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Post by totheleft3 on Nov 22, 2022 13:32:05 GMT
The state pension triple lock is “utterly unaffordable” and will “bankrupt” Britain, a 72-year-old Tory MP
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Post by patman post on Nov 22, 2022 18:56:00 GMT
For many pensioners with employment or private pension schemes, state pension raises will likely be peed away
I see the fairest way to ensure state pension raises would be applied only to those who need them most would be to knock off the equivalent of any increases from the personal allowance of pensioners who have pensions above whatever is designated from other sources…
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Post by Bentley on Nov 22, 2022 18:58:17 GMT
For many pensioners with employment or private pension schemes, state pension raises will likely be peed away I see the fairest way to ensure state pension raises would be applied only to those who need them most would be to knock off the equivalent of any increases from the personal allowance of pensioners who have pensions above whatever is designated from other sources… So you are saying that any increases in state pensions should be taken from draw down pensions and annuities, right? |
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Post by patman post on Nov 22, 2022 19:06:09 GMT
Like any benefit, it should be targeted at those who need it — after all that was the original aim of the old age pension. It was never expected to have to be paid to so many people in their 70’s, 80’s, and 90’s.
So why should today’s tax payers be expected to fund the extras of comfortably-off pensioners…?
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Post by Bentley on Nov 22, 2022 19:09:56 GMT
Like any benefit, it should be targeted at those who need it — after all that was the original aim of the old age pension. It was never expected to have to be paid to people in their 70’s, 80’s, and 90’s. So why should today’s tax payers be expected to fund the extras of comfortably-off pensioners…? Then raise the pension age. Oh look they have ! Your equality of outcome entrenched mindset is not allowing you to realise that if you take away the advantages of saving for a personal pension then working people will not contribute to personal pension funds. |
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Post by patman post on Nov 22, 2022 19:33:10 GMT
Like any benefit, it should be targeted at those who need it — after all that was the original aim of the old age pension. It was never expected to have to be paid to people in their 70’s, 80’s, and 90’s. So why should today’s tax payers be expected to fund the extras of comfortably-off pensioners…? Then raise the pension age. Oh look they have ! Your equality of outcome entrenched mindset is not allowing you to realise that if you take away the advantages of saving for a personal pension then working people will not contribute to personal pension funds. The state pension is going to lessen over time. Individuals forced into hardship by the dropping state pension will have to make up the shortfall by claiming other benefits. This picture has been painted by governments for the past 50 years. Frankly, anyone who prefers to gamble on existing in their retirement on the meagre income provided by the future taxpayer, must be contrary, dense or mad. Governments have realised that not all the public have enough brains to see they can make their old age more comfortable, and have passed laws to make employers now offer pension schemes. And any self-employed person, who cannot see that providing for their own future is obviously better than just existing from one benefit top up to the next, must also have several screws loose.. |
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Post by Bentley on Nov 22, 2022 19:42:36 GMT
Then raise the pension age. Oh look they have ! Your equality of outcome entrenched mindset is not allowing you to realise that if you take away the advantages of saving for a personal pension then working people will not contribute to personal pension funds. The state pension is going to lessen over time. Individuals forced into hardship by the dropping state pension will have to make up the shortfall by claiming other benefits. This picture has been painted by governments for the past 50 years. Frankly, anyone who prefers to gamble on existing in their retirement on the meagre income provided by the future taxpayer, must be contrary, dense or mad. Governments have realised that not all the public have enough brains to see they can make their old age more comfortable, and have passed laws to make employers now offer pension schemes. And any self-employed person, who cannot see that providing for their own future is obviously better than just existing from one benefit top up to the next, must also have several screws loose.. If state pensions will lessen over time then your problem will be solved ..or will it , means tested benefits will rise to create an equality of outcome and anyone with any sense will piss away the money that they would otherwise contribute to their private pensions ….thus creating an even bigger burden to the tax payer . Brave new world eh? |
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Post by Handyman on Nov 22, 2022 19:44:06 GMT
