Argentina

[Returnofrros]

Was a fairly prosperous country before it became broke and irrelevant.

UK going same way.

[The AuldYin]

I'm not sure what way this is gonna end up, we clearly can't afford to keep going the way we are going with the welfare state & the NHS, a Greece style bankruptcy is very real possibility. A life of sitting on your arse has never been more generous in my lifetime yet for some reason most still think people on benefits are eating wallpaper.

[Returnofrros]

I'm not sure what way this is gonna end up, we clearly can't afford to keep going the way we are going with the welfare state & the NHS, a Greece style bankruptcy is very real possibility. A life of sitting on your arse has never been more generous in my lifetime yet for some reason most still think people on benefits are eating wallpaper.

Means testing state pension seems to be gaining some traction.

That will be civil war

[BCram]

Means testing state pension seems to be gaining some traction.

That will be civil war

Howabout not giving state pensions to those who have final salary based pensions?

[The AuldYin]

Howabout not giving state pensions to those who have final salary based pensions?

And do what with the money you've deducted from them over the years?

[jdfc]

Howabout not giving state pensions to those who have final salary based pensions?

Give nothing to those that have paid NI for over 40 years, and give it to scroungers who have had benefits all there lives

[Deeranged]

Howabout not giving state pensions to those who have final salary based pensions?

Now that would cause a civil war

[Returnofrros]

This is being openly discussed within the labour party.

State pension to 74 and means tested.

Escape age rise if born 1966 and before.

The triple lock has to go first and foremost......tax relief at 40% on contributions into pensions has got to go.....I'd equalise tax relief at 25%......it was always erse about elbow giving higher rate tax payers a bigger relief.

But original point stands.....this country is in serious financial trouble.

[Returnofrros]

Thing is though if AHH **** lost their state pension you cud then justify cheaper season tics and entry into football for rich auld folk.....they wouldn't be so rich.

[Returnofrros]

And.

Furlough and lockdowns........we were warned. 😞

[noahrab]

And do what with the money you've deducted from them over the years?

Nothing has been deducted for pensions over the years.

Pensions are a benefit.

[The AuldYin]

Nothing has been deducted for pensions over the years.

Pensions are a benefit.

Where has the money for pensions came from then?

[noahrab]

Where has the money for pensions came from then?

Today?s taxpayers pay for today?s pensions.

[BCram]

Today?s taxpayers pay for today?s pensions.

I am afraid Noah that you are spot on. No money has been saved onto a fund for the payment of state pensions. Every state pension is paid out of the current taxes raised each month.
Think there is no need to give highly paid people advantages when it comes to tax relief on pensions but there was pandemonium when they put a low limit on how much NHS consultants could pay into their pension pots. They had to pay so much more tax because they could not stuff their pension fund full of cash they did not need, or could not spend.

[Returnofrros]

It is a benefit but people have built whole retirement planning with this benefit in mind.

Three main Tennant's of govt

Defend borders .....****ed

Provide good health care ......****ed

Provide state pension.......ain't getting it