Pensions… again

The thing is though by increasing the pension they are moving some pensioners into the "tax" bracket as the tax bands haven't increased, so some pensioners will now be paying tax on there pensions, which is appalling.

All that would cause is greater pension benefit claims.

In the next couple of years, the SP will attract tax, as thresholds are frozen until at least 2028, so rises will be clawed back.

Do you think the 30 billion handed back in NI cuts is affordable????

OP, how much do you think it costs to accrue a private pension of £21k which would take pensioners to minimum wage? Do you think occupational pensions are free? Regardless of occupational pensions, people still pay NI. If they are not going to get a state pension are you suggesting they get their contributions back so they can add them to their private pensions? What would fund your childcare then, in your quaint ‘household budget’ analysis?

At what level of income would you withdraw the state pension? Are you saying that all pensioners should have to live on minimum wage levels, for instance? Or a mean average? Median? Mode? Whichever way you cut it, it would require a massive increase in the pension, as people who can’t afford to save enough to have even a minimal retirement income would withdraw from pension schemes and rely entirely on the state. So there goes your free childcare, as the mythical purse would be empty.

Pointless asking, I’m sure, but how do you justify keeping people who have paid tax all their lives on poverty levels of income with savings means tested out of existence?

Do you have savings? A mortgage? If so, do you plan to hand them over in 30 years or so, as you won’t ‘need’ the cushion they provide?

Totally with you on this ,,,well said

And we’re still waiting to hear how you’d means test.

@GoodnightAdeline you said that you 'feel the money could be better spent and pensioners as a group are least in need of yet another rise or concession'. Please can you tell the many posters on this thread who disagree with you which groups the government should be supporting instead with the money that is being used to increase the state pension to £11,500 per annum? Please could you also answer the question I asked you last night on whether you would be able to live on that much per year?

😂😂😂
So all pensioners would gradually see their already paltry pension dwindle to nothing.

Great idea!

For Christ's sake - if you think the country cannot afford it, what do you suggest as an alternative? You have been all mouth and no trousers on this topic

You have not addressed specific points at all - for example, I asked if you resented your parents' pension increase, and I asked for some economic examples not from the tabloids, amongst other things. Other posters have challenged you on specific points and you have not responded.
The 'long walk...' is a well-known phrase used as a polite alternative to 'sod off you don't know what you are talking about'. I don't think I'm the unhinged one here...

Pensioners though come on ...the state pension isn't enough to live on as it is ..I will be there one day living off state pension as I'm single and cannot afford to pay into a private pension so will rely on the state ..I've worked bloody hard ally life pay my taxes sooo there you have it ...I hooe it goes up even more I still want my trios to Australia every year to seey daughter and grandchildren 🤣🤣

But people like me will just stop paying into private schemes. Why should I pay 40% of my salary into a pension when others won't bother and then get the state to help. In fact, great idea, I could do with some extra cash every month.

You could means test the state pension but at what level would you suggest?

If the NMW, is around 21k per year and the state pension is £11.5k, the vast majority of pensioners would still be assessed as needing this minimal amount?

Most people do not have private pensions of approx £10k p.a

A better question you could ask would be: Why have most European countries far higher state pensions? How do they manage? why have they far better public services?

We can easily afford it.

Don't move to Scandinavia op. Your head will explode with the unjustness of its welfare system!

Why ddon't you respond the specific points levelled at you rather than merely announcing that other than those who agree with you, all other posters do not comprehend you ageist, selfish, ignorant and goady stance?

Oh do take a long walk off a very short cliff. How massively ignorant you are making yourself look.
You are ageist. Just admit it.

@1dayatatime
"The increase in state pension is funded by taxpayers, "
Pensioners are also taxpayers, and the state pension is a taxable benefit.

(Note, the State pension itself is less than the personal allowance, and does not itself have a means of deducting tax. It is taken into account, however, if the pensioner has any additional personal pensions, in their tax code)

Please provide a list of available, non-tabloid, economic research to support your simplistic view

And the country can afford to pay you for your children, your free hours of childcre and all the other little benefitts you have as a child owner
Your arrogance is astounding. Have you told your parents you can't afford to pay their pension?
Have you sorted your inheritance- you'll get more if they get more
Or should we just put old people down at 66?