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Old 5th Apr 2009, 14:23
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rubik101
 
Join Date: Jul 2000
Location: Thailand
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As a measure of how secure or safe your pension might be consider this;
In 1997, had I been able, my fairly substantial pension pot would have given me a pension of £1640 a month.
When I reached the grand old age of 55 I took my pension, in 2005, and was able to get an annuity from Standard Life paying £861 a month.
If I tried to buy an annuity with the same amount of money now, my pension would be £146 a month.
Good old Chancellor Gordon Brown, who removed the tax exemption on pension contributions and dividends, followed by Alistair Darling and the collapse of the stock market!
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