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For all us Pensioners
Labour ain’t for us, adviser attacking the triple lock
Economist and Labour adviser Jim O'Neill said the "constant protection of pensioners" was "ludicrous".
Sinai is now defending it, after the mistake he made last year.
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Re: For all us Pensioners
Judging by the way my workplace pension funds are being decimated I certainly know the Tories aren’t for pensioners.
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Re: For all us Pensioners
Quote:
Originally Posted by
Pearcey3
Judging by the way my workplace pension funds are being decimated I certainly know the Tories aren’t for pensioners.
It's a numbers game, and there isn't enough money in the pot to pay for the Boomer generation pensions. (There are too many of them).
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Re: For all us Pensioners
Well it is plainly ludicrous. Being Old /= Being Poor.
Strategically it seem a weird one too. The pensioner vote is a wrung out sponge, they all vote already and the majority vote Tory. The ones that don't, ain't ever changing now.
Reinstating the triple lock whilst working people get told to put up and shut up will almost certainly lose them votes in every other group.
They must have done the maths but it looks like political suicide to me.
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Re: For all us Pensioners
Quote:
Originally Posted by
Pearcey3
Judging by the way my workplace pension funds are being decimated I certainly know the Tories aren’t for pensioners.
I agree completely. Jim O'Neill is just an advisor to Labour, he's a Tory through and through and served as a minister under George Osborne.
I think most people understand many pensioners have no other source of income so I think it fair that they should receive special treatment. However, I think it also fair to ask why the giveaway is not means tested because many pensioners have other incomes and are often obtaining more than working people in pension benefits. I think it fair to suggest that the increase should be on a sliding scale with the most needy getting the largest payouts and some getting nothing at all.
I also cannot think of one good reason why people on benefits should not receive the same financial protection.
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Re: For all us Pensioners
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Originally Posted by
Dorcus
I agree completely. Jim O'Neill is just an advisor to Labour, he's a Tory through and through and served as a minister under George Osborne.
I think most people understand many pensioners have no other source of income so I think it fair that they should receive special treatment. However, I think it also fair to ask why the giveaway is not means tested because many pensioners have other incomes and are often obtaining more than working people in pension benefits. I think it fair to suggest that the increase should be on a sliding scale with the most needy getting the largest payouts and some getting nothing at all.
I also cannot think of one good reason why people on benefits should not receive the same financial protection.
Absolutely!
Though there's bound to be some peoiple who will say it will encourage them to stay on benefits forever.
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Re: For all us Pensioners
Both parties hate pensioners ..you are the dead battery that keeps on taking.
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Re: For all us Pensioners
Couple of thoughts on this:
People who are now pensioners mostly paid their NI to pay for their state pensions
There’s tax on pensions - this shocked me when I found out. You pay tax and NI all your working life to then pay tax on your pension!
No I’m not a pensioner, but my mum is and believe me her pension doesn’t get anywhere near the cost of her nursing home!
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Re: For all us Pensioners
Quote:
Originally Posted by
bluesp
Couple of thoughts on this:
People who are now pensioners mostly paid their NI to pay for their state pensions
There’s tax on pensions - this shocked me when I found out. You pay tax and NI all your working life to then pay tax on your pension!
No I’m not a pensioner, but my mum is and believe me her pension doesn’t get anywhere near the cost of her nursing home!
Yes i only found out this year i i get taxed on my pension.Pay tax all your working life and then some more.
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Re: For all us Pensioners
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Originally Posted by
jeepster
Yes i only found out this year i i get taxed on my pension.Pay tax all your working life and then some more.
Still haven’t got my head round it
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Re: For all us Pensioners
Pensioners voting tory I find it hilarious 😂
They still think we are fighting a war
My old man never voted tory though , he thought the tories were all xxxxs
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Re: For all us Pensioners
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Originally Posted by
Eric Cartman
Well it is plainly ludicrous. Being Old /= Being Poor.
