Has anybody done anything daft with their pension

Cobra said:
Yep that was it (y)
Blimey was it really 30 years ago?

Same here ;)
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1989 -1990

I only remember because I was working at the time, it was the only "job" I've ever had , always been self employed

I was only there 2 years , paid into the company pension scheme , when I left I got a letter asking if I wanted to freeze it or take a refund

It was only buttons so I thought I may as well have it back

What they didn't say was they'd be keeping all their fees

I got about 30% back
 
wack61 said:
I wasn't having a dig, they had a great time it was just the way he'd written it like it was inevtiible
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So if your serious about a Maserrati, find a local independent for servicing, make sure you know the cost and the price of usual servicing parts, brakes, tyres etc, then take a look at the price f the clutch etc.
But you'll forgive it everything for the noise...

I had the pleasure of one for a long day driving it to the Brecon Beacons for a photo shoot
 
I keep being 1/2 tempted by a Tesla. OK, a fair whack of an initial investment but relatively cheap motoring thereafter.
 
Cash in my pension then I went to my old boss house and punched him on the nose, I then kicked my neighbours bin over as they always moan about the rubbish. I then told the mother in law what I really thought of her, and her bloody scones. I then dashed off to the two waiting busty blondes who had already boarded the yacht..

Oh sorry, I just re read the thread title. I thought it was, ( What do you dream of doing after cashing pension ! )
 
Byker28i said:
So if your serious about a Maserrati, find a local independent for servicing, make sure you know the cost and the price of usual servicing parts, brakes, tyres etc, then take a look at the price f the clutch etc.
But you'll forgive it everything for the noise...

I had the pleasure of one for a long day driving it to the Brecon Beacons for a photo shoot
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I am serious , I've joined a forum to start with pricing things up

The good thing is a lot of the parts are sourced from Alfa so things that commonly go wrong are available not in a maserati box for 1/3 the price

I'm not going to rush into the first one I see, the expensive service items are brakes and clutch , around £3500 between them so a car that's has them done recently will be too of the list

When the time comes if the granturismos have dropped under 25 k I'd be seriously considering it
 
Nod said:
I keep being 1/2 tempted by a Tesla. OK, a fair whack of an initial investment but relatively cheap motoring thereafter.
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So many of them parked up in Zurich last time we went.
 
I think a tesla is a sensible option , depreciation is an unknown factor but big performance saloons lose 40% in 18 months anyway

When you factor in the free tax, no congestion charge and no fuel at 10mpg the numbers must add up
 
Lob in ridonculous acceleration and free 'lekky (at Sainsbury's, along with a virtually guaranteed parking slot [extra wide!]) and not bad looks, it's quite tempting... Might have to investigate further in a month or 2.
 
SOLD!!!
 
I want one! :cool:

I wonder what insurance costs are like.
 
Impressive performance in insane mode considering it's 2 1/4 tonne. 0-60 in 3.2 secs, or 4 secs in sport, but I wonder what that does to it's 300 mile best range? Could be useful for the daily commute, traffic light Grand Prix, but the bike wins hands down.

I can't see me changing though. My car does 4 secs, the bike does 2.5. A noble m600 will do it in 3 secs, Nissan Gtr. is about the same, probably cheaper? Has this got teslas new batteries?
 
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Byker28i said:
Impressive performance in insane mode considering it's 2 1/4 tonne. 0-60 in 3.2 secs, or 4 secs in sport, but I wonder what that does to it's 300 mile best range? Could be useful for the daily commute, traffic light Grand Prix, but the bike wins hands down.

I can't see me changing though. My car does 4 secs, the bike does 2.5. A noble m600 will do it in 3 secs, Nissan Gtr. is about the same, probably cheaper? Has this got teslas new batteries?
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All these modern cars still struggling to beat a Ford from 30yrs ago. :)
 
I don't have a pension pot and yet I think I'm fortunate. I'm already in receipt of a modest military pension but 'er indoors and me started a part-time business a while ago thinking it would become a top-up to the pension. But now we consider the military pension as a top-up to the residual income generated from the spare time activity.

