keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Feb 4, 2023 12:11:51 GMT
Have a friend who is currently on benefits, She's been complaining that because certain benefits stop once you take your state pension she will be worse off.
She rang me this morning and said she's seen that you can delay taking state pension, and that if she does she will get a bigger pension.
please tell me it aint true that by claiming benefit A instead of your state pension your state pension will increase, that just seems totally ridiculous
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Post by Badly Drawn Stickman on Feb 4, 2023 12:17:33 GMT
Have a friend who is currently on benefits, She's been complaining that because certain benefits stop once you take your state pension she will be worse off. She rang me this morning and said she's seen that you can delay taking state pension, and that if she does she will get a bigger pension. please tell me it aint true that by claiming benefit A instead of your state pension your state pension will increase, that just seems totally ridiculous You really should change your circle of friends, the current batch all seem to be somewhat dubious. People might start to think birds of a feather and all that.......
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Post by bernythedolt on Feb 4, 2023 12:52:05 GMT
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Post by bernythedolt on Feb 4, 2023 13:43:44 GMT
Have a friend who is currently on benefits, She's been complaining that because certain benefits stop once you take your state pension she will be worse off. She rang me this morning and said she's seen that you can delay taking state pension, and that if she does she will get a bigger pension. please tell me it aint true that by claiming benefit A instead of your state pension your state pension will increase, that just seems totally ridiculous You really should change your circle of friends, the current batch all seem to be somewhat dubious. People might start to think birds of a feather and all that....... You can't escape it in Wales. Not when disability magically shot up by a staggering 42% in just 6 years (England 11% over the same 2013-2019 period). And that's before they all come forward suffering with long covid... See graph at para 30: publications.parliament.uk/pa/cm5802/cmselect/cmwelaf/337/report.html![]()
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Feb 4, 2023 15:13:26 GMT
Rich people find tax loopholes, poorer people find benefit loopholes, just us slobs in the middle who can't dodge.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Feb 4, 2023 15:36:44 GMT
There is an estate in Merthyr Tydfil, where at one point over 40% of adults were in receipt of disability benefits ( PIP DLA etc )
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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 Feb 9, 2023 13:17:30 GMT
Talking to her this morning, and she is annoyed that the DWP have told her that the benefits she receives will stop when she reaches state pension age, and that if she does delay taking her pension then the extra she gets from the pension would reduce her entitlement to other means tested benefits.
Which to be honest seems perfectly fair to me.
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hazellend
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Post by hazellend on Feb 10, 2023 13:49:52 GMT
You don’t get extra for delaying your state pension. It’s just an actuarial increase to account for the fact you will take it for fewer years. It used to be 10% but now it’s a neutral 5%. That’s my understanding anyway
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Likes: 2,321
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Post by keitha on Feb 10, 2023 14:13:56 GMT
You don’t get extra for delaying your state pension. It’s just an actuarial increase to account for the fact you will take it for fewer years. It used to be 10% but now it’s a neutral 5%. That’s my understanding anyway yes so you receive more each week. some actuarial calculations are very odd the reduction to my pension for taking it 7 years early was under 10% Let's say I live to 86 and my pension was 10,000 taking it at 66 would mean me drawing £200,000 drawing it at 59 means I would draw £243,000 now I know that inflation will have an impact, but my pension has gone up by 10% over the last 4 years ( and I'm due a rise in April ) those still working have had 2% or in the case of some -8% as management imposed a 10% salary cut during COVID and have never restored it.
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