17-10-2017, 11:42 AM
11
Re: State Pension to Rise
Originally Posted by realspeed
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But will that apply to us who are already on a state pension? there is already an inbalance with new pensioners being entitled to more than existing ones
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17-10-2017, 01:22 PM
13
Re: State Pension to Rise
Originally Posted by Morticia
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What I don't get ... is how would this lofty idea of a universal income for all fit it?At the moment the trend seems to be to claw it back off pensioners via raising retirement age .. and yet ... should a universal income come in the term 'retired' wouldn't really apply anymore.
There's a misconception that pensioners are somehow wealthier than the majority of the rest of society or are expected to have a lower standard of living and/or less expensive tastes or needs.
Personally I'm very keen on a universal income as it would mean a way out of unemployment for many having been on benefit for a year I know how hard it is to transition from that into work. It would also cost less than our current benefits system to administer.
17-10-2017, 02:59 PM
15
Re: State Pension to Rise
Originally Posted by swimfeeders
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HiToday's Inflation figure is the one that sets next year's State Pension.
It will rise by 3%, whereas average wages have risen by only 2.1%.
This means the Chancellor has to find another £3.5 Billion to fund the increase.
It will be interesting to see how he funds it.
17-10-2017, 04:30 PM
16
Re: State Pension to Rise
Originally Posted by tomtwodogs
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Oh well its something I suppose, but they get it back in tax from me, e.g. if I get 15k pension, + 15k driving Trucks,. I pay tax on 30k income
but its ok by me it pays for my winter holidays , and certain other luxuries
17-10-2017, 05:22 PM
17
Re: State Pension to Rise
Originally Posted by Norway
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cant see how you pay tax on 30k as your personal allowance is around 11k so you should only pay tax on 19k so £3800 not £6000?
17-10-2017, 05:58 PM
18
Re: State Pension to Rise
Originally Posted by realspeed
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The state pension should reflect what one pays into it, allowing for a base rate for those that haven't.its our own money we put in and now should be able to draw against it, not rely on those in work paying.
I started paying with what was called "Graduated pension" and been paying in since I was 15 years old ,that is at least 50 years worth in their bin.
Luckily I not only have private pensions but works one as well, but even get taxed on that, so get hit twice
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