And yes, the Tesla is on my list :)
 
Well I've spent a week looking and decided when next year comes this is the colour combination I want and about the money I'm prepared to spend

http://www.pistonheads.com/classifi...-4-2-duo-select------------------2006/4257211

I've had my Impreza for 2 years now and it still puts a smile on my face , when I think of selling it, it's like I'm thinking of giving one of the dogs away I'm that attached to it

But I bet it only lasts 10 minutes

I've got vertigo at the moment so my wife is driving me about, all I'm going to say is she'll only be driving it if there's an earthquake and she gets to the wheel first , that must be a record for the slowest Impreza drive ever
 
What's a pension? :lol:
 
wack61 said:
I

my thinking has changed in the last few years after seeing a couple of people die young having been scared to spend it

I know a guy who's 60,lives for cars but drives around in one that'll do with 100k in the bank

Life"s too short
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I turned 55 last month and this kind of sums me up. Got a good redundancy payment three years ago and now entitled to draw my pension. Have not touched the lump sum as 'when its spent, its spent'. I know its stupid to draw my pension now as it is decreased 5% for each year before I'm 60 - although the spreadsheet asys otherwise. An extra 5 years of money counts.

This getting old and pensionable does not make life easier. If I have a year to live, yeah, buy a nice car and do stupid things. If I live to 109 and the boiler breaks after I bought the nice car and I have very little I'm going to get cold.
 
Tulipone said:
I turned 55 last month and this kind of sums me up. Got a good redundancy payment three years ago and now entitled to draw my pension. Have not touched the lump sum as 'when its spent, its spent'. I know its stupid to draw my pension now as it is decreased 5% for each year before I'm 60 - although the spreadsheet asys otherwise. An extra 5 years of money counts.

This getting old and pensionable does not make life easier. If I have a year to live, yeah, buy a nice car and do stupid things. If I live to 109 and the boiler breaks after I bought the nice car and I have very little I'm going to get cold.
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I don't have a great deal of savings , I made overpayments on the mortgage , the upside is I now owe 5k on a 230k house and in February I won't owe anybody anything

I've still got at least 10 years work in me,I actually like what I do now so it may be longer

What I don't want to do is get to an age where I'm too old to enjoy the things I want

I'll post this again , there's a lot of people that die rich
my inspiration is the MD of a company I used to work for

lovely guy but tight like you wouldn't believe, he must have been on £70k , company car, house paid for, wife in a 10 year old micra, holidays to cornwall

Lived for rugby league, and really wanted to go to australia to watch his team play but couldn't bring himself to write the cheque

worked until he was 69 then got made redundant so had to retire

died at 72 with hundreds of thousands in the bank
 
But alternately you may live to 109, the boiler may need replacement and all you have is a memory of a nice car that you had 40 years previously. I guess there is no right answer unless you can look into the future and accurately predict your demise.

The government does not particularly support my attitude. They will tax my estate to the hilt but give me money if I'm reckless and needy. Maybe not a lot, but something.
 
Llamaman said:
I'm a tax adviser, although my specialism is corporate taxes
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That could get you hung drawn and quartered in another thread ;)
 
Tulipone said:
But alternately you may live to 109, the boiler may need replacement and all you have is a memory of a nice car that you had 40 years previously. I guess there is no right answer unless you can look into the future and accurately predict your demise.

The government does not particularly support my attitude. They will tax my estate to the hilt but give me money if I'm reckless and needy. Maybe not a lot, but something.
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It's not an African dictatorship , nobody freezes in Britain and I didn't say I was spending everything , I'm just not going to get to an age where I've got money in the bank but I'm too old to enjoy it.

The government loves savers because ultimately it saves them money when they take it off you.

Plus when you owe nothing it's a lot cheaper to live
 
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Actually that's not a very good analogy because nobody freezes in Africa either
 
Gremlin said:
It really shouldn't be taxed at all, we already pay tax on what we put in, it's unfair to pay again when you draw on it .
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Not always. My company pension is taken before tax. I still don't think it should be taxed as income though.


