Can pension salary be enough to build a house for a retiree??

[marky]

To fabricate a House after retirement is reliant on how enormous of in vogue house you need to build.because on the off chance that you are assembling little house or not going through high measure of cash so this annuity cash would be more enough.but if your benefits cash is in less sum or you likewise need to construct huge house so then you should require additional add up to construct.

 

[Sanusi]

It depends on the amount of money that is being deducted from your salary, if the amount is high then its possible for you to build a house through pension but if the money is not much like you are earning like 40 thousand.

 

[Eodine]

If you are in a developed country, not Africa, pension would be a significant and might not be stressful to get but down here it depends on where you work if they have good standards they might pay on time and if it is in the public sector, you might need prayers to back up your pension request.

 

[Snazzy001]

It depends on the kind of the retiree, the grade level attained, and the type of profession.
You will agree with me that retired general in the army collects much more than a retired teacher.
It also depends on the nature of the person, you dont expect a retiree who has children to take care of to bother himself about building a house.
In nigeria with the current state of the economy, some states find it hard to even pay retirees fully as they ought to.

 

[marky]

To manufacture a House after retirement is dependent on how gigantic of stylish house you need to build.because in case you are collecting little house or not experiencing high proportion of money so this annuity money would be more enough

 

[Godleads1]

Irrespective of the level and the amount a pensioneer receives monthly, all that is needed is determination and discipline. A pensioneer with this two, would be able to build a house someone in service can't.

 

[Debola]

Their are countries that pays their retirees considerable amount of salary as a reward for the years dedicated during their active service career. While some countries pay their retirees less salary after bowing out of service.

Do you think that the salaries they pay this pensioners will be enough for them to build a 3 bed room flat apartment well furnished??

It really depend on the country you are from or retiring in. For a country like Nigeria the pension given is bearly enough to feed so there is no chance a pensioner would afford to build that on his/her pension.

 

[Planet408]

The level you were before you retired from your civil service will determine how rewarding your pension would be. It also depends on the kind of structure you intend to raise. If your pension is reasonable, you can use it to raise a decent structure.

 

[HIFSA LAHORI]

I think so pension amount is just enough for daily use. But with pension you can save a small amount and build your home in installment.

 

[Jenny]

It all depends on the kind of house and the grade the pensioner was meaning that a grade 8 salary will be as higher than a grade 12, so I think it can be enough depending on his salary.

 

[Christopher]

Well shall as I know so of the people working can build a house with there own salary. But it depends on much income he or she make. And also depends on the type of house the person chose to build for his or her self. A person earning Small salary can not think of building a mansion

 

[Eodine]

Yes, pension after retirement might just be enough to buy a house if you have started saving early do your retirement so the money would be huge or if you worked in a government firm, the government provides big money this money can be used to acquire a house.

 

[Tito4u]

Pension salary is seen as the same as when you're in service. And while I. Service, your salary alone is not enough to build a house. Coupled with your salary, you still have to go for loans inorder to complete the project. Therefore, pension salary is not going to be enough to build a house completely.

Post automatically merged: Feb 9, 2021

Pension salary is seen as the same as when you're in service. And while I. Service, your salary alone is not enough to build a house. Coupled with your salary, you still have to go for loans inorder to complete the project. Therefore, pension salary is not going to be enough to build a house completely.

 

[Akinwale701]

of course it can be, provided that the pensioner cultivate the habit of saving money and minimize excessive spending... Also the amount of money being paid as the pension also goes a long way in determining whether to is going to be enough to build a house or not

Their are countries that pays their retirees considerable amount of salary as a reward for the years dedicated during their active service career. While some countries pay their retirees less salary after bowing out of service.

Do you think that the salaries they pay this pensioners will be enough for them to build a 3 bed room flat apartment well furnished??

 

[Sincerem]

of course it can be, provided that the pensioner cultivate the habit of saving money and minimize excessive spending... Also the amount of money being paid as the pension also goes a long way in determining whether to is going to be enough to build a house or not

Yeah, pensioners need to cultivate high level of saving in order to come out in top and stay strong financially to build a house of their own. But doing such savings when they are still on service would have been better than saving during retirement.

 

[Princeeffiong]

It's possible to build a house with your pension money but how is the money, what kind of house do intend to build, where is the location of the land to know how much you will rent an apartment? These are the questions you need to ask yourself.

 

[Victor001]

Their are countries that pays their retirees considerable amount of salary as a reward for the years dedicated during their active service career. While some countries pay their retirees less salary after bowing out of service.

Do you think that the salaries they pay this pensioners will be enough for them to build a 3 bed room flat apartment well furnished??

Honestly,your pension funds are for your personal usage and not for large investment.if at all you have intentions of investment, housing should not be the priority with pension funds.

 

[Setfragil]

There are different types of jobs with different salaries and your educational background will determine your level. For your pension to be determined, the years you spent in service and your level will determine how huge your pension will be. So, if your pension is huge and your targeted area that you want to build the house is not expensive, you can build a three bedroom house with your pension.

 

[FreshKaz11]

Their are countries that pays their retirees considerable amount of salary as a reward for the years dedicated during their active service career. While some countries pay their retirees less salary after bowing out of service.

Do you think that the salaries they pay this pensioners will be enough for them to build a 3 bed room flat apartment well furnished??

Their are countries that pays their retirees considerable amount of salary as a reward for the years dedicated during their active service career. While some countries pay their retirees less salary after bowing out of service.

Do you think that the salaries they pay this pensioners will be enough for them to build a 3 bed room flat apartment well furnished??

Don't know about other countries but mine belove country,nigeria I don't think it's possible for them to give you what you really want in life ,because most of this companies owner don't want you to enjoy your retirement...

So its what they can do but they won't do it for you,because they want you and your family to always come to them for help...

 

[eenya00]

I cannot categorically speak for a developed country where the system works properly and how there pensioners are being paid. but for an underdeveloped countries or for a developing countries I seriously doubt if a pension salary or your pension fund can build a house.