Buttercup wrote:Good luck, EA.
Although I didn't earn a huge amount in Taiwan, I had no dependents or responsibilities so my attitude to money has always been 'ignore it'. The plus side to that attitude is that I never spent all my salary, however miniscule it is. My head is firmly in the sand and I should really have financial plans other than being nice to the old people in my family, hoping my boy will reveal himself to be a secret aristocat with a castle in Germany or daydreaming that I will leave my laptop in a taxi which will be picked up by Tarantino.
Not dying alone in a rented hovel in Bangkok is a good thing for me to aim for but I don't understand pensions and most of my father's generation are already dead. I'm just not sure if it's a horse worth backing, gene-wise.
Should I just try and save money? Do pensions give you more back? Will I be able to donate it to charity if I die in my fifties?
Aiyo. Teatime. Real life is creepy!
Buttercup - never quite sure how seriously to take your posts.
Pensions in the UK are horrible - you pretty much have to buy an annuity when you get to retirement and annuities just line the pockets of the insurance companies.
In your positions I would focus on setting up 2 savings pools - one for long term and one for whatever short term goal you are most focused on - e.g. car or travel
In addition you should make sure you have up to date trab\vel insurance as you are likely to jump on a plane with no notice
Not sure how stable your income is but some income protection in the form of a permanent health plan should be affordable - baiscally if you get hit by a bus and can't work you could fund your retirement to bangkok
Thanks everyone who sent positive messages. I went and talked with an IFA firm in HK yesterday - think I'll be talking to a few more.