€500,000 - Enough to retire on?

Discussion in 'Pensions' started by The Pool Boy, Jan 13, 2017.

  1. mtk

    mtk Frequent Poster

    Posts:
    346
    yep and for a real example i had 150k in june 2009 in an old DC scheme I had left....now its at @320k
     
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  2. fistophobia

    fistophobia Registered User

    Posts:
    48
    I accept that compounding and gross roll-up work in a pension wrap.
    However, try accessing the money early - you cant.
    I watched a parent retire at 65 with great plans for future leisure activities, only to be dead 2 years later.
     
  3. Gordon Gekko

    Gordon Gekko Frequent Poster

    Posts:
    2,235
    Which was sad, but it's not a reason to ignore pension funding. And with the ARF option, one's spouse "keeps the pension".

    There will always be push back when it comes to pensions. But the structure can't do everything; the relative lack of early accessibility is the price to be paid for the extraordinary tax break.
     
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