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<blockquote data-quote="HolzKopf" data-source="post: 6693249" data-attributes="member: 44622"><p>There's a lot of negativity on here re pensions - some of it maybe well placed and based on experience. However, there is no doubt that we all need to think about how we're funding our 'retirement' / old-age - call it what you like.</p><p></p><p>We simply need to work out what we think we'll need money wise at whatever age we think we'll stop doing what we do and that calculation needs to factor in the physical side of what we do too. Ok, some maybe in a position where family coming through or employees can take over some of the physicality but in any case we'll all need money to live off whether that be a 'pension' from the State (not enough), savings (unlikely to last), investments (traditional paper based or rental income from cottages / land / buildings).</p><p></p><p>If you can work this out yourself, fair enough, but a good accountant in partnership with an ifa (and they're not all cheap suits and tin boxes) will advise you <em>now </em>for a future that suits you. It's not just about pensions, it's about money management - and that will include inheritance tax planning and what would happen to you and your family if you could no longer work before 'retirement' age.</p><p></p><p>There's plenty of <em>sound </em>advice out there. Just spend some time thinking about the future and once you have plans in place, you should only need to review and tinker on a yearly or six-monthly basis.</p><p></p><p>It's your life......</p></blockquote><p></p>
[QUOTE="HolzKopf, post: 6693249, member: 44622"] There's a lot of negativity on here re pensions - some of it maybe well placed and based on experience. However, there is no doubt that we all need to think about how we're funding our 'retirement' / old-age - call it what you like. We simply need to work out what we think we'll need money wise at whatever age we think we'll stop doing what we do and that calculation needs to factor in the physical side of what we do too. Ok, some maybe in a position where family coming through or employees can take over some of the physicality but in any case we'll all need money to live off whether that be a 'pension' from the State (not enough), savings (unlikely to last), investments (traditional paper based or rental income from cottages / land / buildings). If you can work this out yourself, fair enough, but a good accountant in partnership with an ifa (and they're not all cheap suits and tin boxes) will advise you [I]now [/I]for a future that suits you. It's not just about pensions, it's about money management - and that will include inheritance tax planning and what would happen to you and your family if you could no longer work before 'retirement' age. There's plenty of [I]sound [/I]advice out there. Just spend some time thinking about the future and once you have plans in place, you should only need to review and tinker on a yearly or six-monthly basis. It's your life...... [/QUOTE]
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