TZ-UK Forums TZ-UK Forums ryanb741
Assuming the average pensioner lives to 83 and starts taking out at 66 that’s 17 years at around £12k a year state pension so a total cost of around £204k per head.
What would be the flaw if instead the government stuck £25k for each new born child into a stock market tracker that activates as withdrawable from the age of 65? Assuming a modest 5% above inflation return annually (historically it’s more like 7%) that would see the fund at just shy of £600k in today’s money per pensioner at 65.
I assume I’m not a once in a generation genius and other folk have thought of this rather simple idea so what’s the flaw?
