War on DB pensions....

k6chris

Standby for a war on 'fat cat' pensioners with their 'lucky' DB pensions;

http://www.bbc.co.uk/news/business-40861225

Watch this develop over the coming months into a 'them vs us' battle, resulting in the conclusion that anyone with a DB pension can afford to pay more tax.....

Hurumph.....

PeacefulWaters

Well if their DB pension is particularly good they will pay more tax through having higher earnings.

So I'd not get too upset about it either way.

Sapphire

More tactics to create divisions in our society from the lovely BBC. Disgusting.

I find the comments section more interesting than the article.

I would be more interested in reading articles from the BBC justifying the massive salaries the BBC pays its own staff, and to know what pensions they receive, courtesy of taxpayers (many of whom, like me, now find the BBC unwatchable and unlistenable to, and rarely tune into the organisation's output).

greenglide

I find the comments section more interesting than the article.

I find the HYS comments on all subjects really, really depressing. The level of hatred and bile is truly depressing and, frankly, makes me ashamed to live in this country.

cloud_dog

k6chris wrote: »

Standby for a war on 'fat cat' pensioners with their 'lucky' DB pensions;

http://www.bbc.co.uk/news/business-40861225

Watch this develop over the coming months into a 'them vs us' battle, resulting in the conclusion that anyone with a DB pension can afford to pay more tax.....

Hurumph.....

Unsure how you derive that outcome from the information provided?

blisteringblue

Its all the internet is though now, click-bait. Guardian is the same, sensationalised headlines just to get the hating masses to comment.

Hate Hate Hate Hate Moan Hate, ins't that the standard internet warriors day?

Sterlingtimes

Employees were paid salary and benefits in accordance with contracts of employment and decisions that they made about the time shifting of money. Why should there be a proviso that those who benefit today from their work and decisions yesterday should have their income scaled back?

How could today's youth make financial planning decisions in the expectation that their own future benefit would be scale back if they were excessive?

BBC journalists always have the option of making voluntary payments to the Revenue & Customs if they feel that they have been over compensated.

hyubh

Hmm, well if anyone's getting a bit hyperbolic, dare I say it's people on here, not the journalist. From the article...

Pension poverty was rife in the 1970s. The ONS said that four-fifths of retired households had an income that was the equivalent of less than £10,000 now. Only 4% of retired households now have an income of less than £10,000.

Good to see the BBC reporting the good news, eh?

So, incomes in the last 40 years have grown thanks to final-salary pensions, yet the next generations of pensioners are unlikely to have access to this type of pension.

A statement of fact - final salary pensions in the private sector are almost unknown for anyone under 40. The BBC itself closed its DB scheme to new entrants (after initially just converting to CARE) a number of years ago, and the DC arrangement in its place is nothing like as good.

Automatic enrolment means that workers aged 22 and over and earning at least £10,000 are signed up to a workplace pension. By the end of March, nearly 7.7 million people had been automatically enrolled into a pension scheme.

Patrick Bloomfield, of Hymans Robertson, said that this was a good platform for pensioners of the future, but it currently ensured "thoroughly inadequate levels of saving".

Again, pretty uncontroversial.

Sapphire

greenglide wrote: »

I find the HYS comments on all subjects really, really depressing. The level of hatred and bile is truly depressing and, frankly, makes me ashamed to live in this country.

It's not just in this country, though, is it? People everywhere appear to express points of view over the Internet that they wouldn't dare to face to face. That's why I tend to avoid 'social' media, and post on just a couple of sites, and not too often at that, since it's too negative and rather a waste of one's life when you are busy with work and interests in the 'real' world. :cool:

bigadaj

Sapphire wrote: »

It's not just in this country, though, is it? People everywhere appear to express points of view over the Internet that they wouldn't dare to face to face. That's why I tend to avoid 'social' media, and post on just a couple of sites, and not too often at that, since it's too negative and rather a waste of one's life when you are busy with work and interests in the 'real' world. :cool:

Expression of my opinions doesn't differ between the Internet and face to face, for good or bad, and isn't necessarily popular on either domain.

kidmugsy

What happens if lots of the licence payers went on strike? The Beeb always supports strikers, doesn't it?