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Post by stuart1974 on Jun 8, 2024 9:56:06 GMT
Yes Stuart,the creeping stealth tax and the lack of inflation linked movement of allowances has been a disaster for many people. I know from my tax increases,I am very lucky to have a Bank Pension that you would die for these days and am very grateful,but the amount of tax I pay is unbelievable,might as well have stayed working!! That’s a real shame TG and I think it’s a joke how the Tories are trying to shift the blame on Labour if the state pension actually gets taxed. There’s only one party responsible for that. I put about 15% into my pension and make personal contributions to a private one too as I don’t see how long term there will be a state pension by the time I retire. The Tories claim to be protecting it whilst wanting to abolish NI. It doesn’t add up where the money will come from, so I have to make strategic decisions to protect myself. NI really only entitles you to a State pension, in reality the money comes from all taxes taken by government. As demographics show an imbalance we need lots of fit, young enthusiastic workers to pay their taxes. Any ideas? In terms of your own pension, the rule of thumb I was told was the percentage is half your age when you started contributing eg 10% if you were 20. Basically the longer you give it, the better as they are long term investments. All subject to the markets, of course.
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Post by francegas on Jun 8, 2024 9:57:28 GMT
Err I do not hate immigration. Yes I'm an immigrant myself but a legal immigrant. You are aware there is a difference I trust. My logic about Sunak being a Hindu is that you called me a racist. How can I be racist and support Rishi. Surely you can see the logic there (or maybe not in your case). Why are you banging on about me making a racist post? You still haven't said what was racist about it. If I'd said the Pope wishes you all a happy Easter without a referral to a news report would you be calling that a racist post.? Grow up Gassy you accuse me of being 8 years old when did you last look in the mirror? So at least now you admit you came on here to argue. No wonder years ago I was pre warned about you by someone on this Forum. Let me break down your points to make it easier for you to understand... 1. I do not hate immigration. I believe I covered that above. Immigration should be legal and controlled. (I think that view covers every political party not just the conservatives) 2.Find me a post where I have said I hate anyone who claims benefits and have used those words. 3. I think not being able to spell or read can most certainly be directed at yourself. You accuse me of it yet post yesterday "fat rights" which I picked you up on. 4. I will never back down when I'm in the right. For the record on one of your previous argumentative posts you did not corner me and I did not back down. Actually it was you who backed down as you did not reply to my last post on that subject. So Gassy if your going to make accusations about me please give examples otherwise you're just making yourself look more stupid than you already are. Oh ok, it’s just you’ve always moaned about people on benefits and how Labour put everyone on benefits. Seeming as it’s an untrue statement, it suggests far right. Regarding your comment about racist and sunak - that’s fair. But I don’t think you’re a racist, you made a racist post. You made a mistake which hopefully you can own up to. The logic still makes no sense though, you seemed to have accused all far rights of being racist. As for the post where I didn’t reply, you’ll have to remind me. Very often I won’t reply if I’ve gone offline for a few days and the conversation has moved on. Are you so immature enough to think that if someone doesn’t reply then the conversation is won? 🤣 if that was the case you’ve been proven wrong about a million times on here, even your ‘guarantee’ the other day. As for coming on here to argue, I’m not sure what you’re talking about. You admitted you made a dig at the left and then you claim I came on to argue. And congrats on your one post of finding a typo, I could find a hundred of yours in a day, but I guess you can’t tell the difference between a typo and spelling something wrong. As Stuart suggests, how about we drop this because it’s going round in circles and I’m certain no one wants to read it. If you want pretend as if you’ve now won because of it, you can, or if you want to have the final last word; go ahead, you seem like that sort of guy. Otherwise if you want to actually discuss some of these points in further detail, PM me. 🥱🥱🥱 Four paragraphs of drivel, lies and over exaggerations.
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Post by trevorgas on Jun 8, 2024 10:44:00 GMT
Yes Stuart,the creeping stealth tax and the lack of inflation linked movement of allowances has been a disaster for many people. I know from my tax increases,I am very lucky to have a Bank Pension that you would die for these days and am very grateful,but the amount of tax I pay is unbelievable,might as well have stayed working!! That’s a real shame TG and I think it’s a joke how the Tories are trying to shift the blame on Labour if the state pension actually gets taxed. There’s only one party responsible for that. I put about 15% into my pension and make personal contributions to a private one too as I don’t see how long term there will be a state pension by the time I retire. The Tories claim to be protecting it whilst wanting to abolish NI. It doesn’t add up where the money will come from, so I have to make strategic decisions to protect myself. Agreed,as I said I am ok due to my Bank Pension,only by chance as I didn't understand it when I joined in 1974!. What peed me off about the state pension and this is where you get caught out ,I paid 44 years and many if those were at the highest rate but because I retired after 40years I didn't make full contributions for 2years out of 44 years ,ergo my monthly state pension was reduced,it's not the money it's the sly underhand way it happened. Anyway,current State pension is a cashflow funded payment,no pot just money from tax /NI in and paid out,will it continue I can't see it being the same in 10-20yrs time You are 200% right in providing your own and as I say to my young relatives the sooner you start the better.
