State Pension

[gulliver1]

Will the triple lock system be Sunaks "Hot Potato" ??.
I think it will be his and his partys downfall .Triple lock is going to be a major issue , but no one wants to discuss it. Sunak,Hunt and DWP Secretary have refused comment or address the issue ,but you can bet your life they are cooking something up between them that will be no advantage to Pensioners.

.

[naomi24]

//now it has reached the 10,000 signature threshold ,it has to trigger a Govt response. //

Which could be 'don't call us we'll call you', or something similar. Only after 100,000 signatures are issues 'considered' for debate in parliament so that isn't set in stone either.

https://www.gov.uk/petition-government

It seems to me that the pensioners who are worst off are those who have small private pensions that take their income just over the level at which they can claim extra benefits. Those who are able to claim are not badly off at all.

[gulliver1]

Follow on from 08.08..At the time of writing the petition has reached 105,688 signatures and is now waiting for an official debate in Parliament.
Hope this clears any doubt that ,
Ladybirder and Fripfrip have about this post. OK!

[barry1010]

Totally agree, naomi, I have relatives in that position and they really do struggle.

[gulliver1]

Naomi @ 08.25 You seem pretty clued - up on how to claim benefits are you experienced in this field ??

[naomi24]

What makes you think I know how to claim benefits, Gulliver? I know people who are in the position I've mentioned - and I also know women who receive full state pension despite never having worked since having their children about 50 years ago - whereas others who went back to work and continued to pay their dues receive drastically reduced amounts because they are contributions short. Something very cock-eyed with that system.

[Peter Pedant]

hi gully
OAP is a benefit and you have to apply and you get a nice letter from the gubmint saying it has been granted
( there has been loud squawking about this for years)

as for women's pension conts, god knows, If Baroness Ros Altmann says they are cack-eyed then they are, otherwise no.

[Peter Pedant]

um- yes she ( Ros that is!) says she does - it does, whatever

https://www.independentage.org/pounds-shilling-and-pensions/role-of-state/women-poor-relations

[gulliver1]

P.P @ 10.19 .I Can't see how the state pension can be classed as a Benefit Peter..

When "MOST " People have spent all their working lives paying pension contributions. But if that is what The powers above say it is , who is Joe public to argue.

[gulliver1]

Basic state pension is £7,000 Per year for pensioners
who have paid in to the system.
Wonder how much a year it costs to keep Asylum seekers who have not paid into the system.

[Peter Pedant]

pension as a benefit-
well it is - I am telling how life is not how it should be

NI Bills are now couched in tax terms - there are special words for Tax bills - "goodies for her Gracious Majesty which she can spend as she likes" or something. changed under mr brown

[THECORBYLOON]

Those in receipt of the full basic rate of the new State Pension receive £9,627.80 a year.

Those receiving the full basic rate of the old State Pension receive £7,376.20 a year.

[jourdain2]

Naomi 08.39 Thank you for understanding this. I am in that position. I stayed at home to raise my 2 children until primary school age (did private tutoring to help pay the housekeeping) and then returned to work. Because of the age it was I paid Married Woman's whatever-it-was, but when I returned to work I paid full contributions. Because of my age I 'retired' on a smaller pension anyway. As a result, my state pension is nowhere near what people think it is. Maybe I'll take up tutoring again if they ditch the triple lock. :)

[jourdain2]

^^^ By paying into other pensions I now find that I still pay tax (not a lot, but still a good chunk of not very much).

[naomi24]

Jourdain, I think there are a lot of women who now regret trying to do the right thing - juggling child care to provide for their families without depending upon state hand-outs, and continuing to contribute financially to the system, only to watch others reap the rewards of a lifetime of idleness. I don't know who worked this system out but whoever it was should have been sacked.

[ZebuSanctuary]

// new State Pension receive £9,627.80 a year. Old State Pension receive £7,376.20 a year//

All things considered this seems fair.

[ZebuSanctuary]

//biggest bugbear...(cut)... A person earning 100,000 pa will pay (at this year's rates) about 5.2 times as much NI//

It's likely those on £20k would gladly swap places.

Moreover, the playing field is levelled since
top earners can contribute vastly much more money into their chosen private pension scheme.

[THECORBYLOON]

NAOMI, "I also know women who receive full state pension despite never having worked since having their children about 50 years ago"

If they are divorced or widowed, the National Insurance (NI) contributions of their former or late husbands would have been used to establish their entitlements.

[Zacs-Master]

State pension triple lock is being kept. 10.1% uplift from April.

[ladybirder]

Thanks Zacs. I guess that will be just on the basic but not on SERPS?

OK I'll have a look myself;-)

[gulliver1]

ZM @ 13.00 The Tories knew they would be toasted if the Went on the "Bridge too far" path