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Post by Bentley on Nov 22, 2022 20:11:27 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 It already is and you pointed it out. The benefits and payments over the standard pension are means tested . The standard pension is paid by National insurance contributions. If you want a future Britain to have a far extra burden from pensions as it has now then discourage contributions to personal pension plans….as you seem to want to do . |
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Post by The Squeezed Middle on Nov 24, 2022 16:06:36 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 It already is and you pointed it out. The benefits and payments over the standard pension are means tested . The standard pension is paid by National insurance contributions. If you want a future Britain to have a far extra burden from pensions as it has now then discourage contributions to personal pension plans….as you seem to want to do . Quite.
But the politics of envy have never been financially literate.
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Post by Red Rackham on Nov 24, 2022 17:26:04 GMT
The state pension triple lock is “utterly unaffordable” and will “bankrupt” Britain, a 72-year-old Tory MP
Thats' a bit rich coming from an MP who's paid a salary of £84,000 plus generous perks and expenses, plus a generous pension of £16,500 a year after just 10 years as an MP, and a £33,000 a year after 20 years. |
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Post by Toreador on Nov 24, 2022 18:16:20 GMT
Blame politics and politicians for the problems being encountered, they are the ones in this and damned near every other country in the world who are charged with running the affairs of state.
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Post by totheleft3 on Nov 24, 2022 18:21:03 GMT
The state pension triple lock is “utterly unaffordable” and will “bankrupt” Britain, a 72-year-old Tory MP
Thats' a bit rich coming from an MP who's paid a salary of £84,000 plus generous perks and expenses, plus a generous pension of £16,500 a year after just 10 years as an MP, and a £33,000 a year after 20 years. Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. |
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Post by Red Rackham on Nov 24, 2022 18:23:59 GMT
Thats' a bit rich coming from an MP who's paid a salary of £84,000 plus generous perks and expenses, plus a generous pension of £16,500 a year after just 10 years as an MP, and a £33,000 a year after 20 years. Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. I don't disagree. That does not detract from what I said previously. |
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Post by Handyman on Nov 24, 2022 18:27:53 GMT
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… Having paid into the system for so long I do know how the state pension is funded, the generation paying NI today is funding the previous generation who are collecting their State Pension, also via taxation which also funds benefits, neither of get any additional benefits I pointed out how long I and my wife had paid NI for how long, we still pay income tax on our incomes and will do until we pop our clogs, so still funding the system, we have kept to the deal all those years, and Triple Lock is now part of the deal, yes we will get more pension next year, but as our incomes will have increased the amount of income tax we contribute to the system will increase. DWP know exactly what the wife and I have earned over the years to the last penny due to PAYE, they still do. |
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Post by totheleft3 on Nov 24, 2022 18:29:32 GMT
Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. I don't disagree. That does not detract from what I said previously. Ive mentioned before about the state pension being means tested that would stop the mega rich like the Mp claiming state pension . |
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Post by The Squeezed Middle on Nov 24, 2022 18:35:17 GMT
Thats' a bit rich coming from an MP who's paid a salary of £84,000 plus generous perks and expenses, plus a generous pension of £16,500 a year after just 10 years as an MP, and a £33,000 a year after 20 years. Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. "In 2021-22 we forecast National Insurance contributions (NICs) to raise £157 billion. That represented 18.2 per cent of all receipts and is equivalent to £5,600 per household and 6.8 per cent of national income."
So contributors are clearly not the problem. What is needed is to cut handouts to non-contributors and that's the ticking time bomb.
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Post by Handyman on Nov 24, 2022 18:38:55 GMT
Thats' a bit rich coming from an MP who's paid a salary of £84,000 plus generous perks and expenses, plus a generous pension of £16,500 a year after just 10 years as an MP, and a £33,000 a year after 20 years. Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. It is a lot of money but if you want the Welfare State to stay in place someone has to pay the Piper, what would you do to change things if you could |
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Post by Toreador on Nov 24, 2022 18:42:07 GMT
Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. It is a lot of money but if you want the Welfare State to stay in place someone has to pay the Piper, what would you do to change things if you could Write shite on a forum. |
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Post by Handyman on Nov 24, 2022 18:46:22 GMT
Red the state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. "In 2021-22 we forecast National Insurance contributions (NICs) to raise £157 billion. That represented 18.2 per cent of all receipts and is equivalent to £5,600 per household and 6.8 per cent of national income."
So contributors are clearly not the problem. What is needed is to cut handouts to non-contributors and that's the ticking time bomb.
Anyone who works MP's and the Mega rich included pays income tax and NI on their earnings they are taxed more, and their NI contribution is higher than those earning less, but when it comes their time to be eligible to draw their State Pension, they don't get a larger pension, if they keep on working and earning, they no longer pay NI but they still pay income tax based on their earnings. |
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Post by Handyman on Nov 24, 2022 18:47:12 GMT
It is a lot of money but if you want the Welfare State to stay in place someone has to pay the Piper, what would you do to change things if you could Write shite on a forum.  |
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Post by totheleft3 on Nov 24, 2022 18:56:16 GMT
Rbenefitse state pension has It stands the state pension cost the country a astionsing £107 billioning in 2020 it will only increase in years to come . its a ticking time bomd and something needs to be done. "In 2021-22 we forecast National Insurance contributions (NICs) to raise £157 billion. That represented 18.2 per cent of all receipts and is equivalent to £5,600 per household and 6.8 per cent of national income."
So contributors are clearly not the problem. What is needed is to cut handouts to non-contributors and that's the ticking time bomb.
What none contributors is this are you talking about the longterm sick and dissabled who get state benefits |
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Post by Montegriffo on Nov 27, 2022 9:20:01 GMT
It is a lot of money but if you want the Welfare State to stay in place someone has to pay the Piper, what would you do to change things if you could Write shite on a forum. More irony than the device you use to take the creases out of a leotard. |
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