Claim your cash - Britains hidden fortune - ITV

Kateykrunch

Callistemon21

No, but I have recorded it so will watch with interest.

Will be interesting to hear what you think when you've watched it. (It really didn't give much detail) just I am bewildered how 9 small pensions over ? years, yielded so much.

I still haven't watched it!

However, I'm presuming the amount in the pension pots are £64,000 and £34,000 respectively and annuities will be bought with those amounts, not that those amounts are the pensions per annum.
iyswim!

How she accumulated 9 or 10 pensions, two of them amounting to that much each, is very surprising.

I bought an annuity with Equitable Life and only paid a small amount but have received much more due to Compound Interest.

welbeck

but pensions are not like ordinary investments, are they.
they have their own advantages and restrictions.
i don't know the details, am not really financially minded,
but i don't find it odd at all.
isn't it the length of time accruing, more than sum contributed at the time, that leads to those figures.
and if that was all you had to live on when retired, it wouldn't be enough.
i am not explaining my thoughts clearly here. partly because it's not my field. at all.

Well, she did really well from just 2 of her 9 pensions over what must have been only a few years each and considering she is only now around 60, but well done her. I just wish there had been a bit more detail in the programme as if she had made voluntary contributions and kept paying into them all for 40 off years, then it might have been a bit more understandable.

Callistemon21

No, but I have recorded it so will watch with interest.

Will be interesting to hear what you think when you've watched it. (It really didn't give much detail) just I am bewildered how 9 small pensions over ? years, yielded so much.

and if that was all you had to live on when retired, it wouldn't be enough

Losing or forgetting about pensions, however small, is careless. Even small amounts can make a difference and mean the difference between being on the poverty line in retirement and having enough to live comfortably.

It also means the companies won't just keep those amounts in their coffers as forgotten or zombie funds and the public may not have to pay out benefits either.

but pensions are not like ordinary investments, are they.
they have their own advantages and restrictions.
i don't know the details, am not really financially minded,
but i don't find it odd at all.
isn't it the length of time accruing, more than sum contributed at the time, that leads to those figures.
and if that was all you had to live on when retired, it wouldn't be enough.
i am not explaining my thoughts clearly here. partly because it's not my field. at all.

No, but I have recorded it so will watch with interest.