To give you the pensioners facts

[Moier]

So many threads about pensioners being well off.
I've just had my forecast.
I turn 66 in November .
Those born after September 23rd 1958 will not get the winter fuel allowance no matter what credits you are on.
Esa etc etc.
My forecast us £221 per week.
Also pensioners still have to pay rent.
Council house tenants will still pay bedroom tax.
Pensioners won't get council tax reduction.
Unless you have paid into a private pension .. pensioners will be the poorest they have ever been.
And we waited an extra 6 years for bugger all.
Stammer is the theif that has stolen all our golden hours.

Not the Norm ? My sister is 65, and has paid into a workplace pension since she was 19. She’s recently retired. I’m in my 50s, and have paid in since I graduated.

Lots of women paid into workplace pensions

You have had your entire lives to adequately plan for your retirement.

You must be aware that work place pensions only became a thing in 2012?

They really didn’t. My parents had both retired before then and have pensions from their workplaces. You are thinking of auto enrolment.

I don't understand the thinking behind solely blaming the people in power (whether they be right, centre, or left leaning parties) with sensationalist rhetoric such as Starmer being a thief or whatever clap trap the OP wrote.

Buying into pitting different factions against each other to scrabble for their 'entitlement' to a piece of the pie (young versus old, rich versus poor, working versus benefit claimants or pensioners etc, families versus single people) ignores the fact that there is a systemic issue at play here - everyone should be able to afford to heat, eat and live. Nobody should need £200/300 pay outs for energy or to access food or shelter. There is enough wealth in this country to ensure that everyone has enough to maintain a standard of living. Instead there are some very wealthy stakeholders and shareholders whistling and looking the other way whilst the majority infights. The 'we are more entitled than you' public discourse that is prevalent is just playing right into their hands and the system will never change whilst everyone is distracted by shouting for their individual needs.

I turned 66 this year. Don't feel terribly wealthy but we get by. I don't think the Winter Fuel Allowance made the difference between "golden hours" and a dreadful life.

And they’ll pay tax on it so why are you whingeing ? This thread is bonkers. Pensioners criticised if they haven’t saved and also if they have.

“Stammer is the thief that has stolen all our golden hours.”

Your golden hours are worth £300 a year? Even the smallest private pension pot would pay that out.

Honestly the reality is there is bigger all money, the Tories cut child benefit, spare bedrooms etc. The money for NHS and social care has to be found somewhere.

The cutoff might not have been in the right place, but anyone who lived thinking a state pension alone would be enough was delusional.

Yep. I was a civil servant and had to retire due to ill health. Saved for a workplace pension my whole working life, as did my husband. Absolutely not the same thing as auto enrolment.

And now the people who have been prudent and saved for a private or workplace pension are facing the possibility of means testing of the state pension. You can’t win.

If you don’t want to pay bedroom tax…. Move to a smaller home and free up a property for a family who need the space!

It’s called divide and rule. The Tories are noted for being excellent at it. Seems Labour are learning the ropes too.

Whilst this is true, PC threshold is too low and hasn't kept up with the cost of living, especially fuel and food, both of which have risen far more than the headline rate of inflation.

Pity Labour don't look into profiteering from both sectors, Aldi just announced a 400% increase in profits.....

So whilst i don't buy in the "Starmer has stolen our Golden Hours" crap, Lab should have thought this through a lot better than they have.

I suspect a Budget day announcement (if not before) of PC increases.

Here are some facts…you are, by age, in the wealthiest subset in the uk

https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/distributionofindividualtotalwealthbycharacteristicingreatbritain/april2018tomarch2020

so if you feel hard done to spare a thought for those aged 25-35 and under who are getting screwed both ends and in the ear

between the tuition fees &student loans
then their pensions….
Thennnn with mortgages/housing, changes to tax efficient savings via capital gains and inheritance tax ON TOP…

im slightly older than this group and feel incredibly lucky to have a 5-10 year head start.

I’m in this age bracket. I paid into a private pension forever. The State Pension would never fund ‘Golden Hours’. The moving of the State Pension age was never a secret. I think you are maybe a victim of your own lack of planning.

