Talk Morgan Forums Community The Malvern Arms Thought for the day (Black humour warning!)

As a "younger" member each day I am further away from retirement and any (??) state pension than the day before.

I'm developing plan B, not least that my final salary pension scheme closed a while back.

In Australia each employer must pay 9.5% (up gradually from 9% to 13% over several years) in to a fund. This is your money so what is not spent in retirement goes to your estate. There are tax incentives to put money in and to take out (above a certain age). You can invest your superannuation fund in to many things, such as property, art etc. BUT you must gain no enjoyment from them. So a garage of AreoMax's anyone?