Cancel Employer Pension?

jamesd

While your point is a good one, it's nice sometimes to explain the implications, if only so others who don't work through them can see what they are.

BernardM

bendix wrote: »

There's no point explaining stuff with Bernard, mate. He doesnt engage in debate. Instead, he ignores rational argument and trots out the drivel that the Morning Star spoon-fed him that morning.

http://www.ft.com/cms/s/0/706fe180-7702-11de-b23c-00144feabdc0.html?nclick_check=1

How about the FT then.

BernardM

Well, thanks for those stunning insights Bernard. Stunning, but highly unoriginal as they were much more articulately presented by Ralph Miliband in The State in Capitalist Society nearly forty years ago and, indeed, by Herbert Marcuse in One-Dimensional Man.

http://www.morningstaronline.co.uk/index.php/news/content/view/full/78435

seven-day-weekend

BernardM wrote: »

poor pensioners and the unemployed struggling on £100 a week

Pensioners do not have to struggle on £100 a week. The minimum amount is £130 for a single pensioner and £185 for a couple (made up by Pension Credit if necessary) and they would also have no Council Tax or rent to pay if on Pension Credit.

So £130 a week and no housing costs to pay is totally different to 'struggling on £100 a week'.

Globalmind

I decided, long ago, to forget about pension. I decided to build up my own pension and forget whatever other pension offered by an employer, government or whatever.
I'm responsible for my pension now and I think that's the best decision I made in the last years.

I don't need to worry anymore what "other people" will be doing with my money. :mad:
I take care of my money myself! I highly reccomend it.

EdInvestor

seven-day-weekend wrote: »

Pensioners do not have to struggle on £100 a week. The minimum amount is £130 for a single pensioner and £185 for a couple (made up by Pension Credit if necessary) and they would also have no Council Tax or rent to pay if on Pension Credit.

Plus free bus travel, free medical treatment/prescriptions and £250 contribution to winter heating costs.It is not a bad safety net.

BernardM

http://www.npcuk.org/archive/archive1.htm

BernardM

bendix wrote: »

Ummmm . does it exist Bernard? Does it? Well, I'll take your word for it, because frankly your one-dimensional ranting is starting to bore the pants off me now.

Anyway, sod state pensions. Who needs 'em.

Save for your pensions yourself, people. Power to the people!

Don't take my word for it then, take the National Pensioners Convention.

The National Insurance Fund currently has a surplus of £46bn, which is forecast to grow to £114bn by 2012. This money is primarily intended to pay for state pensions, but today’s pensioners are being denied a higher pension because the government is using the money to fund other expenditure

EdInvestor

The figures quoted are for the basic state pension, but people retiring now also get S2P (formerly SERPS) and the average state pension payable is over £6k a year.Many people will get more than that, up around the £10k mark and this will increase as more people retire with a full S2P record..

The position is not as bad as you claim.

dunstonh

Many people will get more than that, up around the £10k mark and this will increase as more people retire with a full S2P record..

Yet it is currently impossible for anyone starting from scratch now to get over £8500 and that assumes a full employment history (no period of self employment as of course self employed dont get S2P).

The benefits of SERPS/S2P have been retrospectively reduced three times over the years. It can be a bad idea to rely on it as it may not be as much as you think. Although of course, if you were only relying on the basic state pension and then you got some SERPs/S2P as well then you would be happy.