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BS: Retirement age to move to 70 in the UK
| Mr Red | 16 Dec 13 - 08:00 AM | |
| GUEST,Musket | 16 Dec 13 - 09:21 AM | |
| Richard Bridge | 16 Dec 13 - 05:12 PM | |
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BS: Retirement age to move to 70 in the UK
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Subject: RE: BS: Retirement age to move to 70 in the UK From: Mr Red Date: 16 Dec 13 - 08:00 AM NI contributions have never paid for YOUR pension. The money collected as part of NI/Tax is paid to "pensioners now" and there is no pension pot, communal or personal. In effect government(s) is mortgaging the future. Thus there is a misconception in the public's mind and governments of all times and hue are careful not to mention this even obliquely. NI paid is morally yours, but ........... ever thought why it is called insurance? Personal pension plans are "investment" and you own them while you are alive. Various UK governments have tried to convince people to take out personal pensions in the hope that they can reduce the government stake in collecting and handling it all and make wages look better. Smoke and mirrors applies. |
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Subject: RE: BS: Retirement age to move to 70 in the UK From: GUEST,Musket Date: 16 Dec 13 - 09:21 AM I'd be happier to hear of government plans to get younger people into work rather than block up the system with people who need ironing. The projected life expectancy is either increasing or decreasing depending on which official statistics you look at. The regional variations are also rather marked. The chancellor said in his Autumn statement that there are more people in work than just before the election. What he failed to say was that despite that, the national insurance take has dropped. Mainly due to lower pay jobs and zero hour contracts. They are right in asking where the money is coming from to look after the old in years to come, but wrong in proposing the answer. A healthy economy with well paid jobs, a swing in the manufacturing to service ratio towards the former and an emphasis on getting younger people into work. For me, one of the saddest acronyms going is NEET. The number of young people not in employment, education or training is shocking. Get more people feeding national insurance now and you have less to worry about later. Basics such as this should be above partisan debate. It is a key tenet of any party who wishes to form a UK government, or should be..... Still, nice to see Bridge feeling down the side of his armchair for his copy of Das Capital.... |
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Subject: RE: BS: Retirement age to move to 70 in the UK From: Richard Bridge Date: 16 Dec 13 - 05:12 PM Spell it right, Mither. |
