Pension

Today we had a presentation on the pension scheme on offer at work. I have to say that it was quite enlightening as it's the first time I've ever been told about pensions in detail. Well, I say detailed, but there is only so much you can cover in an hour. Thinking about retirement doesn't seem as crazy as it did a couple of years ago. You've got to plan, haven't you?

Comments

[saffronsaris]

yeah, definitely, especially when business cycles are shrinking in time. most people would probably be changing more jobs than the previous generations. coupled with increasing trends in contract employment and part-time work, i would say it is never too early to start planning AND start saving.

[Darren]

I only started thinking about pensions during my time in Japan where I was enrolled in a scheme automatically.

What I didn't realise is that once a pension starts, it doesn't stop until you die. I would have assumed once you had reached the bottom of your pot that would be the end, but of course, it doesn't work like that.