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.
Eg, 50% off Papa John’s
Here’s what you need to know
Let us know your thoughts!