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Pensioners up next on the Government hit list?
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 Stuk  Top half 06 Oct 15 12.35pm |
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Quote Mapletree at 06 Oct 2015 9.05am
Quote aquickgame2 at 06 Oct 2015 5.56am
Quote Mapletree at 05 Oct 2015 8.18pm
Great, I like to entertain Clearly it's not viable and whoosh on you for thinking I meant it. My point is, however, that you should only take out what you put in, otherwise you are stealing from the next generation. If you choose to start taking your pension early when you are still able to work then you should get less. In theory things do work that way but in practice we have a generation that lucked out and - if this site is anything to go by - doesn't care. It seems I am not the only one that thinks this is a selfish approach. This from today's Evening Standard: The contract with the generation below used to be something along the lines of: hang on in there and in a quarter of a century you will be us. You’ll have the jobs, the houses, the savings. You’ll have the security and the faint, comfortable dullness of middle age: your world will be our world. In fact, for very many years over the past couple of centuries, that promise was a bare minimum: your world, we could say with confidence, will be better than ours. You will be freer, more prosperous, more mobile, healthier and better housed. That contract has been broken; and its breaking is of unimaginable importance. But you don’t hear that much about it, because under-30s are barely represented in the national conversation. They are not, yet, MPs, and they don’t set the agenda in the media. Inasmuch as they are glimpsed, it’s through the prism of their parents’ anxieties: “boomerang children” refusing to leave the nest, “politically disengaged” moochers incessantly sexting each-other, “generation rent”. What do we say to them now? “Sorry” might be a start. In a quarter of a century we will need to admit to our children: you will not be us. We have pulled that ladder up. We have spent all the money and left our bar tab for you to pay off. You will have little or no prospect of owning a home. Your chances of being secure in a job are slim. And on top of the no-home, no-security, no-money thing, the chances are that even before you finish education you will be very sad, or very anxious, or very afraid.
From what I understand the earliest you can get it is 65 going up to 66,then up another year or so if you were born after a certain date. If you mean a private pension.then that is what you have paid in yourself,which has nothing to do with what the government pays out.
It's up to the individual, you won't be contributing "at source" like you would if still employed but you can carry on voluntarliy topping up NI payments. If you do stop altogether, and haven't made the required number of contribution years, you won't get a full pension. Just like it's your choice to delay taking the state pension, if you want to, which makes it worth more. About 1% more for each 5 week delay IIRC.
Optimistic as ever |
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| Hoof Hearted 06 Oct 15 3.57pm | |
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The next government initiative to cut costs will be to limit tax relief on pension contributions. Currently higher rate tax payers get 40% relief on the contributions. I believe that at some point soon tax relief will be limited to 20%. That should help to even out some inequality.
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| jamiemartin721 Reading 06 Oct 15 4.08pm |
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Quote Hoof Hearted at 06 Oct 2015 3.57pm
The next government initiative to cut costs will be to limit tax relief on pension contributions. Currently higher rate tax payers get 40% relief on the contributions. I believe that at some point soon tax relief will be limited to 20%. That should help to even out some inequality. I think generally these things aren't about equality, inequality, but simply making up for tax burned elsewhere typically in cuts, usually by targeting a group. Its Labours stealth taxing mentality.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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 Cucking Funt Clapham on the Back 06 Oct 15 6.19pm |
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It's my intention to check out around the 60 mark as I can't afford to retire - ever. Make the most of the 6 or 7 years of me you've got left, you shower of benders.
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| DanH SW2 06 Oct 15 6.32pm |
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Quote Cucking Funt at 06 Oct 2015 6.19pm
It's my intention to check out around the 60 mark as I can't afford to retire - ever. Make the most of the 6 or 7 years of me you've got left, you shower of benders.
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| Cucking Funt Clapham on the Back 06 Oct 15 6.37pm |
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Quote DanH at 06 Oct 2015 6.32pm
Quote Cucking Funt at 06 Oct 2015 6.19pm
It's my intention to check out around the 60 mark as I can't afford to retire - ever. Make the most of the 6 or 7 years of me you've got left, you shower of benders.
Sorry to shatter your lemonparty fantasy.
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Kermit8  Hevon 06 Oct 15 6.50pm |
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Bagsy the equipment and specimen jars.