Strategically it seem a weird one too. The pensioner vote is a wrung out sponge, they all vote already and the majority vote Tory. The ones that don't, ain't ever changing now.
Reinstating the triple lock whilst working people get told to put up and shut up will almost certainly lose them votes in every other group.
They must have done the maths but it looks like political suicide to me.
Of course it's ludicrous
Same as universal child benefit
Utterly stupid
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Re: For all us Pensioners
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Originally Posted by
jeepster
Yes i only found out this year i i get taxed on my pension. Pay tax all your working life and then some more.
I knew that both my state and local authority pensions were taxed by UK government but only recently discovered that what I transfer to the U.S is also taxed here as well. More paperwork on it's way to take advantage of reciprocal agreements most western countries have these days to avoid their nationals getting penalised with double taxation.
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Re: For all us Pensioners
Wow people don't know that pension income is taxable?
It blows my mind, yes a pension is income just like salary, even state pension is taxable, obviously if above the tax threasholds.
You can usually have a tax free lump sum or take a proportion of your pension tax free, with personal pensions usually 25%, the rest is treated as taxable income.
Don't forget the goverment gave tax relief on the contributions in the frst place.
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Re: For all us Pensioners
Quote:
Originally Posted by
Eric Cartman
Well it is plainly ludicrous. Being Old /= Being Poor.
Strategically it seem a weird one too. The pensioner vote is a wrung out sponge, they all vote already and the majority vote Tory. The ones that don't, ain't ever changing now.
Reinstating the triple lock whilst working people get told to put up and shut up will almost certainly lose them votes in every other group.
They must have done the maths but it looks like political suicide to me.
All working people are future pensioners in the making. Why wouldn't they support measures to guarantee their future increases in earnings ? Unless they are short sighted, whinging Socialists of course.
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Re: For all us Pensioners
Quote:
Originally Posted by
bluesp
Couple of thoughts on this:
People who are now pensioners mostly paid their NI to pay for their state pensions
There’s tax on pensions - this shocked me when I found out. You pay tax and NI all your working life to then pay tax on your pension!
No I’m not a pensioner, but my mum is and believe me her pension doesn’t get anywhere near the cost of her nursing home!
Could that not be more to do with the exorbitant fees care homes charge ? Not far short of £900 a week in some cases. Are you advocating that state pensions should be increased to £50000+ per year ?
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Re: For all us Pensioners
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Originally Posted by
dml1954
All working people are future pensioners in the making. Why wouldn't they support measures to guarantee their future increases in earnings ? Unless they are short sighted, whinging Socialists of course.
I am pretty sure the ponzi relies on me dying before I claim my pension.
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Re: For all us Pensioners
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Originally Posted by
dml1954
Could that not be more to do with the exorbitant fees care homes charge ? Not far short of £900 a week in some cases. Are you advocating that state pensions should be increased to £50000+ per year ?
People who own care homes ?
Selfish tory voters ?
Almost all of them , no doubt about it
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Re: For all us Pensioners
Quote:
Originally Posted by
Cleve van Leef
Labour ain’t for us, adviser attacking the triple lock
Economist and Labour adviser Jim O'Neill said the "constant protection of pensioners" was "ludicrous".
Sinai is now defending it, after the mistake he made last year.
Is this the same Jim O’Neill, the former Goldman Sachs chief economist who served as a minister under George Osborne, said it was “crazy” to protect pensioner incomes while younger people’s wages were being eroded by the highest inflation rates for 40 years.
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Re: For all us Pensioners
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Originally Posted by
dandywarhol
Is this the same Jim O’Neill, the former Goldman Sachs chief economist who served as a minister under George Osborne, said it was “crazy” to protect pensioner incomes while younger people’s wages were being eroded by the highest inflation rates for 40 years.
No that was someone else
But they look the same
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Re: For all us Pensioners
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Originally Posted by
SLUDGE FACTORY
Of course it's ludicrous
Same as universal child benefit
Utterly stupid
And universal Winter Fuel Payment. The Beeb produced an article some years back which reckoned only 400 out of the 12M eligible declined the payment - 1 in every 30 thousand. Of course, vast numbers of those were loaded Tory voters, I.e. grasping creatures.
