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The state pension
Posted: Tue Sep 10, 2024 9:40 am
by Long slender neck
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
Re: The state pension
Posted: Tue Sep 10, 2024 9:46 am
by OyinbO
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
Pensions are a benefit. Pensioners who say they "paid in their whole lives" usually haven't clocked that what they were "paying in" in was used to support the pensioners of a previous time. Their own state pensions are not paid from some pot of money that they built up over their working lives, but from the taxes/NI paid by today's working age people, who will be working for longer and for less. It's an important distinction.
OTOH younger people who argue against the triple lock need to understand that they will be the beneficiaries of it when their time comes, as it continues to lift the relative value of the state pension in the intervening years.
Re: The state pension
Posted: Tue Sep 10, 2024 9:51 am
by Long slender neck
I dont see how the triple lock is sustainable, it'll be gone within the next ten years I reckon.
Re: The state pension
Posted: Tue Sep 10, 2024 10:05 am
by Dunners
If the general public were ever to be properly educated into how the state pension works, I suspect attitudes towards immigration and supporting women to have shed loads of children would soften considerably.
Re: The state pension
Posted: Tue Sep 10, 2024 10:30 am
by Monkey Boy
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
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
Re: The state pension
Posted: Tue Sep 10, 2024 10:33 am
by Proposition Joe
Not actually engaged with any of the argument there though, have you?
Re: The state pension
Posted: Tue Sep 10, 2024 10:45 am
by Long slender neck
Dunners wrote: ↑Tue Sep 10, 2024 10:05 am
If the general public were ever to be properly educated into how the state pension works, I suspect attitudes towards immigration and supporting women to have shed loads of children would soften considerably.
So why arent they educated?
Re: The state pension
Posted: Tue Sep 10, 2024 10:52 am
by Dunners
Long slender neck wrote: ↑Tue Sep 10, 2024 10:45 am
Dunners wrote: ↑Tue Sep 10, 2024 10:05 am
If the general public were ever to be properly educated into how the state pension works, I suspect attitudes towards immigration and supporting women to have shed loads of children would soften considerably.
So why arent they educated?
That's a good question.
Re: The state pension
Posted: Tue Sep 10, 2024 11:09 am
by Long slender neck
Monkey Boy wrote: ↑Tue Sep 10, 2024 10:30 am
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
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.
Re: The state pension
Posted: Tue Sep 10, 2024 11:20 am
by BIGRON
I worked from the age of 15 until I was 64 and payed my tax and insurance every week , I get a tad over 900 quid per month which im grateful for , it Pisses me off that some people I know have never worked in their life and rake in more than a grand a month in benefits
Re: The state pension
Posted: Tue Sep 10, 2024 11:38 am
by Long slender neck
How do they manage that Ron?
Re: The state pension
Posted: Tue Sep 10, 2024 11:39 am
by Monkey Boy
Long slender neck wrote: ↑Tue Sep 10, 2024 11:09 am
Monkey Boy wrote: ↑Tue Sep 10, 2024 10:30 am
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
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.
Re: The state pension
Posted: Tue Sep 10, 2024 11:53 am
by OyinbO
Benjamin Franklin: "in this world nothing can be said to be certain except death, taxes, and pensioners complaining about the first two"
Re: The state pension
Posted: Tue Sep 10, 2024 11:58 am
by Max B Gold
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
I suspect you are worrying unnecessarily about old people. The whole funding issue could be solved by a wholesale redistrbution of wealth by taxing the billionaires. Problem solved without the need to demonise poor pensioners and portray them as some sort of greedy gits. Next problem please
Re: The state pension
Posted: Tue Sep 10, 2024 11:58 am
by Monkey Boy
OyinbO wrote: ↑Tue Sep 10, 2024 11:53 am
Benjamin Franklin: "in this world nothing can be said to be certain except death, taxes, and pensioners complaining about the first two"
“Smile and the world smiles with you” Adolf Hitler 1945
Re: The state pension
Posted: Tue Sep 10, 2024 12:01 pm
by Monkey Boy
Max B Gold wrote: ↑Tue Sep 10, 2024 11:58 am
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
I suspect you are worrying unnecessarily about old people. The whole funding issue could be solved by a wholesale redistrbution of wealth by taxing the billionaires. Problem solved without the need to demonise poor pensioners and portray them as some sort of greedy gits. Next problem please
Think they should double the tax on the jocks,max? What do you think
Re: The state pension
Posted: Tue Sep 10, 2024 12:03 pm
by redintheface
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms!
https://www.independent.co.uk/travel/ne ... 96135.html
Re: The state pension
Posted: Tue Sep 10, 2024 12:05 pm
by Dunners
Everyone of working age should take their own private pension planning seriously, and on the assumption that they will not qualify for any state pension by the time they reach whatever the nominal retirement age is in the future.
But if you think things are bad in the UK, the unfunded future state pension liabilities in places like Germany, Italy, Spain etc are terrifying. There's a serious crunch coming.
Re: The state pension
Posted: Tue Sep 10, 2024 12:07 pm
by Long slender neck
The train drivers are doing something worthwhile though and paying for todays pensioners.
Re: The state pension
Posted: Tue Sep 10, 2024 12:09 pm
by Max B Gold
OyinbO wrote: ↑Tue Sep 10, 2024 11:53 am
Benjamin Franklin: "in this world nothing can be said to be certain except death, taxes, and pensioners complaining about the first two"
By not increase the personal allowance in line with inflation over the last few years more pensioners are being made to pay tax for the first time.
The UK has one of the worst state pensions in Europe in terms of the amount receivable and the age people qualify for it. If other similar countries can do it, why can't the UK?
Re: The state pension
Posted: Tue Sep 10, 2024 12:09 pm
by Give it to Jabo
Britain is such a capitalist country, but we do not operate this very well -selling off our best assets -Thatcher in the 80s, Brexit etc. no wonder we have the lowest state pensions in Europe.
Re: The state pension
Posted: Tue Sep 10, 2024 12:10 pm
by Max B Gold
Long slender neck wrote: ↑Tue Sep 10, 2024 12:07 pm
The train drivers are doing something worthwhile though and paying for todays pensioners.
Probably best to euthanise them now that they are no longer productive and living off the backs of the workers of today.
Re: The state pension
Posted: Tue Sep 10, 2024 12:14 pm
by Max B Gold
Monkey Boy wrote: ↑Tue Sep 10, 2024 12:01 pm
Max B Gold wrote: ↑Tue Sep 10, 2024 11:58 am
Long slender neck wrote: ↑Tue Sep 10, 2024 9:40 am
Old people always claim they worked their whole life for it, blah blah. But does anyone know if the cost is really covered by tax paid?
Also, the triple lock needs to go- just imagine anyone else getting a pay deal on the same terms! Pensions seems like a bung to old folk because they get out and vote.
I suspect you are worrying unnecessarily about old people. The whole funding issue could be solved by a wholesale redistrbution of wealth by taxing the billionaires. Problem solved without the need to demonise poor pensioners and portray them as some sort of greedy gits. Next problem please
Think they should double the tax on the jocks,max? What do you think
It would be better if we retained the wealth we create instead of sending it all to London and receiving a pitiful allowance in return.
Re: The state pension
Posted: Tue Sep 10, 2024 12:18 pm
by Long slender neck
Sounds a bit like the theory behind Brexit.
Re: The state pension
Posted: Tue Sep 10, 2024 12:19 pm
by Dunners
Real Brexit hasn't been tried yet.
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.