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TheBlueCat

How Rich Are DOSBODSers

Income & Net Worth Assessment  

95 members have voted

  1. 1. My Total Pre-Tax Income (through Employment + Benefits + Pensions + Investment Returns) Per Year Is...

    • < 10K GBP
      12
    • > 10K and < 20K GBP
      6
    • > 20K and < 30K GBP
      9
    • > 30K and < 50K GBP
      20
    • > 50K and < 100K GBP
      37
    • > 100K and < 200K GBP
      8
    • > 200K GBP
      3
  2. 2. My Total Net Assets (Savings + Investment + Pension Assets - Debts Including Mortgages) Are

    • > 100K GBP in debt
      2
    • > 50K and < 100K GBP in debt
      4
    • > 0 and < 50K GBP in debt
      1
    • > 0 and < 50K GBP in net assets
      12
    • > 50 and < 100K GBP in net assets
      10
    • > 100 and < 250K GBP in net assets
      23
    • > 250 and < 1M GBP in net assets
      36
    • > 1M and < 2M GBP in net assets
      4
    • > 2M GBP in net assets
      3


Recommended Posts

Just now, JoeDavola said:

Haven't included my pension assets in my total as I've not a clue what they are! They're nothing spectacular as I've only been paying in just over 5 years.

Pensions is difficult. I've got a bunch of old final salary ones. They kick in from 60 to 65 and will end up paying me about £650 a month by current estimates. 

Any value on that is pretty much a guess. I've already had the inflation uplift on them switched from RPI to CPI. Retrospectively on one of the earliest ones.

xD

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3 minutes ago, SpectrumFX said:

Pensions is difficult. I've got a bunch of old final salary ones. They kick in from 60 to 65 and will end up paying me about £650 a month by current estimates. 

Any value on that is pretty much a guess. I've already had the inflation uplift on them switched from RPI to CPI. Retrospectively on one of the earliest ones.

xD

For a rough estimate, compare that 650 to current annuity rates. I'd say that 650 a month probably comes out at about 150K GBP in equivalent assets.

edit to add: or any number down to 0 depending on the solvency of the pension funds in question.

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1 minute ago, SpectrumFX said:

Pensions is difficult. I've got a bunch of old final salary ones. They kick in from 60 to 65 and will end up paying me about £650 a month by current estimates. 

Any value on that is pretty much a guess. I've already had the inflation uplift on them switched from RPI to CPI. Retrospectively on one of the earliest ones.

xD

Yeah, if I knew how to calculate the total value of my pension it might nudge my total net worth just over the 200K mark, which would be nice. I could calculate the total amount (employer contribution + my own) over the last 5 years but I'm not sure if that's the figure I should be using.

I'll just pretend it does bring my net worth to over 200K, and then I can feel rich.

Image result for considerably richer

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9 minutes ago, JoeDavola said:

Haven't included my pension assets in my total as I've not a clue what they are! They're nothing spectacular as I've only been paying in just over 5 years.

 

3 minutes ago, SpectrumFX said:

Pensions is difficult. I've got a bunch of old final salary ones. They kick in from 60 to 65 and will end up paying me about £650 a month by current estimates. 

Any value on that is pretty much a guess. I've already had the inflation uplift on them switched from RPI to CPI. Retrospectively on one of the earliest ones.

xD

I only know two people who knew what their pension assets were and they'd both hired an advisor to review them.

As they're something I can't really control all I've done is a quick exercise to add their rough incomes together for information and that was a couple of years ago; I haven't turned that into a capital valuation as I can't take the capital and just regard them as future income streams like the state pension that I hope to live long enough to receive.

4 minutes ago, TheBlueCat said:

For a rough estimate, compare that 650 to current annuity rates. I'd say that 650 a month probably comes out at about 150K GBP in equivalent assets.

edit to add: or any number down to 0 depending on the solvency of the pension funds in question.

And if interest rates treble that probably halves the theoretical capital value.

Best not to dwell upon it IMO.

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11 minutes ago, SpectrumFX said:

Pensions is difficult. I've got a bunch of old final salary ones. They kick in from 60 to 65 and will end up paying me about £650 a month by current estimates. 

Any value on that is pretty much a guess. I've already had the inflation uplift on them switched from RPI to CPI. Retrospectively on one of the earliest ones.

xD

About 250k.

Mrs spys has a 600/ mdb pension . Thats how much they offered for buy out.

4 minutes ago, Frank Hovis said:

 

I only know two people who knew what their pension assets were and they'd both hired an advisor to review them.

As they're something I can't really control all I've done is a quick exercise to add their rough incomes together for information and that was a couple of years ago; I haven't turned that into a capital valuation as I can't take the capital and just regard them as future income streams like the state pension that I hope to live long enough to receive.

And if interest rates treble that probably halves the theoretical capital value.

Best not to dwell upon it IMO.

You can with a dc pension.

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