We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Plan to change private pension inflation link

1…78101213

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Old_Slaphead wrote: »
    Why ? What next - personal tax rates?

    Even if they were mortgage rates certainly shouldn't be

    Well it includes VAT doesn't it? I hate to be cynical but am I correct to presume you don't have one of
    these pensions coming your way.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    StevieJ wrote: »
    So you think a measure that omits council tax but includes overseas student fees is the correct one for pensioners icon7.gif

    If the pensioner is an overseas student, and qualifies for council tax exemption, it seems sensible to me Stevie. :)
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    StevieJ wrote: »
    The pension grab may be a red herring for the private sector but it is funny how the Tory faithful turn when they think it my be them paying the price.

    I'm not sure that's fair Stevie. Most DB pension holders in this country are not wealthy tories with country estates, they are people who have modest pensions and who may be hurt if companies are allowed to tinker with the mechanism for working out increases.
    marklv wrote: »
    Not sure what all the fuss is about. On the continent, inflation is always defined as CPI, not RPI. RPI is a peculiarly British thing, as we are all so obsessed with house buying, mortgages, etc. Yawn.

    CPI wasn't recorded in the UK at the time of the law change to schemes (which AFAIK does not specify RPI either, though that is what schemes use). I think it was brought in about a year after.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    vivatifosi wrote: »
    I'm not sure that's fair Stevie. Most DB pension holders in this country are not wealthy tories with country estates, they are people who have modest pensions and who may be hurt if companies are allowed to tinker with the mechanism for working out increases.

    Not wealthy like those benefit claiming Chavs icon7.gif I obviously agree with you, but you can bet your bottom dollar that it will be the well heeled pensioners that make the most noise.
    Are you Vivasor BTW?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    StevieJ wrote: »
    Are you Vivasor BTW?

    Who is Vivasor, are they on this board? Not heard of them.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    vivatifosi wrote: »
    Who is Vivasor, are they on this board? Not heard of them.

    Someone on a pensions thread on the MF, just thought the pension and Viva link may just have been you.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 11 July 2010 at 11:05PM
    StevieJ wrote: »
    Well it includes VAT doesn't it? I hate to be cynical but am I correct to presume you don't have one of
    these pensions coming your way.

    Come on Stevie you're smarter than that.

    VAT is imposed on discretionary consumption, council tax and personal tax isn't (they're based on your perceived ability to pay ie relative wealth).

    Giving FS pensioners an uplift because council tax has gone up is effectively giving them a discount (whereas non-FS pensioners have to pay the full wack). That's not fair - we should all pay our dues.


    Whether I have a FS pension is immaterial to my views of what is fair to the public as a whole (FWIW I don't but OH does :) . I do have PPPs but they've been trashed by the Labour Party so yes, I am bitter and twisted)
  • Andy_L
    Andy_L Posts: 13,075 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Old_Slaphead wrote: »
    I do have PPPs but they've been trashed by the Labour Party so yes, I am bitter and twisted)

    So if you retire & bought an RPI linked annuity rather than a level one would you be happy if the company you bought it from suddenly changed the index to a lower one?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Old_Slaphead wrote: »
    Come on Stevie you're smarter than that.

    VAT is imposed on discretionary consumption, council tax and personal tax isn't (they're based on your perceived ability to pay ie relative wealth).

    Giving FS pensioners an uplift because council tax has gone up is effectively giving them a discount (whereas non-FS pensioners have to pay the full wack). That's not fair - we should all pay our dues.


    Whether I have a FS pension is immaterial to my views of what is fair to the public as a whole (FWIW I don't but OH does :) . I do have PPPs but they've been trashed by the Labour Party so yes, I am bitter and twisted)

    discretionary consumption............. gas, electicity (at 5%), telephone and mobiles usage, clothes (not smaller children's), shoes, car fuel, car servicing, house repairs, pots pans cups plates and a few more things I'm sure.
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Andy_L wrote: »
    So if you retire & bought an RPI linked annuity rather than a level one would you be happy if the company you bought it from suddenly changed the index to a lower one?

    When the government changed the rules on pensions index linking a decade-or-so ago did it include all those who were then in receipt of a annuity?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture