Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Andy B on 22 November 2019, 13:48:07
-
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136
Not sure what he must do for a living in Bolton if he's earning more than £80k ... ???
-
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136
Not sure what he must do for a living in Bolton if he's earning more than £80k ... ???
Thieving :D :D ;D
-
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136
Not sure what he must do for a living in Bolton if he's earning more than £80k ... ???
Thieving :D :D ;D
Nah, he'd be on benefits with zero declared income if that were the case ;)
-
If anyone was watching question time last night ..... https://www.bbc.co.uk/news/50517136
Not sure what he must do for a living in Bolton if he's earning more than £80k ... ???
Headteacher, senior hospital manager, company director, etc, etc.
-
Its ok saying it wont hurt those on decent salaries to pay a bit more in tax, but imo they are already taxed highly without having to hand over even more, so politicians can waste it. Its old fashioned Labour politics of envy. The curse of this country for decades in the past.
To me, if someone works hard and does well for themselves, good luck to them. If I had turned up at school and paid attention to what was being taught, maybe I would have done well for myself too.
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
-
A lot of the top 5% of earners will be in the public sector. Crusty Corbyn has said that every public sector worker will get a 5% pay rise. Will the pay rise cover the tax increase or is he talking bollix as usual?
John McDonnell has said that his back of a fag packet figures are correct and the IFS knows f**k all. ;D
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
-
I believe that all benefits should be means tested, but testing them in that way is ludicrous.
-
I believe that all benefits should be means tested, but testing them in that way is ludicrous.
Agreed. I always said we shouldn't get CB, but that way was just unfair.
As an aside: We got a letter saying we could either give up the CB or pay the equivalent in income tax. We gave it up. A teacher at wifey's school just ignored the letter, and has just received a tax demand for £5,000.
-
The solution to that is to set up the household as a business. This gives the earner an element of self employment which requires a tax return. You then pay the stay at home parent an employee of the business and write off the cost of this against your tax return. Net result is you you should only be taxed against your net earnings rather than the gross. The premise being that you, as a family unit, are in business to provide for and maintain your household and children.
Stay at home parents aren't unemployed, it's just that they are not paid for the job they do. The government would do well to recognise this point.
-
In the States, everyone has to file a tax return regardless of whether they pay income tax directly from their wages.
Tax returns can be filed as household returns, Married Couple Filing Jointly iirc, which effectively halves the individual earnings/doubles allowances as it divides the household income between the couple.
I don't suppose that such a common sense approach exists here... ::)
-
I believe that all benefits should be means tested, but testing them in that way is ludicrous.
Agreed. I always said we shouldn't get CB, but that way was just unfair.
As an aside: We got a letter saying we could either give up the CB or pay the equivalent in income tax. We gave it up. A teacher at wifey's school just ignored the letter, and has just received a tax demand for £5,000.
I'm wondering when we might get a similar letter with regards to the state pension.
-
In the States, everyone has to file a tax return regardless of whether they pay income tax directly from their wages.
Tax returns can be filed as household returns, Married Couple Filing Jointly iirc, which effectively halves the individual earnings/doubles allowances as it divides the household income between the couple.
I don't suppose that such a common sense approach exists here... ::)
That is a very fair and progressive policy, but it will never happen here.
-
I hate the f*ucking taxman. He makes me pay tax on money I don't earn. I have spoken with them about this but they are far from friendly.....aggressive even. :-\
Big companies pay very little in tax. Amazon being an example who is above the law.
-
I hate the f*ucking taxman. He makes me pay tax on money I don't earn. I have spoken with them about this but they are far from friendly.....aggressive even. :-\
Big companies pay very little in tax. Amazon being an example who is above the law.
Unearned income attracts a very high level of tax. Few people know that tax is paid on profits from house sales, etc.
-
Gave up worrying about paying tax ages ago, what annoys me more is people who shy away from work & receive benefits from decent people who work & pay tax, as for earning £80,000 Prison Governor another possibility.
-
Gave up worrying about paying tax ages ago, what annoys me more is people who shy away from work & receive benefits from decent people who work & pay tax.
At least you're being paid to baby sit them, so you can appreciate the value for money...
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
Yes, I fully agree with that.
Obviously with a good accountant, there are ways around that by daddy paying mummy to be a child carer, which has the benefit of keeping mummys NI contributions up, so she isn't a frain on society later, but it depends on exploiting certain loopholes around expenses.
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
I think child benefit should be something for only those in deep trouble, and then, like all handouts, for a short period of time.
Live everything else in life, if a couple cant afford kids, don't have them. Winners all round.
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
That was unbelievable the way they did that with Child Benefit
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
I think child benefit should be something for only those in deep trouble, and then, like all handouts, for a short period of time.
Live everything else in life, if a couple cant afford kids, don't have them. Winners all round.
I think you will find that they would say it is their right. You pay for them to have children.
-
....
I think child benefit should be something for only those in deep trouble, and then, like all handouts, for a short period of time.
Live everything else in life, if a couple cant afford kids, don't have them. Winners all round.
Child benefit replaced a tax benefit that used to be given to the dad but changed so that mum got it instead
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
I think child benefit should be something for only those in deep trouble, and then, like all handouts, for a short period of time.
Live everything else in life, if a couple cant afford kids, don't have them. Winners all round.
That's a fair point... Why would a household with an £80k income require benefits? Or be entitled to them... ???
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
I think child benefit should be something for only those in deep trouble, and then, like all handouts, for a short period of time.
Live everything else in life, if a couple cant afford kids, don't have them. Winners all round.
That's a fair point... Why would a household with an £80k income require benefits? Or be entitled to them... ???
They're not.
-
That's alright then ;)
-
That's alright then ;)
No it's not, we're entitled ;D
-
That's alright then ;)
No it's not, we're entitled ;D
You can be as entitled as you like, it won't help any :D
-
.....
They're not.
if the household has an income of £80k split equally between mum & dad, then they are entitled to CB. But if one earns £50 they're not
-
.....
They're not.
if the household has an income of £80k split equally between mum & dad, then they are entitled to CB. But if one earns £50 they're not
Of course, I went completely off kilter there........again. ;D
No wonder with you lot being frivolous and messing about all the time.
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
Someone earning £40K+ can't see anything wrong in that. Someone earning <£40K can.
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
cos child benefit is a benefit in name only
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
Someone earning £40K+ can't see anything wrong in that. Someone earning <£40K can.
I don't earn anything like £40k, and have never claimed for anything.
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
cos child benefit is a benefit in name only
So why the entitled outrage? Should we have a Vigil? ::)
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
Someone earning £40K+ can't see anything wrong in that. Someone earning <£40K can.
I don't earn anything like £40k, and have never claimed for anything.
Ah.....but you're not entitled ::)
-
What bugs me is you could have a mum earning £40k and a Dad Earning £40k for a family bringing in £80k combined and that's fine. ???
Yet have Dad earning £80k and Mum being full time mummy and not working, this is not ok and "punish the rich" >:(
That's how we lost our child benefit in 2015. One earner over £50K, no CB. Two earners with £45K each can have it.
I think child benefit should be something for only those in deep trouble, and then, like all handouts, for a short period of time.
Live everything else in life, if a couple cant afford kids, don't have them. Winners all round.
Couldn't agree more. Family allowance originated at a time when the husband usually held the purse strings and might go out on the lash with his wages on Friday night and leave the wife and kids with no money for food. The wife at least had her family allowance to put some grub on the table.
Now its just part of the client state, where they buy votes by chucking other peoples money at people who feel entitled to receive it. Personal dignity and self reliance are alien concepts in parts of our society today, and that cant end in a good place.
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
cos child benefit is a benefit in name only
Yeah, it used to be a tax rebate for having kids instead of a benefit for having kids.
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
cos child benefit is a benefit in name only
So why the entitled outrage? Should we have a Vigil? ::)
who's enraged? ???
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
cos child benefit is a benefit in name only
So why the entitled outrage? Should we have a Vigil? ::)
who's enraged? ???
Not you, I was generalising about the entitled hoards ;)
-
But why is someone earning £40k entitled to any benefits in the first place? And why should they be?
cos child benefit is a benefit in name only
So why the entitled outrage? Should we have a Vigil? ::)
who's enraged? ???
Not you, I was generalising about the entitled hoards ;)
:y :y
-
This is another one I don't agree with: Just got a letter from the DWP informing me that my £200 winter fuel allowance will be in the bank before Christmas. I'd forgotten all about it, because I don't need it, and neither do at least half of pensioners, I'll wager.
Just the cost of sending the millions of letters out must cost a small fortune. I'm sure that money could be put to better use.
-
This is another one I don't agree with: Just got a letter from the DWP informing me that my £200 winter fuel allowance will be in the bank before Christmas. I'd forgotten all about it, because I don't need it, and neither do at least half of pensioners, I'll wager.
Just the cost of sending the millions of letters out must cost a small fortune. I'm sure that money could be put to better use.
Yep...absolutely correct.
I'm quite happy for ' hard up heat or eat coffin dodgers' to get this money, but as you so rightly say there are a shit load of wealthy pensioners out there who should not get this benefit.
-
.......or free prescriptions
........or free eye tests
..........or free travel
.........or a free TV licence
Benefits should be based on need not just because you have reached a certain age.
-
I think I read that means testing would cost more than the money saved.
Anyway it is a Tory vote winner. Keep the aged sweet
-
I think I read that means testing would cost more than the money saved.
Anyway it is a Tory vote winner. Keep the aged sweet
Yes.....the old tend to drag their arthritic corpse like bodies to the polling booth come rain or shine........and as you say, the majority probably vote Tory.
-
and will you be dragging your arthritic body out in 3 weeks time....... ;D
-
Doesn't matter if it would cost more. There is a very important principal involved. It needs to be done to change society back to an attitude of paying our own way in the world, unless we genuinely cant.
If we carry on in the current direction of travel we are in deep trouble. The situation is already financially unsustainable, but even the Tories are now in a position where they need to borrow money we shouldn't be borrowing, to give it to people who don't need it, just to try and stop the accusations of being uncaring, or face electoral oblivion.
-
and will you be dragging your arthritic body out in 3 weeks time....... ;D
Yes I will.
But I don't know if I should vote for dumb......dumber or dumbest.
The choice is not great. :-\
-
Voting for Comrade Terrorist will see us back into austerity territory before we leave the EU :-X
Although, credit where it's due, he has admitted to planning on borrowing all his spending...
-
and will you be dragging your arthritic body out in 3 weeks time....... ;D
Yes I will.
But I don't know if I should vote for dumb......dumber or dumbest.
The choice is not great. :-\
You are spot on there. We watched the various leader debates and concluded the same. I hope for the people of Britain you don't end up with yet another hung parliament after another like we have in Spain. All that happens is nothing except the debt getting larger.
-
.......or free prescriptions
........or free eye tests
..........or free travel
.........or a free TV licence
Benefits should be based on need not just because you have reached a certain age.
I agree, any benefit/handout should be for those that really, really need it, and for the shortest time possible.
The only exception is the state pension - though I think in todays world, that should be raised to, say, 45 years full NI contributions for men, maybe 5 years less for chicks, so they can have a maximum of 2 kids.
-
I think I read that means testing would cost more than the money saved.
Anyway it is a Tory vote winner. Keep the aged sweet
Yes.....the old tend to drag their arthritic corpse like bodies to the polling booth come rain or shine........and as you say, the majority probably vote Tory.
And they have to go at lunchtime or after work, when those with a job are having to go.
-
I think I read that means testing would cost more than the money saved.
Anyway it is a Tory vote winner. Keep the aged sweet
Yes.....the old tend to drag their arthritic corpse like bodies to the polling booth come rain or shine........and as you say, the majority probably vote Tory.
I know quite a few perfectly able bodied voters who now vote by post, lazy buggers. ;D
-
A system which is riddled with fraud and reduces us to something akin to an banana republic. It should be abolished and replaced with something close to a genuine voting system for people who cant get to a polling booth.
-
The only exception is the state pension - though I think in todays world, that should be raised to, say, 45 years full NI contributions for men, maybe 5 years less for chicks, so they can have a maximum of 2 kids.
Chicks are credited with 'free' NI contributions whilst they are claiming child benefit. Or in todays enlightened times, the bloke can stay at home and send the chick out to work so she pays NI, and he gets free NI credits. Obviously other LGBTQ combinations may also be possible ::) Different qualification rules for different genders would fall foul of Gender discrimination laws.
There has been a lot of fannying about with state pension qualification rules over the past 10 years, and a period of stability is required before people lose all faith in it - few understand how it works at the moment!
-
few understand how it works at the moment!
Fikked if I do, as I was opted out for a long time.
-
I was in, out, shake it all about in the past. Don't know if that's made things better or worse, but cant change it now, so no use fretting.
-
I was in, out, shake it all about in the past. Don't know if that's made things better or worse, but cant change it now, so no use fretting.
Well I've heard you can buy years, but when I rang 'em they said that wouldn't apply to me :-\
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
+1. I also stayed in SERPS which has made quite a difference on what my pension is. 8)
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
Yes, but for those of us not being given the unsustainable civil service pension, we need to be able to work out our state pension so we can adjust our DC pensions appropriately :(
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
Yes, but for those of us not being given the unsustainable civil service pension, we need to be able to work out our state pension so we can adjust our DC pensions appropriately :(
.
Don't know your age, but it is very simple to get a pension forecast on line it will inform you of everything relating to it NI payments etc.
-
Can't see much point in a pension, or being a pensioner. It's the thin end of the wedge.
