| Good news in the post today 18:40 - Sep 7 with 1906 views | Pinewoodblue |
My Basic State Pension increases, from next week, by an amazing 25p a week.
If I was unfortunate enough to qualify for Pension Credit I wouldn’t be so fortunate. Pension is regarded as earnings therefore as my earnings would increase by 25p a week the amount of pension credit would be reduced by 25p a week.
Just another e ample of how stupid our benefits system can be. |  |
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| Good news in the post today on 10:06 - Sep 8 with 239 views | Churchman |
| Good news in the post today on 09:46 - Sep 8 by flykickingbybgunn |
But on the other hand the govts actions on non doms has just encouraged our third highest tax payer to go elsewhere. £330m a year lost. (Last years payment). He has gone to pay his taxes in Greece. |
An acquaintance of mine, not as rich as that person but still a multimillionaire, has done something similar. He’s sold off his sideline of rental properties thanks to the landlord rule changes and the properties he lives in and relocated to Portugal.
They will now get the benefit of his taxes and he will get the benefit of a beautiful country with lovely people. |  | | |
| Good news in the post today on 11:04 - Sep 8 with 177 views | shady |
Many congratulations on your OBE
Over Bloody Eighty |  | | |
| Good news in the post today on 11:54 - Sep 8 with 144 views | longtimefan |
| Good news in the post today on 09:46 - Sep 8 by flykickingbybgunn |
But on the other hand the govts actions on non doms has just encouraged our third highest tax payer to go elsewhere. £330m a year lost. (Last years payment). He has gone to pay his taxes in Greece. |
I think you mean he's gone to Greece to not pay his taxes. Apparently will cost him £100K instead of £330M |  | | |
| Good news in the post today on 11:56 - Sep 8 with 133 views | OldFart71 |
| Good news in the post today on 10:03 - Sep 8 by Pinewoodblue |
There are many who lost out when the new State Pension was introduced, my wife missed out by a few months. The difference between the two pension will be over £3,000 next financial year.
The gap widens. Not sure everyone appreciates that, for those on the basic pension, who receive additional state pension, not all of it is covered by the triple lock.
I would be in favour of changing the triple lock. Keep the 2.5% minimum, but merge the other two elements. If wages rise by 4% and inflation 2.5% average the two to 3.25%.
Increase basic state pension by an additional £250 pa each year until the current gap is halved. It won’t be as expensive as people think, the youngest of those in the basic state pension will be 75 next financial year. |
My view is that the State Pension increase should be linked to the RPI and do away with the 2.5% and wages increases. Currently the inflation link is CPI therefore a slight boost, but doing away with the other two parts.
I also advocate the paying of N.I. if a person continues to work beyond their pensionable age.
It may have been decided that doing this would enable people to continue to work beyond their pensionable age, as I did.
There's also the question where you basically force a person to continue to work beyond what used to be the age of 60 for women and 65 for men because this prevents younger people from getting a job and I know there's this rubbish about a young person and experience. But how do you gain experience if not allowed to.
Governments of whatever colour don't have enough joined up thinking. It's all knee-jerk reaction and tinkering. | | | |
| Good news in the post today on 12:25 - Sep 8 with 97 views | J2BLUE |
| Good news in the post today on 10:03 - Sep 8 by Pinewoodblue |
There are many who lost out when the new State Pension was introduced, my wife missed out by a few months. The difference between the two pension will be over £3,000 next financial year.
The gap widens. Not sure everyone appreciates that, for those on the basic pension, who receive additional state pension, not all of it is covered by the triple lock.
I would be in favour of changing the triple lock. Keep the 2.5% minimum, but merge the other two elements. If wages rise by 4% and inflation 2.5% average the two to 3.25%.
Increase basic state pension by an additional £250 pa each year until the current gap is halved. It won’t be as expensive as people think, the youngest of those in the basic state pension will be 75 next financial year. |
The triple lock needs to go.
Just link it to inflation. There is zero reason for a 2.5% minimum or for it to match wage growth.
If inflation is 2% but pensioners get 2.5% that extra 0.5% costs £828m. There is no need for it.
Also remember that workers are not guaranteed an increase in line with inflation. Average wage growth is pretty meaningless for many people. |  | | |
| Good news in the post today on 12:27 - Sep 8 with 87 views | Pinewoodblue |
| Good news in the post today on 11:56 - Sep 8 by OldFart71 |
My view is that the State Pension increase should be linked to the RPI and do away with the 2.5% and wages increases. Currently the inflation link is CPI therefore a slight boost, but doing away with the other two parts.
I also advocate the paying of N.I. if a person continues to work beyond their pensionable age.
It may have been decided that doing this would enable people to continue to work beyond their pensionable age, as I did.
There's also the question where you basically force a person to continue to work beyond what used to be the age of 60 for women and 65 for men because this prevents younger people from getting a job and I know there's this rubbish about a young person and experience. But how do you gain experience if not allowed to.
Governments of whatever colour don't have enough joined up thinking. It's all knee-jerk reaction and tinkering. |
Moving slightly off subject around 850,000 people reach pensionable age each year. Push back retirement age and that is a lot of vacancies not brung created and it hammers youth unemployment. | |
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