Quote Originally Posted by Gofer Blue View Post
For me it all depends on what the threshold might be before there is any means tested reduction. I have saved into a private pension scheme for the last 30 or so years of my working life and am now drawing down a modest amount every month from the pot. I think it would be unfair to penalise me for being thrifty over those years and putting some money aside to provide a pension.

P.S. I am not a millionaire but one of the asset rich, cash poor, pensioners.
Indeed. One person scrimps and saves and makes good decisions with their money and another may fritter it away on cigarettes, Netflix and booze. The latter would be rewarded and the former penalised.