The highlight of the day for most pensioners is to trudge around the garden centre finishing off with a nice cuppa in the cafe.
Other days are not so exciting as they sit in a state of depression watching Cash in the attic or Homes under the hammer.......from 2012. :-\
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
+1. I also stayed in SERPS which has made quite a difference on what my pension is. 8)
.
I was contracted out + I receive a civil service pension so my State Pension is reduced by approximately £42.00 per month .
-
Can't see much point in a pension, or being a pensioner. It's the thin end of the wedge.
The highlight of the day for most pensioners is to trudge around the garden centre finishing off with a nice cuppa in the cafe.
Other days are not so exciting as they sit in a state of depression watching Cash in the attic or Homes under the hammer.......from 2012. :-\
.
Not my idea of retirement 😎
-
Can't see much point in a pension, or being a pensioner. It's the thin end of the wedge.
The highlight of the day for most pensioners is to trudge around the garden centre finishing off with a nice cuppa in the cafe.
Other days are not so exciting as they sit in a state of depression watching Cash in the attic or Homes under the hammer.......from 2012. :-\
Ive been doing all of that for the last 5 years.
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
Yes, but for those of us not being given the unsustainable civil service pension, we need to be able to work out our state pension so we can adjust our DC pensions appropriately :(
.
Don't know your age, but it is very simple to get a pension forecast on line it will inform you of everything relating to it NI payments etc.
I actually rang them because my forecast gave an estimate of right now, but didn't tell me how many years I had NI contributions for (but I know, as its every year since I left school), but more importantly how many years I was contracted out (which reduces my state pension).
In my case, because I potentially have more working years paying NI without being contracted out, I might be able to claw back some of the years when I was contracted out. Hence I rang them. But the dickweed who answered was a civil servant, and unsurprisingly useless.
So I'm none the wiser really.
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
Yes, but for those of us not being given the unsustainable civil service pension, we need to be able to work out our state pension so we can adjust our DC pensions appropriately :(
.
Don't know your age, but it is very simple to get a pension forecast on line it will inform you of everything relating to it NI payments etc.
I actually rang them because my forecast gave an estimate of right now, but didn't tell me how many years I had NI contributions for (but I know, as its every year since I left school), but more importantly how many years I was contracted out (which reduces my state pension).
In my case, because I potentially have more working years paying NI without being contracted out, I might be able to claw back some of the years when I was contracted out. Hence I rang them. But the dickweed who answered was a civil servant, and unsurprisingly useless.
So I'm none the wiser really.
.
Do it on line it's there in black & white simple..
-
Can't see much point in a pension, or being a pensioner. It's the thin end of the wedge.
The highlight of the day for most pensioners is to trudge around the garden centre finishing off with a nice cuppa in the cafe.
Other days are not so exciting as they sit in a state of depression watching Cash in the attic or Homes under the hammer.......from 2012. :-\
You know they're from 2012 because.......?
You watch them ;D
-
I've never had any problems at all dealing with the DWP.
Or eBay. ;D
-
I've never had any problems at all dealing with the DWP.
Or eBay. ;D
.
Me neither 😃😄😆
-
Can't see much point in a pension, or being a pensioner. It's the thin end of the wedge.
The highlight of the day for most pensioners is to trudge around the garden centre finishing off with a nice cuppa in the cafe.
Other days are not so exciting as they sit in a state of depression watching Cash in the attic or Homes under the hammer.......from 2012. :-\
You know they're from 2012 because.......?
You watch them ;D
I'm too busy raising the standard on here to watch that shite........ ::)
-
I see that Labpurs manifesto has a pledge to recompense the WASPI’s . They are the women who were quickly changed from a state pension age of 60 to 66 or 67 . Born in the 50’s.
300,000 so cost anout £15,000 each ( 58 billion?)
In my view theyhave a valid claim.
-
I see that Labpurs manifesto has a pledge to recompense the WASPI’s . They are the women who were quickly changed from a state pension age of 60 to 66 or 67 . Born in the 50’s.
300,000 so cost anout £15,000 each ( 58 billion?)
In my view theyhave a valid claim.
Yes and it's OK as McDonnell will find that sort of cash down the back of the sofa! :)
-
300,000 so cost anout £15,000 each ( 58 billion?)
In my view they have a valid claim.
3 x 15 = 45 so 58 cannot be correct ::)
-
few understand how it works at the moment!
Fikked if I do, as I was opted out for a long time.
Obviously!
You did not opt out of the State Pension.
You were opted out of the additional state pension (SERPS) and only because your employer's pension guaranteed to the state that it would provide you at least the same or more than the state second pension would.
-
few understand how it works at the moment!
Fikked if I do, as I was opted out for a long time.
Obviously!
You did not opt out of the State Pension.
You were opted out of the additional state pension (SERPS) and only because your employer's pension guaranteed to the state that it would provide you at least the same or more than the state second pension would.
Good luck with that :-X
-
I see that Labpurs manifesto has a pledge to recompense the WASPI’s . They are the women who were quickly changed from a state pension age of 60 to 66 or 67 . Born in the 50’s.
300,000 so cost anout £15,000 each ( 58 billion?)
In my view theyhave a valid claim.
Yes and it's OK as McDonnell will find that sort of cash down the back of the sofa! :)
As Albs has mentioned earlier, he makes no bones about the fact that he will borrow it.
-
300,000 so cost anout £15,000 each ( 58 billion?)
In my view they have a valid claim.
3 x 15 = 45 so 58 cannot be correct ::)
Not my figures but maybe the difference is interest charge. Labour says they havent got the 58 billion but morally it should be paid.
-
Some of them will get up to £31,000. But for that to happen, Labour would have to win the election...........so don't hold your breath.
-
Labour are socialist misanthrops... ergo everything is entitled (as long as someone else pays for it) :-X
Ficking idiots as Stemo would say... :D
-
Labour are socialist misanthrops... ergo everything is entitled (as long as someone else pays for it) :-X
Ficking idiots as Stemo would say... :D
Oh....I think I'd say something a bit stronger than that. I might even break into Jaime territory. :)
-
Some of them will get up to £31,000. But for that to happen, Labour would have to win the election...........so don't hold your breath.
Not 300,000 but over 3 million. Oops
That might be 3 million votes for Labour unless people vote for principle rather than financial gain. We are the former but most people are the latter especially if struggling. Lot of folk on the poverty line
-
Labour are socialist misanthrops... ergo everything is entitled (as long as someone else pays for it) :-X
Ficking idiots as Stemo would say... :D
Oh....I think I'd say something a bit stronger than that. I might even break into Jaime territory. :)
What? Dickhead? ::)
-
I see that Labpurs manifesto has a pledge to recompense the WASPI’s . They are the women who were quickly changed from a state pension age of 60 to 66 or 67 . Born in the 50’s.
300,000 so cost anout £15,000 each ( 58 billion?)
