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Post by totheleft3 on Nov 29, 2022 6:40:31 GMT
Don't think anyone wonts to rob pensioners, if a pensioner has a private pension and he has a comfy a comfy lifestit .the reason he took out private pension so he can have a secure affordable income in is old age. Why Does he need the extra state pension . Thats why im suggesting to means test it. Usual ttl3 rubbish as I've explained before. Now tell us if someone is deprived of their private pension, wholly or in part, should they get all or part of their private contributions back? Im not talking about stopping there private pension talking about state pension |
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Post by Handyman on Nov 29, 2022 7:39:32 GMT
Why Does he need the extra state pension . Thats why im suggesting to means test it. They paid for it in NI contributions. You want to rob pensioners , you just don’t want to admit it. Pensioners that are in their 70's 80's or even 90's who paid into the State Pensions Scheme for many years many for 50 years receive a lower amount then those younger who have paid into the scheme for 36 years, or over, in this day and age of Levelling up perhaps their pension should be increased to the new level. Anyone whose only income is the State Pension really struggle to make ends meet after all those years of working and paying into the system, made even worse by the cost of living in today's world. Not only did I pay for my State Pension over the years, but I paid into another Pension Scheme for years, plus two other modest pension schemes for 10 years as I worked passed the age of 65 years, even though I am now retired I still pay tax on my income and will do so until I pop me clogs, so still paying into the system. Yes, TTL wants to rob me of what I have paid for, the Politics of Envy and Hate, I have never been a burden on the state, never claimed any benefits as I kept working and paying my way and my bills, so did many others |
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Post by andrewbrown on Nov 29, 2022 7:40:37 GMT
I'm going to agree with Squeezed Middle here.
I think people are getting mixed up between State Retirement Pension and Pension Credit.
State Retirement Pension is based on your NI contributions. It is not designed to be means tested. If you pay in sufficiently, you pay out.
Pension Credit though is means tested. This is designed to ensure a minimum guarantee of income for pensioners, in the same way Income Support does for working age.
There is an argument for abandoning the triple 🔒. What was morally wrong though was to introduce the triple lock for pensioners whilst simultaneously freezing and cutting working age benefits.
It's almost like pensioners are more likely to vote and more likely to vote Tory...
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Post by Pacifico on Nov 29, 2022 7:44:17 GMT
Don't think anyone wonts to rob pensioners, if a pensioner has a private pension and he has a comfy a comfy lifestit .the reason he took out private pension so he can have a secure affordable income in is old age. Why Does he need the extra state pension . Thats why im suggesting to means test it. Indeed. Massive savings could be made if we treated pensions like any other benefit and didn't give it to those who don't need it. I'm open to giving up my State Pension - can I now have my 40 years of contributions back please. |
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Post by Morgan on Nov 29, 2022 7:50:21 GMT
I'm going to agree with Squeezed Middle here. I think people are getting mixed up between State Retirement Pension and Pension Credit. State Retirement Pension is based on your NI contributions. It is not designed to be means tested. If you pay in sufficiently, you pay out. Pension Credit though is means tested. This is designed to ensure a minimum guarantee of income for pensioners, in the same way Income Support does for working age. There is an argument for abandoning the triple 🔒. What was morally wrong though was to introduce the triple lock for pensioners whilst simultaneously freezing and cutting working age benefits. It's almost like pensioners are more likely to vote and more likely to vote Tory... I'd sooner have my bollocks poached by Gordon Ramsay than ever vote Tory again. |
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Post by Montegriffo on Nov 29, 2022 8:39:21 GMT
I'm going to agree with Squeezed Middle here. I think people are getting mixed up between State Retirement Pension and Pension Credit. State Retirement Pension is based on your NI contributions. It is not designed to be means tested. If you pay in sufficiently, you pay out. Pension Credit though is means tested. This is designed to ensure a minimum guarantee of income for pensioners, in the same way Income Support does for working age. There is an argument for abandoning the triple 🔒. What was morally wrong though was to introduce the triple lock for pensioners whilst simultaneously freezing and cutting working age benefits. It's almost like pensioners are more likely to vote and more likely to vote Tory... I'd sooner have my bollocks poached by Gordon Ramsay than ever vote Tory again. I think Ramsey is much more likely to poach them in Madeira and serve them on a smear of parsnip puree accompanied with an asparagus foam and a rich reduced claret jus. Pretentious twat. |
