State pension increase - good, bad, indifferent
Discussion
sugerbear said:
Considering only a few months back there wasn't anything available to nurses/doctors/train drivers etc it seems there really is a magic money tree.
pensioners vote tory. A disproportionate amount of voters are pensioners.Money is found if it helps keep you in power.
The nurses would have got their pay rise if they promised to vote tory in future.
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
crankedup5 said:
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Some won't be claiming for another 50 years. Retaining the Triple Lock actually means that the value of the pension will go up in some years when inflation is below 2.5%.Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
IMO the State pension should be means tested.
crankedup5 said:
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
The triple lock ensures the state pension gains value. It’s going to have to be dropped at some point, so the question really is when rather than if it should be. You simply can’t have it keep going up by the higher of three linked values forever.Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Percentages rises are a crude method of measuring the actual buying power of a state pension. In cash terms the rise is only £18.70 a week, taking a state pension to £203.85 a week. The state pension has been far to low for years to survive on. A single person would need £12,800 a year to cover just a ‘minimum’ retirement lifestyle. Low pay and lack of private provision for the lower paid is finally being addressed. A problem that had been brewing for years through lack of political will and downward pressure on pay from employers. All my state pension is taken back as tax, because i also have a private pension. Lucky me.
Countdown said:
crankedup5 said:
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Some won't be claiming for another 50 years. Retaining the Triple Lock actually means that the value of the pension will go up in some years when inflation is below 2.5%.Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
IMO the State pension should be means tested.
SunsetZed said:
Countdown said:
crankedup5 said:
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Some won't be claiming for another 50 years. Retaining the Triple Lock actually means that the value of the pension will go up in some years when inflation is below 2.5%.Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
IMO the State pension should be means tested.
Just another thing that I am paying for which I doubt will be there for me when I need it.
Also, this and this;
Also, this and this;
sugerbear said:
Considering only a few months back there wasn't anything available to nurses/doctors/train drivers etc it seems there really is a magic money tree.
Dynion Araf Uchaf said:
pensioners vote tory. A disproportionate amount of voters are pensioners.
Money is found if it helps keep you in power.
The nurses would have got their pay rise if they promised to vote tory in future.
Money is found if it helps keep you in power.
The nurses would have got their pay rise if they promised to vote tory in future.
Biggy Stardust said:
People have up to 50 working years to provide for their old age but it amazes me how few make any provision at all then moan when state pensions are insufficient for their wishes.
I guess some people don’t have enough disposable income left over to be put away for pension provision. I’m not sure it’s about ‘wishes’ either, more about ‘needs’. Countdown said:
SunsetZed said:
Countdown said:
crankedup5 said:
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Some won't be claiming for another 50 years. Retaining the Triple Lock actually means that the value of the pension will go up in some years when inflation is below 2.5%.Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
IMO the State pension should be means tested.
Countdown said:
SunsetZed said:
Countdown said:
crankedup5 said:
I support the NHS doctors/nurses/ paramedic staff in their quest for a decent pay rise. The degradation of their pay over the past decade or more is shameful Tory policy which has now come to a head.
Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
Some won't be claiming for another 50 years. Retaining the Triple Lock actually means that the value of the pension will go up in some years when inflation is below 2.5%.Back on topic, most people in work today will soon become pension claimants (hopefully). For this reason it is important to retain the triple lock on pensions that will ensure the value of the pension payment is kept.
IMO the State pension should be means tested.
Not to mention that currently all employees pay national insurance contributions so that they qualify for a state pension, presumably you're not going to take away what they've already paid in are you?
Implementing means testing on state pension would need a huge transition period to be done fairly imo.
Bluequay said:
Why should it be means tested? why should people be expected to fund others retirement and then receive nothing themselves just because they have saved an arbitrary amount. We pay national insurance we receive a pension, if you want to break the link then it has to go both ways.
It should be means tested so that taxpayers are only paying for those that really need it, and not for those that have £1m plus pension pots. The issue is that most people don't pay enough NI to cover the cost of providing a State pension. You would need a pot in the region of £200k in order to generate £12k a year and not many people pay £200k in NI over their working lives. That also assumes that ALL of your NI is used to contribute towards your SP and none of it is used to fund other benefits.The more people who demand that the State gives them money, the more pressure there is to raise taxes.
Blue62 said:
Biggy Stardust said:
People have up to 50 working years to provide for their old age but it amazes me how few make any provision at all then moan when state pensions are insufficient for their wishes.
I guess some people don’t have enough disposable income left over to be put away for pension provision. I’m not sure it’s about ‘wishes’ either, more about ‘needs’. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff