Pensions triple lock - doomed ?
Discussion
TwigtheWonderkid said:
johnxjsc1985 said:
these greedy pensioners paying for 50 plus years and then living the high life on £115 a week.
If were talking about the ones down my street, maybe they can downsize their £2m houses bought for £5K in 1965 to release some capital. Or just supplement their state pension with their final salary private pension.BlackLabel said:
I believe that the state pension is already means tested to a certain extent - poorer pensioners get theirs topped up with pension credits. I wonder if we'll reach a stage soon when the whole thing is means tested?
As I understand it the new flat rate pension is intended to reduce the amount of means testing that was required with pension credit grumbledoak said:
crankedup said:
What do you say about the issue ?
"Generation ME!" continues to disappoint.Don't worry, you will get your turn, if you work hard enough and are smart enough.
crankedup said:
grumbledoak said:
crankedup said:
What do you say about the issue ?
"Generation ME!" continues to disappoint.Don't worry, you will get your turn, if you work hard enough and are smart enough.
good spot. Can I blame my ipad? no, thought not.London424 said:
crankedup said:
grumbledoak said:
crankedup said:
What do you say about the issue ?
"Generation ME!" continues to disappoint.Don't worry, you will get your turn, if you work hard enough and are smart enough.
Goes to perhaps prove a broken system which is why we and the rest of Europe is going tits up, politically.
BigMon said:
Given that most pensioners at the moment have it better than future generations of pensioners will ever have it then this seems a suitable response to the original post.
Our two will certainly have it as good or better than us, having both worked to better themselves. Each are aware of thier future financial years and have been taking actions required that will go toward ensuring those futures. They will also both benefit from thier inheritance at some point. So save your violin for those that deserve it perhaps, those that have not cared for thier own futures. 
crankedup said:
TwigtheWonderkid said:
johnxjsc1985 said:
these greedy pensioners paying for 50 plus years and then living the high life on £115 a week.
If were talking about the ones down my street, maybe they can downsize their £2m houses bought for £5K in 1965 to release some capital. Or just supplement their state pension with their final salary private pension.
ked for eternity. This is the internet. crankedup said:
Our two will certainly have it as good or better than us, having both worked to better themselves. Each are aware of thier future financial years and have been taking actions required that will go toward ensuring those futures. They will also both benefit from thier inheritance at some point. So save your violin for those that deserve it perhaps, those that have not cared for thier own futures.
Well bully for 'your two'.You're deluding yourself if you think future generations of pensioners aren't, in all likelihood, going to be worse off than those at present due to a wide variety of factors which cannot simply be dismissed with 'it's their own fault for not taking care of themselves'.
No more final salary pensions, much poorer annuity rates and the likelihood that the NHS will be nothing like it is at present in terms of free service to name but three factors.
///ajd said:
crankedup said:
As thread title, will the Tories abolish the pension triple lock or at least have a fiddle with it?
With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
Given loads of oldies swung the brexit vote putting the economic future of the UK in doubt, the sort of cuts the tories are warming us all up for - including pensions - are what you asked for. Why shouldn't you oldies grin and bear it - take some of the brunt of the next decade of hardship that you voted for? With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
May can even say she has a mandate to do it.
From the Ashcroft analysis IIRC the nearest we could get to was mid to late 40s.
Hardly a grey Brexit vote.
BigMon said:
crankedup said:
Our two will certainly have it as good or better than us, having both worked to better themselves. Each are aware of thier future financial years and have been taking actions required that will go toward ensuring those futures. They will also both benefit from thier inheritance at some point. So save your violin for those that deserve it perhaps, those that have not cared for thier own futures.
Well bully for 'your two'.You're deluding yourself if you think future generations of pensioners aren't, in all likelihood, going to be worse off than those at present due to a wide variety of factors which cannot simply be dismissed with 'it's their own fault for not taking care of themselves'.
No more final salary pensions, much poorer annuity rates and the likelihood that the NHS will be nothing like it is at present in terms of free service to name but three factors.
Apart from that why the f**k should I care about others, seems to be the popular train of thought of the young generation. So yes, bully for me, number one comes first and that's my family.
Smollet said:
crankedup said:
TwigtheWonderkid said:
johnxjsc1985 said:
these greedy pensioners paying for 50 plus years and then living the high life on £115 a week.
If were talking about the ones down my street, maybe they can downsize their £2m houses bought for £5K in 1965 to release some capital. Or just supplement their state pension with their final salary private pension.sidicks said:
superkartracer said:
Actually the return on the funds collected is very poor , it should be £600 week.
Nonsense. The value of a £7k inflation-linked pension to a 65 year old is around £250k (more with the 'triple lock').Most people won't have earned anything like that from their contributions.
Edited by sidicks on Tuesday 25th April 10:08
Bargain .
Edited by superkartracer on Tuesday 25th April 15:10
crankedup said:
Maybe we should abandon the current Capitalistic Society and live under Communist rule. You seem to be judging your neighbours in a bad light for being successful ?
give him a break he is still reeling from his declaration that Rafa Benitez was the worst manager in the championship and would be sacked by Christmas.People need to remember that if they are lucky they will also become old and may well be dependant on the state to some extent.
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