Other Stuff > Misc / Open
What's the next part where the price will go through the roof?
heli_madken:
--- Quote from: McCabe-Thiele (Ted) on February 20, 2022, 10:09:32 PM ---
--- Quote from: Oddjob on February 20, 2022, 06:48:13 PM ---I always wondered why someone didn't sue the Government for breach of Contract, they made a contract with everyone to pay pension at 65 or 60 if you were a woman, yet they broke that contract and no one said a thing.
I had to work an extra year because I missed the cutoff date by a few months, cost me another year of NI contributions and a loss of £176 a month in pension payments.
Also we were still in the EU when this happened, so they were supposed to conform to EU guidelines on pension age yet they ignored all that. They retire much earlier in France for instance.
--- End quote ---
Wendy had to work another 6 years her pension age moved from 60 to 66 as she was born in 1954.
--- End quote ---
What annoys me about this is it does not save the government any money, by forcing the older generation to work longer in key sectors you are making younger people unemployed, so what you save in pension payments you lose in unemployment benefits
Oddjob:
--- Quote from: McCabe-Thiele (Ted) on February 20, 2022, 10:09:32 PM ---
--- Quote from: Oddjob on February 20, 2022, 06:48:13 PM ---I always wondered why someone didn't sue the Government for breach of Contract, they made a contract with everyone to pay pension at 65 or 60 if you were a woman, yet they broke that contract and no one said a thing.
I had to work an extra year because I missed the cutoff date by a few months, cost me another year of NI contributions and a loss of £176 a month in pension payments.
Also we were still in the EU when this happened, so they were supposed to conform to EU guidelines on pension age yet they ignored all that. They retire much earlier in France for instance.
--- End quote ---
Wendy had to work another 6 years her pension age moved from 60 to 66 as she was born in 1954.
--- End quote ---
Ted, my missus is due to retire next year after working all her life except for maternity leave. How much is a wife's pension these days per month when they are fully stamped up. She doesn't know anyone to ask who's older than her who's got full contributions in.
SteveD CB500K0:
£137.60 per week as long as you have 30 years of contributions.
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AshimotoK0:
--- Quote from: SteveD CB500K0 on March 05, 2022, 06:54:00 AM ---£137.60 per week as long as you have 30 years of contributions.
Sent from my iPhone using Tapatalk
--- End quote ---
I think it's more complicated than that Steve. I had 41 years of contributions but 'cos I only paid half of my class 2 NIC's one year :-[ when I was working solely for myself I get slightly less than the full amount :(
Sesman:
Government website will tell you. The new state pension is £179, which is much less than what you would have got under the old schem where all your SERPS and SP2 counted, typically resulting in say £1000 per month instead of the £750 you will now get. Basically the Government has picked your pockets and without protest.
The website can provide your full NI records and a contracted out discount calculation (COD) if it applies to you. They got mine wrong by the way and corrected it.
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