Would you vote for Labour/Getting rid of Triple Lock at the next general election?

[mybiggreenfrog]

Yes (YABU)
No (YANBU)

I'll be a pensioner soon but our gen x will never be as well off as today's pensioners anyway. I don't mind them getting rid of the triple lock even though it'll effect me. Something has to be done about the care system. I also think inheritence tax should be increased, and close tax loopholes for multinationals like Starbucks and Amazon. Those who talk about "benefits" you do know the biggest part of the benefits Bill is pensions , and people in employment don't you?

Apologies if you have already said, but I am guessing you work in the public sector?
As they always defend their ridiculous pensions to the hilt when everyone in the private sector can see they are crazy, I can't imagine you are a private sector worker.
We always get the same old arguments trotted out to justify employer contributions being around six times the amount a private employer pays in, and I see you've ticked a couple.
'Pensions are not as good as they used to be' - good. But they are still MILES better than private sector, so be grateful.
And my favourite - why don't you change careers - because I don't want to. I am fundamentally opposed to the vast amounts of tax payers' money that go to handing out mad pensions to public sector workers. Unfortunately those who stand to gain (or are already gaining) can't seem to see how lucky they are.
All I'm waiting for now is the race to the bottom justification.

I mean the highest rate. 45%.

But they are still MILES better than private sector, so be grateful.

My bloke’s private pension for his years as a management consultant is MILES better than my NHS one. Stratospherically so.

Yes because he’s right, social care needs a new approach and if this can partially fund it plus savings from emergency ambulances and bed blocking in the NHS im all for it. Plus I’m making private provision for my retirement by making big sacrifices now into my pension knowing I need to be as self sufficient as possible. No one 45 and under has any excuse not to be making adequate provision with the time they have left until retirement.

Best call it the additional rate then - for clarity.

It's clever politics to link the two (and tripple lock must be stopped) and we need the nat care service, but I wouldn't vote labour for the other 90% of the manifesto, but if there was a referendum for this in isolation I'd go for it.

He's the exception that disproves the rule though. Surely we can agree that, in general, public sector pensions are much better than private sector workers in the same or similar role?

Quite a lot of Gen X’s retirement plan is to inherit a nice big sum from their baby boomer parents.

This to me is a crazy plan!

I’ll call it whatever I like. No apology for the implication I’ve never worked, I see. Unsurprisingly.

By all means be as unclear as you like, but I never suggested you hadn’t worked?

Can't you see that those workers are also tax payers?

You didn’t post this?

Of course they are. They are underwritten by the taxpayer for a start.

Yes, but the amount paid back in tax is a small proportion of the amount paid by taxpayers in the first place.

Yes but they are taxpayers paying towards their own pensions. Which doesn't work for private sector taxpayers.

In exchange for services. Surely even you don’t expect them to be provided for nothing by people who aren’t paid anything.

That was a general comment - not directed at you!

Not just towards their own pensions. Paying for your state one plus every single public sector workers one.

What are you on about? They are WORKERS who pay tax. It's a simple concept.

Yes I know but the point I was making is that public sector workers do pay tax. But that tax is contributing to their pension. Unlike private sector workers who also pay for their own privately as well as pay for public sector pensions.

We all pay for state pensions of course but that wasn't my point.

They also pay INTO their own pensions their whole working life. Did you missed that bit?

Yes but public sector pensions are contributed to by taxpayers and are underwritten by taxpayers. Unlike private sector pensions.

Im not criticising this by the way. Its just the way it works so no need to be defensive. But the huge difference should be acknowledged.

My public sector pension is underwritten by the pension scheme. I have a defined contribution pension.

You are right though. Private sector pensions should be better. We shouldn't be aiming to reduce public sector pensions. We should be aiming to increase private sector ones.

That isn’t true. Local government has pension funds that are invested in exactly the same way as private employers’ funds.