In my view theyhave a valid claim.
Quickly? Most had 20+ years notice. The changes were introduced in 1995 due to sex discrimination laws, and didn't actually start to come into effect until 2010. The WASPI women are simply money grabbers who buried their heads in the sand and pretended the law didn't apply to them. Then woke up 20 years later with faux indignation that they'd somehow been diddled.
If there was a problem, it was the way the increase from 65 to 66 and 67 was introduced in 2010. This *WAS* too fast and the timescale did affect some of the same people affected by the 1995 changes. However, no-one had their state pension date increased by more than 18 months over what it would have been as a result of the 1995 changes.
The WASPI people demanding the right to retire at 60 for all women born in the 1950's are being unreasonable. What about men born in the 1950's? Or anyone born on Jan 1st 1960?
-
I was in, out, shake it all about in the past. Don't know if that's made things better or worse, but cant change it now, so no use fretting.
Well I've heard you can buy years, but when I rang 'em they said that wouldn't apply to me :-\
It all changed on April 6th 2016. Long story short - providing you have at least 8 working years after April 6th 2016 in which you have/will pay NI, and you end up with 40 or more years, then you will qualify for the maximum new state pension amount - currently £168.60 per week.
The money paid into your 'opted out' fund will be in addition to this. For the vast majority of people 'contracting out' of SERPS has turned out to be a very, very good idea - admittedly only realised in hindsight.
-
I see that Labpurs manifesto has a pledge to recompense the WASPI’s . They are the women who were quickly changed from a state pension age of 60 to 66 or 67 . Born in the 50’s.
300,000 so cost anout £15,000 each ( 58 billion?)
In my view theyhave a valid claim.
Looks like his nationalisation plans are already in trouble. SSE and National grid have already opened offshore holding companies just in case Labour win. He hasn't thought this through has he ?
https://www.bbc.co.uk/news/business-50536205
Yes and it's OK as McDonnell will find that sort of cash down the back of the sofa! :)
-
How on earth did they even get to Westminster? ???
-
Tribal loyalty and promising other peoples money to stupid selfish people. Same way they are hoping to get into govt.
-
I see that Labpurs manifesto has a pledge to recompense the WASPI’s . They are the women who were quickly changed from a state pension age of 60 to 66 or 67 . Born in the 50’s.
300,000 so cost anout £15,000 each ( 58 billion?)
In my view theyhave a valid claim.
Quickly? Most had 20+ years notice. The changes were introduced in 1995 due to sex discrimination laws, and didn't actually start to come into effect until 2010. The WASPI women are simply money grabbers who buried their heads in the sand and pretended the law didn't apply to them. Then woke up 20 years later with faux indignation that they'd somehow been diddled.
If there was a problem, it was the way the increase from 65 to 66 and 67 was introduced in 2010. This *WAS* too fast and the timescale did affect some of the same people affected by the 1995 changes. However, no-one had their state pension date increased by more than 18 months over what it would have been as a result of the 1995 changes.
The WASPI people demanding the right to retire at 60 for all women born in the 1950's are being unreasonable. What about men born in the 1950's? Or anyone born on Jan 1st 1960?
Discrimination? I didnt see men fighting the corner demanding equality with women i.e. state pension at 60. Wonder why?
These women who had plenty of time. No doubt they were all in well paid jobs earning the same as their male counterparts and could salt away the necessary money to make up the shortfall? Lets say six years without £150 a week . Rough estimate of £43,000 . Do you know anyone who could have done that even over your generous timescale?
At the end of the day , they are women i.e. second class citizens being blunt about it. Bit of a mistake me mentioning it on a male dominated car forum. I still think it will win votes.
-
Tribal loyalty and promising other peoples money to stupid selfish people. Same way they are hoping to get into govt.
I meant that their fiscal ability suggests a level of stupidity such that getting to the front door in the morning is an incredible achievement in its own right, let alone finding Westminster...
-
Discrimination? I didnt see men fighting the corner demanding equality with women i.e. state pension at 60. Wonder why?
Yes discrimination. Women fought to end discrimination, and the way the politicians chose to do that wrt the state pension was to raise the SP age to equal that of men at 65. Lowering it to 60 for men was not seriously considered, and would have been prohibitively expensive anyway. How can it be right for a woman to retire at 60 when a man born on exactly the same date doesn't get to retire till 65? Such a policy will end up in the courts with men demanding to be compensated in the same way as some of these entitled women.
These women who had plenty of time. No doubt they were all in well paid jobs earning the same as their male counterparts and could salt away the necessary money to make up the shortfall? Lets say six years without £150 a week . Rough estimate of £43,000 . Do you know anyone who could have done that even over your generous timescale?
They had at least 15 years to sort something out. The change wasn't cliff edge either. The maximum increase under the 1995 change was 5 years (from age 60 to 65), but full equilisation didn't occur till 2018, so those women had 23 years to sort out a 5 year increase in their retirement age. Their SP also wouldn't have been £150 - more like £126 which is the old basic rate - if they were in poorly paid jobs they wouldn't have had much/any SERPS. So at best they've lost £32760. Saving that over 23 years = £27p/w assuming no interest.
At the end of the day , they are women i.e. second class citizens being blunt about it. Bit of a mistake me mentioning it on a male dominated car forum. I still think it will win votes.
In this instance they are being treated exactly the same as men of the same age. I've no doubt that there are still cases of discrimination, but re-introducing a discrimitory policy for a subset of women (those born between 1st Jan 1950 and 31st Dec 1959) is never going to happen. Yes the policy will win votes from those who want to believe.
-
Fantastic.
I noted you didn't say you knew anyone who had either saved this £27 a week or didn’t as they probably needed every penny to exist. Good politicians answers. Not a Labour politician though.
The other point is one of demographics.
For young people, retirement is something in he dim future
Retired people, it has happened sois a donedeal
Only a small percentage of the population are at the near retirement age . These are the only group that might object to changes in retirement ages.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
-
Fantastic.
I noted you didn't say you knew anyone who had either saved this £27 a week or didn’t as they probably needed every penny to exist. Good politicians answers. Not a Labour politician though.
The other point is one of demographics.
For young people, retirement is something in he dim future
Retired people, it has happened sois a donedeal
Only a small percentage of the population are at the near retirement age . These are the only group that might object to changes in retirement ages.
Yes I do personally know people who adapted their plans to cover the 5 year increase in SP age - but why is that relevant to the rights and wrongs of the issue? For most it simply meant working a year or two longer. Just like you and I will have to - we won't get our SP till 67/68 incase you weren't aware.
The group that are moaning weren't 'near retirement age' when the changes were made either. They would have been in their mid 40's - remember no-one had less than 15 years to plan for it. They just chose to ignore it and hope it would go away. The policy was announced in the 1993 budget, and enacted in 1995 and came into force in 2010.
