I have the same dilemma

[Probablyprefercats]

I was thinking of watching the exit polls at 10 pm then sleeping until 4:00am but I'll miss all the good stuff then.
I think I'll get up at 3:00 am having recorded it so I can watch the big hitters losing their seats.
I won't need an alarm, I'll be too excited.

Hahaha hahah hah. Have you seen the latest polling results?! The conservatives will be doing well if they get more seats than the lib dems...

So if your full time on national living wage it's 22k a year or there about. State pension around 12 k but I think it will be going up in line with inflation which means they will pay tax on anything over tax free lump sum. Its not a lot to live on especially if they live on their own and have no private pension. In the 1980's for example a lot of women didn't work and don't have private pensions. I have been a social worker for 25 years and yes I have children living in poverty but sadly for some it is partly due to parental priorities. However I have seen a lot more elderly living in poverty and struggling with the basics. I know it's been hard for a lot of people with rents and paying for the basics over the last few years but young people have age and health and time to better themselves in their careers , pensioners do not have this option so every penny matters.

Except young people don’t have age and time. The average first time buyer age in the UK is now 34 years old. The average first time mother is now 32 years old. And both of these statistics keep going up and up and up.

Young people aren’t buying houses and they are not having children because they quite simply cannot afford them and all the while you have people who bought their house for £4,000 now sitting in a property worth over £3,000,000 but pleading poverty because their pension will get taxed.

The tax burden for working people to have to pay for all these pensions is a disgrace. It’s not the fault of young people that previous generations did not plan appropriately for their retirement.

Oh dear are you not planning to be a pensioner yourself?! You have not read my post properly. I am talking about the poor pensioners living in rented accomodation or council flats on the STATE penion as their ONLY on income.

Is there not more help now with childcare costs ? Because the last I heard its 15 hours from 9 months. And yes I am fully aware it is impossible to save when living in rented and there are less private rentals because of the costs to landlords but I am not sure that will be any better under labour, maybe read in to it if it applies to you ? Also I don't know if labour will scrap the 25% government contribution to the help to buy ISA ? There will be an additional tax on savings for sure.

Anyway I think we have gone off on a tangent now from the OP , I just wanted to put my 10 pennies in.... it will not be perfect under labour!

That is correct, they currently get a personal allowance of £12750 the same as everyone else which has been frozen by the Tory government. The current basic state pension is £11502.
So the state pension would have to rise by over 10 percent next year for it to be taxed.
The state pension has always been taxable but it usually falls below the personal allowance. Any additional pension is also taxed once the personal allowance has been used up.
It is the freezing of the personal allowance that has brought the the state pension close to being taxed. Plus two large cost of living rises in the past 14 months.

I am planning to be a pensioner and I'm planning for it accordingly. Without the enormous capital gains that the older generation enjoyed in property and did not pay enough tax on. Thats their problem. Time pensioners were taxed more (especially on capital assets).

Plus it's not as if pensioners started out as pensioners - they also had time to "better themselves".

Your incredibly narrow minded! I hope you don't get struck down by illness which means you can't work again and financially plan for your pension! Jesus Christ.

And what about my other post? There should always be help for those who are destitute but the protections from taxation and inflation that those who are now pensioners have enjoyed (throughout their lives if you're considering the non taxation of property capital gains)...it's got to the point of unfairness and I'm not sorry to see it changing.

Definitely planning on being a pensioner. Definitely planning on paying for it myself by putting 13% of my salary every month in to my pension. There will be no state pension when I come to retire. It will have collapsed because we’re giving above inflation state pension increases to people who didn’t pay in enough to the system to support themselves.

Removing managers isn’t entirely waffle, it’s sensible. Believe me I work in the NHS.