State pension changes?

margaretclare

Torry_Quine wrote: »

There is no such thing as a married persons allowance or pension. Everyone gets their own pension from their own contributions or if more when their spouse retires can get 60% of the full pension.

Only those of us in a marriage where one person was born before 6th April 1935 can get the married persons' tax allowance.

DH and I used to split this between us up to this tax year.

There has been talk of 'rewarding people for being married' but AFAIK this remains just talk.

Sweey_as_a_nut

Well this government already as a track record regarding pensions.
they stated that rises will be in line with state earnings,
Then they decided to alter the way its calculated and the experts, on the BBC where I seen it, stated we will be worst off for quite some years to come calculating it this way. So you can bet somewhere along the line they are going to save.


What about people with a private pension, will that come into the equation.

seven-day-weekend

gatita wrote: »

I stand corrected, that is what I meant "spouse retires can get 60% of the full pension. "

So..........what will happen to that under the new scheme?

As far as know he will get £140 (orwhatever it is at the time) and you will get 60% of it.

gatita

Ahhhhhhhhhhhhh I see! thank you sdw, now the question, he will be 65 in Jan 2015....so, will he qualify for the new system or the old! I don't suppose anyone is clear on that one yet?

uk1

gatita wrote: »

Ahhhhhhhhhhhhh I see! thank you sdw, now the question, he will be 65 in Jan 2015....so, will he qualify for the new system or the old! I don't suppose anyone is clear on that one yet?

No one knows yet. But, it will depend on their perception of the support they have and the impact that it may have on the election. The two obvious dates for it's introduction are April 2015 or April 2016. But the next election is "fixed" for May 2015.

If it looks like it's going to be unpopular then you might assume they'll fumble their way until after May 2015. This of course will irritate people who - for example - retire in 2015 without any means tested benefits and who will miss their chance of the windfall.

Errata

Fortunately it won't effect me, as I have a decent occ pens and savings. However, I do think that not making it the same flat rate for all those who have, and will, draw a SRP is very unfair and will put me in the mood to go on hunger strike on the Town Hall steps.

scotsbob

Having contributed to NI, without any gaps, for 44 years I will get less of a pension than women who stayed at home doing no work.

As a taxpayer I had to fund their families. Now, out of a taxed pension, I have to fund the womens retirement.

The prospect of becoming a tax exile is ever more appealing.

mumps

uk1 wrote: »

It's probably the gin.

Sorry, don't drink. I can't even stand the smell of gin let alone the taste, well to be honest I have never tasted it because of the smell.

Oldernotwiser

scotsbob wrote: »

Having contributed to NI, without any gaps, for 44 years I will get less of a pension than women who stayed at home doing no work.

As a taxpayer I had to fund their families. Now, out of a taxed pension, I have to fund the womens retirement.

Why single out women who've had domestic responsibilities and can hardly be said to have done no work? Surely the scandal is that people who have worked but retired before the deadline will get far less than those who've spent their lives on benefits?

Farway

Errata wrote: »

However, I do think that not making it the same flat rate for all those who have, and will, draw a SRP is very unfair and will put me in the mood to go on hunger strike on the Town Hall steps.

I do not agree, I do have SRP, SERPS + whatever else it is called, and my SRP is over £200 per week [worked all my life, paid all NI, male]

So by your reckoning I should lose over £60 per week [over £3k per year] for the rest of my life? Hardly a fair option is it?