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qualifying years for state pension.

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  • Tancred
    Tancred Posts: 1,424 Forumite
    SnowMan wrote: »
    BBC website are now confirming the 35 year requirement. Completely ridiculous to reduce it to 30 and then put it back up to 35 :(

    http://www.bbc.co.uk/news/business-20989050

    I agree totally, but I guess it's another 'let's get tough with the scroungers' approach from the government. It comes out well with the Daily Mail readers.
  • SnowMan
    SnowMan Posts: 3,685 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 23 January 2013 at 6:11PM
    Tancred wrote: »
    I agree totally, but I guess it's another 'let's get tough with the scroungers' approach from the government. It comes out well with the Daily Mail readers.

    Just to say that comment you quoted was based on early press reports coming out before the white paper was released. I posted later to say my earlier comment was wrong
    SnowMan wrote: »
    Steve Webb seems to have just said in his statement that existing rights to state pension will be protected so somebody with 30 years currently who accrues no further entitlement will get at least the current (full) basic state pension plus any accrued state second pension.

    The 35 years applies in its rawest form to new starters in the system now (16 year olds), who don't benefit from that protection, and reflects that the basic state pension accrues over 30 years and the additional state pension over close to 50 years. So 35 is a sort of weighted mix of the two. That sounds reasonable so I was perhaps wrong to say it was ridiculous.

    Need to see the detail though in particular how past rights are protected.

    Having seen the detail I was wrong to say it was ridiculous.
    I came, I saw, I melted
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Tancred wrote: »
    I agree totally, but I guess it's another 'let's get tough with the scroungers' approach from the government. It comes out well with the Daily Mail readers.

    As the cheapest way to qualify for full state pension is to not work and instead claim benefits, this doesn't really wash.
    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.
  • gadgetmind wrote: »
    As the cheapest way to qualify for full state pension is to not work and instead claim benefits, this doesn't really wash.


    I have heard that NI credits for being on the sick or jobseekers is going to be stopped,don't know how true it is though
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I have heard that NI credits for being on the sick or jobseekers is going to be stopped,don't know how true it is though

    Was that in the White Paper and if not, what is the source and how credible is it?
    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.
  • Tancred
    Tancred Posts: 1,424 Forumite
    gadgetmind wrote: »
    As the cheapest way to qualify for full state pension is to not work and instead claim benefits, this doesn't really wash.

    Maybe not, but it gives the impression of sounding tough. Politics is all about publicity and spin these days.
  • Tancred
    Tancred Posts: 1,424 Forumite
    I have heard that NI credits for being on the sick or jobseekers is going to be stopped,don't know how true it is though

    This would be lunacy because you can't blame people for being sick or having lost their jobs. I think it's more likely that it would be stopped for long term jobless people who persistently refused training or offers of employment - that's a different thing altogether.
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