Blog: It’s best not to save for a rainy day

  • Story by: Girlie Garduce
  • Magazine: FinancialAdviser
  • Published Thursday , September 25, 2008

Saving for a rainy day is a saying that many of us have yet to action. Being encouraged to sign up with a work pension or private scheme from the moment we pen a suitable career option on the CV, is one we are all familiar with.

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Put simply, paying into a pension pot over the duration of long-term time equals receiving pension payment upon retirement. Easy peasy. Or so you would think.

But not in the case of my mum. Having worked full-time for a staggering 45 years, she has paid her dues every month into an employment pension pot, before retiring three months ago.

But has she received any payment for contributing to the face of the government’s National Health Service?

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