I haven't voted as i'm 40
Although i get a pension from working from the age of 16,but i also pay into a PPP ( Private Pension Plan ) which i choose to retire and get a lump sum at the age of 55.
But from ths statement
Quote:
| Originally Posted by Porg Apparently, younger people are far less likley to have any sort of pension. I certainly dont. I cant afford to save any money, i have more important debts to worry about (student loan for one). |
I will add my 2'ps worth.
It doesn't matter what debts you have or how much you earn, at the age of 23 Prog, you should have a pension plan to which you can at least put in a fiver a month, then when your wages grow , you can add to the pension.
What makes me mad seeing "" I cant afford to save any money, i have more important debts to worry about "" ,,,,,,
Give up drinking those TWO drinks in a pub a month, and put that money towards your future rather than pissing up against the wall, doing your kidneys in.
Today , in the post , i got the INLAND REVENUE EMPLOYERS BULLETIN.ISSUE 18 whch can be downloaded off the net.
Page 6 ....extract.
Student Loans..... There will be an increase to the annual threshold for the collection of student loans from April 2005. This is relevent to all employers who have received either an SL1 or P45 with a "Y" in the " continue student loan deductions " box.
Currently if an employee earns below £ 10,000 per annum, pro rota for each pay period,No student loans deductions are made. This threshold will be increased to £ 15,000 from 6 April 2005.
We will revise the student loan deduction tables ( SL3 ) nearer the time so employers can take account of the revised threshold.
Don't know if that helps you ?
andy