| If we're looking to cut the ballooning welfare bill 07:42 - Mar 27 with 3083 views | NeedhamChris |
Shouldn't ending the triple lock be up for discussion?
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| If we're looking to cut the ballooning welfare bill on 13:30 - Mar 27 with 979 views | Swansea_Blue |
Wouldn’t a cull be more cost effective? Frees up the NHS, frees up housing, no more massive queues in the Post Office when you’re on a 20 minute lunch break. Job done. We’ve had a practice on the badgers, so shouldn’t be too difficult  . |  |
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| If we're looking to cut the ballooning welfare bill on 13:31 - Mar 27 with 975 views | J2BLUE |
| If we're looking to cut the ballooning welfare bill on 12:56 - Mar 27 by bluejacko |
You do realise that the pension is way below the minimum wage dont you? |
Clearly.
I think you have missed the point. He was annoyed minimum wage went up by more than inflation. So surely just increasing pensions by the inflation figure rather than having a triple lock would be acceptable to him? |  |
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| If we're looking to cut the ballooning welfare bill on 13:36 - Mar 27 with 951 views | giant_stow |
| If we're looking to cut the ballooning welfare bill on 13:30 - Mar 27 by Swansea_Blue |
Wouldn’t a cull be more cost effective? Frees up the NHS, frees up housing, no more massive queues in the Post Office when you’re on a 20 minute lunch break. Job done. We’ve had a practice on the badgers, so shouldn’t be too difficult . |
You jest, but for some, the cull is already in motion via the assisted dying bill.
[hard hat on] |  |
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| If we're looking to cut the ballooning welfare bill on 13:43 - Mar 27 with 934 views | Swansea_Blue |
| If we're looking to cut the ballooning welfare bill on 13:36 - Mar 27 by giant_stow |
You jest, but for some, the cull is already in motion via the assisted dying bill.
[hard hat on] |
Oof, yes, that’s a sensitive one. I suppose it will end up freeing up the NHS in some cases. But the numbers would be very small and the impact minimum I’d have thought. Not a nice thing to think about. I can’t imagine how I’d feel/cope if that conversation ever came up with a loved one. | |
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| If we're looking to cut the ballooning welfare bill on 14:03 - Mar 27 with 892 views | Ryorry |
| If we're looking to cut the ballooning welfare bill on 08:53 - Mar 27 by bluejacko |
You could also put all pensioners on the same pension,as it stands my wife and me get the ‘new’ pension and a small army one,that puts us in the tax bracket and also obviously not able to claim any benefits,
Whoever’s. On the ‘old’ pension gets pension credit which brings them up to £3 below the new rate!
On top of that they are eligible for all sorts of help with their costs,free eye tests,help with council tax etc,so in reality they really are better off!
Now put everyone on the same rate up it a bit and work out the costs saved by cutting all the admin etc required to sort this mess out!
As for the triple lock don’t make me laugh the money I would receive from that has already gone in the extra living costs! |
"Better off".
Not.
At current rate of essential dental work having to be done privately because there is NO NHS DENTIST with a vacancy within my travelling distance of 25 miles, my savings will run out in 10 years just used for that alone. Got thrown off old NHS dentist list because having "underlyings" I didn't attend during the pandemic.
With a small work pension & small net rental income (£1,200 after tax this year) from annexe, am just over the threshold for pension credit. Would happily pay an extra 2p income tax if ringfenced for NHS, would be a helluva lot cheaper than private dentist. |  |
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| If we're looking to cut the ballooning welfare bill on 14:07 - Mar 27 with 873 views | Meadowlark |
It's been done already. By not raising the tax threshold we now have a ludicrous sitiation where pensioners  are receiving money from one department and paying it back to another.
And the reason for the triple lock was to try to raise the value of the payments as they were woefully lagging behind the cost of living and other civilised nations. As it is we are lower than 18 other European countries. If you think pensioners' income is the problem, you need to - as is often said on here - give your head a wobble! |  | | |
| If we're looking to cut the ballooning welfare bill on 14:07 - Mar 27 with 869 views | Ryorry |
Oooo, I missed out on that.
(^Adds ballooning to bucket list^). | |
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| If we're looking to cut the ballooning welfare bill on 15:44 - Mar 27 with 773 views | Churchman |
Attached is an article succinctly describing how what was once the pension provision the envy of the world has turned into a mess. It’d be funny if wasn’t so tragic and impactful on so many completely innocent people.
