Monday 13 September 2010

Pensions

We have now entered a new phase of our lives - pensions. I appreciate living in the UK - at least we don't have to think about 'rolling over' our money, financial advisors and the current unreliable economy which could shoot your expected pension down in flames. And of course in Australia you hope that you can still get some State Pension after paying all those taxes.
Here, you apply for your State Pension, it is calculated for you and then you receive it. And in our situation they have honoured the years we spent in NZ and Australia, which is most appreciated. Of course, in my case, there is also the fantastic Teachers' Pension which gives you a pension that is based on your final salary.
Still it is a complicated process as all the pensions come in at different times and at this moment I am feeling rather daunted by it all. The question still remains 'Will we have enough money?'

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