent months.

Interestingly, having increased my contribution by some margin last month, LandG (our current workplace pension provider) shows my June payment still at the same level as May. I shall keep checking for that significant amount of my dosh that isn’t showing up yet…
Cerrertonia
Cerrertonia
Jul 2022
5:12pm, 4 Jul 2022
16,849 posts
  •  
  • 0
Cerrertonia
There's generally a lag in these things. When I was working, I could change the contribution percentage in May, the change in the deduction in my payslip showed up in June and the new pension contribution showed up in the L&G account in July. I think there's typically a couple of week gap between the pay deduction and it being credited to your pension. (The law does say that the payment has to be made by a certain point within the month IIRC.)
EvilPixie
EvilPixie
Jul 2022
5:26pm, 4 Jul 2022
33,717 posts
  •  
  • 0
EvilPixie
Just worked out I was only doing 3% so upped that to 6% (max) which takes employer contribution from 6 to 9% and paying in and extra £100
Mr pix adding an extra £200 to his

I’ve cancelled gym (£32) so that counteracts the extra 3%!
ThorntonRunner
ThorntonRunner
Jul 2022
5:47pm, 4 Jul 2022
5,955 posts
  •  
  • 0
ThorntonRunner
I've been working 3 days a week for the last year. I'm retiring at the end of the year. The company has a preparing for retirement policy which means that if I'm working full time, then in my last 6 months I get 1 day paid leave per week for the first 18 weeks, and 2 days leave a week for the final 8 weeks. So I'm back up to full time working from today (although due to this policy full time currently means 4 days). I've just upped my pension contribution to 40% - diverting the extra I'm getting by going back to full time.

About This Thread

Maintained by Sigh
A place for baggy spaciousness: "The quality of time, soft attention and ease that we could enjoy 'doing nothing' "
(thanks to TheScribbler for the term (p1516)!)
( see also: neilthewriter.co.uk
and
darkangelswriters.com )

Retirees Hall of Fame

star Marmite star (01.01.25)
Roobarb (20.12.2024)
gribb0 (20.12.24)
3M (18.12.24)
Jigs (25.09.24)
Synge (30.08.24)
Silvershadow (02.08.24)
Hibeedeb (02.08.24)
Winniefree (08.07.24, 2nd attempt)
EvilPixie (24.06.24)
Snail (21.06.24)
GregP (14.06.24) (after part retirement 31.03.23)
Fizz :-) (13.06.24)
Jaks (15.05.24) (third time of retiring)
HellsBells (31.03.24) (orig. May 2018)
TROSaracen (07.02.24)(semi retired since mid 2019)
Hanneke (01.02.24)
Jenni-far-far (28.12.23)
FergusG (22.12.23)
Mrs Jigs (Luverlylegs) (11.12.23)
eL Bee! (30.11.23)
Lip Gloss (22.11.23)
jda (28.08.23)
RFJ (23.08.23)
Sigh (28.07.23)
Schnecke (end of school term 07.23)
Sharkie (05.07.23)
Ally-C (08.06.23)
Rebel (12.05.23)
CogNoscensme AHA (07.04.23)
Windsor Wool (05.04.23)
Bob! (30.03.23)
Velociraptor (21.03.23)
Garfield (provisional, 27.02.23) (see p.699)
ThorntonRunner (20.12.22)
MaltDrinker (30.07.21)
DoricQuine (15.06.21)
Mandymoo (21.05.21)
Eynsham Red (06.05.21)
GimmeMedals (31.08.20)
Steve NordRunner (01.08.19)
um (May 2017)
macca 53 (31.10.17)
XB (07.07.16)
Flatlander (November 2011)
Helegant
Ness
SarahWoo
Rosehip
alpenrose
Johnny Blaze
annadav
K5 Gus
Curly45
LazyDaisy
Dave..M
jabberknit
Shades
Northern Exile
Nick Cook

[other names to follow, on request]

In the Waiting Lounge, with one eye on the door

McGoohan (15.01.25)
dobbers (28.02.25, tbc)
Dillthedog (27.03.25 confirmed)
westmoors (31.03.25 confirmed)
Bazoaxe (June 2025)
B Rubble (June 2025)
geordiegirl (target: July 2025)
GeneHunt59 (target: July 2025)
RRR-CAZ (September 2025)
Bigleggy (target: December 2025)
HappyG (target: end of 2025 at the earliest)

Runningbauble21 (target: June 2026)
MadWelshWoman (target: Summer 2026)
cathrobinson (target: 2026 onwards)
OverTheHillToo (target: approx. 2026)

Diogenes (17.03.27)

Hills of Death (HOD) (April 2026-April 2030)
Gromit (July 2030)
CK2 (2030)

[other names to follow, on request]

Just browsing at the moment

Daz Love
Totriornottotri
DIY Diva

[other names to follow, on request]

Retirement Failures

Currently empty :-)

[other names to follow, on request]

Useful Links

FE accepts no responsibility for external links. Or anything, really.

Related Threads

  • age
  • finances
  • lifeadmin
  • support
  • work








Back To Top

Tag A User

To tag a user, start typing their name here:
X

Free training & racing tools for runners, cyclists, swimmers & walkers.

Fetcheveryone lets you analyse your training, find races, plot routes, chat in our forum, get advice, play games - and more! Nothing is behind a paywall, and it'll stay that way thanks to our awesome community!
Get Started
Click here to join 113,889 Fetchies!
Already a Fetchie? Sign in here