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Ponce off of us probably.What do other countries do differently so they can afford to treat their pensioners with respect rather than shafting them up the arse?
Ponce off of us probably.What do other countries do differently so they can afford to treat their pensioners with respect rather than shafting them up the arse?
Actually I think you are wrong though it’s a tricky area. Average life expectancy doesn’t tell you what it will be at 65, basically because all those younger ones have popped their clogs. For example here https://data.oecd.org/healthstat/life-expectancy-at-65.htm shows a UK man’s expectancy at age 65 is 21 years, so die at 86. .Current average life expectancy for a man is 79, so not far off your “retire at 65 live 5, maybe 10 years”.
https://www.ons.gov.uk/peoplepopula...ns/nationallifetablesunitedkingdom/2015to2017
Thanks, that’s interesting reading.For those of you who are interested in how UK Pension income compares vs the rest of Europe, this link provides access to a detailed breakdown & comparison of pensions across Europe
http://researchbriefings.files.parliament.uk/documents/SN00290/SN00290.pdf
What do other countries do differently so they can afford to treat their pensioners with respect rather than shafting them up the arse?
The UK State Pension is the worst in the developed world, according to OECD data. It pays out just 29% of average earnings, compared to 100.6% in the Netherlands, 94% in Portugal and 93.2% in Italy.
What do other countries do differently so they can afford to treat their pensioners with respect rather than shafting them up the arse?
How many different ways has spending the EU contribution been promised? You’ll never see it anyway as it will disappear up HMGs fundament.Use some of the massive grant we give to the EU every year to pay their own pensioners whilst ours suffer!
I retired at 35 and never considered the state pension as I don't think I will ever see it anyway
See my post #24, it's even worse as we OAP's could/will be hit for income tax if we get enough to live on.The UK State Pension is the worst in the developed world, according to OECD data. It pays out just 29% of average earnings, compared to 100.6% in the Netherlands, 94% in Portugal and 93.2% in Italy.
What do other countries do differently so they can afford to treat their pensioners with respect rather than shafting them up the arse?
Re: post #24See my post #24, it's even worse as we OAP's could/will be hit for income tax if we get enough to live on.
Higher rates of taxation
https://en.wikipedia.org/wiki/Tax_rates_in_Europe
Well, yes, not to mention the nationalised French and German railways which now own large chunks of our "privitised" UK railways.Plus nationalised services like in France add to their spending power. EDF are state owned.
If we aren't actually paying into the pension, how come a proportion of your payments can be transferred to your
works pension so you get less of the state pension when you retire ?
The countries that pay higher pensions do so by having higher taxes and (by sheer coincidence I'm sure) very low Gini Coefficients.What do other countries do differently so they can afford to treat their pensioners with respect rather than shafting them up the arse?
Because they just then pay out less post retirement. There's still no pot.
I don't think you can do it anymore though anyway.
You can, and it seems from what I have heard you have to opt out
I didn't know till I retired last year and found my state pension was reduced because
I had been paying my govt pension amount into my firms pension scheme, it did make
a better deal for me
Well, Im 35 now, I certainly won't be humping around 250kg oil drums when I'm in my 70's like I do now so not quite sure what's gonna happen there.
Theres gonna be a hell of a lot of welcomers at the entrance to B&Q in a few years.
It really is how every ‘insurance’ system works.How is it that anyone can pay into a system (under obligation) only to be told they will get nothing back for it ok?
It really is the work of the devil.
It really is how every ‘insurance’ system works.
Insurance is s risk pool, why Is this a surprise to anyone.
Insurance is voluntary, you don't have to pay for it if you don't want it
The fact national insurance isn't voluntary kinda undermines that point doesn't it?
But it’s the same principle which was the point.Insurance is voluntary, you don't have to pay for it if you don't want it
[QUOTE="KitsuneAndy, post: 8503906, member: 63079"
But then you get who don't understand it and complain about getting a reduced pension because they were opted out, but not realising they get more from their work pension because of it and are actually better off.
The state pension will never finish, we will move to something along the lines of means-tested benefits on retirement, so any preparation you have had the sense to make will reduce these benefits.
It's a bit like that now, basic state pension is not a living amount and those that haven't saved/made other provisions for themselves get it topped up with other benefits
Those that have get nothing and taxed on our extra pension that we paid into most of our working lives
and still get accused of draining the countries resources
{WARNING: Possible Rant}I am a big fan of giving people tokens rather than money.
How does that work, I'm turned 63 and my state pension kicks in when I'm 67I retired at just under 55, will be 61 this year and no state pension until i'm 66
Always treated the state pension as a nice bonus, never banked on it and glad I didn't.
We get tax relief when we pay it into our pensions though, I see no reason why those of us lucky enough to have bigger pensions waiting for us should also get tax relief on our income post retirement.
{WARNING: Possible Rant}
I'm sorry for those who want to "punish" the poor and therefor the disadvantaged. When you look around the world it's obvious that the best societies to live in are those which practice egalitarianism and not seperatism. {End Rant}
My opinion is that raising the pension age is just another mistake on the part of politicians scrambling for votes in a society increasingly divided by the actions of those same politicians.