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General election 2024

Labour and Pensioners

465 replies

Mycatsmudge · 13/06/2024 22:19

So Labour has declared they will not increase taxes and NI on working people, but they need to raise money for their manifesto promises such as free breakfast clubs, more teachers, dentists etc. To help pay for it all would it be a good idea if they remove the triple lock on state pensions and make pensioners pay NI?

OP posts:
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frankentall · 14/06/2024 08:37

EatCrow · 14/06/2024 08:34

To sow seeds of discontent, so one demographic points the fingers of blame at another, all the while not at the government (any government), it was ever thus.

Exactly and it distracts attention from ultra rich people like our current pm paying tax at about 25%

frankentall · 14/06/2024 08:38

Paulrn · 14/06/2024 08:34

Would your plan to make pensioners pay NI come into force immediately. Many of us have worked for 50 years paying tax and NI and have planned our retirement funds over many years. To suddenly impose NI on those already retired will push negate all that planning and reduce the money we spend locally. If you impose it on people due to retire wher do you draw the line 5 years to go 10 years etc, look how that worked for the WASPI women.

It's not a plan, just sneering. OP won't answer any questions about the detail.

Chewbecca · 14/06/2024 08:42

I don't think it is reasonable to introduce, effectively an 8%+ "tax" increase to one group, overnight.
Bear in mind too that many / most of this group no longer have the ability to work more / longer to make up that income shortfall.

Lifelikinotdothinki · 14/06/2024 08:44

I have 40 years of NI contributions. I’ve worked hard as an NHS nurse and I bloody well deserve a decent pension and retirement.

This is such an ageist idea.

Mycatsmudge · 14/06/2024 08:44

BIossomtoes · 14/06/2024 08:19

House price inflation has produced a substantial proportion of the population that is asset rich and cash poor. That money doesn’t exist until the asset is sold. I can’t believe you think it’s sensible to base fiscal policy on a well heeled London couple who claimed a discount they’re entitled to and used a taxi.

The well heeled couple probably in their 60s was expensively dressed and groomed. Being able to arrived in a black cab indicates a healthy level of disposable income, they literally waltzed into the foyer so not needing a taxi due to disabilities.

OP posts:
caringcarer · 14/06/2024 08:47

DramaLlamaBangBang · 14/06/2024 08:11

I think this is partly because 1 in 4 pensioners are millionnaires. I know that is mainly property wealth, but it does skew the statistics I would have thought, as relative to other pensioners the ones without a house owned outright are poor. I think eventually the triple lock will have to go, because it is unaffordable. I don't think they should have to pay NI, but as a group pensioners are holding huge amounts of wealth, that will be passed on to grandchildren, when those who's grandparents did not buy a house will end up not being able to afford one at all, exacerbating the problem through generations.

Edited

Where is evidence 1 in 4 pensioner is a millionaire? I've never seen this anywhere.

Mycatsmudge · 14/06/2024 08:49

frankentall · 14/06/2024 08:38

It's not a plan, just sneering. OP won't answer any questions about the detail.

Not sneering just wondering how Labour will pay for their spending pledges. They have said they will not increase taxes and NI on working people so the other group are those not in work including pensioners. Since a sizeable number of current pensioners are relatively well off with a healthy amount of disposable income due to house price increases, final and state pensions maybe also investments should Labour consider making those who have income over the threshold pay NI?

OP posts:
BIossomtoes · 14/06/2024 08:51

Mycatsmudge · 14/06/2024 08:44

The well heeled couple probably in their 60s was expensively dressed and groomed. Being able to arrived in a black cab indicates a healthy level of disposable income, they literally waltzed into the foyer so not needing a taxi due to disabilities.

I doubt very much that they “literally” waltzed in and have you never heard of hidden disability? You’re really not helping yourself here. Basing fiscal policy on one London couple is not a sensible way to go.

IClaudine · 14/06/2024 08:52

thefireplace · 14/06/2024 08:15

Sky and BBC have both said that Labours spending plans are lower than that of the Tories.

They have said they will keep the Triple Lock.

So a better question is "Where will Sunak get this additional money from?" or "what will he cut?"

Sunak said the Tories will cut £12bn from the benefits that go to disabled people by hounding those who are mentally unwell and those who are "less disabled".

Mycatsmudge · 14/06/2024 08:53

thefireplace · 14/06/2024 08:32

Well of course he would say that wouldn't he?

