Quote Originally Posted by BCram View Post
Thanks Rross. I was trying to find a way of means testing state pension. I wonder what the really wealthy get from their final salary schemes. If you retire on 2/3rds final salary based on ?150k final salary you would get ?100k. How much of a fund would you need to earn that if you had to build it up, yourself? Also how much would you need to buy an annuity? Sorry for the questions, but I dont think the problems of pension funds is being properly addressed.
Pensioners are like farmers, never met a poor one.