It has nothing to do with people living longer and everything to do with corporate and political greed matched with epic stupidity that began in Thatcher’s time and has continued ever since.
https://theconversation.com/britains-great-pension-robbery-why-the-defined-benef |  | | |
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| If we're looking to cut the ballooning welfare bill on 16:22 - Mar 27 with 738 views | mikeybloo88 |
Still four years away from SP age, but if the government offered me £100k and arranged visas for my wife and I to live in Canada, we’d gladly leave and forego any claim for two pensions and save them potentially £500k future payments. Happy to do our bit... |  | | |
| If we're looking to cut the ballooning welfare bill on 16:45 - Mar 27 with 707 views | mellowblue |
| If we're looking to cut the ballooning welfare bill on 15:44 - Mar 27 by Churchman |
Attached is an article succinctly describing how what was once the pension provision the envy of the world has turned into a mess. It’d be funny if wasn’t so tragic and impactful on so many completely innocent people.
It has nothing to do with people living longer and everything to do with corporate and political greed matched with epic stupidity that began in Thatcher’s time and has continued ever since.
https://theconversation.com/britains-great-pension-robbery-why-the-defined-benef |
Very strange that companies having to seperate their pension assets from company assets giving rise to pension liabilitiesor surpluses is regarded as a bad thing. It wasa result of the Maxwell saga and was put in place tp safeguard pension fund/members. And you cannot blame accountants and actuaries for being cautious when it comes to life expectancy. They are paid to err on the side of caution and were only going on projections that were realisitic at the time. Lawson was correct to counter what was going on but went about it the wrong way. Company were putting a lot of profits into pension schemes to gain tax relief and avoid corporation tax. Rather than tax pension fund surpluses, he should have seperated pension and company assets at that time, ringfencing enough money for the pension schemes so as to avoid the tax avoidance. | | | |
| If we're looking to cut the ballooning welfare bill on 16:56 - Mar 27 with 685 views | TractorWood |
| If we're looking to cut the ballooning welfare bill on 09:19 - Mar 27 by OldFart71 |
This old chestnut about pensions is frankly p*ssing me off. Regardless of what these morons who run the Country, whether Tories or Labour say the State Pension is not a benefit. What other benefit does the recipient have to pay in to for 35 years. No maybe the amount paid in isn't equal to the amount paid out. Whose fault is that ? certainly not mine or any other pensioner. At one time pensions in this Country were regarded as the best in the world. Not because of the State Pension, but because of Final Salary pensions paid into by employers and employees. Good old Gordon Brown came along and decided to tax share dividends and thus started the death of FSPS. Successive Governments have had census and Births and Deaths for many years to calculate how many pensioners would come into the system in any given decade and could and should have made provision for that. At a time when MP's have just hit over the £90,000 a year mark and if the Triple lock remains,pensioners will be paying tax on their pension if it goes above the £12,570 that is not right. A pensioner isn't even getting the minimum wage and their outgoings are many of the things that have become the most expensive such as food and energy. |
I hear you but £12k in pension per year compared to average contributions of say £2k of contributions is just a ponzi scheme.
With an ageing population it's a total nightmare. I'm convinced I'll never see a state pension due to the opt out nature of DC schemes in the workplace now. They'll just phase out the state pension. |  |
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| If we're looking to cut the ballooning welfare bill on 17:19 - Mar 27 with 652 views | Churchman |
| If we're looking to cut the ballooning welfare bill on 16:56 - Mar 27 by TractorWood |
I hear you but £12k in pension per year compared to average contributions of say £2k of contributions is just a ponzi scheme.
With an ageing population it's a total nightmare. I'm convinced I'll never see a state pension due to the opt out nature of DC schemes in the workplace now. They'll just phase out the state pension. |
Where do you get £2k contributions as an average figure from?
I would add that to qualify for a maximum state pension. you need to have paid in and be ‘contracted in’ for a minimum 35 years. Given not everyone lives to pension age but have still paid in and others don’t live long enough to get much out of it, I am struggling to see why you think it is like a ponzi scheme.
I doubt a state pension will be phased out any more than it was when pension provision was decent in this country and nor should they unless they are intent on the Spartans solution (beyond usefulness = chilly hillside and see you later) and making the economy even worse.
Pensioners spend money, you know and some even pay tax, believe it or not. | | | |
| If we're looking to cut the ballooning welfare bill on 18:54 - Mar 27 with 578 views | flykickingbybgunn |
| If we're looking to cut the ballooning welfare bill on 17:19 - Mar 27 by Churchman |
Where do you get £2k contributions as an average figure from?