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Re: For all us Pensioners
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Originally Posted by
SLUDGE FACTORY
No that was someone else
But they look the same
Twins
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Re: For all us Pensioners
Quote:
Originally Posted by
Dorcus
I agree completely. Jim O'Neill is just an advisor to Labour, he's a Tory through and through and served as a minister under George Osborne.
I think most people understand many pensioners have no other source of income so I think it fair that they should receive special treatment. However, I think it also fair to ask why the giveaway is not means tested because many pensioners have other incomes and are often obtaining more than working people in pension benefits. I think it fair to suggest that the increase should be on a sliding scale with the most needy getting the largest payouts and some getting nothing at all.
I also cannot think of one good reason why people on benefits should not receive the same financial protection.
The politics of envy rears its ugly head again. Penalise hard working people who have paid their National Insurance in full all their working lives, many at higher rates and have had the foresight to save, or pay in to private pension plans as well, to help in their retirement years are told ‘sorry you cant have any state pension because we have to give it all to people who couldn't be even bothered getting a job or haven't contributed anything into the scheme or didn't bother to have the foresight to think ahead and save a bit’. Spongers charter I would call it. Anyone who introduced a stupid scheme like that wouldn't last five minutes.
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Re: For all us Pensioners
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Originally Posted by
dml1954
The politics of envy rears its ugly head again. Penalise hard working people who have paid their National Insurance in full all their working lives, many at higher rates and have had the foresight to save, or pay in to private pension plans as well, to help in their retirement years are told ‘sorry you cant have any state pension because we have to give it all to people who couldn't be even bothered getting a job or haven't contributed anything into the scheme or didn't bother to have the foresight to think ahead and save a bit’. Spongers charter I would call it. Anyone who introduced a stupid scheme like that wouldn't last five minutes.
So working class people who don't get high wages and don't get to save very much and people with disabilities who rely on benefits ........scum
Your kind .......hardworking !
You soppy ponce
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Re: For all us Pensioners
Quote:
Originally Posted by
dml1954
The politics of envy rears its ugly head again. Penalise hard working people who have paid their National Insurance in full all their working lives, many at higher rates and have had the foresight to save, or pay in to private pension plans as well, to help in their retirement years are told ‘sorry you cant have any state pension because we have to give it all to people who couldn't be even bothered getting a job or haven't contributed anything into the scheme or didn't bother to have the foresight to think ahead and save a bit’. Spongers charter I would call it. Anyone who introduced a stupid scheme like that wouldn't last five minutes.
You haven't got a state pension because people like you have got no balls.In France they took to the streets.Not a ****ing wimper in this country.For every year the Tories have took off the pension age for someone who has paid full N.I that's a loss of £185.15 a week.For a bloke whose pension age is 67 that's a loss of £19240 and a woman £67340.It's mega bucks.Still I'm sure your better off under the Tories.
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Re: For all us Pensioners
Quote:
Originally Posted by
dml1954
The politics of envy rears its ugly head again. Penalise hard working people who have paid their National Insurance in full all their working lives, many at higher rates and have had the foresight to save, or pay in to private pension plans as well, to help in their retirement years are told ‘sorry you cant have any state pension because we have to give it all to people who couldn't be even bothered getting a job or haven't contributed anything into the scheme or didn't bother to have the foresight to think ahead and save a bit’. Spongers charter I would call it. Anyone who introduced a stupid scheme like that wouldn't last five minutes.
Hardly the politics of envy. It's the politics of looking after the most needy and good husbandry to boot!
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Re: For all us Pensioners
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Originally Posted by
dandywarhol
You haven't got a state pension because people like you have got no balls.In France they took to the streets.Not a ****ing wimper in this country.For every year the Tories have took off the pension age for someone who has paid full N.I that's a loss of £185.15 a week.For a bloke whose pension age is 67 that's a loss of £19240 and a woman £67340.It's mega bucks.Still I'm sure your better off under the Tories.
