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Pensions

· Note · Commentary

It’s that time of year when my pension statement arrives – usually the cause of some amusement. Evidence of neoliberalism’s utter failure to provide a decent existence, exhibit 1:

Screenshot of my pension summary, which says I’ll receive £256 a month.

This is what I’ll receive every month if I continue to earn my current salary for the next 19 years.

I earn above the national average and I’ve been paying into private pensions throughout my adult life. 41 years’ work will provide me with a grand total of around £300 a month when I retire.