citizen's pension

zeddy1

how was this supposed to work? wasnt it about making sure everyone got £140 a week no matter what, forgetting NI contributions and personal savings or pension size?

thanks
zed

dunstonh

how was this supposed to work?

We will find out when the proposals have moved on to something more concrete.

wasnt it about making sure everyone got £140 a week no matter what, forgetting NI contributions and personal savings or pension size?

Sort of. £140 a week single state pension (so no basic with graduated, SERPS, S2P etc and no pension credits to reduce means testing). However, there are a number of issues to be resolved. Such as those with additional state pensions which total more than £140 a week or those that contracted out and how it impacts on the pension (my contracted out benefits are on track for £155pw). Then you have self employed, married couples etc.

The reporting a couple of years back was very early days ideas. A very good idea as it happens but it requires a lot of consultation and calculations. It is unlikely to hit the 2015 target now. Traditionally, Governments run late on things like this by a good few years.

CLAPTON

wait until after the next election

zeddy1

this was proposed because it wasnt worthwhile people saving for private pensions while they could fall back on state pensions no matter what right?

so what were the benifits that those who had private pensions would miss out on?

thanks
zed

CLAPTON

pension benefit to £140 at week
housing benefit
council tax benefit
doubtless others I don't know about