Triple lock remains

[triplelock]

Name changed as I understand this probably won't be a popular opinion.

AIBU to think it's not exactly fair for the working population to have their tax thresholds frozen for 4 years while pensions get to keep their triple lock?

I understand some pensioners struggle on the state pension alone. But a lot of families also struggle on minimum wage.

@Showers3

YANBU - we will never have the privileges of that generation. We’ll be lucky to be able to retire, let alone have (in some cases) full salary final pensions from 60 (F) and 65 (M). All generations have times of hardship, but no one can surely doubt that, on the whole, that generation, with the way house prices rocketed, etc., have done very well financially. Most of the ones I know will openly admit that. The sad thing about this particular situation, is that the young and even the yet unborn, sacrificed (and will continue to sacrifice) to protect them and they will bear little part in helping with that.

State pension age is currently 66, it will shortly rise to 68. No woman born after 1950 got her pension at 60. No occupational pension is full salary.

House prices have rocketed but the beneficiaries of that will be the next generation or a care home, you can’t spend your house unless you’re silly enough to do an equity release deal.

I’m not sure what you mean about sacrifice to protect pensioners, can you explain?

I can’t be bothered to explain. Sorry.

The only thing I can be bothered to say is that there are a great many pensioners today born before 1950 and who DID retire at the ages i specified.

Oh! And my neighbour next door is on a full salary final pension - so you’re wrong about that, although I appreciate they may not exist anymore.

Sorry - I just keep reading how stupid your post is!

“You can’t spend your home” - no, but you might just want to downsize after your family has left and live mortgage free with a nice bit of equity. 🙄

Thanks for calling me stupid - always adds to your credibility. There’s no such thing as a full salary final pension, that would mean your pension was the same amount as your pre retirement salary. You appear to mean final salary pension which is a pension which is based on the amount you were paid when you retired. The maximum this can be in most schemes is 50% and you need to have contributed for decades to get that.

Yes, you can down size. Most people don’t though.

Ha! Ha! I didn’t call you stupid - I said your post was. And I still think it was. You just said you can downsize but most people don’t - so there’s a choice to do that then, isn’t there?! For goodness sake!

And you’re wrong about the pension.

No, I’m entirely right about the pension. By the way, you still haven’t explained what you mean by future generations making sacrifices to protect pensioners.

I'd be very interested to hear about an occupational scheme that paid 100% of final salary. Where was it?

When I was in a final-salary scheme, it accued at 1/60th per year of qualifying service. This was considered good, but not abnormal.

So if you worked 40 years for the same employer and the scheme did not change, you would receive 40/60 of your final salary.

Start at age 25, retire at 65, final salary £60,000, pension £40,000

Perhap the one you heard about was a "top hat" scheme for the excessively privileged, such as Prime Ministers.

Alsohuman appears to be carefully sticking to facts unlike some other posters so actually quite ‘ sensible ‘ posting.
Full salary pensions sound interesting. I too would like an example of where and when these were available. I suspect you have got mixed up with final salary pensions.