hi

There are several mentions here about the proposal ( it is no more than that) to simplfy the pension payment structure.

There are no real details yet, only an estimate that a figure of £140 per week for everyone over the pension age. As usual there are no figures or plans of what this might entail or cost are available.

Now that might sound fantastic to some but remember -:

It is only a proposal and mainly by the LibDems !!!
Even if it is agreed by the whole Government;which is doubtful it will not be ready for introduction until the next election in 5 years time.

Many pensioners who also paid into earlier schemes will probably be on nearly £140 per week by then. Winners are likely to be women who did not pay National Insurance for what-ever reason. So this announcement hailed as a fantastic benefit for all pensioners is not quite what it is being made out to be.

There are already murmurs of discontent about the thought of people who haven't contributed getting as much as those who have.

Cheers

MikeL2