State Pension Inequality?

dunstonh

fred246 wrote: »

You're an IFA. You're looking after your own interests. Wouldn't expect anything else really.

How do you explain the millions of others doing the same who are not IFAs?

Your wife didnt pay NI but still qualified. I guess you have a low opinion of her too.

ruperts

Personally I think there's enough vilification of women who choose not to outsource raising their children without saying they can't even have a state pension.

atush

And it is restricted now to yungest age 12. Was more years before.

Have we all missed Fred and his IFA bashing?

atush

Hasbeen wrote: »

People can come into the UK to live and get the state pension with no contributions, never worked here, that's the way it works. So all are entitled including people who have contributed that's what they are paying for.

No they cant. They msut have a min of 10 years contributions thru either employment or some other means (such as CB or being a carer).

coyrls

Look at it as compensation for having to put up with you.

Dox

This thread looks very similar to one posted a year ago...possibly just to be provocative?

fred246

I am sorry. I just thought it was interesting. Most pension payouts are linked to what you put in. Two people were discussing pensions. The payout was the same but the amount put in was massively different. I just wondered if it was fair. Obviously it must be.

Pollycat

Personally, I don't worry myself about what other people get or will get.
My life is my life, theirs is theirs.
I don't share details of my finances with other people, I don't ask them to share theirs with me.

And life really is too short to get all het up about so-called 'injustices'.
It can just end up making you bitter if you're on the wrong end or smug if you're on the good end.
Neither are attractive traits.

AnotherJoe

fred246 wrote: »

My wife gave up work when we had our first child and refused to do any more paid employment. She preferred lunching out, going to the gym, shopping etc. I was getting worried that she would have no state pension whatsoever but when we checked her record it was better than mine. Over 20 years for looking after children. My wife's sister came round recently. She couldn't afford to give up work and has worked all the way through having children. She's found it hard and even has a blog about all the pressure. We suddenly worked out that their state pension entitlement is exactly the same. Her sister has contributed a small fortune to get the same reward. It seems a bit unequal? Am I missing something?

Yes, NI isn't merely a subscription for state pension.

And your sister should have a personal pension, which your wife wont have, or if your wife does have one, only because her pension was built up with money that came from you.

As to why your sister found it harder to get by, well that comes down to income vs expenditure, with numerous factors affecting each of those, none of which are anything to do with NI. You've just looked at 1 (NI) out of probably 50 things that affect how well off your wife vs sister are, without even considering the other 49.

molerat

She's found it hard and even has a blog about all the pressure.

Found it hard to afford to live the life she thinks she is entitled to more like, blogs tend to say more about the person than the subject.