RABDF farmer questionnaire

Win a free case of wine and tickets to
Dairy Event and Livestock Show.
Simply complete and return your
questionnaire by 31 st July 2008
RABDF Pensions Survey
All information is confidential and no single response will be identified. In order to be applicable for the prize draw please
state your name and address or RABDF membership number.
Full name:
Pensions Direct
Address:
Postcode:
RABDF membership number:
FARM INFORMATION
1.Total number of cows:
2.Milk yield per cow (per annum):
litres
3.Total number of hectares: 0-50 51-100 101-150 151-200 200+
4.Total acres farmed which are:
Owned
Contracted
Tenanted
5.Number of full time workers (not family):
Of which are self-employed:
6.Number of part time workers:
7.Number of family staff:
8.Legal entity of farm:
Sole Trader
Partnership
Family Company
Limited Company

ABOUT YOU
YOU
YOUR SPOUSE
1. Sex:
Male Female Male Female
2. What is your date of birth?
/ / / /
3. Are you currently:
Employed
Self-employed
Employed
Self-employed
EXISTING SAVINGS
1 A. What kind of pensions do you already have?
YOU
Final Salary
Personal Pension
Stakeholder
SIPP
Other (please state)
YOUR SPOUSE
Final Salary
Personal Pension
Stakeholder
SIPP
Other (please state)
None
(please go to question 2)
None
(please go to question 2)
B. What annual income do you expect this pension will
provide at retirement?
C. Is this pension funded solely from your farm income?
2.What are your current annual earnings after costs?
£ £
Yes No Yes No
£ £
3.What percentage of your earnings do you personally
pay into your current pension?
4.What percentage does your employer/ farm pay into
your current pension?
% %
% %
5.If contributions are made from the farm, where do you
incorporate this in the accounts (eg- Labour)?
6.How old were you when you joined your first pension
plan ?

YOU
YOUR SPOUSE
7 A. If you are an employer do you offer a pension
scheme for employees?
Yes No
Not applicable
B. If so what level of contributions do you make as a
percentage of earnings?
C. What percentage of earnings do you require your
employees to pay?
%
%
8. Which of the following vehicles do you use for saving
now and which would you consider for the future?
Now Future Now Future
a. Personal pension scheme
b. Invest in the stock market by buying stocks or shares
c. Commercial property
d. Buy to let property
e. High rate savings account
f. ISA (or other tax-free savings account)
g. Premium Bonds
h. Other (please specify)
9.Which of the above options would you consider the
safest way to save for your retirement?
10. If you do not have a pension (other than state) please
state why:
a. Will continue to take wage / drawings from the farm
after retirement
b. The farm will provide an income through letting
c. I plan to sell the farm to provide an income
d. I do not expect to live long enough
e. I expect to rely on inherited funds
f. I cannot afford to make contributions
g. Other (please state)

11. How much knowledge do you have on pensions?
a. I have a good knowledge of pensions issues
b. I have a reasonable, basic knowledge of pensions -
I know how they work generally but do not
understand the details.
c. My knowledge on pensions issues is very patchy -
I know a bit about what concerns me but no more.
d. Pensions confuse me and I know little or nothing
about pensions issues
RETIREMENT PLANS
1. At what age do you plan to retire from full-time
farming (please state if already retired)
2. If you plan to retire after the age of 65 please state why?
Age
YOU
Already retired
YOUR SPOUSE
Age
Already retired
3. At what age do you expect to be able to afford to retire
from all work ?
Age
Never
Age
Never
4 A. What annual income from your private pension do you
think you could just about make do with in retirement?
B. What annual income do you think you will need from
your private pension to live comfortably in retirement?
- What percentage of your pre-retirement salary do
you think this will be?
5. How much do you expect to receive from your state
pension?
6.Do you know where to get a forecast for you state pension?
£ £
£ £
% %
£
£
Don’t know
Don’t know
Yes No Yes No
FINALLY
1.Recently updated RABDF figures suggest the value of unpaid family labour to be £38,079 for the farmer
and £6,662 for the spouse. How much do you include into your dairy costings?
Farmer
Spouse
Do not include Unpaid family labour
Do not include Unpaid family labour
< 15,000
< 1,000
15,000 – 24,999
1,000-2,499
25,000-29,999
2,500-4,999
30,000-34,999
5,000-6,499
35,000-39,999
6,500-7,999
> 40,000
> 8,000
2. Do you have any other comments you would like to make:
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information from Hargreaves Lansdown please tick here If you would prefer not to receive anything from the RABDF please tick here