Deleted member 66701
D
Deleted member 66701
And the great Tory pensions deception is thus complete..............
Major (Stealth) pension changes to penalise mixed aged couples
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And the great Tory pensions deception is thus complete..............
Soldato
Didn't you retire aged 30 or something? So do you think you should you get a pension for the rest of your life just because you had a partner that is entitled to one because of her/his age?
I don't understand what the deception is? The State Pension scheme has been funded this way for decades?
The government? Dish out? The pension is a contributory benefit, it's not dished out, it's yours, it's not money for nothing.
What we're all worth, in line with equal european countries would do...
I have no desire to tread on anyone’s toes here, but my State Pension is £697 and change per month, I multiplied that by 12, then divided it by 52, and it came to £160.84 per week.
I have a son, resident in Germany for around 30 years, I emailed him to check on the figure of £507 p.w.
He replied that in order to get the maximum sum in Germany, you would have had to have worked for 45 years, and paid a great deal in.
He added that the £507 may have possibly been achieved by someone who had worked 45 years but retired before the Berlin Wall came down.
I seriously doubted that, and asked him to check again, he said that yes, he may have been wrong, he’d been surmising, and in 2012 the average pension for someone who had lived and worked in Western Germany, earning more than those in the East, was €1000 per month.
He added that his German mother-in-law received around €200 per month, as she quit work when she had her children, her eldest being my 54 y.o. daughter-in-law.
Deleted member 66701
D
Deleted member 66701
I'll still have full qualifying years (via child ben credits / seperate NIC conts) by the time I reach state pension age to entitle me to claim the full state pension, so the proposed changes wont affect me.
Associate
Why do people rely on pension in the digital age. With information at finger tips and knowledge available from e-books one can purchase without setting foot in a bookshop anymore; one can easily learn how to save and invest and not “rely” on state pension.
Easier said then done - you also have to start pretty early on it especially these days. The reality is a lot of people have little opportunity to save once their bills are paid.
EDIT: One thing I majorly regret is not hardcore saving when I started working in the late 90s through to ~2008 when the rates went meh - it would take around 54 years at current rates to make the same in interest as it would have in those 10 years.
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The state pension is something I hate with a passion, you are forced to pay contributions to it yet you have no say in it whatsoever, the government can push the pension age up as high as they like and increase the amount by as little as they like.
Compare that to the private market where you have so many choices, you can choose what age to retire at, what you want the value of the pension to be, thus deciding what contributions you pay. And of course the options of many different schemes of investing your pension based on the risk profile you would like to take.
This socialist model we have is just dreadful.
Compare that to the private market where you have so many choices, you can choose what age to retire at, what you want the value of the pension to be, thus deciding what contributions you pay. And of course the options of many different schemes of investing your pension based on the risk profile you would like to take.
This socialist model we have is just dreadful.
My only problem with it is the way it goes up - sure life expectancy might be longer and people generally in a little better shape maybe but in reality people's ability to do certain jobs physically isn't really much extended beyond what it always has been, mentally people are still facing significant impact from things like the onset of dementia, etc. at about the same time even if it might be a little more manageable in some cases - in reality people's ability to do their job isn't really going up at the same pace as life expectancy and it isn't like you can simply change to an easier job when you get older (short of a raft of new legislation) and going to mean an increasing number of older people who have no option but to drive to work when really they should have been taken off the roads 5-10 years before increasing accidents, etc.
Obviously there are real challenges with funding it with the increasing life expectancy, etc. but still.
I don't begrudge a system being there that helps to smooth out the potential varied position people might be in later in life due to a mixture of dumb luck and misfortune as easily as poor life decisions, etc. I'd much rather pay into a system like that than have some elderly people living with unnecessary suffering because life didn't set them up for a proper pension in later life for whatever reason rather than just concerned with what is best for me (ask Nigel Evans how that worked out for him).
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What do you think should happen to your state pension if you die before collecting all or even any of it?
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Have you ever heard of Equitable Life?
No I haven't. Obviously not big enough to be newsworthy.
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Nope, you are just posting from an "uninformed" position.
I'm just not old enough to be familiar with it. Definitely doesn't make the state pension seem remotely appealing compared to the private market however.