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Who is the wealthiest poster on nsc?



Bladders

Twats everywhere
Jun 22, 2012
13,672
The Troubadour
It’s ....it’s me isn’t it ?

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WATFORD zero

Well-known member
NSC Patron
Jul 10, 2003
27,772
I went on a pension seminar (paid for by the company) before I retired and the feller there said that final salary schemes in general (and the BT one in particular) are better than ANYTHING you would get by transferring out. His words were "anyone who tells you different is a fool or a crook".

In general that is correct and I have two that are certainly better than the cash value (as long as I live a few more years :wink:), but I had one where the cash value was over 50 times the projected annual pension, only 5 years prior to me becoming eligible for it. It was a pleasant surprise as it was from one of the major Banks back at the start of my working career that I had lost track of, and only chased up because I was coming up to 'that age'.

It was then a little frustrating having to pay a significant sum to get the mandatory transfer 'advice' which consisted of stating the bleedin' obvious :rolleyes:
 




Cheshire Cat

The most curious thing..
Was multi. Now I just sit down the park with a bottle of Buckfast in a brown paper bag, rueing NSC naps....
A bottle of Buckfast...... You're lucky.......
 




dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,550
Burgess Hill
Investment advisors are ten a penny . Do your own research and save yourself paying all their commission !

All good practice investment advice is freely available online . You can then use far cheaper online execution only services .

Not possible. Investment advice is a regulatory requirement (I think if the value exceeds 30k). It’s also incredibly complicated - the actuarial calculations are frightening (and I work in the finance industry)
 




East Staffs Gull

Well-known member
Jan 16, 2004
1,421
Birmingham and Austria
Not possible. Investment advice is a regulatory requirement (I think if the value exceeds 30k). It’s also incredibly complicated - the actuarial calculations are frightening (and I work in the finance industry)

It is a requirement to obtain financial advice if you want to transfer from a final salary scheme to a money purchase scheme and the transfer value exceeds £30,000. You are not obliged to follow the advice.
 












Wardy's twin

Well-known member
Oct 21, 2014
8,867
well its not me if we are talking financial assets, but I have a great wife, 3 lovely daughters and 2 fantastic grandchildren
 


AmexRuislip

Retired Spy 🕵️‍♂️
Feb 2, 2014
34,764
Ruislip
We used to have 2 wages coming into our fold, but after my wife retired early due to health reasons, we've had to adjust to my wage.
We do not owe any money to any bank etc......
Mortgage paid off five years ago.
Saving money is the hardest part, as long as you don't have to use it for important stuff like roof repairs etc....
I'd like to retire early, but obviously that's no going to happen anytime soon, so as long as I'm working full time, my plan still will come to fruition.
Money is not everything, but it helps :facepalm:
 


R. Slicker

Well-known member
Jan 1, 2009
4,490
I wouldn't mind being 10p behind [MENTION=2719]Mouldy Boots[/MENTION]
 








dingodan

New member
Feb 16, 2011
10,080
ImageDetail_beab10ce-489e-4f3d-93ed-2faf54baa05e
 






portslade seagull

Well-known member
Jul 19, 2003
17,949
portslade
The one thing to remember is no matter how rich you think you are you cannot take it with you when you depart. No point being the richest man in the cemetery. Enjoy it whilst you can
 


Super Steve Earle

Well-known member
Feb 23, 2009
8,929
North of Brighton
The one thing to remember is no matter how rich you think you are you cannot take it with you when you depart. No point being the richest man in the cemetery. Enjoy it whilst you can

It's about finding a balance. It might help to know the departure date for self and spouse, but I don't want to know!
 


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