Welshpat wrote: »
I would have to pay the government a lump sum of £23,350 in Oct 2015!!!!!!! :eek:Sounds like another name for an annuity to me except it would be government owned!!!
greenglide wrote: »
For your £23,350 you would get £1,300 per year (it sounds more as an annual amount to me!) inflation protected by the triple lock (at present) with 50% inheritable....
Jaycee_Dove wrote: »
I am sensing that come the introduction of the new two tier pension in 2016 a lot of people will suddenly wake up to quite a few truths that they had not envisaged.
Firstly, that someone next door retiring days after they have done, but paying, say, 5 - 10 years LESS in NIC contributions will be getting up to £35 pw MORE in state pension than they are. Forever.
Oblivion wrote: »
Exactly. This is where I, as someone just turned 65, am stuck. I have 47 years of NI but will still only qualify for the lower basic rate of state pension for the rest of my life. This government have betrayed us.
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