Truss wanted to borrow to fund tax cuts.... that spooked the financial markets.

Labours plan is nothing of the sort, 'Neil and the Tory supporting press are trying everything to discredit Labour, including making stuff up.

Edited

So if Andrew O’Neil is wrong in this how do you think Labour will raise money to fund their spending pledges?

OP posts:
BIossomtoes · 14/06/2024 08:55

His name’s Andrew Neil and he’s a Tory shill.

IClaudine · 14/06/2024 08:56

Mycatsmudge · 14/06/2024 08:44

The well heeled couple probably in their 60s was expensively dressed and groomed. Being able to arrived in a black cab indicates a healthy level of disposable income, they literally waltzed into the foyer so not needing a taxi due to disabilities.

Bloody hell. So they should only dress in rags from the chazza shops, cut their hair with the kitchen scissors and only ever take the bus?

Shouldn't it be that as a society we aspire to everyone having a comfortable retirement?

oddandelsewhere · 14/06/2024 08:57

@Mycatsmudge if the couple you're so jealous of were in their sixties there's every chance that they were still working. Two professional salaries would go quite a long way towards a taxi fare. And did they really waltz in?(You said literally)

Mycatsmudge · 14/06/2024 08:57

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

I’d take notice of your opinions if you moderated your language. I enjoy civilised debate but your swearing detracts from your argument. I’m keen to listen to everyone but turn off when it turns to abuse.

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Mycatsmudge · 14/06/2024 08:58

BIossomtoes · 14/06/2024 08:55

His name’s Andrew Neil and he’s a Tory shill.

So if Andrew O’Neil is wrong in this how do you think Labour will raise money to fund their spending pledges?

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AddersAtDawn · 14/06/2024 08:59

I think part of the focus on state pension is a sense from anyone younger that it's probably not going to be there for them when they retire. That it's a dying benefit.

I hate the reduction in NI we've seen - despite it being short term better for me personally. I'd like to see renewal of the unspoken contract of paying NI and getting reasonable health care and a state pension back as a result of it. Instead of this vague 'it's a tax when we want it to be and not when we don't' scenario we have now.

And keep it in line with life expectancy. Now LE is dropping again a bit, the pension age should follow suit.

Give everyone confidence that they will have a half decent pension and be able to retire at a half decent age - so that we do away with the perception that pensioners now are getting a benefit that will be eroded by the time younger people need it.

bombastix · 14/06/2024 08:59

Andrew Neil. FGS

Mycatsmudge · 14/06/2024 09:00

bombastix · 14/06/2024 08:59

Andrew Neil. FGS

So if Andrew O’Neil is wrong in this how do you think Labour will raise money to fund their spending pledges?

OP posts:
BIossomtoes · 14/06/2024 09:00

His name isn’t O’Neil! I think the Labour manifesto explains where the funding will come from. I’m not the one disputing it.

AddersAtDawn · 14/06/2024 09:01

Mycatsmudge · 14/06/2024 08:58

So if Andrew O’Neil is wrong in this how do you think Labour will raise money to fund their spending pledges?

It's literally in their fairly clear fiscal plan in their manifesto

Now, there'll be lots of economists that think the income won't amount to the outcome. Just as they do for all the other parties (to a greater degree than with Labour's). But the detail is there.

anythinginapinch · 14/06/2024 09:02

It's Andrew NEIL there is no "O"

I'm a rich as fuck retiree and don't need my state pension at all. I agree it should be means tested.

Lifestooshort71 · 14/06/2024 09:02

I deferred my state pension for 2 years and carried on working. I would have been happy to carry on paying NI during that time and thought it very odd that it wasn't deducted. I think it should be paid on everybody's earned income, including pensioners.

Ginisatonic · 14/06/2024 09:02

Mycatsmudge · 14/06/2024 09:00

So if Andrew O’Neil is wrong in this how do you think Labour will raise money to fund their spending pledges?

His name is Andrew Neil NOT O’NEIL. The Labour Party has published its manifesto. Have you read it? That’s where you’ll get your answer.

bombastix · 14/06/2024 09:03

I think Neil might object; he is proud Scotsman.

flyingvisit · 14/06/2024 09:03

Thats is a very good point about the waltzers probably still working. People in their 60's are part of the retire at 67 crowd.