What are all pensioners getting another £300 this winter??

[F0RBIDDENFRUIT]

They are amongst the richest people in the country, yes there are poor pensioners but a lot of them are way richer than anyone else.

£300 more for energy, none of the old people I know need this, they all have more money than their children.

Just because they vote, that is the only reason they can be doing this.

@Jamtartforme ah man, you got me didn't you?

Even worse living on £156 a week which is what State Pension is for most pensioners.

At least they’re entitled to pension credit to bring it up to the princely sum of £201.85.

Pension credit is payable to pensioners who have an income of less than £202 a week for a single person. Many pensioners have an income which is slightly above this limit, but they still struggle to make ends meet and need some extra help with heating bills. Limiting help to those who receive pension credit would seriously disadvantage a lot of older people.

Admittedly there are also pensioners who are very wealthy and don't need the winter fuel allowance, and probably the easiest and cheapest way to tackle this would be to make the wfa taxable. Many wealthier pensioners already donate their wfa to charity or poorer family members.

There will be no money left to pay out in 30 years when I reach the ever increasing pension age.

Which is precisely why everyone has had to contribute to a pension scheme since 2018.

But by the time you reach state pension age you (are supposed to) have a full working life behind you. If you haven’t managed to save anything in 40 years, why should the state pay you generously? 90% of pensioners own mortgage free homes, 75% have private pensions as well. These are not poor people. Making out that living on £156 a week is the norm is extremely misguiding

I've just said to DM that we will swaddle her every morning this winter.

The old osteoporosis will be totes sorted.

She's oddly not sure, but I reminded her about the babies she's depriving so she's right humbled.

The Centre for Ageing Better's statistics say that 75% of pensioners own their homes outright, not 90%. And only 17% of over 65s had private pensions by 2021 according to GOV.UK, up from 4% in 1995. Auto-enrolment pensions became compulsory to ensure that it would eventually be a much higher percentage.

If you haven’t managed to save anything in 40 years, why should the state pay you generously?

You’re not saving now, are you? You’re lying awake at night worrying about money. As you’ve pointed out, there are 4 million children living in poverty, their parents aren’t saving. Do you really have so little imagination that you can’t see how someone in a poorly paid job for their entire working life might be dependent on a state pension?

Incidentally, 13% of pensioners still have a mortgage, there are plenty who are still renting.

dont talk bollocks

I am. I’m paying into a mortgage. And I’m sticking at my job despite the fact it would probably do my health better to jack it in and claim. Because if I can stick at it it’s likely I’ll be promoted within a few years, and then hopefully I can start putting something away.

Anyway, hang on. 90% of pensioners own their home outright so how can 18% be living in poverty?

It's not bollocks. It's true, 67 percent of those 70 to 79, and I think 60 percent at 60 to 69 years.

Old people vote Conservative in large numbers. And they do well out of it.

Anyway, hang on. 90% of pensioners own their home outright so how can 18% be living in poverty?

They don’t. 87% of pensioners who are homeowners own outright. There are plenty who rent. And paying your mortgage isn’t saving, it’s essentially paying rent to the lender until it’s paid off.

The latest figures show 2.1 million (18%) of pensioners in the UK live in relative poverty.
• Some groups are at particular risk –
o 37% of private tenants and 36% of social rented sector tenants, live in
poverty compared to 13% of older people who own their home outright. o 29% of Asian/Asian British pensioners and 25% of Black/Black British
pensioners are in poverty compared to 17% of White pensioners.
o 26% of single older women live in poverty compared to 21% of single
older men and 14% of pensioner couples.

https://www.ageuk.org.uk/globalassets/age-uk/documents/reports-and-publications/reports-and-briefings/money-matters/poverty-in-later-life-briefing-june-2023.pdf

not all pensioners get pension credit

you might own your home but it doesnt make you rich while you live there

Ninety percent of pensioners do not own their homes outright @Jamtartforme ; 75% do, and only 17% of pensioners had a private pension in 2021. See my post above.

I doubt that a Labout government would remove wfa or do anything to worsen the lot of pensioners. In fact Jeremy Corbyn supported the WASPI women and promised to recompense all those who had been affected by the change in pension age.

Same percentage or same amount? Big difference.

sounds pretty bollocks with those figures

@Willmafrockfit / the source, YouGov, was posted earlier on this thread. It's not bollocks

I think that is likely to increase as people do equity release to fund things like house repairs that they can't afford. I am assuming equity release shows up as a mortage?

t's true, 67 percent of those 70 to 79, and I think 60 percent at 60 to 69 years.
67 and 60 is not as huge as you are making out

Isn't it a percentage of those who vote not a percentage of all in that age group?

@Willmafrockfit it's a significant majority in both age groups. It's not surprising because Conservative policy benefits the old. The average age of a party member is 72!

Something wrong with your figures, Gov.uk say 66% of pensioners receive an occupational pension income.

https://www.gov.uk/government/statistics/pensioners-incomes-series-financial-year-2020-to-2021/pensioners-incomes-series-financial-year-2020-to-2021