I would add that to qualify for a maximum state pension. you need to have paid in and be ‘contracted in’ for a minimum 35 years. Given not everyone lives to pension age but have still paid in and others don’t live long enough to get much out of it, I am struggling to see why you think it is like a ponzi scheme.
I doubt a state pension will be phased out any more than it was when pension provision was decent in this country and nor should they unless they are intent on the Spartans solution (beyond usefulness = chilly hillside and see you later) and making the economy even worse.
Pensioners spend money, you know and some even pay tax, believe it or not. |
Beware politicians. Pensioners also vote. A lot.
Something that younger people dont appear to be so very good at.
I wonder why the triple lock is protected ? Any ideas ?
What should you do about it ? VOTE. |  | | |
| If we're looking to cut the ballooning welfare bill on 19:15 - Mar 27 with 566 views | TractorWood |
| If we're looking to cut the ballooning welfare bill on 17:19 - Mar 27 by Churchman |
Where do you get £2k contributions as an average figure from?
I would add that to qualify for a maximum state pension. you need to have paid in and be ‘contracted in’ for a minimum 35 years. Given not everyone lives to pension age but have still paid in and others don’t live long enough to get much out of it, I am struggling to see why you think it is like a ponzi scheme.
I doubt a state pension will be phased out any more than it was when pension provision was decent in this country and nor should they unless they are intent on the Spartans solution (beyond usefulness = chilly hillside and see you later) and making the economy even worse.
Pensioners spend money, you know and some even pay tax, believe it or not. |
8% of £30k say. However you slice it people paying NI now are funding those retired and those retired will have contributed no way near what they ultimately take out.
You can qualify for state pension pension credits by earning £7.5k a year over 35 years. Hardly an onerous requirement.
Hence ponzi scheme.
Not really sure what your last para is about. If they earn over the personal allowance, they will indeed pay tax. It's the law. | |
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| If we're looking to cut the ballooning welfare bill on 19:25 - Mar 27 with 558 views | flykickingbybgunn |
| If we're looking to cut the ballooning welfare bill on 19:15 - Mar 27 by TractorWood |
8% of £30k say. However you slice it people paying NI now are funding those retired and those retired will have contributed no way near what they ultimately take out.
You can qualify for state pension pension credits by earning £7.5k a year over 35 years. Hardly an onerous requirement.
Hence ponzi scheme.
Not really sure what your last para is about. If they earn over the personal allowance, they will indeed pay tax. It's the law. |
Your costs are a minimum. How many do you know that only earn £7500 a year ?
I paid full NI for 45 years. I also paid 13% of my pay into my private pension.
If I have a reasonable living now then ask yourself why ? | | | |
| If we're looking to cut the ballooning welfare bill on 19:32 - Mar 27 with 553 views | BlueForYou |
The current state pension is under half the minimum wage! Just think about that. We need to raise the personal allowance for pensioners who are under the 40% tax rate to £20k. & Keep the triple lock obviously. Government need to crack on with achieving some economic growth rather than taxing the poorest to cover up their ineptitude! [Post edited 27 Mar 19:35]
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| If we're looking to cut the ballooning welfare bill on 19:38 - Mar 27 with 534 views | TractorWood |
| If we're looking to cut the ballooning welfare bill on 19:25 - Mar 27 by flykickingbybgunn |
Your costs are a minimum. How many do you know that only earn £7500 a year ?
I paid full NI for 45 years. I also paid 13% of my pay into my private pension.
If I have a reasonable living now then ask yourself why ? |
Very few but you could work a small job 2 days a week to utilise the personal allowance and gain pension credits if you are returning to work etc.
Wise. 13% will be unbelievably efficient for tax into your DC scheme. So many people neglect the massive impact of contributing to a private DC scheme for the tax relief and the future growth. | |
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| If we're looking to cut the ballooning welfare bill on 20:08 - Mar 27 with 473 views | flykickingbybgunn |
| If we're looking to cut the ballooning welfare bill on 19:38 - Mar 27 by TractorWood |
Very few but you could work a small job 2 days a week to utilise the personal allowance and gain pension credits if you are returning to work etc.
Wise. 13% will be unbelievably efficient for tax into your DC scheme. So many people neglect the massive impact of contributing to a private DC scheme for the tax relief and the future growth. |
Thanks. I'm glad that I did something right ! | | | |
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