MSE News: £140-a-week state pensions on the cards

Eco_Miser

dunstonh wrote: »

You are playing semantics.

As were you in your original post in this thread.

dunstonh wrote: »

If you say it is set to increase then effectively you are going to be saying that for the next thirty years.

Possibly, as it was for the previous 15, but after 2018 the increases in age will be taking effect, and can be described as "gradually increasing with date of birth". At the moment, some of us are still on the old system (straightforward pension from 65th birthday, if taken)

dunstonh wrote: »

At this time, everyone has a state pension age based on their date of birth and that age is not set to be increased.

That has nearly always been the case, but occasionally a politican comes along and says "We're changing the system", and after that, it's still the case, but the figures are different.

down

Bilbo51
Check your payslip properly. Your NI is deducted from you Gross Pay, you are taxed on your Gross Pay, therefore you have paid tax on the money used to pay for your NI.

ArKay

So it seems like £140 a week flat rate is confirmed - at least for those who aren't already on a state pension. So --- back to my original question. Do you think it will be flat rate for everyone including those who have not paid enough contributions?:j

luminated

ArKay wrote: »

So it seems like £140 a week flat rate is confirmed - at least for those who aren't already on a state pension. So --- back to my original question. Do you think it will be flat rate for everyone including those who have not paid enough contributions?:j

http://cdn.hm-treasury.gov.uk/2011budget_complete.pdf

This is the Red Book - all the budget in details but not sure if it will contain the answer to your question.

Alter_ego

HAPPYEATER wrote: »

Does anyone know if this will mean that ALL will get the flat 140 or will a reduced amount be paid to married couples as is now?

At present each person gets their own pension. There is no "Married couple's pension"

wakeupalarm

The new £140 state pension has increase by 10% and is now expected to be at least £155!

http://www.bbc.co.uk/news/business-12924666

luminated

wakeupalarm wrote: »

The new £140 state pension has increase by 10% and is now expected to be at least £155!

http://www.bbc.co.uk/news/business-12924666

I wil hit 65 in 2013 so the worry for me is that the new pension rates kick in, for those retiring, after it is introduced in the future.

My wife is 60 so is already getting pension and will also miss out. UNLESS when it is officially announced there is more to it than the papers have reported. I do hope so:eek:

Sunny_Morgan

I am a pensioner who foolishly moved to France where I could just about afford to buy a home. I had no way of knowing that the UK Government would not allow a pensioner who caught a half hour train across the water, to receive pension credit. So the £100 I get all goes on overheads direct debits, I cannot stop the house insurance - it is the law you must have it here, so I guess its the electricity that will have to stop first since I have been unable to buy any food for 5 weeks now. Just using flour and old stores in the cupboards. But - I did pay into the system all my working life in the UK, being a born and bred British national. Now developed a heart problem but cannot afford doctor or hospital.

Pollycat

Sunny Morgan

Move back to the UK?

Sunny_Morgan

Thanks Pollycat, but when you are flat broke you cant do a thing, absolutely stuck.