Your argument appears to be that two wrongs make a right? That 50's men should be discriminated against and not receive compensation when a woman born on the same day is? And the justification for this is that women have been discriminated against in other ways?
Also, the policy to compensate GRASPI women isn't in the Labour manifesto either. https://labour.org.uk/manifesto/ The closest it comes is a promise to "work with 50s' born women". The compensation thing appears to have been made up on the hoof by McDonald, and even he agreed it hadn't been costed or included in their 'grey book'.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Why do you think I have any knowledge of this? My view is all politicians are liars (and this lot are worse than most), and all manifesto pledges are at best a 'wish list' of things they would like to implement if circumstances permit (which they rarely do). Why don't you ask your prospective Conservative parliamentary candidate the question - he/she will be in a better position to answer it.
My guess would be that if it were to happen it would be over the course of the next parliament - so gradually over 5 years probably. I'm not sure what they've promised on national insurance though - NI is sort of linked to tax rates. Up to £50K you currently pay 20% tax and 12% NI, so a total of 32% tax. Above £50K it's 40% tax and 2% NI, so a total of 42%. The delta is therefore 'only' 10% not the 20% headline change in tax rate, so the change might only result in half the saving you might expect.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Why do you think I have any knowledge of this? My view is all politicians are liars (and this lot are worse than most), and all manifesto pledges are at best a 'wish list' of things they would like to implement if circumstances permit (which they rarely do). Why don't you ask your prospective Conservative parliamentary candidate the question - he/she will be in a better position to answer it.
My guess would be that if it were to happen it would be over the course of the next parliament - so gradually over 5 years probably. I'm not sure what they've promised on national insurance though - NI is sort of linked to tax rates. Up to £50K you currently pay 20% tax and 12% NI, so a total of 32% tax. Above £50K it's 40% tax and 2% NI, so a total of 42%. The delta is therefore 'only' 10% not the 20% headline change in tax rate, so the change might only result in half the saving you might expect.
You appear to know a fair bit about tax/finance, hence the question :y
Thanks, not considered the NI impact.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
That's been put on the back burner, so to speak. It's in the news reports.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
That's been put on the back burner, so to speak. It's in the news reports.
Damn :(
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
That's been put on the back burner, so to speak. It's in the news reports.
Damn :(
Yes, damn, but not really a vote winner.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Funny how Lawson managed to cut the higher threshold from 60% to 40% in one go ::) ::)
...... (late 80s :-\)
-
Fantastic.
I noted you didn't say you knew anyone who had either saved this £27 a week or didn’t as they probably needed every penny to exist. Good politicians answers. Not a Labour politician though.
The other point is one of demographics.
For young people, retirement is something in he dim future
Retired people, it has happened sois a donedeal
Only a small percentage of the population are at the near retirement age . These are the only group that might object to changes in retirement ages.
Yes I do personally know people who adapted their plans to cover the 5 year increase in SP age - but why is that relevant to the rights and wrongs of the issue? For most it simply meant working a year or two longer. Just like you and I will have to - we won't get our SP till 67/68 incase you weren't aware.
The group that are moaning weren't 'near retirement age' when the changes were made either. They would have been in their mid 40's - remember no-one had less than 15 years to plan for it. They just chose to ignore it and hope it would go away. The policy was announced in the 1993 budget, and enacted in 1995 and came into force in 2010.
Your argument appears to be that two wrongs make a right? That 50's men should be discriminated against and not receive compensation when a woman born on the same day is? And the justification for this is that women have been discriminated against in other ways?
Also, the policy to compensate GRASPI women isn't in the Labour manifesto either. https://labour.org.uk/manifesto/ The closest it comes is a promise to "work with 50s' born women". The compensation thing appears to have been made up on the hoof by McDonald, and even he agreed it hadn't been costed or included in their 'grey book'.
I never said 50’s men should be discriminated against.
I think we will just have to agree to disagree. We are poles apart on the subject.
-
I never said 50’s men should be discriminated against.
You may not have said it, but that IS the exact effect of the policy you appear to be supporting.
And what about 1940's, 1930's and 1920's men? Why shouldn't they be compensated for having to wait till 65 to collect their SP when the women of the same age got theirs at 60?
And what about me - why shouldn't I be compensated for my retirement age being increased by 2 years (due to the 2011 act) with 'only' 21 years notice (my SP date is currently 2032).
The GRASPI claim is bollux. The courts have ruled so, the Judicial review has ruled so, and any pension 'expert' you talk to will tell you so. Labour reopening that can of worms is just a cynical vote winning ploy that has no realistic chance of actually happening.
-
Exactly. They have announced this to try to bribe a particular group of the female population to vote for them. I have little doubt that once elected there would be some unfortunate, but very valid reason why they couldn't actually do it.
-
Exactly. They have announced this to try to bribe a particular group of the female population to vote for them. I have little doubt that once elected there would be some unfortunate, but very valid reason why they couldn't actually do it.
Or the rest of their policies. Regulating rented private property will never fly foe example. Still wont stop voters being enticed just like the empty promises in the other manifestoes
-
Exactly. They have announced this to try to bribe a particular group of the female population to vote for them. I have little doubt that once elected there would be some unfortunate, but very valid reason why they couldn't actually do it.
58 Billion reasons.
-
I reckon there's quite a few five percenters on here. ::)
-
I reckon there's quite a few five percenters on here. ::)
Aye, and they must shaking like a sh*tting dog ;D
-
I reckon there's quite a few five percenters on here. ::)
I don't think I should pay any tax whatsoever. Worse than piss poor my income.
Food bank here I come. :-\
-
....not that any of you wealthy f*uckers give a shit.
-
I reckon there's quite a few five percenters on here. ::)
I don't think I should pay any tax whatsoever. Worse than piss poor my income.
Food bank here I come. :-\
Yes, I remember you telling us how small your portfolio is. ::)
-
That wasn't his portfolio... :-X
-
That wasn't his portfolio... :-X
Oh! Well........I remember him telling us that something was small. Tiny, in fact.
-
Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.
Yes, but for those of us not being given the unsustainable civil service pension, we need to be able to work out our state pension so we can adjust our DC pensions appropriately :(
.
Don't know your age, but it is very simple to get a pension forecast on line it will inform you of everything relating to it NI payments etc.
I actually rang them because my forecast gave an estimate of right now, but didn't tell me how many years I had NI contributions for (but I know, as its every year since I left school), but more importantly how many years I was contracted out (which reduces my state pension).
In my case, because I potentially have more working years paying NI without being contracted out, I might be able to claw back some of the years when I was contracted out. Hence I rang them. But the dickweed who answered was a civil servant, and unsurprisingly useless.
So I'm none the wiser really.
.
Do it on line it's there in black & white simple..
I have and it isn't, hence calling them ;)
-
That wasn't his portfolio... :-X
Oh! Well........I remember him telling us that something was small. Tiny, in fact.