Big chest and massive boobs |
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pefwin  Where you have to have an English ... 06 Oct 15 8.58pm |
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Quote Hoof Hearted at 06 Oct 2015 3.57pm
The next government initiative to cut costs will be to limit tax relief on pension contributions. Currently higher rate tax payers get 40% relief on the contributions. I believe that at some point soon tax relief will be limited to 20%. That should help to even out some inequality. I think your are referring to salary sacrifice which if the Treasury could understand they would end, it was widely expected in Gideon's last budget.. My understanding is that the Government wants tax re-coup as much taxable income as possible, hence the "pensions freedoms" etc, otherwise known as we now tax this deferred income now.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| Superfly The sun always shines in Catford 07 Oct 15 8.38am |
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Quote Cucking Funt at 06 Oct 2015 6.19pm
It's my intention to check out around the 60 mark as I can't afford to retire - ever. Make the most of the 6 or 7 years of me you've got left, you shower of benders.
Lend me a Tenor 31 May to 3 June 2017 John McIntosh Arts Centre with Superfly in the chorus |
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palace_in_frogland  In a broken dream 07 Oct 15 9.01am |
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Quote Superfly at 07 Oct 2015 8.38am
Quote Cucking Funt at 06 Oct 2015 6.19pm
It's my intention to check out around the 60 mark as I can't afford to retire - ever. Make the most of the 6 or 7 years of me you've got left, you shower of benders.
Not just the one, surely?
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| silvertop Portishead 07 Oct 15 9.16am |
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Quote Mapletree at 05 Oct 2015 12.39pm
Quote Hoof Hearted at 05 Oct 2015 11.29am
Quote silvertop at 05 Oct 2015 11.24am
Quote Hoof Hearted at 05 Oct 2015 11.16am
Quote aquickgame2 at 05 Oct 2015 11.14am
Quote susmik at 05 Oct 2015 10.55am
Quote matt_himself at 05 Oct 2015 9.35am
Quote Kermit8 at 05 Oct 2015 7.25am
1) "because they might die before the next election so can't vote." 2) "because they will probably forget who did it to them" What a delightful group. What an unintelligent post. Pensioners are the richest age group in the country. Benefits are universal and not means tested, as a result the poorest pensioners get the same as those who go on regular cruises. The fact is that that universal benefits for pensioners is not fair. The system needs reviewing and change.
As long as Public Sector pensions are led to the knacker's yard at the same time.
There is a great deal of ignorance about public sector pensions. The cliché of retired generals, high court judges and senior civil servants retiring on pensions greater than most people's working pay represents such a tiny % in terms of both number and amount as to be all but vanishingly small. Most are pretty meagre sums; local government is certainly contributory [I pay about 7%]. Hoof, do you really begrudge a wheels on meals lady her average salary pension after 40 years low pay service that she has contributed fully to? I am aware that is the other end of the spectrum but that is what your sweeping statement appears to say. In short, there is very wide a spectrum and your targets are at the far end and representing a very narrow band.
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| Hoof Hearted 07 Oct 15 10.20am | |
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Quote silvertop at 07 Oct 2015 9.16am
Quote Mapletree at 05 Oct 2015 12.39pm
Quote Hoof Hearted at 05 Oct 2015 11.29am
Quote silvertop at 05 Oct 2015 11.24am
Quote Hoof Hearted at 05 Oct 2015 11.16am
Quote aquickgame2 at 05 Oct 2015 11.14am
Quote susmik at 05 Oct 2015 10.55am
Quote matt_himself at 05 Oct 2015 9.35am
Quote Kermit8 at 05 Oct 2015 7.25am
1) "because they might die before the next election so can't vote." 2) "because they will probably forget who did it to them" What a delightful group. What an unintelligent post. Pensioners are the richest age group in the country. Benefits are universal and not means tested, as a result the poorest pensioners get the same as those who go on regular cruises. The fact is that that universal benefits for pensioners is not fair. The system needs reviewing and change.
As long as Public Sector pensions are led to the knacker's yard at the same time.
There is a great deal of ignorance about public sector pensions. The cliché of retired generals, high court judges and senior civil servants retiring on pensions greater than most people's working pay represents such a tiny % in terms of both number and amount as to be all but vanishingly small. Most are pretty meagre sums; local government is certainly contributory [I pay about 7%]. Hoof, do you really begrudge a wheels on meals lady her average salary pension after 40 years low pay service that she has contributed fully to? I am aware that is the other end of the spectrum but that is what your sweeping statement appears to say. In short, there is very wide a spectrum and your targets are at the far end and representing a very narrow band.
My Mrs works for Lloyds Bank as a pretty lowly paid admin clerk. Her pension entitlement has been hit as Lloyds have frozen her pensionable salary at the level it was in 2012. I don't see why any public service employee should be exempt from changes necessary to make their scheme financially viable too... especially as the tax payer funds a significant part of it. As for Judges and other high ranking government officials - their level of benefits is obscene and should have been cut back drastically years ago.
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