Triple Lock Becomes Double Lock For 1 Year
Comments
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because most of the benefits that NI entitles you to aren't available to those over state pension age
National Insurance Contributions (NIC) have always been a hypothecated tax which pay principally for current State Pensions, some NHS spending and a few social security benefits.
Currently about 75% of the contributions go into a special National Insurance Fund and then come straight out to pay current (state) pensioners, while about 20% of the rest goes straight to the NHS without going in to the National Insurance Fund.
It does seem rather odd for a person to have contributed (before reaching SPA) to be entitled to a benefit (and SP is a benefit) and then to be asked to pay for the benefit after SPA)!
That said, there must be a number of pensioners whose income is high enough for them to pay as much in tax ( or nearly as much) as they actually receive in state pension?
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itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.Lost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander1 -
Torry_Quine said:itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.0 -
Thrugelmir said:Torry_Quine said:itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.Lost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander1 -
xylophone said:because most of the benefits that NI entitles you to aren't available to those over state pension age
National Insurance Contributions (NIC) have always been a hypothecated tax which pay principally for current State Pensions, some NHS spending and a few social security benefits.
Currently about 75% of the contributions go into a special National Insurance Fund and then come straight out to pay current (state) pensioners, while about 20% of the rest goes straight to the NHS without going in to the National Insurance Fund.
It does seem rather odd for a person to have contributed (before reaching SPA) to be entitled to a benefit (and SP is a benefit) and then to be asked to pay for the benefit after SPA)!
That said, there must be a number of pensioners whose income is high enough for them to pay as much in tax ( or nearly as much) as they actually receive in state pension?
I think....0 -
Torry_Quine said:Thrugelmir said:Torry_Quine said:itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.I think....1 -
Torry_Quine said:Thrugelmir said:Torry_Quine said:itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.0 -
michaels said:Torry_Quine said:Thrugelmir said:Torry_Quine said:itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.
Please don't joke about life insurance it's not funny.Lost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander0 -
Thrugelmir said:Torry_Quine said:Thrugelmir said:Torry_Quine said:itwasntme001 said:Deleted_User said:jamesd said:Setting the wonderful 1970s as the golden standard is smart. Britain was doing so well, who wouldn’t want to try that again?
That's in spite of organised labour driving Labour out of government and getting us Thatcher and more riots, including a few hundred meters from where I was living in London at the time.
Nice try at distraction.jamesd is correct. Living standards were pretty good in the 1970s for ordinary, working class people. You had 30% inflation for like a year or so. But you miss the fact that incomes rose also - such that real incomes were growing for nearly all years in the 1970s (and quite a bit more than they have done for the last 20 years).This was also at a time when housing was cheap. ......
My family certainly struggled through every decade. This is why I don't like sweeping statements.
No I've never been unemployed although now disabled and not working
Lost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander0 -
I can remember my mother crying over bills, my father having no money for himself etc. Our standard of living was low.0
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