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New £140 state pension proposal
napaul
Posts: 14 Forumite
What will happen to currently deferred pensions if the new proposed £140 state pension comes into being?
When would the new proposed £140 state pension start?
When would the new proposed £140 state pension start?
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Comments
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at the moment its just a proposal so it may never happen .What will happen to currently deferred pensions if the new proposed £140 state pension comes into being?
When would the new proposed £140 state pension start?
http://www.google.com/hostednews/ukpress/article/ALeqM5jBJ1FSpG_aDf46_8LKJ30AYhqpkg?docId=N0071711287968312930A
it would be based on residency in Britain, it said. The new pension would come in towards the end of this Parliament, in 2015."Do not regret growing older, it's a privilege denied to many"0 -
at the moment its just a proposal so it may never happen .
http://www.google.com/hostednews/ukpress/article/ALeqM5jBJ1FSpG_aDf46_8LKJ30AYhqpkg?docId=N0071711287968312930A
it would be based on residency in Britain, it said. The new pension would come in towards the end of this Parliament, in 2015.
Great plan, you put in the pension at the end of the parliament in the hope of garnering more votes, if you don't actually get back in power for the following 5 years its the oppositions problem to fund it.
Our politicians really are a bunch of short sighted, self serving, expenses filching, morally deficient bunch of scum0 -
Great plan, you put in the pension at the end of the parliament in the hope of garnering more votes, if you don't actually get back in power for the following 5 years its the oppositions problem to fund it.
Rather than going off half c0ck, wouldn't it be a god idea to wait and read the Green Paper. Changes to State Pensions are much more complicated than you seem to think - the transition from the current system will take much longer than 5 years, for example - and it is inconceivable that any Government, let alone one led by Tories, would jeopardise the public finances in the way you suggest.Our politicians really are a bunch of short sighted, self serving, expenses filching, morally deficient bunch of scum
Actually the Secretary of State for Work and Pensions, Iain Duncan Smith, and the Minister for Pensions, Steve Webb, whose idea this seems to be, are two of the good guys, both devout christians, both determined to improve the provision of pensions.0 -
Stargazer57 wrote: »Rather than going off half c0ck, wouldn't it be a god idea to wait and read the Green Paper. Changes to State Pensions are much more complicated than you seem to think - the transition from the current system will take much longer than 5 years, for example - and it is inconceivable that any Government, let alone one led by Tories, would jeopardise the public finances in the way you suggest.
UNQUOTE
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The proposals will be outlined in a green paper before the end of this year and are due to be implemented by the end of the current parliament in 2015.
un quote.
Best to leave it to the experts rather than speculating it will take a lot longer than 5 years.0 -
The single state pension has been on the cards for years. It was recommended in a report some years back. It just required a Government with the balls to make changes as whilst it may not end up costing much more than the current system, there would be people that would just go anti-Govt for the sake of it.
Whilst implementation may be planned for 2015. It is "probable" that there will be some tiering in place rather than a line drawn in the sand as to when you qualify under the new arrangement.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
at the moment its just a proposal so it may never happen .
http://www.google.com/hostednews/ukpress/article/ALeqM5jBJ1FSpG_aDf46_8LKJ30AYhqpkg?docId=N0071711287968312930A
it would be based on residency in Britain, it said. The new pension would come in towards the end of this Parliament, in 2015.
Well I did my state pension forecast for 2016 when I am 65,and it turns out its £137 under the current system, so whats being proposed sounds good, but in reality its what we are going to be getting anyway! I guess most people just don't know that!
Yet another case of the govt treating us all as ignorant idiots.
fj0 -
bigfreddiel wrote: »Well I did my state pension forecast for 2016 when I am 65,and it turns out its £137 under the current system, so whats being proposed sounds good, but in reality its what we are going to be getting anyway! I guess most people just don't know that!
Yet another case of the govt treating us all as ignorant idiots.
fj
are you saying that based on a sample of one, all people will get 137 in 2016 anyway?0 -
ah they're religious fanatics.....
that's ok then, I feel much relieved, as those with strong religious beliefs have never caused any problems........have they?Unless specifically stated all posts by me are my own considered opinion.
If you don't like my opinion feel free to respond with your own.0 -
are you saying that based on a sample of one, all people will get 137 in 2016 anyway?
Absolutely correct! I'm more average than the average person, so to quqlify that a bit - 65 in July 2016, 30+ years contributions,std rate tax payer (not that comes into it), no ssp, and no other credits.
So yes, everyone eligible will be getting at least £137 in 2016 - not a mile away from £140 in 2015 - another govt con!
Unless of course you have evidence to contradict this,
fj0
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