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joint pensions-I'm outraged.

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Comments

  • kindofagilr
    kindofagilr Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts
    McKneff - can you not pay voluntary class 3 contributions under the new "Hollis" scheme?

    Its something like people who retire between April 2008 - April 2015 can pay 6 years conts back from 1975 onwards
    Debt £30,823.48/£44,856.56 ~ 06/02/21 - 31.28% Paid Off
    Mortgage (01/04/09 - 01/07/39)
    £79,515.99/£104,409.00 (as of 05/02/21) ~ 23.84% Paid Off

    Lloyds (M) - £1196.93/£1296.93 ~ Next - £2653.79/£2700.46 ~ Mobile - £296.70/£323.78
    HSBC (H) -£5079.08/£5281.12 ~ HSBC (M) - £4512.19/£4714.23
    Barclays (H) - £4427.32/£4629.36 ~ Barclays (M) - £4013.78/£4215.82
    Halifax (H) - £4930.04/£5132.12 ~ Halifax (M) - £3708.65/£3911.20

    Asda Savings - £0

    POAMAYC 2021 #87 £1290.07 ~ 2020/£3669.48 ~ 2019/£10,615.18 ~ 2018/£13,912.57 ~ 2017/£10,380.18 ~ 2016/£7454.80

    ~ Emergency Savings: £0

    My Debt Free Diary (Link)
  • margaretclare
    margaretclare Posts: 10,789 Forumite
    Freecall wrote: »
    The injustice is simple. If one partner works and pays full contributions, you get 160% between you. If you both work (and therefore pay twice as much), you only get 200% between you ie. 25% more for 100% more contributions.

    No, I can't agree with this. You may see some kind of odd logic in it, but I don't. I can't see what's wrong with each paying in and each getting full pension. What we get 'between us' is irrelevant, since we both receive it in our own right, no going cap-in-hand to anyone else. We worked, we get pension. Simples, as Aleksandr the meerkat says.

    Trying to make out that we're somehow being short-changed because we get it as individuals and not as a couple will not wash, I'm afraid.
    [FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
    Before I found wisdom, I became old.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    It's a social thing isn't it?The 60% pension which will be claimable by either sex post 2010, reflects society's presumed support for the idea that if one partner wishes to stay at home and bring up children, then it's appropriate for a reduced pension to be paid later.

    I'd have thought most people probably support making that option available.
    Trying to keep it simple...;)
  • anmarj
    anmarj Posts: 1,826 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    McKneff - can you not pay voluntary class 3 contributions under the new "Hollis" scheme?

    Its something like people who retire between April 2008 - April 2015 can pay 6 years conts back from 1975 onwards

    only if they already have 20 years qualifing years they can do this
  • kindofagilr
    kindofagilr Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts
    anmarj wrote: »
    only if they already have 20 years qualifing years they can do this

    Yeah I know :)

    McKnee said they have 20 years or so? so might be able to pay 6 more years?
    Debt £30,823.48/£44,856.56 ~ 06/02/21 - 31.28% Paid Off
    Mortgage (01/04/09 - 01/07/39)
    £79,515.99/£104,409.00 (as of 05/02/21) ~ 23.84% Paid Off

    Lloyds (M) - £1196.93/£1296.93 ~ Next - £2653.79/£2700.46 ~ Mobile - £296.70/£323.78
    HSBC (H) -£5079.08/£5281.12 ~ HSBC (M) - £4512.19/£4714.23
    Barclays (H) - £4427.32/£4629.36 ~ Barclays (M) - £4013.78/£4215.82
    Halifax (H) - £4930.04/£5132.12 ~ Halifax (M) - £3708.65/£3911.20

    Asda Savings - £0

    POAMAYC 2021 #87 £1290.07 ~ 2020/£3669.48 ~ 2019/£10,615.18 ~ 2018/£13,912.57 ~ 2017/£10,380.18 ~ 2016/£7454.80

    ~ Emergency Savings: £0

    My Debt Free Diary (Link)
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