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Post by foghornsgleghorn on Aug 22, 2019 18:48:09 GMT
The Prime Minister wants to give tax cuts to those on higher tax rates. It is inevitable that state pension age will keep increasing as long as voters view this sort of thing as a priority.
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Post by Timmypotter on Aug 22, 2019 18:53:42 GMT
Pension age for men was set at 65 in 1940. Life expectancy of a male in 1940 was 62. Pension age now is 66. Median age of death for a male in 2017 was 82. Not hard to see the problem. It can and will go up, it has to. Average life expectancy for those who reach adulthood hasn't actually gone up much in a long long time. We're much better at keeping babies alive now than we were 80 years ago so the average figure isn't dragged down by lots of 0s. The main problem is the baby boomers are now reaching their dotage and it'll be hard to support them.
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Post by britsabroad on Aug 22, 2019 18:54:37 GMT
There are 12 million pensioners in the UK. At 130 quid a week, every additional year they live adds 80 billion onto the pension liability. That's quite a few pints worth. Then what's the answer?? Raise the pension age. Or move it to a compulsory private scheme, that works well for loads of countries.
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Post by britsabroad on Aug 22, 2019 19:03:02 GMT
Pension age for men was set at 65 in 1940. Life expectancy of a male in 1940 was 62. Pension age now is 66. Median age of death for a male in 2017 was 82. Not hard to see the problem. It can and will go up, it has to. Average life expectancy for those who reach adulthood hasn't actually gone up much in a long long time. We're much better at keeping babies alive now than we were 80 years ago so the average figure isn't dragged down by lots of 0s. The main problem is the baby boomers are now reaching their dotage and it'll be hard to support them. Age at death is the one to use and that is rising - 4 years in the last 20.
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Post by AlliG on Aug 23, 2019 10:26:48 GMT
I absolutely would pay more taxes if it meant people keeping their homes or getting a decent standard of care in their old age or a decent pension. No problem whatsoever with it. If I can afford the pub several times a week, then I can afford a few more quid a month. And I'm not on high wages either. I think most people are genuinely willing to pay taxes for better public services, even potentially a bit higher. There are 12 million pensioners in the UK. At 130 quid a week, every additional year they live adds 80 billion onto the pension liability. That's quite a few pints worth. A bit too simplistic a calculation. Pensioners directly pay income tax and VAT and they also contribute indirectly to the economy through the services and goods they buy and use. There is a significant number of people in the UK whose employment is dependant upon those old people. Not just the obvious medical and care services but gardeners, painters, taxi drivers and all those other activities that they can no longer do themselves. Most of that "pension liability" ends up back in the economy thereby reducing the unemployment and social security budget.
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Post by foster on Aug 23, 2019 10:51:45 GMT
There are 12 million pensioners in the UK. At 130 quid a week, every additional year they live adds 80 billion onto the pension liability. That's quite a few pints worth. A bit too simplistic a calculation. Pensioners directly pay income tax and VAT and they also contribute indirectly to the economy through the services and goods they buy and use. There is a significant number of people in the UK whose employment is dependant upon those old people. Not just the obvious medical and care services but gardeners, painters, taxi drivers and all those other activities that they can no longer do themselves. Most of that "pension liability" ends up back in the economy thereby reducing the unemployment and social security budget. Good point .. and there's no reason why retired people who are still physically able cannot spare a few hours a week assisting with local charity or community work. Planting trees or plants, looking after the local area, etc. I know a lot do already but if there were more a sense of community spirit it would get more on board.
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Post by thisisouryear on Aug 23, 2019 20:04:19 GMT
Plans afoot to raise it, initially to 70,then to 75... There's many folks in jobs who simply can't work to these ages. And the ones raising it, of course, have zero intention of being in such a position themselves. There are no plans to raise it to 70 or 75 They must be testing the water to see what the reaction is. Politicians always lie when it suits.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 24, 2019 7:31:21 GMT
When it was set at 65 people weren't living as long as they do these days. The problem is that for decades successive governments have done nothing about the issue until this one with the workplace pension which may alleviate some of the problem for the younger generation. The other issue sidestepped by successive governments is housing and now house prices. We aren't living longer in Stoke - "Revealed: The 20 areas in England where you're more likely to face an early grave (and Blackpool is worst hit)" - and Stoke is in second place. www.dailymail.co.uk/health/article-6312451/The-20-areas-England-youre-likely-face-early-grave.htmlThey say Britain is a rich country so we have to pay billions in foreign aid - but we can't afford pensions at 65. We are ruled by traitors.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 24, 2019 7:34:43 GMT
Two of my friends mothers passed away at 45 and 57 due to cancer.[/quote Sadly, that is understandable in Stoke. We aren't living longer in Stoke - "Revealed: The 20 areas in England where you're more likely to face an early grave (and Blackpool is worst hit)" - and Stoke is in second place. www.dailymail.co.uk/health/article-6312451/The-20-areas-England-youre-likely-face-early-grave.htmlThey say Britain is a rich country so we have to pay billions in foreign aid - but we can't afford pensions at 65. We are ruled by traitors.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 24, 2019 7:35:31 GMT
The Prime Minister wants to give tax cuts to those on higher tax rates. It is inevitable that state pension age will keep increasing as long as voters view this sort of thing as a priority. The top 1% pay 27% of the tax. foreign aid is the problem.
