It’s nice to have the 75 money rolling in every month, but it’s also annoying because of the tax, especially once you start to get a proper wage coming in.
The Mirror Group issue, where Maxwell was allowed to do what whatever he wanted with the pension pot, shouldnt happen any more, I’d like to call the people who have been scammed, as above, stupid but theyre not, just naive and lacking a bit of thought. The system should have stopped this happening, however, when it does, people then complain that’s its their money. My Dad lost quite a few quid on those property bonds despite me warning him off, he loved the glossy brochures and wouldn’t be told. Scammers and shyster are well trained in what they do, people get suckered in and even the brightest folk sometimes get caught out.
Anyway the good thing about pensions is that for every £100 of my own money up to 10% of basic, I have £200 added to my pension and £40 less in tax to pay.