littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Oct 13, 2022 10:26:26 GMT
Returning to the OP, I've said before that I support better targeting of the state pension. More generous pensions for those that need them, with a claw back from those that don't, would be an improvement on the present system. Tax at up to 60% already claws back a lot. Over half of it for some of us.
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Post by bernythedolt on Oct 13, 2022 11:14:12 GMT
the [state] pension is linked to the number of years [NI] contributions and it has long been possible to make voluntary contributions to buy extra years (as we have done). That's a very good point. My wife and I have done the same thing. Voluntarily paid around £6,000 extra NI contributions in order to boost our state pensions to the full extent possible in our cases. We considered it the prudent thing to do, as have thousands of others, to look to the future. It would be a perverse logic, and profoundly wrong, for any political party to take the fact that we could afford that contribution to mean that we no longer deserve the benefit that we purchased with it. The same is true, in spades, for my occupational pension. I went without my Ferrari and instead paid over £120k extra voluntarily to boost my occupational pension to something more liveable. To penalise that prudence by now reducing my state pension would again be profoundly unjust.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,889
Likes: 2,321
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Post by keitha on Oct 13, 2022 12:38:29 GMT
Nope never got to Scotland , made lake district a few times. Wales never thank god. Been up north a fair bit , ps north starts just below Bristol and anything above the M4 is deepest darkest north, coal mines, wippets and clogs, scarey stuff. I went to the USA and Canada in about 1975 for 3 months, but the wife was about 6 or 7 then and we had not met yet. I find it deeply sad that somebody should be proud of such limited experiences and outlook, tbh. i took it as sarcastic
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,889
Likes: 2,321
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Post by keitha on Oct 13, 2022 12:47:54 GMT
One think that needs to stop is Voluntary Class 2 for self employed, and I have to admit to exploiting it with my small business
Voluntary NI (Class 2) is £3.15 per week so £164 a year. But each year I pay that for gets me £4 a week on my pension.
So lets say I pay in for 3 more years that's just under £500 in total, but I will get £600 a year every year back. It's a no brainer to pay it, what other investment gives 120% return every year.
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