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Post by supergas on Jun 8, 2024 11:16:16 GMT
That’s a real shame TG and I think it’s a joke how the Tories are trying to shift the blame on Labour if the state pension actually gets taxed. There’s only one party responsible for that. I put about 15% into my pension and make personal contributions to a private one too as I don’t see how long term there will be a state pension by the time I retire. The Tories claim to be protecting it whilst wanting to abolish NI. It doesn’t add up where the money will come from, so I have to make strategic decisions to protect myself. NI really only entitles you to a State pension, in reality the money comes from all taxes taken by government. As demographics show an imbalance we need lots of fit, young enthusiastic workers to pay their taxes. Any ideas?In terms of your own pension, the rule of thumb I was told was the percentage is half your age when you started contributing eg 10% if you were 20. Basically the longer you give it, the better as they are long term investments. All subject to the markets, of course. Yes, raise the state pension age...
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Post by yattongas on Jun 8, 2024 12:52:06 GMT
France’s post about Khan clearly had racist undertones, if he can’t admit that he’s either stupid or lying . Or….. he should delete the post and move on. Grow up Yatton. I will never admit to something I have not done or said. There in lies the problem 🙄 Anyway , don’t want to fall out with you because although I think you are a complete loon I quite like you ! 😁
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Post by yattongas on Jun 8, 2024 12:56:17 GMT
That’s a real shame TG and I think it’s a joke how the Tories are trying to shift the blame on Labour if the state pension actually gets taxed. There’s only one party responsible for that. I put about 15% into my pension and make personal contributions to a private one too as I don’t see how long term there will be a state pension by the time I retire. The Tories claim to be protecting it whilst wanting to abolish NI. It doesn’t add up where the money will come from, so I have to make strategic decisions to protect myself. Agreed,as I said I am ok due to my Bank Pension,only by chance as I didn't understand it when I joined in 1974!. What peed me off about the state pension and this is where you get caught out ,I paid 44 years and many if those were at the highest rate but because I retired after 40years I didn't make full contributions for 2years out of 44 years ,ergo my monthly state pension was reduced,it's not the money it's the sly underhand way it happened. Anyway,current State pension is a cashflow funded payment,no pot just money from tax /NI in and paid out,will it continue I can't see it being the same in 10-20yrs time You are 200% right in providing your own and as I say to my young relatives the sooner you start the better. I always thought you had to have 35 yrs of contributions for a full pension ? 🤔
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Post by stuart1974 on Jun 8, 2024 13:06:03 GMT
NI really only entitles you to a State pension, in reality the money comes from all taxes taken by government. As demographics show an imbalance we need lots of fit, young enthusiastic workers to pay their taxes. Any ideas?In terms of your own pension, the rule of thumb I was told was the percentage is half your age when you started contributing eg 10% if you were 20. Basically the longer you give it, the better as they are long term investments. All subject to the markets, of course. Yes, raise the state pension age... It would help but it's not the silver bullet and is open to legal challenges, Waspi women or McCloud for example. Nor will it solve the demographic timebomb in the short to medium term. Getting rid of the triple lock, raising the age, changing the entitlement, encouraging opting out, means testing, capped.... We'll need some, all and other options, but very politically dangerous.
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Post by trevorgas on Jun 8, 2024 13:13:47 GMT
Agreed,as I said I am ok due to my Bank Pension,only by chance as I didn't understand it when I joined in 1974!. What peed me off about the state pension and this is where you get caught out ,I paid 44 years and many if those were at the highest rate but because I retired after 40years I didn't make full contributions for 2years out of 44 years ,ergo my monthly state pension was reduced,it's not the money it's the sly underhand way it happened. Anyway,current State pension is a cashflow funded payment,no pot just money from tax /NI in and paid out,will it continue I can't see it being the same in 10-20yrs time You are 200% right in providing your own and as I say to my young relatives the sooner you start the better. I always thought you had to have 35 yrs of contributions for a full pension ? 🤔 If you check I think it's the last 5 years that have to be full before you claim if your still working.
