alot of people have been caught in the private pensions changeover. i.e too old to take out a private pension plan. not enough years to pay into , plus very low wages paid to workers to support paying into a pension fund that will be of any use at all. i opted out of the state pension under maggie then lost my job. i could only pay into the scheme a very small amount monthly. i then had to rejoin the state pension scheme . my graduated pensions accrued were stood against my additional pension and reduced my income when i retired at 71 yrs old. at least the younger people now have time to build up a pension pot, something that i didnt have because of age. how can you build a pension pot on minimum wage ? members of parliament really do live in cloud cuckoo land. rant over ... as i have said before .. we all have different financial circumstances.