Deleted double post
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Post by Handyman on Nov 22, 2022 19:45:30 GMT
The State Pension is not a free Benefit, you only are eligible to receive it if you work and fund it by paying income tax and NI, that was the deal when the state pension was introduced I paid in for 50 years, my wife paid in for 47 years as well as income tax on our earnings, in fact my wife should have been able to take her state pension at the age of 60 years, but due to a change in the system she had to wait until she was 66 years of age, she would have been eligible to claim it at the age of 60 if she had been born a few weeks earlier, she had to wait until 66 years of age. We are not getting anything for nothing we paid the going rates for all those years Today those who work only have to pay in for 35 years to qualify for the state pension. |
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Post by Bentley on Nov 22, 2022 19:50:56 GMT
The State Pension is not a free Benefit, you only are eligible to receive it if you work and fund it by paying income tax and NI, that was the deal when the state pension was introduced I paid in for 50 years, my wife paid in for 47 years as well as income tax on our earnings, in fact my wife should have been able to take her state pension at the age of 60 years, but due to a change in the system she had to wait until she was 66 years of age, she would have been eligible to claim it at the age of 60 if she had been born a few weeks earlier, she had to wait until 66 years of age. We are not getting anything for nothing we paid the going rates for all those years Today those who work only have to pay in for 35 years to qualify for the state pension. But that’s not a leftie viewpoint . If you have contributed to the state pension via National insurance it means nothing whatsoever to them. |
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Post by see2 on Nov 22, 2022 19:54:47 GMT
Gremlins in the system
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Post by see2 on Nov 22, 2022 19:58:15 GMT
As far as I'm aware, the triplhttps://ukpoliticsdebate.boards.net/thread/643/triple-lock-pension-utterly-unaffordablee lock was introduced in order to stop state pension from falling so far behind other pensions. Even then it remained at a ridiculously low level.
"The full basic State Pension is £141.85 per week."
or £7376.2 per annum.
Taking a reasonable £30,000 per year income, then
A 2% raise on £30,000 salary is a lot more than 2.5% 0n £7376 pension.
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Post by patman post on Nov 22, 2022 20:00:12 GMT
The State Pension is not a free Benefit, you only are eligible to receive it if you work and fund it by paying income tax and NI, that was the deal when the state pension was introduced I paid in for 50 years, my wife paid in for 47 years as well as income tax on our earnings, in fact my wife should have been able to take her state pension at the age of 60 years, but due to a change in the system she had to wait until she was 66 years of age, she would have been eligible to claim it at the age of 60 if she had been born a few weeks earlier, she had to wait until 66 years of age. We are not getting anything for nothing we paid the going rates for all those years Today those who work only have to pay in for 35 years to qualify for the state pension. That’s— with respect — bollux. You paid in to support those on benefits and drawing state pension at that time. You were not putting money into your own personal fund to be drawn on when you retired. Changes made to what pensioners are entitled to show it’s simply a tax supported system. Current NI and tax payers are paying you your benefits and pension, if you’re drawing them now. The only reason DWP wants to ensure you’ve been paying in long enough to get a pension is to try and stop skivers— though if you are missing years, you can sometimes buy them back… |
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Post by totheleft3 on Nov 22, 2022 20:05:52 GMT
Means tested pension is the way forward state pension cost the tax payers 104 billion in 2022 it cant continue to increase at such rate
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Post by dappy on Nov 22, 2022 20:08:05 GMT
The State Pension is not a free Benefit, you only are eligible to receive it if you work and fund it by paying income tax and NI, that was the deal when the state pension was introduced I paid in for 50 years, my wife paid in for 47 years as well as income tax on our earnings, in fact my wife should have been able to take her state pension at the age of 60 years, but due to a change in the system she had to wait until she was 66 years of age, she would have been eligible to claim it at the age of 60 if she had been born a few weeks earlier, she had to wait until 66 years of age. We are not getting anything for nothing we paid the going rates for all those years Today those who work only have to pay in for 35 years to qualify for the state pension. May I ask your wife’s DOB Hardyman. I can’t think of a DOB for which retirement age would have gone from 60 to 66 but for a few weeks. The Triple Lock unfairly prioritises pensioners over workers and children. It’s a bribe to those that in general are more likely to vote. |
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