State pension sting ??????

zagfles

p00hsticks wrote: »

Only between 2010 and 2016.

As kidmugsy says, prior to that it was 44 years for men and 39 for women

Yes. I know. I was addressing the point about 30 being "unaffordable" and so being upped to 35. It wasn't - it was changed to 35 because it combined the basic pension and SERPS/S2P whose weighted average for a "full" pension was around 35 in 2010-2016.

sheramber

State Pension is taxable because you don't pay tax on your National Insurance Contributions. They are deducted before the tax on your saalry/wages is worked out.

ffacoffipawb

sheramber wrote: »

State Pension is taxable because you don't pay tax on your National Insurance Contributions. They are deducted before the tax on your saalry/wages is worked out.

Don't think that's correct. There is no tax relief on the NI contributions. Both calculated from full salary.

zagfles

sheramber wrote: »

State Pension is taxable because you don't pay tax on your National Insurance Contributions. They are deducted before the tax on your saalry/wages is worked out.

No they aren't.

xylophone

https://www.moneyadviceservice.org.uk/en/articles/tax-and-national-insurance-deductions

If you’re an employee, the money you earn (your salary or hourly wage) is called your gross pay.

When deductions from gross pay like tax and National Insurance have been taken off, the amount you receive is called your net pay.

You can see what your gross pay was and how much has been taken off (if anything) on your payslip.