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21 Aug 19, 05:24 PM |
#111
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Imagineer
Join Date: Feb 13
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see my earlier post on this. I was basing that a Florida holiday for a family of four would cost £10k+ these days for most.
It was just for illustration. The other side is that some go multiple times per year. The point is more that it is about choices we make rather than the number. Edited at 05:25 PM. |
21 Aug 19, 05:27 PM |
#112
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Imagineer
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My pension kicks in at the same retirement age as my state pension which at the moment is 67.
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Jenny July/August 2010 ~ Villa, Mission Park & RPR, July/August 2012 ~ DIBB Villa, Highgate Park & RPR, July/August 2014 ~ Sadly had to cancel, August 2019 ~ POR 1st time on site New York 2017, trip report HERE |
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21 Aug 19, 05:32 PM |
#113
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Imagineer
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3 of us went for just under 6k including quick service dining in peak summer season, took very little spends. Saved for 2 years and some of that on a 0% card.
I think quite a few dibbers only go every other year or even longer in between. If you look at the yearly glitch thread you will see a lot of us can only do Florida on the cheap 😉
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Jenny July/August 2010 ~ Villa, Mission Park & RPR, July/August 2012 ~ DIBB Villa, Highgate Park & RPR, July/August 2014 ~ Sadly had to cancel, August 2019 ~ POR 1st time on site New York 2017, trip report HERE |
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21 Aug 19, 05:42 PM |
#114
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Imagineer
Join Date: Feb 13
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So if 6K is for three, then it might be around 8K for four - plus some spends. Not a million miles off what I quoted. Like I said above, the number isn't the important bit - it is that fact we all get to make choices. Change the number to anything you want - the point still remans - you chose to spend it on a holiday or anything else or you can save or invest it. Use a pension and if you are a tax payer you get 25% tax back for free. And if your employer offers salary sacrifice you get the 15% NI added as well. Money for free. (the %ages used are on net pay not gross) Edited at 05:43 PM. |
21 Aug 19, 05:49 PM |
#115
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VIP Dibber
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I keep reading that we can’t afford state pensions... but how do other countries afford it... we have one of the lowest state pensions in the world with one of the highest state pensions ages... what on earth has gone wrong?
And the baby boomers being well off is a myth to divide opinions and make the changes to pension ages seem more palatable to the younger generation...
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May 2012 3 weeks Highgate villa, RPR & Barefoot Beach Resort May 2010 2 weeks The Point Orlando Resort & Clearwater |
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21 Aug 19, 05:53 PM |
#116
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Imagineer
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Or maybe we can pay into a pension and have a holiday every few years when we work hard.
Our old neighbour growing up was of your thinking, the family never had holidays put everything he had into different pots so they could retire early. 50 years old diagnosed with early onset alzheimer's, in a care home for 55, his saving and house split down the middle with half for his wife to live off and the other half paid all his fees. My husband worked hard died at 60. I am paying into a pension but I do believe we are allowed to live as well. The people i talk of and live amongst pay their mortgage/rent, bills and living cost and are lucky to get a sun £9.50 holiday a year and you are judging those people for not saving and being unhappy that we cannot retire at a reasonable age when in these very working class areas people are not living into their 80s.
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Jenny July/August 2010 ~ Villa, Mission Park & RPR, July/August 2012 ~ DIBB Villa, Highgate Park & RPR, July/August 2014 ~ Sadly had to cancel, August 2019 ~ POR 1st time on site New York 2017, trip report HERE |
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21 Aug 19, 05:54 PM |
#117
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Imagineer
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Rather than asking the general public to pay slightly more in taxation, the government has decided to raise the pension age and at the same time, reduce the tax rate for those earning above £150k a year.
Other countries pay far higher taxes to fund their pensions. There is no way that will happen under the Tories |
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21 Aug 19, 05:57 PM |
#118
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Imagineer
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Yeah, but your number was at the higher end. Most DIBBers don't go on £12K holidays every year. And as the DIBB has often shown, an occasional holiday to Florida can work out no more expensive than a yearly holiday in, say, Spain.
My second point was, even if I put all the money I spend on Florida holidays into a pension pot, I won't have anything near enough to live off when I retire. It would make little difference to my pension. So, sure, I can choose not to go to Florida every so often. But I still won't be able to retire "early" (before 70) if I do.
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DLC: Jun 1996 // DLP: Aug 2013 // WDW: Dec 1997 | Feb 2000 | Mar 2001 | Feb 2006 | Oct 2010 | May 2012 | Aug 2014 | Apr 2016 | Apr 2023
~ Trip Report Indexes ~ Edited at 06:00 PM. |
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21 Aug 19, 06:00 PM |
#119
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Imagineer
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Saved for over 2 years plus credit card, last time I went was 2012.
You seem to quoting £10,000+ every year to get your figures ! So completely different
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Jenny July/August 2010 ~ Villa, Mission Park & RPR, July/August 2012 ~ DIBB Villa, Highgate Park & RPR, July/August 2014 ~ Sadly had to cancel, August 2019 ~ POR 1st time on site New York 2017, trip report HERE |
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21 Aug 19, 06:03 PM |
#120
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Imagineer
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Spot on. TSpill has either a) a final salary pension b) £1m+ in a SIPP to retire at 53 to live comfortably
To suggest that younger people should give up holidays and iPhones and they will be able to retire at a similar age is farcical now that the decent final salary pensions have disappeared. |
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