We are soft
As you say the French would be toe to toe with the crs riot police
Here the rich sit by whilst everyone else scraps for the bits in a race for the bottom
Train drivers being called scum by builders
Unbelievable
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Re: For all us Pensioners
Quote:
Originally Posted by
dml1954
Could that not be more to do with the exorbitant fees care homes charge ? Not far short of £900 a week in some cases. Are you advocating that state pensions should be increased to £50000+ per year ?
I still know the majority of the people I went to school with & the richest by far is a guy that owns 3 care homes. He’s a multi-millionaire, home in the south of France, big yacht that he sails the Med. in, and an ex-Labour councillor.
My nephews wife worked for him for a while. Minimum pay & maximise the income from the residents.
Getting fed up of this myth that all pensioners are Tories, load of bollox. When people turn 65 they suddenly change allegiance?
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Re: For all us Pensioners
As someone who had been paid the state pension since February, I find it hard to come up with reasons to justify the triple lock in the circumstances the country finds itself in. Having spent the time since I moved up here in March 2018 existing on virtually no savings, a works pension and the generosity of those who are patrons of my blog (my total income per annum meant that I had to pay a small amount of income tax each year), I am now able to save a fairly substantial amount every month which should enable me to make the whole house habitable rather than the three quarters of it I've been living in.
it's a bugger that my works pension has been cut by about £100 a month since I've become eligible for the state pension, but, although I'm hardly living in the lap of luxury and the amount I save each month will almost certainly drop in the autumn when the next round of energy price increases kick in, I don't think I need the sort of pension increase the triple lock will bring in.
I appreciate that there will be hundreds of thousands, if not millions, of pensioners who will need the triple lock increase come the winter, but if there were a scheme whereby people could decline it on an individual basis, I would do so this time, because I think it's wrong to give all pensioners the sort of preferential treatment that the triple lock boils down to in reality.
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Re: For all us Pensioners
Chickens coming home to roost for pensioners, working people have had wages decimated over the past 12 years, older people continue to vote for this, so why shouldn't they do their part as well?
If it were up to me I'd vastly improve state pensions as we have one of the lowest in the developed world, older people would call me a communist or Marxist for that though.
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Re: For all us Pensioners
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Originally Posted by
the other bob wilson
As someone who had been paid the state pension since February, I find it hard to come up with reasons to justify the triple lock in the circumstances the country finds itself in. Having spent the time since I moved up here in March 2018 existing on virtually no savings, a works pension and the generosity of those who are patrons of my blog (my total income per annum meant that I had to pay a small amount of income tax each year), I am now able to save a fairly substantial amount every month which should enable me to make the whole house habitable rather than the three quarters of it I've been living in.
it's a bugger that my works pension has been cut by about £100 a month since I've become eligible for the state pension, but, although I'm hardly living in the lap of luxury and the amount I save each month will almost certainly drop in the autumn when the next round of energy price increases kick in, I don't think I need the sort of pension increase the triple lock will bring in.
I appreciate that there will be hundreds of thousands, if not millions, of pensioners who will need the triple lock increase come the winter, but if there were a scheme whereby people could decline it on an individual basis, I would do so this time, because I think it's wrong to give all pensioners the sort of preferential treatment that the triple lock boils down to in reality.
Why has your occupational been cut, TOBW?
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Re: For all us Pensioners
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Originally Posted by
Taunton Blue Genie
Why has your occupational been cut, TOBW?
Pensioners who have been receiving their private/ occ pensions and been living off this may not be above the tax threshold.
Start receiving State Pension then this is taxable income. They then go over the threshold.They dont take the tax off the SP they deduct it from the private pension.
I presume this has what has happened with Bob.
Its certainly the case with loads who have retired early on a private pension then inherit a State Pension.
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Re: For all us Pensioners
I can't stand these daily mail types in nice houses who say .......I have worked hard all my life ! ........as if cleaners , care workers and shop workers have sat on their arses ?
