Monkey Boy wrote: ↑Tue Sep 10, 2024 11:39 am
Long slender neck wrote: ↑Tue Sep 10, 2024 11:09 am
Monkey Boy wrote: ↑Tue Sep 10, 2024 10:30 am
Well you’ve started now LSN haven’t we
just a couple of points to pick up on. I worked for 48 years paid in my NI for all that time. People can only claim full pension for working 35 max. So the extra 13 years I paid in I got nothing back unlike these immigrants that come over and expect a hand out. I’ve claimed nothing off the state in those 48 years except having some major surgery off the NHS which I was very grateful for. Being a pensioner like many others I don’t get the chance to earn extra money like youngsters do by doing overtime if available. I could get another job I hear you say but why should I, I’ve lived by the rules all my life contributing to this country unlike others that bend the rules. Don’t know if you work LSN ?and I’m presuming you’re fairly young so when you look back at this post in your 70’s I’m willing to bet you may and others on here will realise what a load of old bollocks this post is. So with respect LSN (who I have respect for) you can stick this post right up your backside where it belongs
So how much tax roughly did you pay each year? Others in this thread have covered how your contriubtions dont cover the pension but I'd like to do the maths anyway.
In all seriousness I’m not quite sure, the pension thing imo is a lucky dip. As for tax I paid in,it was at the rate government set at the time . I was on PAYE
the top you get for is around £890 per month as it stands. However some of my mates get a few hundred more and I don’t know why? Perhaps different governments change the rules? What people are not taking into account is that the more state pension you get the more they tax your private one. So that £400 there quoting will probably work out at about £250. It’s like in life LSN some get more than others depending on circumstances in life mate.
I don't hear people on this forum complaining about the very good pensions given to public sector workers, civil servants etc ?
https://www.msn.com/en-gb/money/other/g ... 4cfa&ei=16
Gold-plated public sector pensions cost every household £173,000.
The cost of Britain’s gold-plated public sector pensions has hit £173,000 for every household, analysis reveals.
The value of pensions already guranteed to workers including doctors, soldiers, civil servants and teachers has reached close to £5 trillion, projections suggest. This leaves every household with a bill of £173,000 to fulfil promises made during decades of generous final salary schemes.
One young people’s charity said the “eye watering” figures could no longer be brushed under the carpet, while a former pensions minister said politicians needed to be honest about the true cost of the “most generous pensions in the land”.
It comes as contributions from public sector employers and employees continued to fall billions of pounds short of what is already being paid out to retirees, with a £2.4bn bill picked up by the taxpayer this year alone.
Public sector pensions are “defined benefit” schemes, meaning they pay workers a proportion of their salary for life when they retire.
They also increase annually with inflation and are enjoyed by more than three quarters of public sector employees, compared to just 7pc of private sector workers. The UK’s total bill for these pensions hit £2.6 trillion earlier this year, larger than the size of the economy, according to official figures.
However, when adding factors like inflation and wage growth, economist Neil Record estimates the true figure is £4.9 trillion, leaving a £173,000 bill for each of the UK’s 28.4 million households.
Mr Record said the system was “unsustainable and needs urgent reform”.
He said: “The Government has for years hidden from view its largest debt – what it owes to public sector pensioners. It will have to pay the enormous sum of around £4.9 trillion over the next 80 years to fulfil all its legally enforceable pension promises even if it closes its pension schemes today.
“This year it is going to pay over £54bn to its own ex-employees, and all of the cost will come from today’s and tomorrow’s taxpayers because unlike in the private sector, previous contributions were spent instead of being invested to fund future pensions.”
Former pensions minister Baroness Ros Altmann said public sector workers deserved good pensions, but “it seems not everyone realises how valuable they are or what the true cost is for future taxpayers”.
just a couple of points to pick up on. I worked for 48 years paid in my NI for all that time. People can only claim full pension for working 35 max. So the extra 13 years I paid in I got nothing back unlike these immigrants that come over and expect a hand out. I’ve claimed nothing off the state in those 48 years except having some major surgery off the NHS which I was very grateful for. Being a pensioner like many others I don’t get the chance to earn extra money like youngsters do by doing overtime if available. I could get another job I hear you say but why should I, I’ve lived by the rules all my life contributing to this country unlike others that bend the rules. Don’t know if you work LSN ?and I’m presuming you’re fairly young so when you look back at this post in your 70’s I’m willing to bet you may and others on here will realise what a load of old bollocks this post is. So with respect LSN (who I have respect for) you can stick this post right up your backside where it belongs 
the top you get for is around £890 per month as it stands. However some of my mates get a few hundred more and I don’t know why? Perhaps different governments change the rules? What people are not taking into account is that the more state pension you get the more they tax your private one. So that £400 there quoting will probably work out at about £250. It’s like in life LSN some get more than others depending on circumstances in life mate.