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Post by wizzardofdribble on Aug 24, 2019 7:59:41 GMT
At a time when a lot of developed countries are reducing the working week to 35 hours it is absolutely obscene to be talking about raising the pensionable age to 70.
There are no financial reasons for this it would be a political choice. Pensioners put into the pot as well as take out.
It really would not help social cohesion when you get some people (like my mate and good luck to him) retiring at 45 on a full Army pension and somebody labouring on a building site when they're 68.
The net result of this ridiculous Ill thought out idea would be to increase the amount paid out in sickness benefit, unemployment benefit and other benefits by tens of billions..
Completely defeating what it set out to do.
Absolutely fucking ridiculous idea.
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Post by wizzardofdribble on Aug 24, 2019 8:03:09 GMT
At a time when a lot of developed countries are reducing the working week to 35 hours it is absolutely obscene to be talking about raising the pensionable age to 70.
There are financial reasons for this but it would be a political choice.
Pensioners put into the pot as well as take out via a lifetime of national insurance and income tax payments.
Everything costs money.
Which do you prioritise?
It really would not help social cohesion when you get some people like me retiring when they're 55 and somebody labouring on a building site when they're 68.
The net result of this daft idea would be to increase the amount paid out in sickness benefit, unemployment benefit and other benefits by tens of billions..
Plus costing the health service billions more because of the increased level of sickness and injuries..
Completely defeating what it set out to do.
Not a very good idea IMO.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 24, 2019 8:28:17 GMT
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Post by followyoudown on Aug 24, 2019 10:43:09 GMT
There are no plans to raise it to 70 or 75 They must be testing the water to see what the reaction is. Politicians always lie when it suits. That may be true but the main thing all politicians stand for is re-election moving the pension age up to 70 or 75 just costs them votes now and only saves money 20 or 30 years down the line when they are long gone so why would any party do this ?
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Post by Deleted on Aug 24, 2019 10:45:44 GMT
The Prime Minister wants to give tax cuts to those on higher tax rates. It is inevitable that state pension age will keep increasing as long as voters view this sort of thing as a priority. The top 1% pay 27% of the tax. foreign aid is the problem. We spend 0.7% of our GDP on foreign aid. it's basically fuck all. Foreign aid is no problem. All earnings over 500k a year should be taxed at 60-70%. No-one needs to earn that amount of money in a country where millions use food banks.
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Post by ravey123 on Aug 24, 2019 10:59:18 GMT
At a time when a lot of developed countries are reducing the working week to 35 hours it is absolutely obscene to be talking about raising the pensionable age to 70. There are no financial reasons for this it would be a political choice. Pensioners put into the pot as well as take out. It really would not help social cohesion when you get some people (like my mate and good luck to him) retiring at 45 on a full Army pension and somebody labouring on a building site when they're 68. The net result of this ridiculous Ill thought out idea would be to increase the amount paid out in sickness benefit, unemployment benefit and other benefits by tens of billions.. Completely defeating what it set out to do. Absolutely fucking ridiculous idea. Wish my pigging standard working week was 35 hours. 8am to 5.30pm 5 days a week (plus an hours travel each way - my choice I know) and 1 saturday every 6 weeks or so works out at nearly 44 hours per week plus 10 hours. Travel to and from work. Add onto that about another 5 to 10 hours per week in extra travelling (with no paid overtime) (ie meetings in London) and I bet I'm getting close to the maximum hours working directive.
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Post by wizzardofdribble on Aug 24, 2019 12:32:42 GMT
At a time when a lot of developed countries are reducing the working week to 35 hours it is absolutely obscene to be talking about raising the pensionable age to 70. There are no financial reasons for this it would be a political choice. Pensioners put into the pot as well as take out. It really would not help social cohesion when you get some people (like my mate and good luck to him) retiring at 45 on a full Army pension and somebody labouring on a building site when they're 68. The net result of this ridiculous Ill thought out idea would be to increase the amount paid out in sickness benefit, unemployment benefit and other benefits by tens of billions.. Completely defeating what it set out to do. Absolutely fucking ridiculous idea. Wish my pigging standard working week was 35 hours. 8am to 5.30pm 5 days a week (plus an hours travel each way - my choice I know) and 1 saturday every 6 weeks or so works out at nearly 44 hours per week plus 10 hours. Travel to and from work. Add onto that about another 5 to 10 hours per week in extra travelling (with no paid overtime) (ie meetings in London) and I bet I'm getting close to the maximum hours working directive. Mate, when I was working it was 24/7 365 days a year. I worked Christmas Day for 7 years. Now I just work 22.5 hours to keep my hand in. Although technically I've retired.
