Відео

I am genX, I have an LGPS (local Gov Pension Scheme), I must be lucky as paid in to it for 26 years so far. It is nice to know that I have a guaranteed yearly salary (plus lump sum), also 3 times salary death in service. I will count my lucky stars

V cool

What's your favourite wildlife to photograph, and do you have any tips or experiences to share from your own wildlife photography adventures? Let me know in the comments below!

Very insightful, great video!

If it was true that the reduction of DB schemes was a loss in practice we should expect two things; 1) average pensions should drop 2) the rate of growth in pension payments should fall off - neither is true for the last 10 years (probably longer, only checked ten years back). Indeed there is a very steady general upward trend in average pension payouts from £14,000 in 2014 to £16,200 in 2023. And everything points to that trend continuing in the coming years.

I have chosen jobs by pension scheme even when it means dropping in come significantly, you need to look long term. My pension on retirement will be very good due to this, I have tried to talk to my kids about it but they don’t get it. The uk is facing a pension apartheid. Between the Rich public sector and the poverty stricken private sector. Just look at NHS Consultants a few years ago whining about paying tax on £1M pension pots and trying to hold country to ransom as they didn’t think they should pay tax on it like everyone else.

I lived in the north but when this was announced moved into my second home by the sea in the south west. My former second home is now my first and primary home and I can work from there too. I do still have the other house in the north however which, if anything, is now my second home. I qualify for single occupancy discount on both properties because I am divorced and live alone irrespective of where I am. My home in the north is not in a holiday area and the council does not levy an increased charge on my second home there. Job sorted from my perspective then, I have a better life in the south but can retain the northern property too, rent it out or keep it empty. I am not wealthy, I just worked hard for 40 years and my properties are my pension.

It’s not all that good, my colleague worked for the same company for 43 years, his DB scheme ran for the 1st 29 years the company was sold & the new owners started a DC scheme for the employees for his last 14 years. So his pension was a very generous amount, retired at 66 & passed away at 70, those 29 years of pension just gone! At least his widow now has the cash that was in his DC scheme. These schemes are basically an annuity which have given quite bad payouts unless you live to be 105!

Hope you getting on great.

Gen X need to pay attention.

My wife has a defined benefit scheme, however it is capped at 2.5% increase, which in the last 2 years does not match inflation. The other negative which you don't seem to mention is that a defined benefit pension 'pot' is lost. So if you were unfortunate enough to lose your life early into retirement there is nothing to pass on! Whereas a personal pension fund remains part of your estate, but also offers more flexibility in how you drawn down on that fund to balance your needs, a defined scheme is normally a fixed amount with very little if any flexibility.

"Promo SM"

What about divorced women, will they get anything?

DO IT

I'm in a DB pension with an LGPS pension. Although my salary is only slightly above average the employer contributions are phenomenal and worth their weight in gold.

Imagine thinking the staff that made the company profits for the shareholders shouldn’t be getting a perk like a decent pension.

I discovered that one of my old pensions is DB. I am over the moon about that, because my current workplace pension (DC) would need a vast pot to come close.

They should be Ashamed of themselves. DWP

DB is not that is expensive it is more that companies do not know how to manage them in cost efficient manner and they offload this to employees to mnanage

Well, I guess the only reason to "need" a Cover Story is to fend off the jealous "Cold Shoulder" or Curious behavior of those New Neighbors who've Actually earned their money & riches the Hard Way and want to know how you made yours. Telling them you just plain got Lucky isn't gonna earn any respect, AND, these self-made Millionaire's aren't stupid either, so you'll need a good cover that can't be traced. I think I'd tell them that I'd become the Care-taker of a friend after a lifetime of being friends and he'd just disowned what was left of his family, so he willed his wealth to me. This story actually DID happen to a friend of mine a few years back and he'd inherited Millions worth of restored antique Aircraft.

Can a single photo capture the spirit of an entire event? What do you think?

What's your take on photo manipulation in the public eye: creative freedom or ethical breach?

Or bailing out your boyfriend for millions of dollars out of jail

Waspi women robbed by our crooked government

This guy should be in parliament.

For younger people not paying into their pension at all, it would kind of make sense if they were saving up for buying a home/apartment to cut their costs. Then again it’s not very realistic in the uk unless ur working remotely or already have most of ur deposit ready.

I pay in to a DB pension and read their committee report every year, their latest report states it estimated they will pay £424m in pensions and receive £229m in contributions from employers and employees, and the Fund has a value of £10.4bn at 31 March 2023, so I guess it is in a healthy state.

What’s the update on this story now?

Love this Martin!

One thing that I’ve realised this year, is the need to separate my self-worth from what I do. I’ve often felt stress and pressure to perform, often getting into depressive cycles and paralysis. My sense of self has been tied to how I perceive myself performing. The need to separate that from an intrinsic value of myself has become obvious. It’s transformed the way I look at myself and what I do in the world.

What's one change you've made that significantly improved your work-life balance?

What's your biggest challenge for 2024?

I agree that trading for the inexperienced is very risky but telling people to not invest in crypto is a massive red flag.

"I have a pension from the USS which is a defined benefit scheme. I have accumulated a total of £12,000 in my pension pot, which will provide me with an annual income of £1,030 when I retire. I left the USS after switching jobs. I am unsure if I should keep my USS pension, transfer it to my current pension provider L&G, or move it to a SIPP with Vanguard. Can you advise me on what would be the best option?"

Receiving sudden wealth will enable me to upgrade my life style. First I will not make any major purchases, I will just get use to the idea of having it and throughly do my homework about keeping it...Remaining anonymous is a must for me. .

What's your biggest concern about the UK's economic outlook for 2024? Share your thoughts below!

I am in 😂

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

Do you need to go to university and study finance to go into this or can you just go straight into studying for the CCI exams ect ect

Thank you.

Oh dear, this is worryingly off the mark. Nick Hubble on the other hand is a superb financial analyst imo.

Thanks for increasing my knowledge in personal finance and investment, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this recession. My husband and I are both retired and debt-free, and we're living smart and frugal with our money. Despite the recession, we're still earning passive income thanks to our savings and investments in the financial market. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it"

Great video. I had 6 figures when my parents died. I bought a house an nearly new car. Went on holidays and bought guitars. Put the rest in my pension and started an isa. I then saved and invested what a mortgage would have every month. Now I'm doing well and could retire. But I plan to work until retirement, hopefully part-time in a few years. Then live on the 4% rule and leave it all yo my daughter and grand daughter!!

Gold standard means gold = money, not gold = investment

If My wife pays all of her salary into her workplace pension and I buy a 2nd home in her name and she earns £1000 per month / £12,000 per year which is under the £12,750 you can earn before paying tax would that mean she wont have to pat tax on the income from her 2nd property please?

If My wife pays all of her salary into her workplace pension and I buy a 2nd home in her name and she earns £1000 per month / £12,000 per year which is under the £12,750 you can earn before paying tax would that mean she wont have to pat tax on the income from her 2nd property please?

What's holding you back from promoting yourself or your business?

Thanks. But do you take the DB tax free lump sum if offered one?

Where the hell have u been Martin ? 😂😂😂