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WASPI ‘victory’

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Comments

  • Gers
    Gers Posts: 13,462 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I catergorically did not receive a letter about the acceralrated pension change in 2011.  However, I would have worked on anyway and also received a LG superannuation pension aged 60 so wasn't as affected as many others. Not a member of WASPI and don't expect any kind of payout but it's good to have the acknowledgment that the changes weren't communicated properly.
    All those who declared 'you must have had a letter' can now accept that many didn't. Me included.
  • westv
    westv Posts: 6,584 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Nobody has said you should have received a letter. They are saying you should have been aware via the numerous other routes it would have been communicated via.
  • Flugelhorn
    Flugelhorn Posts: 7,505 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Some woman on the news made a comment of "what have they done with our money, they must have it sitting there somewhere"


    It's amazing the number of people who think they have paid in the total amount of their eventual State pensions.  Reality is that, on average, NI payments barely cover the first 5 years of the State pension.
    I have added mine up - comes to over £90K - even that won't pay many years of State Pension
  • Prism
    Prism Posts: 3,856 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Some woman on the news made a comment of "what have they done with our money, they must have it sitting there somewhere"


    It's amazing the number of people who think they have paid in the total amount of their eventual State pensions.  Reality is that, on average, NI payments barely cover the first 5 years of the State pension.
    I have added mine up - comes to over £90K - even that won't pay many years of State Pension
    Mine is about £25k in total and probably £35k by the time I retire. Obviously the amount paid in is unrelated to the state pension but the media do like soundbites like that.
  • westv
    westv Posts: 6,584 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I've no idea what mine would come to over the 44 years of paying NI.
  • pinnks
    pinnks Posts: 1,583 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 21 March 2024 at 8:48PM
    I looked at mine the other week and it is about £90k too, including 5 years voluntary but my other half who was part-time and gets a higher pension than me, because of how the transitional rules panned out, lol, paid only £2k.  Oh, and she's a 1950s baby and nobody told her she would get NI credited if in a low-paid, part-time job!!  Disgraceful that she has benefited from that without being told it would happen. 
    And I guess it is theoretically possible to get a full new state pension with only NI credits on your record. 

    Pointless exercise really but at least it quashes this notion of paying into some sort of pot, or fund...
      
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