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Post by zerps on Aug 24, 2019 12:42:16 GMT
It’s definitely a trigger for over 65 year olds to turn to crime
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Post by Deleted on Aug 24, 2019 13:55:13 GMT
When it was set at 65 people weren't living as long as they do these days. The problem is that for decades successive governments have done nothing about the issue until this one with the workplace pension which may alleviate some of the problem for the younger generation. The other issue sidestepped by successive governments is housing and now house prices. They are living longer but, are they fit enough to work longer? majority of 60+ are rattling around on 10 meds’ a day to keep them walking and breathing
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 24, 2019 16:31:41 GMT
The top 1% pay 27% of the tax. foreign aid is the problem. We spend 0.7% of our GDP on foreign aid. it's basically fuck all. Foreign aid is no problem. All earnings over 500k a year should be taxed at 60-70%. No-one needs to earn that amount of money in a country where millions use food banks. £15 billion of our money is being given away in foreign aid, and most of it is syphoned off by corrupt officials. Those high earners create jobs, we need them and many are already felling the country because of Corbyn. The top 1% pay 27% of the tax - if it wasn't for their generous contribution, basic rate tax would be much higher.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 24, 2019 16:32:43 GMT
When it was set at 65 people weren't living as long as they do these days. The problem is that for decades successive governments have done nothing about the issue until this one with the workplace pension which may alleviate some of the problem for the younger generation. The other issue sidestepped by successive governments is housing and now house prices. They are living longer but, are they fit enough to work longer? majority of 60+ are rattling around on 10 meds’ a day to keep them walking and breathing We aren't living longer in Stoke - "Revealed: The 20 areas in England where you're more likely to face an early grave (and Blackpool is worst hit)" - and Stoke is in second place. www.dailymail.co.uk/health/article-6312451/The-20-areas-England-youre-likely-face-early-grave.htmlThey say Britain is a rich country so we have to pay billions in foreign aid - but we can't afford pensions at 65. We are ruled by traitors.
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Post by mattyd on Aug 24, 2019 17:47:24 GMT
To be honest I aint really that fussed. Would rather carry on working, rather than a retirement in poverty.
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Post by Deleted on Aug 24, 2019 18:13:01 GMT
Plans afoot to raise it, initially to 70,then to 75... There's many folks in jobs who simply can't work to these ages. And the ones raising it, of course, have zero intention of being in such a position themselves. Totally agree, As long as you're a UK national who's contributed NI since you were 18 then you should have full respect of the nation and retire in you're 60's with complete national pension as you fully deserve.
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Post by trentvale68 on Aug 26, 2019 14:19:35 GMT
To be honest I aint really that fussed. Would rather carry on working, rather than a retirement in poverty. That's great if you physically can. Many just won't be able to. And good luck claiming disability or sickness benefits. It's a really bleak future for millions
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Post by musik on Aug 26, 2019 15:39:13 GMT
When it was set at 65 people weren't living as long as they do these days. The problem is that for decades successive governments have done nothing about the issue until this one with the workplace pension which may alleviate some of the problem for the younger generation. The other issue sidestepped by successive governments is housing and now house prices. They are living longer but, are they fit enough to work longer? majority of 60+ are rattling around on 10 meds’ a day to keep them walking and breathing Exactly my thought too. A doctor told me once, it's no problem nowadays keeping almost everybody alive until they're 100, by machines etc. It's not the same as being able to work.
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Post by Deleted on Aug 26, 2019 16:29:30 GMT
To be honest I aint really that fussed. Would rather carry on working, rather than a retirement in poverty. That's great if you physically can. Many just won't be able to. And good luck claiming disability or sickness benefits. It's a really bleak future for millions And what company will want you stinking the office out with piss and fiery jack edit apart from where harryburrows works
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Post by harryburrows on Aug 26, 2019 17:56:58 GMT
That's great if you physically can. Many just won't be able to. And good luck claiming disability or sickness benefits. It's a really bleak future for millions And what company will want you stinking the office out with piss and fiery jack edit apart from where harryburrows works I've stocked up on old spice mate
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Post by Deleted on Aug 26, 2019 18:58:22 GMT
That made me laugh out loud Mary!
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