Re: State Pension Changes
Interest rates are being deliberately kept low so people who can't afford to buy homes can afford to. It is their wages that shoudl be higher not borrowing costs lower.
As for pensions, this government has done me a favour.
I can get my hands on all my pension fund as I want it without having to buy an annuity. That means I can draw out £10,000 a year without paying any tax on it (as I dont earn anything)
Then I will get the state pension at 66.
I calculated, that if I was working, I would only be paid for 6 months as the previous six months would all be lost in Tax, NI, expenses for work such as clothes, transport and holidays to get over the work!
Better off not working I say!