Scrapping Age Related Benefits
Discussion
anonymous said:
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Your sums don’t add up somewhere. If you are 65 now you must have been born 1954 or before, not late 50sYou, as I have, contributed to The NI fund, but not sufficiently to cover our state pensions.
I do not get mine for a while yet as not quite 65.
My point is it is unsustainable in its current form and people should be mandated to save for their own pension and minimum wage increased to suit. Employers should be forced to pay sufficient for this to work.
It will certainly weed out companies that use unrealistically low wages to survive.
I stopped work a few years ago and it’s great. Barely enough time to come on here.
anonymous said:
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Trust us, you're still on here enough to get under our skin. I can't tell wether your sanctimonious or just entitled. The low wage is a result of the type of economy we have, not a driver. How will an arms race between nmw and the cost of living end. And yes you have paid f
k all NI for what state pension you will get back. 'People should be mandated' to save for thier pension, they are already paying the workplace pension @5%, on top of the highest housing costs in the eu. markcoznottz said:
Trust us, you're still on here enough to get under our skin. I can't tell wether your sanctimonious or just entitled. The low wage is a result of the type of economy we have, not a driver. How will an arms race between nmw and the cost of living end. And yes you have paid fk all NI for what state pension you will get back. 'People should be mandated' to save for thier pension, they are already paying the workplace pension @5%, on top of the highest housing costs in the eu.
So how should pensions be funded?k all NI for what state pension you will get back. 'People should be mandated' to save for thier pension, they are already paying the workplace pension @5%, on top of the highest housing costs in the eu. anonymous said:
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Whilst I wish you a long and happy retirement, the fact is that you are likely to have paid in a lot less than you are getting out, judging by your pension savings, so saying that you have earned the right to receive money that is effectively being paid for by others is a little bit cheeky...Roofless Toothless said:
In order to make sure I really annoy any mean spirited, ungrateful young people who also happen to be environmentalists, I make sure I spend all my winter fuel allowance on logs for the wood burner.
that's carbon neutral! Get some tyres on there and carpet offcuts. markcoznottz said:
Trust us, you're still on here enough to get under our skin. I can't tell wether your sanctimonious or just entitled. The low wage is a result of the type of economy we have, not a driver. How will an arms race between nmw and the cost of living end. And yes you have paid fk all NI for what state pension you will get back. 'People should be mandated' to save for thier pension, they are already paying the workplace pension @5%, on top of the highest housing costs in the eu.
Whether you take umbrage on my position is of no consequence to me.k all NI for what state pension you will get back. 'People should be mandated' to save for thier pension, they are already paying the workplace pension @5%, on top of the highest housing costs in the eu. Entitled. In what way do you consider I am entitled?
Why have you set up a business which I suspect is low or minimum wage?
People should be forced to save for their own pension. 5% is woefully short. Do the sums, compounded interest, it’s a simple spreadsheet over 45 years or so. 20% may start to get close.
anonymous said:
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I apologised for my mistake last evening, see above.Expecting others to pay more to pensioners is wrong and unsustainable.
The percentage of pensioners in the population is increasing and expecting the working population to take up the burden of pension and health care is unfair and unrealistic.
Going forward everyone should be forced to save sufficient for their own retirement.
Got to love all the talk of people should put more into their pension.
Pensions are gambling, like ISAs, shares, horse racing etc.
In the past people's pensions have simply disappeared after a lifetime of paying in. I have paid into a private pension for 30 years, but only £130 a month. I just could not increase the payments even when I was doing well. I just don't like gambling. OK, maybe a quid on the underdog at a football match.
So that £46k has turned into a current pot of £130k. Someone tell me if that is a good rate of growth, cheers.
Another 11 years to go and it won't get me much, pension wise, but with the cost of living in London taking up most of my take home, there ain't a chance in hell of me adding to that, and many must be in the same boat.
'Cheap' 2 bed flat in London, £1600 a month plus bills and council tax, means even an above average wage earner is going to struggle.
I think it's time for euthanasia machines on every street corner, like in Futurama
Pensions are gambling, like ISAs, shares, horse racing etc.
In the past people's pensions have simply disappeared after a lifetime of paying in. I have paid into a private pension for 30 years, but only £130 a month. I just could not increase the payments even when I was doing well. I just don't like gambling. OK, maybe a quid on the underdog at a football match.
So that £46k has turned into a current pot of £130k. Someone tell me if that is a good rate of growth, cheers.
Another 11 years to go and it won't get me much, pension wise, but with the cost of living in London taking up most of my take home, there ain't a chance in hell of me adding to that, and many must be in the same boat.
'Cheap' 2 bed flat in London, £1600 a month plus bills and council tax, means even an above average wage earner is going to struggle.
I think it's time for euthanasia machines on every street corner, like in Futurama
anonymous said:
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I think the system does enable you to defer taking the pension for enhanced payments. At the other end of the calculation, most people start work at 18, so the period of contributions isn't that exceptional.
Penalising those who do full time education, and therefore fewer years of contributions would be counter intuitive as they, on average, make greater contributions for the rest of their working career due to higher average wages.
Evanivitch said:
Benefits (and pay) should not be age related. I'd even argue that the pension age should be varied depending on how early you retire.
Scrap pensioner benefits. And let's stop pretending that Living Wage is only appropriate for 25yo plus.
Pensioner benefits should be related to how much each individual contributed into the system during their working lives, with obvious adjustments for those such as house wives, cares etc who did not work in a conventional place of employment but worked in the home to be paid such benefits. Scrap pensioner benefits. And let's stop pretending that Living Wage is only appropriate for 25yo plus.
Like social security benefits the system starts to fall down when individuals (who can work, but choose not to) , have paid little, (or worse) nothing into the system yet draw from it.
A certain amount of this can be absorbed by the system, but when the numbers who have not paid into the system start to get large / larger in relation to those who have, and do pay into the system, it then gets into trouble. We only have a social security system because the money taken to operate it comes in the main from all those who work and pay taxes. When the public sector grows too large the whole system will fail, because operating the public sector generally takes money, it rarely makes money.
Nickgnome said:
anonymous said:
[redacted]
I apologised for my mistake last evening, see above.Expecting others to pay more to pensioners is wrong and unsustainable.
The percentage of pensioners in the population is increasing and expecting the working population to take up the burden of pension and health care is unfair and unrealistic.
Going forward everyone should be forced to save sufficient for their own retirement.
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