Reply to post: Re: Perspective

FTX's Sam Bankman-Fried charged with fraud by just about everyone

Anonymous Coward
Anonymous Coward

Re: Perspective

mmm, weird, as gov have forced my company to enrol me in a personal pension.

look personal pensions are lying.

their sales wankers will make it look like you can retire nicely for X% per month of your income (normally around 10 to 30%) then tell you all these future promises (which are bollocks!).

if you die before retirement, it's all gone you got fucked.

if you live to retirement your then made to "convert the pension pot to an annuity" (another way to take another slice of that pot from you, you got mini-fucked).

Then unless you live for 25+ years, guess what they fucked you good!

In reality due to all the schemes to rip you off, you would need to put 50%+ of income on your pension.

So the moral is unless you are already rich/rather well off, a private pension will do shit all for you.

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