Bag's Rants

Pension planning

Have been sorting a few things out here and one of those was looking at my pension. Since Gordo did his raid on my, and your, pension scheme I have been wondering how it was working out.

The results so far are that no one has been questioned never mind arrested for this blatant theft. Nor do plod seem that interested. I suspect they have microchipped all the apples in the country just waiting for one to be found in the street so they can build a case or looking for another bank to raid and go through all the inappropriately named safety deposit boxes. I've closed mine already and moved my stash of drugs, guns, slaves and home porn vids to the shed outside where they will be safer.

Anyway, so I thought it was about time that I worked out where my retirement fund will be going and came across this handy little calculator at the Motley Fool, I've mentioned them before, a nice informative and educational site for all financial issues and it's free to sign up.

The calculator works by taking what you have estimated you need to live on, factoring in inflation and giving you a fund target to aim for then how much you need to put aside from now on to meet that. Nice and simple. Of course you can't factor in everything. So just fill in your details and off you go. There is an associated article which explains it all which is worth a read if you are interested.

Well, my results are in. I'm in a better position than I thought but no thanks to Gordo. I need to pay a little more to ensure that I'm OK in the future although I'd have been in a much better situation if he had keep his grubby socialist hands off but life is a balance. On one side is Good and the other Gordo and his ilk. I don't see that useless Cameron fixing it either.

To be honest I'm a bit relieved. I could see myself in a few years time lighting up a cigarette in the street so I was put in jail for life to ensure I had a roof over my head and something to eat.

posted by Bag @ 10:43 am