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Has the flat rate pension been delayed or killed?
Comments
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Surely a teacher's pension would be on top of SP whether flat rate or not?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Surely a teacher's pension would be on top of SP whether flat rate or not?
Please someone tell me this is correct, if not I'm stuffed :eek:Haters are gonna hate - you're not obliged to participate0 -
pondskater wrote: »Please someone tell me this is correct, if not I'm stuffed :eek:
The whole point of the flat rate is so that other pension arrangements don't reduce what the state provides.
As it stands, someone's private/other pension can reduce the top ups to basic state pension, which is why some people don't even bother trying.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Phew, thanks.Haters are gonna hate - you're not obliged to participate0
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They have left this much too late. Having fallen into the trap of constantly referring to national Insurance as "contributions" rather than simply taxation, now everyone understandably expects something back in return for their contributions.
They should have scrapped NI 30 years ago and simply had income tax. Then a flat rate state pension for all would have made sense and would have been unarguable.
Now it begins to look like another miss-selling scandal in the making.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
If all the NI I'd paid really had been going into a pot with my name on it, then I'd be retired by now!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Please confirm in words of one syllable that I, as an existing Pensioner, will get my State Pension of (on today's rates) £115 pw plus my Local Authority Pension of £50 pw. Thanks.(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 -
What makes you think any future flat rate pension would be retrospectively applied to existing pensioners?
And out of interest, have the read the "A state pension for the 21st century" green paper?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
seven-day-weekend wrote: »Please confirm in words of one syllable that I, as an existing Pensioner, will get my State Pension of (on today's rates) £115 pw plus my Local Authority Pension of £50 pw. Thanks.
Yes you willLost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander0 -
whitesatin wrote: »It's your sentence " Despite them getting their state pension much earlier than people who'd benefit from the higher basic pension" I can't quite get my head around. We all have to work for the prescribed number of years to qualify for our pensions and I can't understand how anyone can have an issue with this.
I think what zagfles is getting at is that many of those who are already getting state pension - which I believe is currently around £107 - have been getting it since they they were 60 (for women) or 65 (for men).
There have been complaints from some of this section of society that they would be unfairly treated by (on current suggestions) not being eligible for any new £140 flat rate pension that might be introduced in the future, despite the fact that those who will be eligible will have to wait until they are 66, 67, 68 or older before they receive it, and are therefore probably no better off over the lifetime of the pension.0
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