Reply With QuoteJudging by the way my workplace pension funds are being decimated I certainly know the Tories aren’t for pensioners.
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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.
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).Originally Posted by Pearcey3
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.
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.
Both parties hate pensioners ..you are the dead battery that keeps on taking.
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.
Still haven’t got my head round it
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
Of course it's ludicrous
Same as universal child benefit
Utterly stupid
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.
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.
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.
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 am pretty sure the ponzi relies on me dying before I claim my pension.
People who own care homes ?
Selfish tory voters ?
Almost all of them , no doubt about it
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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