Sign the Petition for Womens state pension age going up unfair

missbiggles1

I've just been looking at the Waspi website and Facebook page (there's half an hour of my life I won't get back) and one woman whose "plight" is being used to support "The Cause" is complaining that her private pension is being taxed despite being paid for by money that's already been taxed!

Where do they dig them up from and what does it say about the rest of them whose stories aren't deemed worthy of use?

Pollycat

missbiggles1 wrote: »

I've just been looking at the Waspi website and Facebook page (there's half an hour of my life I won't get back) and one woman whose "plight" is being used to support "The Cause" is complaining that her private pension is being taxed despite being paid for by money that's already been taxed!

Where do they dig them up from and what does it say about the rest of them whose stories aren't deemed worthy of use?

I think a lot of women posting on this and other threads in a position similar to the one outlined above can at least look at themselves in the mirror and acknowledge that they have integrity.

I can admit that I do have an occupational pension that is already in payment - and I'm paying tax on it - and I have not and would not misrepresent my personal circumstances for financial gain.

I would also support any help for women who have found themselves in a less fortunate position to me.
But not support under any circumstances women such as mentioned above in missbiggles' post.

PennyForThem_2

lol
I have a private pension out of my 'taxed' income. Government contributes 20 - 40% tax relief depending on what tax regime you are on.

Why wouldn't I take advantage of this if I can afford? No, I am not a high wage earner but I see this as a better investment than anything else in the market at the moment in that the government contributes your basic tax contribution back to your SIPP contribution.

Almost as good as deferring your state pension.

Pollycat

PennyForThem wrote: »

lol
I have a private pension out of my 'taxed' income. Government contributes 20 - 40% tax relief depending on what tax regime you are on.

Why wouldn't I take advantage of this if I can afford? No, I am not a high wage earner but I see this as a better investment than anything else in the market at the moment in that the government contributes your basic tax contribution back to your SIPP contribution.

Almost as good as deferring your state pension.

I read missbiggles' post to mean that the woman's private pension was in payment & it was that income that she was unhappy about being taxed on, not a pension fund she is currently contributing to.

jem16

Goldiegirl wrote: »

That seems very hollow in the heart to be in it for what they can get out of it personally, rather than concentrating on 2011 and most needy women

That would seem to tie up by what Lin Phillips, one of the co-founders, herself said in this radio interview after the Opposition Day debate back in February. Listen to it at 3.55 minutes in - basically she said most of us wouldn't be eligible for benefits. It was also pointed out that many have occupational pensions and savings.


https://soundcloud.com/bonisones2/waspi-campaign4justice-1

jem16

Pollycat wrote: »

I read missbiggles' post to mean that the woman's private pension was in payment & it was that income that she was unhappy about being taxed on, not a pension fund she is currently contributing to.

That is indeed what she was complaining about. However she seemed to think that her pension pot came from money which had been taxed when she contributed to it which, as we all know, is wrong.

The same woman is also moaning about not receiving the full single tier pension as she has been contracted out but of course is not including the amount from her contracted out pension.

Most of their annoyance is based on fiction, rather than fact.

saver861

saver861 wrote: »

What about the ones that are not lying?

missbiggles1 wrote: »

Find me some who aren't and I'll sympathise with them.:D

... or work on the premise there are none ....

jamesd

colsten wrote: »

And another one, as per this extract from the Hansard:


Fifty-five. Thousand. Pounds.

Assuming that's based on a delay of 4.5 years it'd mean her state pension used for the calculation would be £235 a week, £12,222 a year. A low earner with a full working history could get to around £190 so this implies that she's spent much of the time at middle to high income levels. However, we don't know the basis for her calculation so it could be different from 4.5 years or on some other basis entirely.

The "occupational pension" wording causes me to wonder what might have been hidden. Possibilities include:

1. a personal pension. Not occupational so she could honestly but deceptively claim no occupational pension.
2. savings and investment? Apparently little in the way of savings and investments, so perhaps not here, though we don't know what she might mean by little.
3. a home that she could use equity release with?
4. she's a widow. What happened to her husband's pension? Maybe she's receiving a spousal pension from that but doesn't consider it to be her occupational pension? Life insurance? Perhaps used to pay off a mortgage leaving her short of savings but with plenty of equity?

If that estimated state pension level is correct I also wonder what she was doing with her money that left her with little in the way of savings.

That's not necessarily anything particularly bad, it could be relying on a very wealthy spouse who went bankrupt then died without life insurance a month earlier. Negligent planning but perhaps not hers if this was the case.

Goldiegirl

jem16 wrote: »

Most of their annoyance is based on fiction, rather than fact.

I think this is the most frustrating thing - many of the things they are complaining about are inaccurate or just plain incorrect.


And they won't listen if anybody tries to give them the correct information - in fact, if anybody tried to put correct info on Facebook, it was deleted.

Goldiegirl

saver861 wrote: »

... or work on the premise there are none ....

I think it'd be naïve to believe that.