When will people realise that pensioners have paid for their state pension.

[notsafeanymore]

Every time there is a debate about the cost of living pensioners get a bashing.
And some have also paid for a private pension.
It's people who have never worked that should be targeted first.
I'm not on about the disabled. It's people who are benefit cheats and have never worked.

Other taxes have reduced in real terms aswel
Fuel tax is an example of one you've mentioned

Then there are other taxes as you say
like SDLT.( intro 2003 I believe) But this replaces another much older system which
as you see was more expensive for some but not all

‘ Whether SDLT is more expensive than the old Stamp Duty depends entirely on your specific property purchase and the buyer type. The UK replaced the old Stamp Duty with Stamp Duty Land Tax (SDLT) in December 2003, and subsequent reforms have drastically changed who pays what. 1, 2]
If you are buying a main residence, the progressive "slice" system introduced in 2014 actually made the tax cheaper for most average homebuyers. Instead of the notorious "slab" system—where crossing a price threshold meant you paid a single, higher tax rate on the entire property value—you now only pay higher rates on the portion of the price within each tax band.
However, SDLT can be significantly more expensive if you fall into these specific categories:
Additional properties: Landlords and those purchasing second homes face a higher rate. The 2024 Autumn Budget increased the higher property rate surcharge to 5%, ensuring additional dwellings are heavily taxed.
High-value properties: While cheaper at the lower end, the maximum SDLT rate on multi-million pound homes is now higher (up to 12% or more for certain buyers), which can lead to larger bills for luxury properties.
Corporate or mixed purchases: The SDLT rate for certain non-natural persons (such as corporate bodies) is 17% on dwellings costing over £500,000.

Its not as simple as focusing on one tax as you say but it’s also not as simple as ignoring the taxes that new ones replaced or indeed the cost in real terms
Id also note, income tax affects everyone who works and higher inc taxes affect everyone.
Higher taxes on flying, beer or buying a home etc etc doesn’t affect everyone, all the time, every year of their working lives.

Well at least you agree pensioners have actually paid their taxes in their day
Just as working people ( and in fact now pensioners aswell if they have a private pension ) are paying taxes in our day
As our children will do in theirs

Everyone paying in what is required of them to keep the system going and care for those who need it

Of note the massive global crash in the 70s blew the top off the Keynesian principles. I doubt all pensioners had much say in that shift either.

Minimum wage didn’t exist.

Name one. Tell me someone who gets more than the full state pension.

if you defer your old age state pension for 3 years, it increases

The pension generally increase by 17% on the weekly amount

so where as now the weekly full pension is £241.30 if you defer for 3 years your weekly pension would be £283.30 which equals £14,731 per annum of state pension

Ah thank you. So someone who hasn't taken it when it was due. Seems odd to go without for three years then pay tax on the amount you deferred. You'd have been better taking it and saving it.

Can I have your crystal ball

how would anyone that is looking at deciding to defer their pension, know that the personal tax allowance was going to be frozen?

The pA went up in increments between 2012- 2019 every single year and then in 2021 it was frozen for 6 years

so anyone making a choice wouldn't know that after 9+ years of increases, year on year it was suddenly going to be frozen and not keep up with inflation and wages rises

Some people may have decided to continue working for 3 years and not draw their pension.

Check out pension rates and PA rates and you may find they were aligned

You're talking about exceptions to the rule and they aren't getting more - they are just taking it later.

No need for the snark btw.

I’ve loads of clients who get around £14-£17k and one who gets nearly £20k. It’s the combination of earnings related extra such as the very old graduated scheme and then serps and s2p. The new fixed rate has stopped that for new retirees.

Tax burden as percentage of gdp is the highest since ww2 at a whopping 38% of gdp

I do. I retired last year and get an increased pension due to my late DH’s SERPS contributions.

Thank you.

I know someone still working at 71 but took his pension and saves it - main reason is that if you don’t and you die it just disappears- obviously though your tax is higher on earned income as you’ve used your tax free allowance

Yes I had a colleague who did that too. She got hers at 60 though. Wish I had.

I retired at 70 but started drawing my UK state pension at 65. Combined with not paying NI it made for a nice pay rise for my last 5 years of work.

The majority of people receiving money from the state for whatever reason have never paid in enough to cover it

"I'm not on about the disabled, its people who are benefit cheats and have never worked."
Top award for baiting thread.

At no point did I say that the pensioners deferring their pension for three years were getting more I said the weekly rate increase by 17% I was actually very careful with the wording surrounding this matter as how long you live will overall define whether the total amounts are more or less due to the deferral

If you don't want opinion shown in, don't give your opinion on people being odd or a particular way is better - you don't know if its better over the long term and every case will vary on how long the life is and no-one can ono that before their death.

🙄

People on PAYE paid the tax, they were told to pay. It’s not their fault, the government created a Ponzi scheme. The government could have created a Sovereign Wealth Fund like Norway did, from the North Sea oil revenues.

I believe it would be producing a contribution now of £30 billion pa towards tax revenues, to help fund state pensions for example?

Did they not spaff it all on London and the SE?

But people were at fault by voting in political parties at successive general elections over the past few decades according to their manifestos etc. They voted for lower taxes, privatisations, selling off council houses, etc etc.

You just have to look at MN threads at the moment on Burnhams policies to see that the
’im all right Jack’ brigade will always vote for their own self interests

Just as MPs do to keep their jobs
We need a Govn that looks at the whole picture

There is nothing unique to the older generation about voting in their own interests.
On MN people like to think they are morally superior and vote for the greater good. In reality, i suspect they would be very unlikely to vote for a party that would directly disadvangage them.

Just to note
my comment wasn’t pointing at any particular generation at all

I’ll be £1k up with the LVT but I’m still against it
I’m in favour of the 10% IHT, currently I have no idea if I’ll need care but in favour of everyone paying in for those that do

I don’t disagree with your comment

Most people can’t see past their own needs and wants