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Retired people could work for pensions..
Comments
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Angry_Bear wrote: »As I said, there would be no "assess" - everybody would get the same amount and the private element would be a top-up. Much as it is now except that the private element should be mandatory (imo). But I do accept your point about the problems, and if I did have the time and energy to work out the problems and advantages of each proposal then I really would be trying to get elected!
That's why I'm in favour of making it mandatory for employers to contribute to a pension. The current changes are one of the few government initiatives in recent years that I am absolutely in support of.
That being said, in my experience most people (not all) could afford to contribute to a pension but believe they can't because they prioritise other things (expensive holidays, newish cars, iphones, etc). I pay a large proportion of my salary into my pension pot, and can do this only because I make sacrifices, not because I'm loaded.
In some ways I think increasing NI (or tax) and increasing the state pension for everyone would be a good idea, but this will always cause resentment at those who have never worked and then still get the same as those who have worked all their lives. Maybe unemployment should stop making NI contributions (jk).
Why do you think increasing the price of goods and services (and making us less competitive in the world) is better than increasing tax?0 -
Well I took early retirement and have no intention of going back to work.
I have two final salary pensions and with my state pension in a few years things will be even rosier. I have worked for this moment in my life and no way would I put myself under stress by doing any form of work and that includes voluntary work as well.0 -
CRISPIANNE3 wrote: »Well I took early retirement and have no intention of going back to work.
I have two final salary pensions and with my state pension in a few years things will be even rosier. I have worked for this moment in my life and no way would I put myself under stress by doing any form of work and that includes voluntary work as well.
I did retire for eight years and went to live in Spain, but when we came back to the UK I signed on for the petsitting. Entirely my choice!(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
That's over-simplifying what I said, although I can see why you would take it as a consequence. Increasing tax would increase the pension to everyone regardelss of their contribution, I think it is better that people get a pension reflective of what they have contributed to society.Why do you think increasing the price of goods and services (and making us less competitive in the world) is better than increasing tax?
Don't think I'm naive enough to believe this can be done easily or without problems, my suggestion is just one way I think it might be possible to head towards that. I have no doubt that there are many problems with it.Do you not know that a man is not dead while his name is still spoken?
― Sir Terry Pratchett, 1948-20150 -
Angry_Bear wrote: »That's over-simplifying what I said, although I can see why you would take it as a consequence. Increasing tax would increase the pension to everyone regardelss of their contribution, I think it is better that people get a pension reflective of what they have contributed to society.
Don't think I'm naive enough to believe this can be done easily or without problems, my suggestion is just one way I think it might be possible to head towards that. I have no doubt that there are many problems with it.
mandatory work place pension are simply a tax on the business.
they increase the price of the goods and services produced by those companies
they make our exports more expensive and encourage people to buy (cheaper) imports
they reduce the employment in this country whilst increasing the employment in other countries
there is no necessary law that says all state pensions should be the same regardless of total tax/NI paid by your employer.0 -
quite simple really. whatever is affordable to prevent any future threat to thr wellbeing of the country and the potential of future generations.
its affordable or it is not. the moralistic element you may get confused over, but stalling cuts now will make the cuts for later generations much worse.
That answer evades the point and avoids quoting specifics.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
by cutting the largest item, you can achieve similar savings with a much smaller % reduction in that item compared to others.
That answer evades the point and avoids quoting specifics.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
or mew'ed and downsized to death during the past 5 years to pay for back to back saga holidays and comsumerist junk, paid for in extortionate mortgages by younger generations.
It's a good thing that the younger generations do not indulge in over-frequent holidays and consumerist junk ......No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
out of interest, where do you think the state retirement age will be realistically. for someone in their 30s? do you honestly believe its not going to go up further with the foreward forecast in growth and the structural deficit?
do you hand on heart expect longetivity to remain on its current track?
Why not ? They got the projections wrong before which is one reason we are in the position that we are. Why risk making the same mistake again ?
That's another point that's been made before but evaded and not addressed,No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
The pensionable age will have to reflect how long people live and therefore spend in retirement, not how long they want to work. The only alternative is much bigger sacrifices by working people in terms of tax and contributions in order to fund a longer retirement. Since the latter would fly in the face of modern culture -- big-time -- it seems extremely unlikely. Therefore back to Plan A -- probable longer working life. Sorry, but that's the economic reality.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0
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