Means testing the State Pension, which is a less than generous state pension across the board in terms of Europe, would mean that someone who has been financially responsible and saved for their old age may receive little or nothing whilst someone who has contributed equally may receive the full whack because they squandered their lifelong income on smoking, drinking and foreign holidays etc. Or should the former group start distributing their capital artfully shortly before reaching pension age?
https://www.almondfinancial.co.uk/pe...est-of-europe/
(By the way, my very modest German State Pension represents 4.1% of my UK State Pension although only 2.7% of my working life was spent contributing over there - and it was at the beginning of my working life when I wasn't on particularly good money. Even taking into account the comparative Cost of Living in both countries, our State Benefit isn't great.)
Originally Posted by Taunton Blue Genie
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