i stopped paying into my pension in 2014. my pension plan has been moved to different companies on many occasions. i am currently 49 years old and would like to know how i can cash in my plan or withdraw from it. by watching your videos and others, are pension plans really beneficiary to people as it seems the government receives more from it than the individual.
@ killikFinanceVideos there is something called pension obligation and in some balance sheet the pension obligation is under asset so how can this contribute as asset??
Not everyone pays in but are entitled to a pension in the same way they are housing, UC, NHS, among just a few, then there are private pensions that you can cash in early before you're 65 and these further disable you to other benefits, so not everyone pays into the system, I have only paid in for 40 + years
Thanks for that Tim. Been watching too many Adam Curtis documentaries and The Keiser Report along with having lost most of my savings in banking shares back home in Ireland has totally put me off investing again & just been saving for years without a proper pension. So much global debt, QE, fractional reserve banking, a housing & market bubble is enough to scare anyone off. :(
Pretty much completely disappeared. Checkout the history of Irish Life & Permanent. Somehow the number of shares got diluted from 300 down to 3 by those in charge. :'(
Killik & Co why don't we just pay tax upfront on our contributions and anything that's in our account can be withdrawn tax free? by paying tax when we retire we are securung a nice chunk of money for the government. What if tax liability will increase over the next decades? instead of paying today's income tax we are gambling our money away for futures increases in tax... could you please dwell on this? why don't we have the option to pay tax now and forget about it when we retire?
hello killik I am British but I live in Mozambique with my family all British and we intend to go back to UK and my parents have already reached retirement age will be able to receive the pension from the state if we go back to uk.tanks
Mohamad Seedat you need 20 years of National Insurance contributions to qualify for the state pension. So if they have not been paying tax in the U.K they won’t be eligible. If they are British citizens then they will still be eligible for housing benefit, attendance benefit and many other things that OAP’s can get in the U.K. such as free travel cards. The link below has information on what they could get. www.ageuk.org.uk/information-advice/money-legal/benefits-entitlements/
Did you know: *The government in Poland confiscated pensions to reduce sovereign debt. *Portugal also requisitioned pension funds to reduce the mountain of debt. *Dutch pension fund lost 140 billion due to the stock market. And many more reasons we have to decide on and control our money supply. We are the change, real power and value. Become co-owner, only when acting we can achieve what we want. Become co-owner of the cooperative society-centric bank in formation at bofjoy.net/participate
Great video! Please keep posting video of CeMAP as I’m preparing for one soon! Thank you
i stopped paying into my pension in 2014. my pension plan has been moved to different companies on many occasions. i am currently 49 years old and would like to know how i can cash in my plan or withdraw from it. by watching your videos and others, are pension plans really beneficiary to people as it seems the government receives more from it than the individual.
Grant Morgan Grant Morgan no
why do the pensions I pay go to current old people instead of directly to the future me?
how much percentage-wise do you recommend invesrting into high-risk funds? I'm in my 30's and have had a pension since 2013.
Dude, you must be knackered after waving those arms around all day!
Yeah - keeps me active :)
ROFL!
I work for the council and i am on the Defined benefit final salary scheme. When i retire going to spend winters in Thailand . roll on July 2037.
I need to know if I an I get a pension from a company that I have not work for them in 20 years?
Is it worth adding extra contributions on top on top the set rate iff you can ?
My dads pension is $600 a month but he can’t cash out because it’s over 100K
@ killikFinanceVideos there is something called pension obligation and in some balance sheet the pension obligation is under asset so how can this contribute as asset??
hello killik i am getting early retire ment from nhs pension just i would like to know what kind of benifit i could apply?
can you please explain, COPE and how it affects my state pension thankyou
Like a mutual fund, defined contributions sound like?
no one guarantees the state pension? so why we pay all life to the state ???
Robstar because they can compel you to pay with force :).
Not everyone pays in but are entitled to a pension in the same way they are housing, UC, NHS, among just a few, then there are private pensions that you can cash in early before you're 65 and these further disable you to other benefits, so not everyone pays into the system, I have only paid in for 40 + years
Could you get less out of a SIPP than you put in?
Thanks for that Tim. Been watching too many Adam Curtis documentaries and The Keiser Report along with having lost most of my savings in banking shares back home in Ireland has totally put me off investing again & just been saving for years without a proper pension. So much global debt, QE, fractional reserve banking, a housing & market bubble is enough to scare anyone off. :(
Pretty much completely disappeared. Checkout the history of Irish Life & Permanent. Somehow the number of shares got diluted from 300 down to 3 by those in charge. :'(
Killik & Co why don't we just pay tax upfront on our contributions and anything that's in our account can be withdrawn tax free? by paying tax when we retire we are securung a nice chunk of money for the government. What if tax liability will increase over the next decades? instead of paying today's income tax we are gambling our money away for futures increases in tax... could you please dwell on this? why don't we have the option to pay tax now and forget about it when we retire?
Nice video, volume is a bit low though....
hello killik I am British but I live in Mozambique with my family all British and we intend to go back to UK and my parents have already reached retirement age will be able to receive the pension from the state if we go back to uk.tanks
Mohamad Seedat you need 20 years of National Insurance contributions to qualify for the state pension. So if they have not been paying tax in the U.K they won’t be eligible.
If they are British citizens then they will still be eligible for housing benefit, attendance benefit and many other things that OAP’s can get in the U.K. such as free travel cards.
The link below has information on what they could get.
www.ageuk.org.uk/information-advice/money-legal/benefits-entitlements/
Did you know:
*The government in Poland confiscated pensions to reduce sovereign debt.
*Portugal also requisitioned pension funds to reduce the mountain of debt.
*Dutch pension fund lost 140 billion due to the stock market.
And many more reasons we have to decide on and control our money supply.
We are the change, real power and value. Become co-owner, only when acting we can achieve what we want.
Become co-owner of the cooperative society-centric bank in formation at bofjoy.net/participate
WOW!
UK life expectancy at 79.4 years for men and 83.1 years for women....enjoy your 15 years of travel to a GP ;)....CARPE DIEM !!!
Thanks for the info. Your constant bouncing up and down makes it look like you need to pee.
That's also how I keep the videos under 10 minutes ;)
LOL