Cheaper admission prices most places for over 60s.

[truman 10]

They also had much more generous pension schemes and enjoyed earlier retirement, so you can look at it either way.

 

 

You could have had 2 people working side by side and earning the same..one decides to save his cash,the other decides to spend it all..why should the saver not get the same State Pension as the spender? If the save doesn't get the same then he may as well have pee'd it all up the wall just the same..

[El Cid 214]

If they haven't worked for much of their life then they would normally be entitled to a State Pension because their NI contributions have been paid.

 

So working and paying tax as no bearing on the state pension and all the freebies associated with it.

[Annie Bynnol 612]

 

How do you go about separating the wheat from the chaff??

 

If someone hasn't planned ahead, is it ok to tell them to FRO and live with their choices?

 

As already stated some cannot plan ahead because of reasons beyond their control and deserve support.

 

The vast majority plan ahead and budget for various items, the most important for many is your roof, your old age and your children. Some have other priorities.

 

Neither of these two groups should be expected to pay for those who could but did not plan ahead.

 

---------- Post added 14-05-2018 at 14:03 ----------

 

So working and paying tax as no bearing on the state pension and all the freebies associated with it.

 

 

Working and paying NI insurance entitles you to a State Pension.

The amount you earn is reflected in your Occupational Pension.

The amount you choose to set aside on top of these is reflected in your income when retired.

Some of your outgoings when retired will also depend on the choices you made earlier.

[spilldig 188]

To be fair the wife and I have never been better off, no mortgage, no kids, only need to run one car, no work releted expenses, we even donate our winter fuel allowances to our favoured charities. Irrespective of my forum stalker disputing this fact, our joint State Pensions are over £19K p/a, plus our private pensions and interest/dividends on investments give us a grand total of circa £30K p/a. We certainly don’t feel underprivileged, and never expected the state to provide everything.

 

Then you are still getting less than what the government state as minimum, ie £32,5k p/a

[Calahonda 11]

Then you are still getting less than what the government state as minimum, ie £32,5k p/a

 

Yes, but we have a fair old bungle of cash/shares to dip into.

[spilldig 188]

Yes, but we have a fair old bungle of cash/shares to dip into.

 

Doesn't really matter. The minimum doesn't take savings into account.

[Calahonda 11]

Doesn't really matter. The minimum doesn't take savings into account.

 

I only worked a 35 hour week, and when I say worked, I was payed for it

[monkey104 10]

Millions of people have contributed to their state pension by paying NI contributions for decades.

One of the "benefits" of working.

 

Millions of people have contributed to their occupational pension by paying contributions for decades.

One of the "benefits" of working.

 

Millions of people planned ahead and made correct decisions which involved putting on average 15% of their income into pensions.

Some could not because of reasons beyond their control and deserve support.

 

Some have not planned ahead.

And yet receive more or less the same pension!

[El Cid 214]

[/b]

And yet receive more or less the same pension!

 

Its down to equality. The Government must pay the stay at home wives, even though they haven't paid into the system.

[Annie Bynnol 612]

[/b]

And yet receive more or less the same pension!

 

No they do not.

 

Your new State Pension has a minimum qualifying time of ten years and you will only get the full amount with 35 years of contributions.

 

The earnings related part has also been abolished.

The "married woman" entitlement has gone.

 

Also those who have planned ahead will have additional pensions organised through work, payed for added years or bought privately. These pensions will be dependent on what you decided to pay in.

 

The full State Pension will not payable to soldiers, firemen, nurses, teachers,

council workers, government workers etc. as they are deemed to have "contracted out".

 

---------- Post added 15-05-2018 at 08:32 ----------

 

Its down to equality. The Government must pay the stay at home wives, even though they haven't paid into the system.

 

 

No, this has now ended for new pensioners.

[AlexAtkin 10]

These people may possibly have sacrificed a lot of their wages throughout their working life to accumulate a good pension pot...why shouldn't they receive the same state pension as those who decided to squander their cash?

 

 

I do hope you aren't suggesting anyone who didn't get a private pension must have "squandered" their cash?

 

 

Plenty of people work most or all their life but never earned enough to afford a mortgage or private pension.

[Annie Bynnol 612]

I do hope you aren't suggesting anyone who didn't get a private pension must have "squandered" their cash?

 

 

Plenty of people work most or all their life but never earned enough to afford a mortgage or private pension.

 

People choose what to do with their income, however big or small.

Some jobs come with an Occupational Pension plan that involves the employee, employer and the Government contributing to an income you when you retire.

All full time jobs come with the ability to pay for the State Pension.

Many people save money for a variety of reasons.

Some people will buy into a fund that will provide a Private Pension

A good way of saving for the future is to use the tax advantages that are associated with pensions.