From: "Tim" 
Newsgroups: uk.finance
Subject: Re: Warning on state pension payments
Date: Mon, 4 Sep 2006 17:49:30 +0100

> >> >"Gordon" wrote
> >> >> For retirement at 65, much discussion amongst colleagues
> >> >> of a practical disposition produced a consensus that you need
> >> >> 50% of your *gross* salary as disposable retirement income...
> >> >
> >> "Tim" wrote:
> >> >Why did the group feel that someone earning (say) £20,000pa
> >> >needs a pension of £10,000pa (50%), but that someone earning
> >> >£30,000pa needs *more* than a pension of £10,000pa (33%)?
> >> >
> >> >One is OK with a £10,000pa pension but the other isn't?!  :-(
> >>
> >"Chris Blunt" wrote
> >> Isn't it obvious? Someone earning £30,000pa would have got
> >> used to living a different lifestyle than someone on £20,000. Upon
> >> retirement, they would need more money to maintain that lifestyle
> >> than someone on the lower salary. The "need" refers to the
> >> amount of money required to maintain their current lifestyle, not
> >> "need" as in the sense of survival, if that's what you were thinking.
> >
> "Tim" wrote:
> >There is no "need" for anyone to continue any particular
> >lifestyle.  That's just a *wish*, certainly not a *need*.
>
"Chris Blunt" wrote
> You misread what I wrote...

No, I properly read what Gordon wrote.  I was replying to
Gordon's post where he said:  "much discussion amongst colleagues
of a practical disposition produced a consensus that you need
50% of your *gross* salary as disposable retirement income..."