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Post by yattongas on Jun 8, 2024 14:50:55 GMT
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Post by stuart1974 on Jun 8, 2024 15:10:53 GMT
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Post by yattongas on Jun 8, 2024 15:30:00 GMT
Oops
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Post by stuart1974 on Jun 8, 2024 15:49:54 GMT
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Post by yattongas on Jun 8, 2024 16:09:51 GMT
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Post by yattongas on Jun 8, 2024 16:12:10 GMT
Just for Rishi…
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Post by stuart1974 on Jun 9, 2024 1:18:25 GMT
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Post by supergas on Jun 9, 2024 6:45:06 GMT
Yes, raise the state pension age... It would help but it's not the silver bullet and is open to legal challenges, Waspi women or McCloud for example. Nor will it solve the demographic timebomb in the short to medium term. Getting rid of the triple lock, raising the age, changing the entitlement, encouraging opting out, means testing, capped.... We'll need some, all and other options, but very politically dangerous. Solves most of the financial problems for the government/taxpayers. The process should have been started decades ago but government after government kicked it down the road for the next guys to worry about... Life expectancy in 1950 was 68. In 1970 it was 72. In 1990 it was 75. By 2010 it was 80. So that's a double problem - not only is the pension being claimed for twelve more years but by many many more people each year. It's too late now but historically any time a government has chosen to link the benefit to current economic indicators, they should have been required to adjust eligibility to match current health indicators. It's unsustainable unless they do...
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Post by yattongas on Jun 9, 2024 7:45:56 GMT
It would help but it's not the silver bullet and is open to legal challenges, Waspi women or McCloud for example. Nor will it solve the demographic timebomb in the short to medium term. Getting rid of the triple lock, raising the age, changing the entitlement, encouraging opting out, means testing, capped.... We'll need some, all and other options, but very politically dangerous. Solves most of the financial problems for the government/taxpayers. The process should have been started decades ago but government after government kicked it down the road for the next guys to worry about... Life expectancy in 1950 was 68. In 1970 it was 72. In 1990 it was 75. By 2010 it was 80. So that's a double problem - not only is the pension being claimed for twelve more years but by many many more people each year. It's too late now but historically any time a government has chosen to link the benefit to current economic indicators, they should have been required to adjust eligibility to match current health indicators. It's unsustainable unless they do... Hasn’t life expectancy gone down in the last few yrs in uk ?
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Post by supergas on Jun 9, 2024 10:41:23 GMT
Solves most of the financial problems for the government/taxpayers. The process should have been started decades ago but government after government kicked it down the road for the next guys to worry about... Life expectancy in 1950 was 68. In 1970 it was 72. In 1990 it was 75. By 2010 it was 80. So that's a double problem - not only is the pension being claimed for twelve more years but by many many more people each year. It's too late now but historically any time a government has chosen to link the benefit to current economic indicators, they should have been required to adjust eligibility to match current health indicators. It's unsustainable unless they do... Hasn’t life expectancy gone down in the last few yrs in uk ? Fractionally - it's dropped from a high of 79.3 for men to 78.6, and from a high of 83.0 for women to 82.6 - nowhere near enough to bring the cost back to a sensible level. The wider picture is that without change it is unsustainable. If the age you get the state pension was index-linked in the same way as the £-value, and even if we take a 'late' year like 1970 as the index point, then both men and women would be retiring around a decade later than they currently do. Immediately that's billions of billions of pounds that could be spent on other things...
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Post by yattongas on Jun 9, 2024 13:44:43 GMT
Hasn’t life expectancy gone down in the last few yrs in uk ? Fractionally - it's dropped from a high of 79.3 for men to 78.6, and from a high of 83.0 for women to 82.6 - nowhere near enough to bring the cost back to a sensible level. The wider picture is that without change it is unsustainable. If the age you get the state pension was index-linked in the same way as the £-value, and even if we take a 'late' year like 1970 as the index point, then both men and women would be retiring around a decade later than they currently do. Immediately that's billions of billions of pounds that could be spent on other things... How do other most other European countries pay out far more in state pensions and they retire earlier as well I think ? The baby boomers have led such a privileged life , free education,retiring early , bought dirt cheap housing and seen the prices grow massively etc etc…… then shaft everyone younger than them by voting for Brexit 🙄🇬🇧
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Post by stuart1974 on Jun 9, 2024 18:51:17 GMT
Nadine stirring it. "Why has the question been raised? It followed a tweet by Nadine Dorries, who speculated: "I have always said that Cameron was popped into the Lords and into a senior ministerial post for a reason. I thought maybe it was to replace Sunak at an earlier stage." And then she added mischievously: "Rumours around tonight that Sunak's about to fall on his sword. There are no MPs - only ministers. If Sunak does resign, any replacement would have to come from within ministerial ranks." " news.sky.com/story/sunak-ally-stride-does-his-boss-no-favours-in-response-to-question-about-pms-future-13150285
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