Worn away through decades of insertion into moist ladybits. :)
-
I was in, out, shake it all about in the past. Don't know if that's made things better or worse, but cant change it now, so no use fretting.
Well I've heard you can buy years, but when I rang 'em they said that wouldn't apply to me :-\
It all changed on April 6th 2016. Long story short - providing you have at least 8 working years after April 6th 2016 in which you have/will pay NI, and you end up with 40 or more years, then you will qualify for the maximum new state pension amount - currently £168.60 per week.
The money paid into your 'opted out' fund will be in addition to this. For the vast majority of people 'contracting out' of SERPS has turned out to be a very, very good idea - admittedly only realised in hindsight.
Thankyou for that. So to clarify in my head, if I started work Sep 1988, and was contracted out of SERPS, for a long period. I will get the full state pension if I work and pay NI until Sep 2028?
If I don't pay NI for any reason until then (assuming I stop work in 2028 or earlier), some pro rata calculation is made?
-
Yup ;)
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Tunnie,
Accept that as a high rate tax payer, you are classed as one of the rich people (as the country has run out of truly rich people and businesses), thus under the inevitable Labour government, you personally are expected to pay for the lame and lazy of society.
-
few understand how it works at the moment!
Fikked if I do, as I was opted out for a long time.
Obviously!
You did not opt out of the State Pension.
You were opted out of the additional state pension (SERPS) and only because your employer's pension guaranteed to the state that it would provide you at least the same or more than the state second pension would.
That may have been the case once, but then Brexit single handedly wiped out all my DC pensions. S that is, I'm afraid, poppycock.
-
Yup ;)
:) and :(
Pre the Brexit thing, liveable retirement at the age of 55 looked possible, but definitely not so now :(. Unless the investments shoot up, which every viable economist suggests is unlikely to happen in my lifetime...
But as I'll have to work for as long as possible, and my State Retirement Age is 68, I'll have plenty of time to make up those 8/9 years :)
-
Your biggest pension issue is starting out working for a nationalised company which was then privatised (sort of) and the subsequent bouncing around various third parties as your department gets reassigned...
Getting the house paid off and throwing every spare penny into a balanced selection of private investments should see you in a better place.
-
I have and it isn't, hence calling them ;)
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
If it shows you having £168.60 p/w (or more) then that's it - you have enough NI contributions already to max out what you can get under the new system. You will still have to pay NI if you're in paid employment, but your state pension amount will not increase (other than the yearly inflation linking).
If it shows less than £168.60 p/w then you can still add to it, up to £168.60. You will automatically add £4.80 to your current amount for every future year you work and pay NI. So (say) your current SP amount is shown as £100, then you will have to work/pay NI for another 14.29 years (£68.60/£4.80) to reach the full amount. Providing you expect to work enough years in the future to get to the maximum amount, there is no need to bother with paying for missing years. In my example, provided you are less than 52 and expect to work to 67 then you will build up to the full SP amount.
However, if you have large gaps in your NI record (swanning about the world on gap years, Winter seasons in the alps and sunning yourself in the West Indies in the Summer ;D) then you may not have enough working years left to build up to the full SP. In that case it can be worth buying back/filling in missing NI years. Choosing which years to buy is complex though, and it's often not worth buying post 2016 years.
-
and throwing every spare penny into a balanced selection of private investments should see you in a better place.
Current throwing everything at it, in order to get it back up, but I don't think even at that level I can make back the losses sustained :(
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
-
Depends where you're throwing it... a 'safe' pension plan probably won't cut it...
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
-
Depends where you're throwing it... a 'safe' pension plan probably won't cut it...
Its a pretty spread portfolio. Some is lower risk, some high, some in the middle. None are yet in safe options like bonds, but I soon should start considering moving some over to the safe stuff.
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
The same details cut and pasted in no longer work. Not even I can cock up cut&paste.
oppswits.
-
Bonds growth rates will tank as interest rates rise, so probably not the best move...
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
.
Neither have I , and I am useless on a computer , the ID only lasts a certain time & it's easy to obtain a new one next time you log in ..
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
.
Neither have I , and I am useless on a computer , the ID only lasts a certain time & it's easy to obtain a new one next time you log in ..
My ID remains the same but I do get a text with a code.
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
The same details cut and pasted in no longer work. Not even I can cock up cut&paste.
oppswits.
The links to create a brand new government ID take you to a page where you have to log in with your government ID.
;D How the fudge can you create an account if you don't have an account.
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
.
Neither have I , and I am useless on a computer , the ID only lasts a certain time & it's easy to obtain a new one next time you log in ..
My ID remains the same but I do get a text with a code.
Eh? Its a userid and password...
https://www.access.service.gov.uk/login/signin/creds
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
.
Neither have I , and I am useless on a computer , the ID only lasts a certain time & it's easy to obtain a new one next time you log in ..
My ID remains the same but I do get a text with a code.
.
Yes that's what I meant Stemo it's always worked perfectly for me & SWMBO.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Tunnie,
Accept that as a high rate tax payer, you are classed as one of the rich people (as the country has run out of truly rich people and businesses), thus under the inevitable Labour government, you personally are expected to pay for the lame and lazy of society.
Which is why I seriously hope and pray Boris gets a solid majority and Labour get no way near power.
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Tunnie,
Accept that as a high rate tax payer, you are classed as one of the rich people (as the country has run out of truly rich people and businesses), thus under the inevitable Labour government, you personally are expected to pay for the lame and lazy of society.
Which is why I seriously hope and pray Boris gets a solid majority and Labour get no way near power.
Well, straight away he has lost 48% of the vote (and probably a lot of the 52% as well, seeing as he has, by most peoples reckoning come up with a worse deal than Theresa May). So that depends how that splits between the other numpties...
-
Going through the process of creating a new one, as the password reset system claimed I didn't have an account.
Funny how I have it written down as "Government Gateway" and the ID is the same format as the new one. As said, knobjockeys.
-
Well, opps knows who the forecast was for that I got a week ago, as whoever that ID belonged to is getting a different state pension to me ;D. Shame the little shit shares my NI number ;). I still actually have the printout which has the NI number on it.
So I suspect the system is tosh. But then, I believe, HRMC outsource to Crapita? So all bets are off really.
Anyway, my forecast is £168.60, but I assume that is if I keep working to a set point, as I know I've currently only got 31 years of contributions. So all that hasn't really helped show where I am *NOW*
-
Errr, another quickie chaps....
My NI record shows 33 years. I know for a fact that I never paid NI on my part time job while I was at school. As nobody knew about it ;D
But for 2 years, whilst still at school, I have 52 weeks of NI credits each year?
Is that correct?
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Tunnie,
Accept that as a high rate tax payer, you are classed as one of the rich people (as the country has run out of truly rich people and businesses), thus under the inevitable Labour government, you personally are expected to pay for the lame and lazy of society.
