RPI to CPI Early Day Motion 1032

BoxerfanUK

Ripoff wrote: »

Funny that because Steve Webb insists that only 7% of pensioners have a mortgage, just goes to show how much he really knows.

Obviously I am one of the 7% then, as my mortgage will not be paid until I am 72

Ripoff_2

BoxerfanUK wrote: »

Obviously I am one of the 7% then, as my mortgage will not be paid until I am 72

I'm afraid so, but don't dispair Steve Webb thinks you not only don't have a mortgage but he also said to me in a letter that most pensioners don't pay council tax...huh I thought, that can't be right.

So I wrote back and asked if could give me the figures on that, how many do and how many don't but guess what? after many requests he has still not proved his statement.......I think he knows all too well that in fact MOST pensioners pay some form of Council Tax, either full with couples or 25% reduction for single pensioners.

Steve Webb and Co are not at all being honest and are manipulating the data, but WE all know that CPI is now discredited.

You might like to read this because yet again it blows Steve Webb & Co's argument right out of the water, CPI is a nonsense for pensioners indexing and these figures further show this:

This also shows why this change is so wrong, http://www.ageuk.org.uk/latest-press/over-55s-an-average-30-per-month-worse-off/

Keep telling your MP everytime you find something new, show them that CPI is not the correct measure, they need to have it hammered home to them because some MP's, would you believe, still think we are after a pension rise, when in fact all we are after is the correct indexing i.e. RPI

Old_Slaphead

The fact that a pensioner has a mortgage is a lifestyle choice.
I suspect that, as a generalisation, pensioners mortgage balances will be relatively small. Saying x% have a morgage is meaningless - surely it's the outstanding balance that is relevant. They may not have been paid off because many pensioners may also wish to keep rainy-day savings accounts.

If interest rates go up why should (in the case of public sector pensions) the taxpayer be expected to contribute to that increased cost? Another point, again a generalisation - more pensioners have savings than have mortgages. Increasing pensions when interest rates increased (as savings rates tend to follow mortgage rates) would give them a double benefit.

I understand that CPI includes student fees. They're going up soon which will no doubt give your pensions a boost (don't tell me that lots pensioners are paying university fees).

As with most things it's swings & roundabouts.

MEY_3

"The fact that a pensioner has a mortgage is a lifestyle choice."

Old Slaphead, it may be some people had to begin again after divorce or separation. I don't really see most would think that is a lifestyle choice.

BoxerfanUK

MEY wrote: »

"The fact that a pensioner has a mortgage is a lifestyle choice."

Old Slaphead, it may be some people had to begin again after divorce or separation. I don't really see most would think that is a lifestyle choice.

Yes that applies to me MEY. A 'Lifestyle choice' indeed old ****head.

I guess the only thing that is not a lifestyle choice in this world is being BORN.

hugheskevi

More than one in five people will retire with debts this year

The major sources of debt in retirement are credit card and mortgages - 55% of those retiring in 2011 owe money on credit cards, while 52% have outstanding mortgage balances.

21% (more than 1 in 5 ) multiplied by 52%=10.9%

Funny that because Steve Webb insists that only 7% of pensioners have a mortgage, just goes to show how much he really knows.

Is there really that much difference between 7% and 11%? Different data sources, etc, etc?

Old Slaphead, it may be some people had to begin again after divorce or separation. I don't really see most would think that is a lifestyle choice.

I certainly do, and it is what I am planning - paying a mortgage from a pension is very tax efficient.

I really don't think the arguments about the rights and wrongs of the move to CPI revolve around the percentage of pensioners with a mortgage. If they do, then surely it would make sense to start a campaign to get pensioners to mortgage their homes.

Old_Slaphead

MEY wrote: »

"The fact that a pensioner has a mortgage is a lifestyle choice."

Old Slaphead, it may be some people had to begin again after divorce or separation. I don't really see most would think that is a lifestyle choice.

Of course it is - that's what people go to work for, save for etc - to make lifestyle choices.

Why shouldn't people take responsibility for their own decisions?

it's a lifestyle choice to get married & it's a lifestyle choice to get divorced. Surely you don't expect the taxpayer to subsidise these? (I refer, of course, to taxpayer-supported pensions in whatever format)

Whatever next - pensions should be indexed to the price of cars because I need a car to do my shopping/visit family etc????


At least hugheskevi can appreciate that headline grabbing statistics need to be treated with caution.

Mortgages can often be means of releasing equity in an asset (ie house) and are not always a sign of net indebtedness!

teacher_retired

I read with interest that a group of unions have served notice on the government that they may make a legal challenge to the changes and seek a judicial review. Its on the prospect union website.

Old_Slaphead

BoxerfanUK wrote: »

Yes that applies to me MEY. A 'Lifestyle choice' indeed old ****head.

Presumably either you or you ex partner saw it as that.

Do you now expect the taxpayer to contribute to your mortgage costs (in the form of a higher indexing for your pemsion) because of that ?

Interested_Taxpayer

Old_Slaphead wrote: »

(in the form of a higher indexing for your pemsion)

You are at it again Old Slaphead. Not on thread and a little unsteady on your posting.

Too much of you know what on a Friday evening is not good for you. You are now very "close to the edge"! In fact, I am told there are men in white coats looking for you. They are coming to take you away.
Ha Ha:eek:
I would look to exile on Planet Zog once more if I were you. Much more suitable and of course, this will allow us to get on with the topic.
Thank you.