Gutted about NI rise

[CarryOnNurse20]

I know we need it and we have so much money to pay off. But we have been scrimping and saving after a hard couple of years. Every penny is accounted for from pay day to pay day. I’m a nurse and my pay has been capped/below inflation my whole career. And now the NI rise means any savings etc we have made will now be gone. I’m gutted.

Let's tell an ex miner his job was a piece of piss compared to current roles shall we?

I do think it's a bad tax , income tax and corporations tax would be fairer , but blaming the OAPs is trite, divisive , ageist shit

Of course advertising execs and those in finance work 50 times harder than nurses, teachers, soldiers etc. Just ask those who always mention their high earning status on here...

And yet the some of the same people who does not find it fair get upset if we question immigration numbers. When are we going to catch up?

Sorry im not on my death bed like a lot of you think I should be. You will all if your lucky get to my age and hopefully you will be reaping the benefits of a life that you have worked long and hard for.

Yep. 'Your age' beings another argument since most will be older before they are eligible for state pension due to rising age on that.

@midgemagneto were all OAPS down the mines? Even the women?

All of those pensioners that come on moaning about how they didn’t have a telly for years / slept on the floor for the first 10 years as they couldn’t afford a bed / 14% interest rates - you have been more than compensated by house price inflation.

Maybe it should be just the people who were furloughed! Many of us worked through this, extra hours with no more pay.
Maybe I'm just bitter as all through lockdowns, furlough a colleague was sending messages and photos about what a lovely 'holiday' she was having on 100% pay and no work! Whilst I did my work and hers.

The biggest strain by far on the NHS is the elderly … who will not be contributing towards any of this increase. Coincidentally they’re also the biggest demographic lockdowns were brought in to ‘protect’ (elderly and medically vulnerable)

Given they’re the biggest current NHS expenditure and were also a large reason the country shut down, how about there be a NI deductions applied to pensions/savings of those over 70 - means tested ofc but surely they should feel the pinch alongside struggling young families barely making ends meet

Do we all get equal lobbying power despite our wealth?

Anyone can get the SP - even people who have never worked a day in their lives. Typically though, this applies to women above a certain age, as they were much more likely to give up work to have kids in their 20s and many never worked again, just lived off their husband’s wage. Rather than returning to work after their kids grew up, many never worked again & then claimed a SP. They had many years in which they could’ve worked and put money away for their care but didn’t. And now us mums who work are expected to fund them.

Not true. I pay voluntarily each month to qualify.

An NI rise is basically asking the younger working population, who are less financially secure than the previous generation and, in many cases, unlikely to ever own property, to pay for older people who do own property and are more financially secure.

It's absolutely bonkers.

Those who are against the triple lock...my Mum would have received an extra £16.25 a month, which will be swallowed up by increased fuel prices and a rise in CTax.

She went back to work in 1979 when I was 13, but paid married woman's stamp. You plan for the era you are in, within the rules that exist at the time, as no-one knows what the future will look like. The past couple of years should have taught us that.

Yep. Disgusting.

Those in their 60s 70s and more who got ;
free university education
free dentistry
Cheap houses
Final salary pensions

Foist the cost of their care on to those who have had to bear the cost of all of the above without having to pay a penny out of their comfy final salary pensions.

But with a Tory govt are you REALLY surprised? ???

Not every young person is financially unstable or poor

Not every old person is wealthy with a big pension and expensive house

It's not unfair because it's favouring one generation, it's unfair because it's favouring the rich over the poor

@HesterShaw1

People like my mother are sitting on about £400,000 of unearned equity on the large house she lives in, which they paid £65,000 for in 1987. She stopped paying NI on reaching retirement age. She benefits from the non contributory pension my dad was given after he retired (in his 50s), plus her own pensions, plus half of his. She's 75 years old and is still accumulating wealth (spends very little).

How the hell is this a fair system?

@HesterShaw1 but at 75 she could have a long life yet and if she needed care in the future the house would be sold as an asset once/if funds ran out. She could just be sitting on her own care fund which is a good position to be in as it provides options. I am by no means saying I agree with the rise or with Boris who it seems is incapable of telling a truth or sticking to his word on anything!

@BrozTito no but we do all get a vote. And nearly half of us cant be arsed to use it.

Anyone can get the SP - even people who have never worked a day in their lives

Not true.

I am currently behind a couple of years with it because I was out of the country.

The truth is you have to have paid NI for so many years or have had your NI effectively waived for the year for certain reasons. Namely be eligible for certain benefits (including child benefit even if you don't claim child benefit as you are over the threshold).

It means many immigrants to the UK don't actually qualify for it even if they become British nationals.

I look forward to the day that the Lords and landowners start having to sell their castles and moated properties to pay for their care………..IT NEVER HAPPENS……….and never will. Yet again it’s the working people who this will hit.

I didnt get any of the above and I wasent on final salary either.

Oh yeah they could all vote for any of the other parties which all offer dicredited 80s neoliberalism and wealth distribution towards their mates

I’m an older person and I too am appalled at this rise. In effect my DS, who will inherit my house (as I also have savings above the cap), will at that point be taking money from people on low wages. I think the only way I can protest (or DH if he survives me) is to sell our house and pay privately with the proceeds. Presumably one will still be able to do this.

And you still have to pay £86000 towards your care cost which means working people in a modest home on low incomes will have to struggle to pay higher taxes and still have to sell their homes to pay for their care. I honestly think I’d rather be dead so I can pass something on to my children when I get to that stage.

@Islamorada

Anyone can get the SP - even people who have never worked a day in their lives. Typically though, this applies to women above a certain age, as they were much more likely to give up work to have kids in their 20s and many never worked again, just lived off their husband’s wage. Rather than returning to work after their kids grew up, many never worked again & then claimed a SP. They had many years in which they could’ve worked and put money away for their care but didn’t. And now us mums who work are expected to fund them.

Not true. I pay voluntarily each month to qualify.

When you finish working at 67 with no SP how do you survive? I’m assuming the state step in and pay your rent (as benefit), pay your council tax and provide a small income? I don’t see loads of unemployed retiring at 67 and suddenly becoming homeless as the state continues to pay them benefits etc it’s just not called the SP?

@Finknottlesnewt

Yep. Disgusting.

Those in their 60s 70s and more who got ;
free university education
free dentistry
Cheap houses
Final salary pensions

Foist the cost of their care on to those who have had to bear the cost of all of the above without having to pay a penny out of their comfy final salary pensions.

But with a Tory govt are you REALLY surprised? ???

Taxes would be even higher under a Labour government.

How many in their 60s and 70s did a degree? 10% if that?

I was the first in my family to go colleges college. First to do A levels as well, in the teeth of my Dad's opposition, as I am female, and thus not worth educating. Both my parents left school at 16 and went straight into jobs. Yes, my tuition was paid, but that was it. Even though I was married, because I was under 24, any grant had to be assessed on my Dad's salary, as opposed to my husband's. No grant, as my Dad refused to fill in the forms.

Cheap housing, depends. You couldn't get the multiples for a mortgage that you can now, and interest rates were punitive.
Yes, free dentistry, but brutal in many cases.
Final salary pensions, yes, however, if that was the scheme on offer, you joined. Should people not have joined such schemes?

I would have enjoyed growing up with the advantages my lad had, but I didn't. Nothing I could do about that though, except be happy he had them.
Many pensioners relied on interest from investments to keep them ticking over....that's now rock bottom, which benefits those with mortgages.