State Pension - will it eventually be means tested?

I've always thought the state pension will be available to all pensioners that have the necessary NI contributions, however if the following is going to come to fruition, https://www.bbc.co.uk/news/business-66187743, I think there may be a time when it will be means tested, govt debt is becoming unsustainable in the UK.

To avert such borrowings the govt need to reconsider their govt funded DB schemes and benefits, not sure any govt is brave enough to tackle these issues head on though.
It's just my opinion and not advice.
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Comments

  • Steve_666_
    Steve_666_ Forumite Posts: 170
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    Would this be uk gov renegading on the implicit contract they have had with NI contributors over the last 40 years?
  • Pollycat
    Pollycat Forumite Posts: 34,027
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    I think the OP is taking an article and reading something into it that is not mentioned.
  • The_Green_Hornet
    The_Green_Hornet Forumite Posts: 1,303
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    No it won't be means tested.
  • af1963
    af1963 Forumite Posts: 116
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    Anything's possible, but any government proposing this would have difficulty getting re-elected. Why would they pick a fight over this when it's much easier for them to raise money via stealth tax increases, frozen allowances, etc, and not face the same level of protest ?
  • Linton
    Linton Forumite Posts: 16,628
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    Agree it wont be means tested - the admin from having the the majority of the  over-SP age population receiving means tested benefits could make this impracticable.   However the SP age will be increased as (or if) life expectancy increases or perhaps the government does some long term planning and decides we need a higher working/non-working ratio.

    There are better and more politically acceptable ways of reducing the net costs of SP.  For example high income over-SP age people paying at least some NI could easily be justified as the the elderly are the main users of the NHS.
  • SouthCoastBoy
    SouthCoastBoy Forumite Posts: 664
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    Pollycat said:
    I think the OP is taking an article and reading something into it that is not mentioned.
    Yes correct, it's an hypothesis 
    It's just my opinion and not advice.
  • tigerspill
    tigerspill Forumite Posts: 746
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    I don't think it will be any time soon.  Political suicide  for any party progressing this.
    And even if they did, any accrued SP would almost certainly be grandfathered in so you wouldnt actually lose built up benefits.
  • ader42
    ader42 Forumite Posts: 242
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    I would have thought it more likely to gradually increase the minimum pension contribution levels from 8%
  • QrizB
    QrizB Forumite Posts: 11,531
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    I don't think it will be any time soon.  Political suicide  for any party progressing this.
    I could imagine it being tapered away at higher incomes, like HICBC.
    Far from being political suicide, most people (even most pensioners) wouldn't object in the slightest.
    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
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  • Rodders53
    Rodders53 Forumite Posts: 1,952
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    QrizB said:
    Far from being political suicide, most people (even most pensioners) wouldn't object in the slightest.
    Oh yes they would.  Well this pensioner does object.  I can only speak for myself, of course ;)

    NB "Most" voted for Brexit. Many didn't. Some didn't vote at all.
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