Big state pension rise
Re: Big state pension rise
I read this yesterday but it makes me mad that we have a 2 tier system & those who paid in less are now getting more. Reading the headlines it makes it look as if all pensioners will be on £175 a week - I wish!!
Re: Big state pension rise
I agree with Cactuslil I cannot see why the two tier system was brought in.
" That means the basic state pension is set to rise by £5.05 a week to £134.25, while those on the full flat-rate introduced in 2016 will see their payouts increase by around £6.60 a week to £175.20."
" That means the basic state pension is set to rise by £5.05 a week to £134.25, while those on the full flat-rate introduced in 2016 will see their payouts increase by around £6.60 a week to £175.20."
Trev..
Re: Big state pension rise
My pension was under the new system , I got it last year mine is £134 a week just now . It was reduced due to being contacted out . Not many new pensioners get the full amount due to the same reason .
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Re: Big state pension rise
A big rise? what! enjoy spending all of that 4%
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Also 4% of what?
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Also 4% of what?
Last edited by JimX on Sun Oct 20, 2019 6:55 am, edited 1 time in total.
Jim.
Re: Big state pension rise
I am well pleased. That HUGE pay rise will do me. Better than a kick in the teeth
All things are possible
Re: Big state pension rise
Have had a quick look at the other benefits and only the State Pension has a two tier system - grossly unfair.
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Re: Big state pension rise
Still keeps the U.K. pension one of the lowest in the EU.
You can thank Gordon Brown for that he killed the best pensions system in the world!
You can thank Gordon Brown for that he killed the best pensions system in the world!
Re: Big state pension rise
Again you make statements without any references or sources. I'll provide one for you.Paul & Lesley wrote: ↑Fri Oct 18, 2019 11:22 am Still keeps the U.K. pension one of the lowest in the EU.
You can thank Gordon Brown for that he killed the best pensions system in the world!
Jim
https://www.channel4.com/news/articles/ ... 71020.html
Re: Big state pension rise
You could read this if you like!
https://www.telegraph.co.uk/finance/per ... nties.html
And then this
https://www.dailymail.co.uk/news/articl ... lions.html
https://www.telegraph.co.uk/finance/per ... nties.html
And then this
https://www.dailymail.co.uk/news/articl ... lions.html
Re: Big state pension rise
Who gives a toss!!. As long as I get the BIGGER pay rise than I normally get, then I am a happy bunny.
All things are possible
Re: Big state pension rise
More concerned about the fact that one allowance that forms part of the UK State pension stops on 5th April 2020. Known as the Adult Dependency Increase. If living in the UK one could apply for Pension Credit or Universal Credit from 6th April 2020. All part of the sweeping changes over the past decade including the currently challenged increase in State Pension Age for women.
Re: Big state pension rise
You Brits should count yourselves lucky not to be German pensioners. There is no set minimum raise at all in Germany. However, pensions dropped by 30% after reunification because the pension pot now has to be shared with all the Eastern Germans who never contributed to it (not their fault, I know - but still unfair to Western pensioners).zorbathejock wrote: ↑Fri Oct 18, 2019 10:55 am Still keeps the U.K. pension one of the lowest in the EU.
Re: Big state pension rise
The Telegraph and Fail: says it all really.Paul & Lesley wrote: ↑Sat Oct 19, 2019 8:37 am You could read this if you like!
https://www.telegraph.co.uk/finance/per ... nties.html
And then this
https://www.dailymail.co.uk/news/articl ... lions.html
Re: Big state pension rise
It is 35 years at the moment , minimum 10 years .
https://www.gov.uk/new-state-pension/how-its-calculated
https://www.gov.uk/new-state-pension/how-its-calculated
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Re: Big state pension rise
I'm 6yrs short and it's not worth me paying additional contributions.... I still have another 5yrs before I can get my pension.
But I do have 12yrs of contributions paid into the SI fund in Cyprus and that's something I need to check up with overseas part of the UK pensions dept.
But I do have 12yrs of contributions paid into the SI fund in Cyprus and that's something I need to check up with overseas part of the UK pensions dept.
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