Brass neck of people like that , three holidays a year , private pension , private health care.......
But some poor sod with a knackered back after working on the refuge in the old days .......oh he's workshy ! A week with his wife in Porthcawl ? ........how did he afford that !
Curtain twitching tory bastards
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Re: For all us Pensioners
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Originally Posted by
SLUDGE FACTORY
I can't stand these daily mail types in nice houses who say .......I have worked hard all my life ! ........as if cleaners , care workers and shop workers have sat on their arses ?
Brass neck of people like that , three holidays a year , private pension , private health care.......
But some poor sod with a knackered back after working on the refuge in the old days .......oh he's workshy ! A week with his wife in Porthcawl ? ........how did he afford that !
Curtain twitching tory bastards
Are you Scargills lovechild by any chance. You're the biggest commy tw8t on here
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Re: For all us Pensioners
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Originally Posted by
Hilts
Pensioners who have been receiving their private/ occ pensions and been living off this may not be above the tax threshold.
Start receiving State Pension then this is taxable income. They then go over the threshold.They dont take the tax off the SP they deduct it from the private pension.
I presume this has what has happened with Bob.
Its certainly the case with loads who have retired early on a private pension then inherit a State Pension.
I am familiar with the situation regarding how income tax is applied when one has both a state and occupational pension but TOBW mentioned a 'cut' in his occupational pension rather than it now being subject to tax. Maybe it's just his wording, as you suggest.
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Re: For all us Pensioners
Quote:
Originally Posted by
SLUDGE FACTORY
I can't stand these daily mail types in nice houses who say .......I have worked hard all my life ! ........as if cleaners , care workers and shop workers have sat on their arses ?
Brass neck of people like that , three holidays a year , private pension , private health care.......
But some poor sod with a knackered back after working on the refuge in the old days .......oh he's workshy ! A week with his wife in Porthcawl ? ........how did he afford that !
Curtain twitching tory bastards
That is blatent envy, some people will do better than you, some will be worse off, just get on with your life do the best you can for you and your family, someone will always have more, we all get the same opportunaties, some people will always make more of them or make better financial decisions.
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Re: For all us Pensioners
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Originally Posted by
Taunton Blue Genie
I am familiar with the situation regarding how income tax is applied when one has both a state and occupational pension but TOBW mentioned a 'cut' in his occupational pension rather than it now being subject to tax. Maybe it's just his wording, as you suggest.
No, I got my full Civil Service pension for February and March, but it dropped by about £95 from April. I don't get any sort of breakdown of my Civil Service pension on a monthly basis, so don't know for sure what's happening, but I suspect that, whereas I had filed my own tax returns (including 21/22) for the years when I was just receiving the Civil Service pension and the money from the blog patrons, they're now taking tax off me, so, yes, "cut" wasn't the right word to use - assuming that I'm right in my thinking.
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Re: For all us Pensioners
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Originally Posted by
Doucas
Chickens coming home to roost for pensioners, working people have had wages decimated over the past 12 years, older people continue to vote for this, so why shouldn't they do their part as well?
If it were up to me I'd vastly improve state pensions as we have one of the lowest in the developed world, older people would call me a communist or Marxist for that though.
OK so people working get an increase in tax and NI as thas where the money comes from, so pensioners get an increase and tax payers lose even more yes good one!
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Re: For all us Pensioners
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Originally Posted by
North Cardiff Blue
That is blatent envy, some people will do better than you, some will be worse off, just get on with your life do the best you can for you and your family, someone will always have more, we all get the same opportunaties, some people will always make more of them or make better financial decisions.
No it's hatred of twats who think they work hard ......yet other people who clearly get paid less .....don't
They deserve a flash car ......the rest can piss off
Entitled faux rich
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Re: For all us Pensioners
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Originally Posted by
Talksport
Are you Scargills lovechild by any chance. You're the biggest commy tw8t on here
Aye
Now piss off tarquin