Steve.
 
wack61 said:
nobody freezes in Britain
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Yeah they do, sometimes. Maybe not intentionally but it happens. Happens a lot with older folk not being able to afford to heat their house.

I accept all you say, especially not spending the whole pot. Different things for different people.
 
The only reason they can't afford to heat their house is the government doesn't advise them of the benefits they're entitled to, they have to find out themselves and some are too proud to ask

It's disgraceful

My mother in law is 90 and entitled to a lot extra but she refuses to claim because she " doesn't really need it"

They can't disconnect a pensioner by law for not paying a bill in the winter

Extra protection
Suppliers have agreed not to knowingly disconnect anyone who is considered vulnerable. They mustn’t, between October and March, disconnect pensioners living alone or with other pensioners, or pensioners living with children under 18.

You may have extra protection from being disconnected if you:

  • are a pensioner
  • have long-term ill health
  • are disabled
  • have severe financial problems
  • have very young children living in your home.
If you’re in one of these groups of people, make sure you tell your supplier this when you contact them.
 
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wack61 said:
Suppliers have agreed not to knowingly disconnect anyone who is considered vulnerable. They mustn’t, between October and March, disconnect pensioners living alone or with other pensioners, or pensioners living with children under 18.
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So they've agreed to pretend to not know how old the customers are, or to wait until March to cut them off. Aww, aren't they sweet? :love:
 
Tulipone said:
...did she buy a Maserrati after she retired ;)
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No, she'll die with money in the bank like her husband did , not a fortune but enough that they could have had nice holidays when my wife was young , even now she doesn't like the rain because the windscreen wipers remind her of driving to North Wales.

IMO it's fine to leave your pension alone if like you you've been made redundant and have the money to do the things you want , but to sit there terrified to spend it in case the boiler breaks in 30 years is totally alien to me

I don't want to be a 90 year old man who can sit there nice and smug because the heating is on

I'd sooner look back on a life I enjoyed immensely and hope the cold killed me quickly
 
My father in law is reluctant to spend money as it's his children's legacy. I've told him to make their lis more compatible and not worry about the money, we don't need it (although my sister in law is banking on it). I think it's a generation thing.
 
Byker28i said:
My father in law is reluctant to spend money as it's his children's legacy. I've told him to make their lis more compatible and not worry about the money, we don't need it (although my sister in law is banking on it). I think it's a generation thing.
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Sounds like he needs a Maserati
 
wack61 said:
I am serious , I've joined a forum to start with pricing things up

The good thing is a lot of the parts are sourced from Alfa so things that commonly go wrong are available not in a maserati box for 1/3 the price

I'm not going to rush into the first one I see, the expensive service items are brakes and clutch , around £3500 between them so a car that's has them done recently will be too of the list

When the time comes if the granturismos have dropped under 25 k I'd be seriously considering it
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Do it! Apparently there is a stereo in it, but I've not used it yet.... That sound.... ;)
 
spartagates said:
Do it! Apparently there is a stereo in it, but I've not used it yet.... That sound.... ;)
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there was a maserati gathering at oulton for the gold cup, it just made it worse, especially as there was a granturismo there with my initials on the plate
 
wack61 said:
there was a maserati gathering at oulton for the gold cup, it just made it worse, especially as there was a granturismo there with my initials on the plate
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Dear me! Can you imagine the noise a gaggle of Masers would make, blimey! Did you get any snaps? Would be great to see a few :)
 
I plan to retire next July, God willing. My request for early retirement has been agreed with my company. I will be 57. Was going to work until I was 60 but last year my wife retired through ill health and we decided sod it, no kids, just the 2 of us, I'll retire as well.

Won't have a massive pension but will use money from our savings to supplement it.

First thing I'm gonna do is buy a big FO motorbike and enjoy what life I've got left.
 
Well I thought I'd give this a bump , it's been a long wait, a lot of sleeps

I've scaled down my plans , I've spent less than half what I originally intended and have gone for something that "may" increase in value

Tomorrow I'm collecting this , it needs a bit of love, mostly cosmetic , a bit of paint and a wheel refurb .

image.jpeg
 
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