Pretty much any investment in stocks & shares will have lost value over the last couple of years (unless you're very lucky or very clever). Brexit followed by covid followed by war in Ukraine. I'm hoping mine has time to grow again before I need to draw a pension. On the plus side for anyone still paying into their pension - your £x per month will be buying more shares now than it did a few years ago.
Doncaster, South Yorkshire. Soil type: sandy, well-drained
It's been up and down for a while - about 18/19 was another smaller blip - but the fund had shown some recovery to Dec 21 (even with Covid)- then, as you said Ukraine/Energy has hit. Now I don't think I have enough to last out til the pot builds back up - given that at the moment it's still dropping like a stone.
mine isn't huge - I never dreamt it would be just me (I always thought that I'd go first and my wife would then have had the pension pot eventually!), so I had always assumed on having two state pensions coming in initially anyway and that would have kept us going without recourse to the pot unless for emergency type things. Now I have the remnants of the diminishing private pot, that if I draw down over the tax threshold, gets taxed anyway. It's my own stupid fault anyway, as I gave up after my wife's illness/death and never went back to work. Anyone know of any jobs going!? I'm good at....actually can't think of anything....!
@steveTu , that's very sad. I assume your pot is still enough that you can't get any extra help from the state. If you're serious about working, B&Q seem to employ quite a lot of people who aren't spring chickens (at least the branches round here do - I feel quite young when I go in there sometimes). No idea what the pay or hours are like though. It might be more trouble than it's worth.
Doncaster, South Yorkshire. Soil type: sandy, well-drained
Thanks both. My son is still at home at the moment (finishing a PhD - that he said just now that he'd finished and would be submitting to his supervisor! Huzzah!) and as soon as he goes/starts work, then I'll be doing the same. I'll find something even if it means changing the colour of the light bulbs....
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When you don't even know who's in the team
S.Yorkshire/Derbyshire border