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Current a level students won't get a pension till 77... Lets cut boomers pensions NOW
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You can currently start taking a personal/company pension from age 55
You just need to start working and paying into one.
Investing from age 18 -55 gives you 37 years, 18 -65 gives 47 years, so plently of time to build up a pension or other investment vehicle to provide you with an income in later life.
I already am as a higher rate tax payer in a private sector job. I don't see why I should pay for a state entitlement for someone else though the likes of which me and my generation will never see.
And seeing the mess the boomers have made of the economy, I don't exactly place much trust in pension returns...
And what's going to stop a future labour government raiding any prospective future pensions savings to pay for wacky socialist agendas whilst maintaining boomer entitlements? I'm not a mug.0 -
You won't be waiting until 77 though, will you? Well reading that article it seems that you will not be affected, I thought you had now left service?
http://www.bbc.co.uk/news/uk-19070222
I left as a result of the pensions changes. I lost all of my gratuity and would have lost half of my monthly pension with the remaining time I have left to serve. As a result of changes to entitlement, I will not receive a penny of my afps75 pension till 55 at the earliest, probably 60, after it has been devalued back at CPI.0 -
Graham_Devon wrote: »The young are scum.
There. I expect 52 thanks.
I'm not sure what your problem is Graham Paul starts yet another offensive thread and because one or two people react you make such a inane post.
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As. I said on another post gramps, just wait till the post boomer generation get into power. A lack of understanding now is going to harden hearts and any retrospective cuts to boomer benefits will be so much deeper when they finally come...
You are a very silly and immature individual who adds nothing to what attempts to be an intelligent forum -- just a spoiler/troll/wind-up merchant.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 -
GeorgeHowell wrote: »You are a very silly and immature individual who adds nothing to what attempts to be an intelligent forum -- just a spoiler/troll/wind-up merchant.
The irony is, you don't see there is no difference between someone who doesn't pay enough into the system and expects benefits and private healthcare levels of care, and someone who is a serial benefits claimant.
From someone who has always paid into the system far more than they will ever get out, I find I have a damned righ to complain that my taxes will be frittered away because the boomers didn't, and still don't have the gall to accept what is right for us all and not just ok for them0 -
The irony is, you don't see there is no difference between someone who doesn't pay enough into the system and expects benefits and private healthcare levels of care, and someone who is a serial benefits claimant.
From someone who has always paid into the system far more than they will ever get out, I find I have a damned righ to complain that my taxes will be frittered away because the boomers didn't, and still don't have the gall to accept what is right for us all and not just ok for them
You don't know the future so you have no idea whether you will, at the end of the day, pay in more than you get out.
In any event you have produced no facts, figures or analysis of the generational balance sheet or of the distribution within the generations: all you produce is a lot of hatred and bile and barrack room rantings.0 -
Reported the thread - I don't intend to respond in any other way.0
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You don't know the future so you have no idea whether you will, at the end of the day, pay in more than you get out.
In any event you have produced no facts, figures or analysis of the generational balance sheet or of the distribution within the generations: all you produce is a lot of hatred and bile and barrack room rantings.
You don't need to be a genius to work out pushing the state retirement age up by 12 years, in the face of reduced standards of living lower GDP, higher inflation and potentially the reduced effectiveness of modern antibiotics is only going one way.... And it doesn't favour my generation, does it?0 -
Didnt pensions start off with many dying before they ever got to 65. So 77 is probably par for the course with people now being very privileged, if theres no money it goes back to the carrot and stick0
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