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    (Original post by trustmeimlying1)
    lucky yeh wont have to work till 65 to get access to it.
    I think mine is 55, although ive not really checked. The plan has always been to have sufficient non-pension investments to cover the gap from 40s-55 or whenever the pension age is.
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    23 and about £8k. About a third of that I've saved since October as I currently have a decent and stable income.

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    (Original post by Reue)
    I think mine is 55, although ive not really checked. The plan has always been to have sufficient non-pension investments to cover the gap from 40s-55 or whenever the pension age is.
    thats great if it works for your company but I think in the likes of nhs if yeh leave before 65 you dont get the pension.

    so youd be covering the gap from 40s-95
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    (Original post by trustmeimlying1)
    thats great if it works for your company but I think in the likes of nhs if yeh leave before 65 you dont get the pension.
    You think wrong

    If you leave before the pension age then the amount you receive is reduced based upon your number of contributing years. You cant just lose a pension.
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    (Original post by Reue)
    You think wrong

    If you leave before the pension age then the amount you receive is reduced based upon your number of contributing years. You cant just lose a pension.
    Under the HSE Scheme all new hires** joining the Scheme have; A minimum retirement age of 65 years. No compulsory retirement age (subject to suitability and health requirements). A minimum of 2 years' service is required for eligibility for benefits (no minimum service is required however for death in service benefit).
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    (Original post by mkap)
    im 18, my dad and grandma saved around 12k for me, since i turned 18 i got a job and saved around six grand. so 18k.
    y helo :flutter:
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    I invested all my savings in books, so I have many pages of wealth but zero savings in money.

    Good luck to you suckers when the banks crash.
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    (Original post by the bear)
    y helo :flutter:
    haha am not touching any of that, its for my future and stuff. mortgage and kids education lol
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    I'm 20, I have an account with +20 000€ from my dad, and an other with around 15 000€ from my grandma, and an other with 10 000€ I get from insurances after an accident

    For your age it's a really good start !!
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    (Original post by mkap)
    haha am not touching any of that, its for my future and stuff. mortgage and kids education lol
    le sigh :pierre:

    you are so sensible.
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    Im 17, i think i have about £400 saved

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    (Original post by trustmeimlying1)
    Under the HSE Scheme all new hires** joining the Scheme have; A minimum retirement age of 65 years. No compulsory retirement age (subject to suitability and health requirements). A minimum of 2 years' service is required for eligibility for benefits (no minimum service is required however for death in service benefit).
    Yes, that means you cannot begin to claim from the scheme until you are 65. It doesn't mean you have to work with them, or work at all, until you are 65.
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    £0 -_-
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    (Original post by Reue)
    Yes, that means you cannot begin to claim from the scheme until you are 65. It doesn't mean you have to work with them, or work at all, until you are 65.
    wow very interesting. wasnt aware. cheers for the clarification!!
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    I really need to get a job this summer😴
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    (Original post by Reue)
    x
    Do the new personal saving allowances help/hinder you in your circumstances?

    Probably a lot of people who were higher rate earnings who had 20% interest deducted at source but then didn't bother to declare the other 40% whereas the new rules probably mean fewer are likely to do that?
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    (Original post by Zerforax)
    Do the new personal saving allowances help/hinder you in your circumstances?

    Probably a lot of people who were higher rate earnings who had 20% interest deducted at source but then didn't bother to declare the other 40% whereas the new rules probably mean fewer are likely to do that?
    Makes no difference to me, I dont keep large amounts of cash savings.
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    (Original post by Reue)
    Makes no difference to me, I dont keep large amounts of cash savings.
    Yea I probably just need to re-think what I'm doing.
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    Im 24 and ive saved about £35,000
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    20- £0 personal cash but if i count the stuff below (just moved my last cash to my buy account for my business )

    my investments
    a krugerrand ( set as a pendant on a chain) £1200
    5 half sovereigns (set in rings) £1,000
    2 full sovereigns (set as cufflinks) £500

    my inheritence
    three precious metal statues £15,000
    two precious paperweights- £1200
 
 
 
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