Which is why I seriously hope and pray Boris gets a solid majority and Labour get no way near power.
Well, straight away he has lost 48% of the vote (and probably a lot of the 52% as well, seeing as he has, by most peoples reckoning come up with a worse deal than Theresa May). So that depends how that splits between the other numpties...
I think a bulk of the “48” have accepted the referendum and just want to get on with it all. If the 48% believed that strongly why are the Lib Dem’s so weak in the polls?
-
Log into your Government Gateway or whatever it's called this week, and look at the State Pensions page. It should tell you what you have currently built up.
LOL, it was only about a fortnight ago I last checked, now my (same, obviously) government id is invalid. And the reset option takes you to HMRC that just loops around in circles.
Civil Service, all knobjockeys >:(
Grrr
Shall I say it? :-\
I've never had any trouble with government gateway ;D
The same details cut and pasted in no longer work. Not even I can cock up cut&paste.
oppswits.
The links to create a brand new government ID take you to a page where you have to log in with your government ID.
;D How the fudge can you create an account if you don't have an account.
https://www.gov.uk/check-state-pension/sign-in/create-account?_ga=1044077677.1574710516
-
One for LC0112G as he appears in the know for these things....
From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?
Can't see them doing it in one hit? :-\
Tunnie,
Accept that as a high rate tax payer, you are classed as one of the rich people (as the country has run out of truly rich people and businesses), thus under the inevitable Labour government, you personally are expected to pay for the lame and lazy of society.
Which is why I seriously hope and pray Boris gets a solid majority and Labour get no way near power.
Well, straight away he has lost 48% of the vote (and probably a lot of the 52% as well, seeing as he has, by most peoples reckoning come up with a worse deal than Theresa May). So that depends how that splits between the other numpties...
I think a bulk of the “48” have accepted the referendum and just want to get on with it all. If the 48% believed that strongly why are the Lib Dem’s so weak in the polls?
They always traditionally are, as their policies never seem to click with people. I think the idea of a withdraw A50 was a desperate attempt to get a chunk of that 48%. If they are weak, be worried. As that means Labour are stronger. And we all know that a Labour government with Corbyn as PM will be a monumental disaster.
I don't think Boris appeals much to the man in the street any more, due to trust issues. Also, the people hanging out of Farage's backside don't like it because he has a deal on the table. The remainers don't like it because, well, he has a deal on the table.
Labour is currently promising just about everything to all but "the rich" (think of the higher rate tax payers, irrespective of whether £50k is a high income), and will piss it all up the wall on renationalising everything, before, in true civil service style, cocking it all up. Look at the mess of *any* civil service run pseudo company.
The kids love him because all tuition fees will go. The stupid majority love him because he will somehow save the NHS. The rural communities will love him because the nationalised BT/Sky/CityFibre/Vodafone/Gigaclear will provide 10Mbps to rural areas. Granted, Jews might not like him much.
Personally, I detest the man, and what he stands for.
-
Errr, another quickie chaps....
My NI record shows 33 years. I know for a fact that I never paid NI on my part time job while I was at school. As nobody knew about it ;D
But for 2 years, whilst still at school, I have 52 weeks of NI credits each year?
Is that correct?
Specifically, for the 2 years in question, it says this...
National Insurance credits: 52 weeks
These may have been added to your record if you were ill/disabled, unemployed, caring for someone full-time or on jury service.
-
I've always been ill in the head, but I was quite able and agile back then. Technically as far as HMRC was concerned I was unemployed because I was in full time education, so I don't think that counts. Carer? Nah. Jury Service, pretty certain you cant do that at 16. I certainly don't remember it, but alcohol, glues and other shit may make it all a bit hazy.
-
The Tories will win a majority. I'm so confident of it that if I'm wrong, I will drive to Dover, buy a dinghy and row it across the channel and escape to utopia (aka France).
-
Errr, another quickie chaps....
My NI record shows 33 years. I know for a fact that I never paid NI on my part time job while I was at school. As nobody knew about it ;D
But for 2 years, whilst still at school, I have 52 weeks of NI credits each year?
Is that correct?
Specifically, for the 2 years in question, it says this...
National Insurance credits: 52 weeks
These may have been added to your record if you were ill/disabled, unemployed, caring for someone full-time or on jury service.
Everyone gets credited for the two years that they were 17 and 18 and in full time education or training.
The 33/35 year think is only correct for people who commenced NI payments after 2016. You started before 2016 so chances are you won't need 33/35 years to achieve the £168 total. Infact, from what you're saying you are already there, and any future NI payments won't increase your SP.
-
Errr, another quickie chaps....
My NI record shows 33 years. I know for a fact that I never paid NI on my part time job while I was at school. As nobody knew about it ;D
But for 2 years, whilst still at school, I have 52 weeks of NI credits each year?
Is that correct?
Specifically, for the 2 years in question, it says this...
National Insurance credits: 52 weeks
These may have been added to your record if you were ill/disabled, unemployed, caring for someone full-time or on jury service.
Everyone gets credited for the two years that they were 17 and 18.
The 33/35 year think is only correct for people who commenced NI payments after 2016. You started before 2016 so chances are you won't need 33/35 years to achieve the £168 total. Infact, from what you're saying you are already there, and any future NI payments won't increase your SP.
.
Am I right in thinking that £168 is the maximum State Pension at the present moment in time ?
-
£168.60 p/w :)
-
Am I right in thinking that £168 is the maximum State Pension at the present moment in time ?
No.
When the system changed in 2016 if you had already built up an entitlement to more than £168 then you got to keep the old amount under the old rules. In theory it was possible to build up over £300 under the old BasicSP+SERPS calculations.
However, if you were under £168 back in 2016 then the maximum you can now get is £168.
It's also possible to defer taking your state pension. If you do that your pension is boosted by 5% for every year you defer. So deferring by 1 year gets you £176, two years gets you £184 etc.
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
-
Apparently if Corbyn gets in Mrs E will get £28,720 over 5 years as compensation for the changes to her retirement date ...
https://action.labour.org.uk/page/content/1950s-women
I won't hold my breath
:)
-
Although they will also confiscate your house as you don't really need it, and put you up in a one bed flat in a tower block. To each according to their need and all that other Marxist rhetoric.
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
If Comrade Corbyn gets in and they jack up fuel duty, you'll need it to keep the Rangie on the road! :)
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
If Comrade Corbyn gets in and they jack up fuel duty, you'll need it to keep the Rangie on the road! :)
.
Do you know I've never really bothered comparing fuel prices always using my local BP garage , however since buying the RR I've noticed that the 2 BP garages I pass on the days I go into work are 4 pence a litre cheaper than my local so I now refuel there, as my old Mum used to say"From the pennies come the pounds" Personally my own opinion is that Corbyn the terrorist loving bastard hasn't got a hope in hell.
