Quote Originally Posted by Returnofrros View Post
Islay your income is possibly reduced but so are you're outgoings and you have had 40 odd years to prepare.

You also have a minimum 2.5% increase every year, locked in guaranteed and guarnteed increase in your final salary scheme.

Compare and contrast with zero hour contract .....I cud ramble on....I'm no gonna.

There are so many more things young folk can spend their money on nowadays....what little they have.
Any person who has been contracted out will never receive the full amount of new ‘big’ state pension which commenced in July 2016 and political parties are talking about ending the ‘triple lock’ on state pensions.
Income for pensioners who have been employed all their lives drops when they become dependent on a company pension (superannuation) and their state pension both of with are taxable. Barbara Castle has a lot to answer for regarding the taxation of the state pension.
All the political parties currently canvassing for votes at the Scottish Government elections on 6th May 2021 are throwing money at everyone apart from OAPs who have not been given a ‘bribe’ to vote for them. Interestingly it is the OAPs who religiously turn out to vote in elections while a lot of young people never bother.