Taxes always hit the poor a lot harder than the rich who use financial instruments available.
Saving from around 35 years of age to ensure you are able to manage should you live into old age through pension funds is becoming a thing of the past. Younger generation need to do this on their own, put a little away via investing through any form of earnings.
Each circumstance varies, looking at stats and estimating for oneself never easy, necessary to do.
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I feel I am well behind the curve in this regard, but I am trying to catch up fast!! :D
Every little bit helps, laws are now only starting to be implemented here once again where money is taken directly from salary earnings into pension fund.
When changing workplace the pensionable amount no longer available for withdrawal, as happens with many when short, try cash in, then later have nothing.
Too many rely on Government where minority earn and pay taxes to support a majority, wheels have to fall off.
Strict on oneself when going it alone is to make a 5 - 10% minimum monthly earning and place straight into investment that is able to grow, some of these offer tax relief to individual depending on country.