The boomers ate all the avocados
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DWP have basically told them to f*** off though if I heard right.
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Who disagrees in principle?
There may be a disagreement on financial viability as it has been proven to be not cost effective. In which case why bother other than spite? 🍿
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
The Ombudsman believes they will not engage with the recommendations, which basically means yes they have!
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Does that mean the MP's salary increase recommendation can be ignored too? 👺
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I would love to know how administering state pensions on a means tested basis costs more than £19bn a year.
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With regards the wealthy and pensions, I can see why people who have spent a lifetime paying in feel fully justified in their right to their state pension, regardless of their personal wealth. My own personal view would be some kind of means tested process at the top end, as suggested above thread.
I'd be interested to know how many people don't actually claim SP due to their personal wealth.
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My crystal ball is telling me this may be unlikely PB!
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I am in favour of a universal pension.
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FWIW, I'm not against it. Various reason given here -
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Low, I'd imagine. If you collect it over 25 years at current value of £12k per year, that adds up to present value of £300,000. You'd need to be pretty well off to turn that down.
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Why would anyone turn it down?
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I would assume the same. It is only the odd anecdotal example but I have read news articles in the past where people taking their pension admitted they did not need it and felt it was daft that someone in their financial position should get SP, yet they still claimed it. I think in these instances it must be a mindset of it's there so I may as well have it regardless. I am not knocking people for doing it, just find it strange to admit you absolutely do not need it, yet still claim it.
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When I get mine I'll likely be handing nearly half of it back in the form of tax.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
As mentioned above, it is effectively means tested by way of income tax.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Do you think Elton John claims it?
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Perhaps an incentive to the wealthy not to claim? Maybe a tax break…
Or free annual holiday in Rwanda?
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Isn't he a Monaco 'resident'?
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Assuming he's paid sufficient NI contributions in the UK, where he lives now is irrelevant beyond whether he gets annual increases or not.
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Indeed median wealth of the over 65s is way lower than mean wealth.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
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Surely with the SPA put back 5 years, they had 5 more years to save for their retirement?
The change just meant some of them couldn't retire at 60 as they had hoped to do. Tough shit.
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Good one for Rick in here:
https://www.bbc.co.uk/news/business-68610680
Michele Carlile in London had to give up a senior role in education at the age of 59 after suffering a heart attack.
Michele, who was born in 1954, told the BBC she thought she would be eligible for the state pension as she was about to turn 60 and was shocked to find out she wasn't.
"That has had a terrible effect. Right at the start I had no way of paying my mortgage, I had to go and stay with my son so that I could rent my property.
I had to way to pay! (I rented out the house I own)
- Genesis Croix de Fer
- Dolan Tuono1 -
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Does it count as planning if you haven't remotely looked into whether the plan makes sense?
- Genesis Croix de Fer
- Dolan Tuono0 -
She ought to be able to claim some other benefit for the fact her health is keeping her out of work, no?
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On the face of it she could have claimed SSP (£5,688 PA currently) then ESA (£6,734 PA currently) at a minimum. Possibly UC too but who knows.
The amounts are pretty comical but that is why you get CIC / income protection etc right? Especially if you still have a mortgage.
- Genesis Croix de Fer
- Dolan Tuono0 -
imo mp's salary should be means tested, salary together with all expenses/benefits/allowance should taper to zero between, say, 250-300k gross annual income (just chose numbers, not claiming they're the best balance)
a significant number are high-net worth, they are in politics to gain access/relationships/knowledge in order to enhance their personal wealth/power and influence legislation in their favour
no reason tax payers should subsidise them
my bike - faster than god's and twice as shiny0 -
Nah. I'd make it £250-500k a year depending on how long you've been an MP, cut the pension to a normal amount and as BB suggests give em a block like student housing to stay if they need to be in London overnight.
Let's get some aspiration for the job, not just people who are so rich they fancy a change for the CV.
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Pretty sure cover for serious illness for exactly this scenario was discussed when we first took out our mortgage. It's not even very expensive.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition1 -
If a senior position in education, that would hint at her having either a Teachers Pension of a Local Government Pension, both of which she may have been able to draw on on grounds of ill health.
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