Re: perks for the over 60s
Posted by geoff the bonnie on February 20, 2021, 10:03 am, in reply to "Re: perks for the over 60s"
When my kids were young and home, i was able to get free milk, school meals, council tax reduction,free dental treatment and some extra money. This shows just how my pay was low working for local Government.However, i did realise my pension scheme was possibly the best out there at the time so paid in from the first year i worked there. |
What i did find was the eventual payout was astounding compared to what i paid in and took the payment and retirement at age 56. My personal fund was at 500,000 pounds back in 2010. The new private pensions are rubbish in comparison. My pensions and wifes pension are now more than we can spend so no pension credits or council tax benefits.
I had a Brother who,in the last few years before his state pension, bought a mobile home and spent about 150 days a year away.He made sure all his money was gone and then claimed the pension credit. Brother 2 had an RAF and Government pension plus state pension and lived very well touring Europe. Brother 3 saved nothing and has the full state pension which is 50 pounds more than mine but does rent out some flats he owns.
As a family, we all worked hard and saving was a thing learned from parents as well as advise to buy property as soon as you are able.
6 of us Brothers and Sisters did buy houses early after marriage. Looking at prices now, not many young people can raise the deposit required as they like high spending lifestyles.
At 20, i was working around 80 hours in my full time job and my Evening bar work. I had to get just 300 pounds deposit to buy. That was a lot compared with wages. remember, beer was 15p a pint at the bar.
The family are all hard workers and most Grandchildren found jobs easily, albeit, low paid at the young age.All have managed to buy scooters and motorbikes and then go onto car ownership when old enough. They keep me active with requests. Good fun to have 17 of them.