Quite a different attitude from "well if it just saves one life" isnt it

@strangerthanfiction.
Have you not read this l put?
I'll repeat it for you!

Where on earth have l said l personally don't have private pension?
This post l put is for pensioners in general ( some of my peers mainly).
I personally don't need my pension and won't be claiming it .
If you have read any of my previous posts.
When l was younger an abusive ex threw me under a bus and left me for dead. I was in a coma and left severely disabled.
He got jailed and it took me 16 years to get justice and a big pay out..
I haven't had a relationship scince .
I don't have a vagina any more.. my pelvis got crushed.. my hips / jaw/ ribs/ skull got broken.
Well actually most of my body.
I was on DLA before my payout.. l don't need to claim anything.
Some say I'm lucky to have a few million.
Rather have my body and mental health back.
My post was for those born after 23rd of September.
Not me personally.
I will be still helping my family and friends who have been there for me financially.
OP posts:See al

Nice.

Read this!
Where on earth have l said l personally don't have private pension?
This post l put is for pensioners in general ( some of my peers mainly).
I personally don't need my pension and won't be claiming it .
If you have read any of my previous posts.
When l was younger an abusive ex threw me under a bus and left me for dead. I was in a coma and left severely disabled.
He got jailed and it took me 16 years to get justice and a big pay out..
I haven't had a relationship scince .
I don't have a vagina any more.. my pelvis got crushed.. my hips / jaw/ ribs/ skull got broken.
Well actually most of my body.
I was on DLA before my payout.. l don't need to claim anything.
Some say I'm lucky to have a few million.
Rather have my body and mental health back.
My post was for those born after 23rd of September.
Not me personally.
I will be still helping my family and friends who have been there for me financially.

You make it sound like everyone was well paid years ago, we weren't, a lot of us were as broke then as half the young people on here complain about now. Buying a house was pie in the sky for many people then just as it is now. And most people didn't work for big companies that gave great pension provision, I had never heard of private pensions until I got a 'better' job in my late 20s and then it wasn't considered automatically a good thing to do, you lost a chunk of your income (that you really couldn't afford to do without) and it wasn't at all clear what you would get back for it in 40 years time. Women were paid much less than men even doing exactly the same job, it was assumed the man would provide and that the woman would share his pension and get a % of it if he died first. By the time all the hype about private pensions arrived for many people my age it was a bit late to save a significant amount.

I personally don't need my pension and won't be claiming it .

^

Okay......

Oh yeah, just like that! I asked about a flat in my area. The estate agent never even offered my a call back. Said the vendor wants a cash buyer.

I think the general consensus about Pensioners being well off is due to them having built up a lifetime of savings, usually owning their own home outright and having fewer costs. Obviously that's not true for everyone though.

I hope you get the financial help you need. I'd start chatting to Citizens Advice about it.

A single 25 year old would get about £72 a week on UC.....

Quite

Plus no one forces people not to have a private pension

currently all we are hearing about are the pensioners who wont get the WFA and are just above the threshold. what we dont have the stats on are all those pensioners who are either:

• way above the threshold
• in nursing homes where the cost of fuel is included
• living and heating under occupied/under utilised properties.

So, at the risk of sounding harsh, there are a lot of older people still living in huge family homes with 3 or more bedrooms when its just them. These home owners are asset rich and cash poor and would sooner shiver in a big house than be warm and cosy in a smaller one.

The right to stay in the same home that you bought your kids up in etc has gone. If you are an older person living in this situation, you cant manage without the £300 a year, then look to downsize. All of the money tied up in your property will likely be spent on care costs anyway so save yourself the pain of that now and go somewhere that you are more comfortable.

Its the new reality and as a society and as individuals we have to wake up to this fact. The money is there in bricks and mortar so spend it on being comfortable now. dont save it to pass on to your kids who will then pay 40%+ tax on it anyway.

No one any longer has the right to stay in the same home forever. The sooner all of us get used to this, the better. And before anyone jumps in, I am in my late 60's and have seen this situation coming for a long long time.