Pension Or Benefit?

david small | 15:17 Tue 04th Mar 2025 | ChatterBank

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I've just received a letter informing me that my benefit will be increased by April. Since when has old age pension been classified as a benefit? I have paid out for National Insurance contributions for over fifty years. I don't appreciate being informed that I'm on benefits.

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“Retirement Pension and State Pension are both contributory benefits…”What are these two different schemes. Corby?“You have not paid in as much as you are getting out, hence it is topped up and is classed as a benefit.”How do you know?Under the current thresholds a person who earns an annual minimum of £6,396 a year pays no income tax and no employee NI...

17:59 Tue 04th Mar 2025

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