Will the state pension evaporate?

[Mark300zx]

I am 17 years away from getting it, at this point in time, and wondering what the odds of actually receivng anything are?

[Evanivitch]

Of course you'll receive it, but maybe not in 17 years.

I've got atleast 40 years, I'm almost certain I won't see it in its current form.

[43034]

Evanivitch said:

.

I've got atleast 40 years, I'm almost certain I won't see it in its current form.

I'm 23 so have a fair way to go yet, state pension is definitely not included in my retirement planning!

[rossub]

43034 said:

Evanivitch said:

.

I've got atleast 40 years, I'm almost certain I won't see it in its current form.

I'm 23 so have a fair way to go yet, state pension is definitely not included in my retirement planning!

This is definitely the way forward. Treat it as a bonus - especially if you live long enough to receive it!

If it is done away with, there will still need to be welfare support to replace it for a hell of a lot of people.... or they'll starve to death!

[Jambo85]

I agree that it is unlikely to remain in its current form. I am curious how any government would actually go about retracting it? Many people young and old will be planning on receiving it. Hell I am early thirties and I am fairly sure there is a government site I can go to and see what I will get... so I'm "entitled" to that, right?

And whichever government takes the tough decision of means testing it or doing away with it or whatever can safely assume they'll be replaced at the next election.

[mike74]

Should definitely be means tested now, never mind at some point in the future.

[dingg]

Good luck to any government trying to introduce a means tested OAP in the future
Its one of the cornerstones of the welfare state for everyone.

Why should the local benefit scrounger whos sponged off the state on benefits all his life be able to receive it but someone who's saved all his life be disbarred ?

The best that any government will be able to do is squeeze up the age we can start receiving and this has already started.

Means tested my arse. - I've paid a lot more than my fair share into the system and I want what I'm ENTITLED to when my time comes.

[markiii]

which means the scroungers will be on other benefits for longer, same difference really

[MTech535]

Universal income is a solution

[CzechItOut]

dingg said:

Why should the local benefit scrounger whos sponged off the state on benefits all his life be able to receive it but someone who's saved all his life be disbarred ?

You can apply that argument to all of the welfare state. I genuinely believe that State Pension will eventually be means tested. It will start with the winter fuel allowance and then creep to pensions, starting with those who's pension incomes are more than £££ and gradually getting lower as the years progress.

[dingg]

Believe what you want but no government will ever introduce that policy , the best they can do is increase the age of receipt

[oyster]

mike74 said:

Should definitely be means tested now, never mind at some point in the future.

Why?

Why can't it just be reduced/restricted for everyone?

[NickCQ]

oyster said:

mike74 said:

Should definitely be means tested now, never mind at some point in the future.

Why?

Why can't it just be reduced/restricted for everyone?

Because in a civilised society, freezing hungry grannies is not really what we want, even if it's their own fault for not saving during their working lifetime.

[Gary C]

MTech535 said:

Universal income is a solution

And a cause of country wide collapse.

[mike74]

Why does someone with a private pension of £50k, £60k, or more a year really need the state pension? It's nothing but small change to them.

[Evanivitch]

mike74 said:

Why does someone with a private pension of £50k, £60k, or more a year really need the state pension? It's nothing but small change to them.

You don't know their circumstances.

[Gary C]

mike74 said:

Why does someone with a private pension of £50k, £60k, or more a year really need the state pension? It's nothing but small change to them.

Maybe because we paid for it (and many many other people's too)

[GT03ROB]

mike74 said:

Why does someone with a private pension of £50k, £60k, or more a year really need the state pension? It's nothing but small change to them.

And they make up precisely what percentage of the population? So we are back to the politics of greed & envy, which is no basis for a sensible fiscal policy..

[CaptainSensib1e]

Jambo85 said:

I agree that it is unlikely to remain in its current form. I am curious how any government would actually go about retracting it? Many people young and old will be planning on receiving it. Hell I am early thirties and I am fairly sure there is a government site I can go to and see what I will get... so I'm "entitled" to that, right?

And whichever government takes the tough decision of means testing it or doing away with it or whatever can safely assume they'll be replaced at the next election.

- Means testing: the amount you receive will depend on what others assets pensions you have
- Fiscal drag, increasing the state pension annually by less than the rate of inflation, so the real cost/value declines
- Retirement age - already plans in place to raise the retirement age. I doubt anyone currently under 30 will get their state pension until they reach at least 70

[The Leaper]

People, like me, want their State pension because they have been forced to pay for it for others via their NI contributions while working. The State pension is unfunded so today's contributors are paying for today's pension payments.

R.