Is it worth going LTD?

[Andy C]

Good luck Andy. I've 12 months to go till the 30 is up and like you are luck to sneak in with the old style pension. I currently work in fraud investigation and take it from me, Ltd companies are dead easy to set up ... all the best fraudsters hide behind them... most of them based in the City offering great investment deals in diamonds, rare earth metals, carbon credits you name it! You may even have been lucky enough to get an unprompted sales call from them!

I absolutely despise fraudsters that target old and vulnerable people. Thats one reason I want to provide a quality helpful reasonable service for them, as they are targeted so much and possibly view tradesmen with suspicion.

I remember one case particular to this trade where he groomed the old lady, now dead, and then charged her £7,500 for a new fusebox he never fitted. Absolute scumbag who is still in prison as we speak.

Good luck in your new career when you retire, I guess you just got in with the protected ten years then on your pension.

2nd rant over regarding bloody fraudsters.

 

[FatAlan]

I have current jobs going on investment / boiler room fraudsters with typical victims being elderly. Some have lost hundreds of thousands. Problem is police forces are not resourcing fraud investigations and I reckon billions have been stripped out of victims in recent years. It's all being swept under the carpet via a wonderful reporting system called Action Fraud. That's my rant over!

 

[Octopus]

Anything over my minimum charge for an old person gets a proper written estimate from me ..... And time too discuss it with family and friends

 

[FatAlan]

It's a difficult situation to judge people's expectations though in respect of what to charge. It's often discussed on here. My old man is well into his 70's and over the years has done most things DIY. He was telling me the other day that he was having trouble unblocking a drain that he had problems with before and on previous occasions he'd managed to sort. He was thinking about calling someone out to look at it but wasn't prepared to pay more than £50. I had to tell him he'd be lucky to get a call out for that and businesses have to cover their costs and make a profit that they can survive on.

 

[Midwest]

Ah ha..... So £21 k civil service pension, presumably you don't get the state pension yet?

For me to get a £21k index linked pension, I would need over £500k in as pension saved by me.....

That seems a bit of an envious post Murdoch, unlike you.

 

[Octopus]

That seems a bit of an envious post Murdoch, unlike you.

Believe me, if somebody said save 14.5 % of my salary for a guaranteed index linked pension I would sign on the dotted line immediately.

The current contributions don't cover the existing pensions...... So the burden is taken by the tax payers

 

[Midwest]

Believe me, if somebody said save 14.5 % of my salary for a guaranteed index linked pension I would sign on the dotted line immediately.

The current contributions don't cover the existing pensions...... So the burden is taken by the tax payers

You can, just become a police officer. Although I think Theresa May got rid of that particular pay condition a few years ago, so you might have missed the boat.

 

[rolyberkin]

That's gross income not what you declare!

 

[Andy C]

Believe me, if somebody said save 14.5 % of my salary for a guaranteed index linked pension I would sign on the dotted line immediately.

The current contributions don't cover the existing pensions...... So the burden is taken by the tax payers

I do think I made the right decision in 1985 to join the bobbies as the building game then was on its knees.

Murdoch is correct, with Police and Fire Service pensions. The current members pay the pensions of the retired and any difference is taken up by HMCG. Thats why they have recently 2015 changed the pension scheme dramatically for new entrants so the pension deal is not as good as it was. That is one reason why morale has dropped because it used to be 30 years or 55 now its 35 years or 65. The HMCG are trying to force bobbies to retire early and therefore their pension will be deferred to 65.

Index linking is only when you reach the retirement age e.g. 55 or 65. I retired at 53.5 so don't get index linked yet. However index linking lately has meant no increase.

the pension contributions are taken from the gross salary.

 

[FatAlan]

Thought you guys were called Busies up there?