In a fair society, no benefits would be means tested. Everybody would have an absolute entitlement with the wealthy paying more tax.
NeilW wrote: »
You wouldn't say that if you were wealthy. And you'd leave the country for a kinder regime if anybody tried.
That's why the current government is 'creaming' the middle classes - who still have a guilt complex and think with gut reflexes rather than their heads.
Perhaps it would be more equitable if the costs of looking after the elderly were place on their offspring. After all the fact you have a chance at anything is down to those who brought you up. At what point do you repay that debt?
rmg1 wrote: »
I think the state pension should be means tested for 2 reasons:-
1) Joe Bloggs who has a private pension of £25000 a year doesn't need the extra cash Joe Bloggs has paid extra for thirty odd years for his Private Pension.
2) Because you're not paying Joe Bloggs a state pension, as he obviously doesn't need it, there's more for those who do need it and could have a small increase. It won't be a large increase due to cost of the overblown bureaucracy and thousands of paper-shufflers that always seem to descend upon these issues.
As for having an arbitrary cut-off point, means-tested allowances like Income Support have a sliding scale, where the amount you receive starts to drop off after a certain point, until you receive nothing if have too much in savings/earnings. This would allow a little leeway in payments.
Referring back to Joe Bloggs again, if he has paid into the system in the form of NI contributions, one could reasonable assume he has benefited from those contributions in visits to his GP, hospital, etc.
As a last point, why do these types of discussions always seem to descend into rants about "I've paid in, I'm having my share back out" regardless of whether the payments are required?
If people were a little less self-centred, then maybe these discssions wouldn't be required. And before anyone asks, I do pay into my works private scheme but as I started paying fairly late in my working life, I will not receive full benefit from that scheme, so my paymets would require a little "topping-up". I have already discussed this with a financial advisor and that was his conclusion, not mine.
seven-day-weekend wrote: »
This again penalises the hard-working and thrifty.
I too am in the same position as the OP and will benefit from a small LG pension, but am still looking forward to receiving my State Pension in just over two years' time.
And don't forget, Joe Bloggs will pay the due amount of tax on his pensions.
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