State Pension not a benefit

lisyloo

It makes me smile when people talk about a lifetime of hard work.
My MIL worked very hard from age 14-72 and at least 20 years of that with arthritis, but at supermarket and shop jobs she didn't pay a massive amount of tax.


What she did pay has been well and truly eaten up by care at home, hospital (£3K per week), intensive care (£1K per day for just the basics) and the nursing care at £980 per week.


So from a moral point of view she did everything she could in her life, but due to her longevity is a taker.


Most of you are TAKERS even if you have worked hard and I'm not saying there is anything wrong with that, but I am saying your contributions are very quckly eaten up if you need health care particularly if it's intensive.

Silvertabby

Someone on average earnings throughout their (40 year +) working life only pays enough NI to cover their first 5 years of State pension payments.

System

Malthusian wrote: »

It is paid by for by the hard work and NI contributions (and other taxes) of those currently working.





You can call it by whatever name you like, but it doesn't change the way the money flows in reality.


.

You could alternatively say it is paid for by the tax and rates paid by businesses, or by excise duty on beer and fags, or simply by the chancellor adding it to the National Debt.

lisyloo

Clifford_Pope wrote: »

You could alternatively say it is paid for by the tax and rates paid by businesses, or by excise duty on beer and fags, or simply by the chancellor adding it to the National Debt.

or you could say it's paid for by the wealthy as about 60% are net takers.


Personally I don't have an issue with that and in fact think its' the whole point.