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Worth buying missing NI years to boost state pension if Labour are going to means test it?

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  • pinnks
    pinnks Posts: 1,549 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    doh - and they looked so plausible.  I guess we should all post them far and wide as gospel and see what happens, lol
  • MK62
    MK62 Posts: 1,746 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    pinnks said:
    Means testing State Pension to save £2b/year

    Cost of means testing State Pension £3b/year 

    😳
    Well, that looks like a rock-solid policy then, lol.

    On a serious note, I assume that would be for the links to HMRC and people's income, plus staff, plus significant computer system requirements, etc. etc.  But what is also telling is that it would only save £2bn.  Given that the state pension currently costs something like £120bn, that means fewer than 2% would be affected, and that would potentially be the High Net-Worth population who really wouldn't even notice an extra £12k per year, lol 
    They were just figures I made up 🙃

    ......UK newspapers have done the same for years!

    Come to think of it, so have politicians....... ;)
  • MK62 said:
    pinnks said:
    Means testing State Pension to save £2b/year

    Cost of means testing State Pension £3b/year 

    😳
    Well, that looks like a rock-solid policy then, lol.

    On a serious note, I assume that would be for the links to HMRC and people's income, plus staff, plus significant computer system requirements, etc. etc.  But what is also telling is that it would only save £2bn.  Given that the state pension currently costs something like £120bn, that means fewer than 2% would be affected, and that would potentially be the High Net-Worth population who really wouldn't even notice an extra £12k per year, lol 
    They were just figures I made up 🙃

    ......UK newspapers have done the same for years!

    Come to think of it, so have politicians....... ;)
    Quite, maybe there's a new career to be considered 😂
  • bioboybill
    bioboybill Posts: 3,487 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    For the last couple of weeks my phone has sent me notifications about possible means-testing of pensions a couple of times a day. These send you to places like the Daily Express, Daily Mail and other right-wing sites. Then you read the article among dozens of ads only to find at the end that even they say it's unlikely to happen under any government as it would be so difficult to administer and of course highly unpopular. Clickbait pure and simple.
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