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Post by Bentley on Nov 29, 2022 10:42:55 GMT
They paid for it in NI contributions. You want to rob pensioners , you just don’t want to admit it. Im nearly pension age myself so that dosent nake sence . Has for NI contrbution im early retied have been for the last 2 years ive paid class 2 NI because i was self employed. i kmow live of my earnings for selling , My business and savings. So I dont want to rob pensioners i want the money saved to go to the oap . you dosent have a private pension and social care. If you have paid NI contributions then you are entitled to the appropriate pension. It’s not about you . |
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Post by Handyman on Nov 29, 2022 12:04:28 GMT
I'm going to agree with Squeezed Middle here. I think people are getting mixed up between State Retirement Pension and Pension Credit. State Retirement Pension is based on your NI contributions. It is not designed to be means tested. If you pay in sufficiently, you pay out. Pension Credit though is means tested. This is designed to ensure a minimum guarantee of income for pensioners, in the same way Income Support does for working age. There is an argument for abandoning the triple 🔒. What was morally wrong though was to introduce the triple lock for pensioners whilst simultaneously freezing and cutting working age benefits. It's almost like pensioners are more likely to vote and more likely to vote Tory... I am fully aware of that, as for cutting working age benefits, I don't know anything about benefits full stop, people will vote how they wish as usual, many these days don't even bother |
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Post by patman post on Nov 29, 2022 12:22:19 GMT
Most dissatisfaction with National Insurance is because it is not recognised as being simply a tax.
It is ring-fenced from other taxation and used to provide specific things like:
State Pension
Employment and Support Allowance
Maternity leave
Sick leave
Bereavement benefits
The probable reason it isn’t lumped In with income tax is that it is easier to manipulate for individual circumstances, rather than adding specific complications to p.a.y.e calculations…
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Post by Toreador on Nov 29, 2022 12:27:20 GMT
Usual ttl3 rubbish as I've explained before. Now tell us if someone is deprived of their private pension, wholly or in part, should they get all or part of their private contributions back? Im not talking about stopping there private pension talking about state pension You're not making any sense. I and many others have a state pension and a private pension, neither of which would be sufficient to live on. We took out a private pension to supplement state pension not to replace it. Now if you are on benefits you should be thanking me and millions like me for pay tax on pensions to meet your benefit payments. |
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Post by totheleft3 on Nov 29, 2022 12:33:42 GMT
Im not on benefits and you don't pay full tax towards private pensions
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Post by totheleft3 on Nov 29, 2022 12:35:00 GMT
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Post by Toreador on Nov 29, 2022 15:16:53 GMT
Im not on benefits and you don't pay full tax towards private pensions I've already told you I pay tax on my total pensions and when my pension increases with triple lock I will pay more tax....give me with one hand, take back with the other. Since I retired I've paid around £20K in tax to support many of those who you think are deserving of my money and everyone else's who pay tax. |
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Post by totheleft3 on Nov 29, 2022 15:33:27 GMT
Pension income is treated as (deferred) earnings for tax purposes. Broadly speaking, income that is paid into a pension is exempt from tax, income earned within the pension fund is also exempt, but money received from the pension is taxed instead (although 25% can be taken as a lump sum free of tax). There are annual and lifetime caps on the amount that can be saved in a pension, both of which have been reduced significantly in recent years.https://ifs.org.uk/taxlab/taxlab-taxes-explained/income-tax-explained
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Post by Bentley on Nov 29, 2022 16:21:38 GMT
Pension income is treated as (deferred) earnings for tax purposes. Broadly speaking, income that is paid into a pension is exempt from tax, income earned within the pension fund is also exempt, but money received from the pension is taxed instead (although 25% can be taken as a lump sum free of tax). There are annual and lifetime caps on the amount that can be saved in a pension, both of which have been reduced significantly in recent years.https://ifs.org.uk/taxlab/taxlab-taxes-explained/income-tax-explained
If you draw down or use the pension for an annuity it is taxed as earned income . |
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