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
If Comrade Corbyn gets in and they jack up fuel duty, you'll need it to keep the Rangie on the road! :)
.
Do you know I've never really bothered comparing fuel prices always using my local BP garage , however since buying the RR I've noticed that the 2 BP garages I pass on the days I go into work are 4 pence a litre cheaper than my local so I now refuel there, as my old Mum used to say"From the pennies come the pounds" Personally my own opinion is that Corbyn the terrorist loving bastard hasn't got a hope in hell.
I hope you are right Mick, but my facebook feed seems to have turned into a party political broadcast for the Labour party. So you never know.... :-\ ::)
-
Likewise .. I have a horrible feeling he's going to get in, maybe even with a majority. At that point, I better emigrate PDQ before he taxes me till my arsehole bleeds.
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
If Comrade Corbyn gets in and they jack up fuel duty, you'll need it to keep the Rangie on the road! :)
.
Do you know I've never really bothered comparing fuel prices always using my local BP garage , however since buying the RR I've noticed that the 2 BP garages I pass on the days I go into work are 4 pence a litre cheaper than my local so I now refuel there, as my old Mum used to say"From the pennies come the pounds" Personally my own opinion is that Corbyn the terrorist loving bastard hasn't got a hope in hell.
I hope you are right Mick, but my facebook feed seems to have turned into a party political broadcast for the Labour party. So you never know.... :-\ ::)
.
He needs taking out permanently.
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
If Comrade Corbyn gets in and they jack up fuel duty, you'll need it to keep the Rangie on the road! :)
.
Do you know I've never really bothered comparing fuel prices always using my local BP garage , however since buying the RR I've noticed that the 2 BP garages I pass on the days I go into work are 4 pence a litre cheaper than my local so I now refuel there, as my old Mum used to say"From the pennies come the pounds" Personally my own opinion is that Corbyn the terrorist loving bastard hasn't got a hope in hell.
I hope you are right Mick, but my facebook feed seems to have turned into a party political broadcast for the Labour party. So you never know.... :-\ ::)
That's because the intellectually challenged amongst us are actually believing his hype. Still don't think he's got a chance.
-
Yes got that thanks, there is an increase of just under 4 percent due in April 2020 so SWMBO has told me taking it to around £175.00 per week .
That is correct. We're rich.
.
Whatever will we spend it on ? 🍺🍺🍺🍺
If Comrade Corbyn gets in and they jack up fuel duty, you'll need it to keep the Rangie on the road! :)
.
Do you know I've never really bothered comparing fuel prices always using my local BP garage , however since buying the RR I've noticed that the 2 BP garages I pass on the days I go into work are 4 pence a litre cheaper than my local so I now refuel there, as my old Mum used to say"From the pennies come the pounds" Personally my own opinion is that Corbyn the terrorist loving bastard hasn't got a hope in hell.
I hope you are right Mick, but my facebook feed seems to have turned into a party political broadcast for the Labour party. So you never know.... :-\ ::)
That's because the intellectually challenged amongst us are actually believing his hype. Still don't think he's got a chance.
The amazing thing is that most of the people sharing all this shite on facebook, are the so called intelligent types, university graduates, people with good corporate jobs etc ::)
Although a friend did share a funny Momentum video of Piers Morgan (and Susanna Reid! :-*) eviscerating Nicky Morgan over the Tories claims that they will recruit 50,000 new nurses, where in fact they plan to retain 19,000 existing nurses, so it's 31,000 new nurses. She stubbornly insisted that it was 50,000 new nurses! ;D
-
It’s such a shame we have to vote for any of the corrupt elitist dopey never had a proper job f@ki#g moronic
pricks who have bastardised politics. Fk, I feel a rant coming on ::)
-
It’s such a shame we have to vote for any of the corrupt elitist dopey never had a proper job f@ki#g moronic
pricks who have bastardised politics. Fk, I feel a rant coming on ::)
I think it,s already here Rae. ;)
-
Errr, another quickie chaps....
My NI record shows 33 years. I know for a fact that I never paid NI on my part time job while I was at school. As nobody knew about it ;D
But for 2 years, whilst still at school, I have 52 weeks of NI credits each year?
Is that correct?
Specifically, for the 2 years in question, it says this...
National Insurance credits: 52 weeks
These may have been added to your record if you were ill/disabled, unemployed, caring for someone full-time or on jury service.
Everyone gets credited for the two years that they were 17 and 18 and in full time education or training.
The 33/35 year think is only correct for people who commenced NI payments after 2016. You started before 2016 so chances are you won't need 33/35 years to achieve the £168 total. Infact, from what you're saying you are already there, and any future NI payments won't increase your SP.
Thanks!
So no matter what I do, I cannot improve it, except by deferring.
Assuming I'm not working at 67, can I still defer? Is there any benefit, or just bank/invest it, all assuming I am comfortable on any potential drawdowns from one of the private ones?
-
Corbyn on Andrew Neil tonight.
-
Errr, another quickie chaps....
My NI record shows 33 years. I know for a fact that I never paid NI on my part time job while I was at school. As nobody knew about it ;D
But for 2 years, whilst still at school, I have 52 weeks of NI credits each year?
Is that correct?
Specifically, for the 2 years in question, it says this...
National Insurance credits: 52 weeks
These may have been added to your record if you were ill/disabled, unemployed, caring for someone full-time or on jury service.
Everyone gets credited for the two years that they were 17 and 18 and in full time education or training.
The 33/35 year think is only correct for people who commenced NI payments after 2016. You started before 2016 so chances are you won't need 33/35 years to achieve the £168 total. Infact, from what you're saying you are already there, and any future NI payments won't increase your SP.
Thanks!
So no matter what I do, I cannot improve it, except by deferring.
Assuming I'm not working at 67, can I still defer? Is there any benefit, or just bank/invest it, all assuming I am comfortable on any potential drawdowns from one of the private ones?
You can't defer it until you actually reach your SP age - 67 or 68 currently depending on your DoB. You don't have to be working at 67/68 to defer, and yes you can defer SP and drawdown from your private pensions at the same time. The deferral rate used to be 10%, which was incredibly good value, but was changed to 5% when the new SP was introduced in 2016. The 5% increase is as cast iron a guarantee as you'll find because it's backed by HMG. You can probably beat 5% with conventional investment returns, but these also carry risk - you could lose the lot should an investment go bad. You can't lose your SP (Marxist governments or global apocalypse excepted).
The biggest risk with deferral is probably death. You have to live long enough collecting your enhanced SP to claim the money that you would have got if you hadn't deferred. There are also tax implications. Despite what most people think the SP is taxed - they just reduce your personal allowance (tax code) by the amount of your SP. That means you pay more tax on any other private pensions you have. Deferring SP can allow you to drawdown more of your private pensions paying less tax in the 55->70 age range and then when you start taking your SP it's 15% bigger than it would have been, with no investment risk.