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Pensions Triple Lock

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Pensions Triple Lock

Old 22nd Jun 2022, 16:20
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QTG
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Pensions Triple Lock

So the Triple Lock pension rise is to be restored, giving us old folk around +10% from next April.

Heartening to read the following on the BBC website:

”Economist and Labour adviser Jim O'Neill said the "constant protection of pensioners" was "ludicrous".
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Old 22nd Jun 2022, 16:46
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Originally Posted by QTG View Post
So the Triple Lock pension rise is to be restored, giving us old folk around +10% from next April.

Heartening to read the following on the BBC website:

”Economist and Labour adviser Jim O'Neill said the "constant protection of pensioners" was "ludicrous".
I think that's what's usually called " traditional Tory values ". closely aligned with "the caring party "....as interpreted by the current (non) Tory Gov't.

True, I will benefit...cue "loads a money ! "...but, not really because by the time this comes into effect next April, inflation will have ensured there's very little difference in disposable income.

This gesture is just another Boris distraction / bribe offering...will come in useful as another electioneering slogan. And please remember, not every pensioner getting state pension will benefit...those born prior to the date change of the "old" pension are already behind in income and those whose retirement age has been kindly increased, not forgetting the travesty of women's payment age increases, won't benefit much either.
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Old 22nd Jun 2022, 16:51
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SWMBO and I are both pensionners. When we heard of the big rise next year, we both thought it was great. But thinking about it, we could do OK with less. However, my older brother's work pension was stolen from him by his employer. He needs the increase.
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Old 22nd Jun 2022, 16:56
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I'm a UK pensioner having worked from the age of 18 until retirement at age 60. Although for part of that time I was "contracted out" I still have maximum contributions over and above the the threshold number of years and I'm on the "new deal" which came in a few years ago. (although that meant I couldn't claim until age 66).

For this I receive £787.40 every 28 days or £10,236.20 per year - no tax or social tax taken off that amount.

I have no idea how pensioners without other income can get by on that..............
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Old 22nd Jun 2022, 17:00
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Will they also be increasing the rate of benefits to those who are disabled as well?
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Old 22nd Jun 2022, 18:04
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Having paid in most of my life I retired in to the 'Developing world " (Which I love)
No regrets but note:
A, Uk National Pensions Frozen
B. Voting rights in the UK abolished
Gee , thanks!
NB my pensions are taxed in the U,K at Source
"Taxation without represėntation of course""
Boston tea party ring a bell
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Old 22nd Jun 2022, 18:22
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As the 'Commentariat' would say - "Let's unpick that" ...
Not effective until next April, so no immediate cost,
Some worrying by-elections coming up, and pensioners are the most likely to vote and least likely to vote Left wing.
Timing, in politics, is everything ...
Cynical ? moi ?
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Old 22nd Jun 2022, 18:32
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The triple lock is ridiculous - if it was extended to anyone else the papers would be in meltdown

Pure vote fodder
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Old 22nd Jun 2022, 20:54
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On the subject of pensions, I wonder if the CAA are looking at increasing the pilot mandatory retirement age to be kept inline with the new increased ages for state pensions as justified by the government due to older poelpe being healthier, still obviously able to work and generally living longer?
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Old 22nd Jun 2022, 21:27
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Why do people always talk about `Pensioners` in derogatory terms forgetting they will be one eventually?
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Old 22nd Jun 2022, 22:30
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Obviously they believe that pilots are paid enough to tide them over for six or seven years without income.
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Old 23rd Jun 2022, 13:25
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How it can be possibly viewed as fair or equable that pensioners can get a 10% increase yet people who are working, and essentially paying for pensioners are somehow not worthy of 5%, let alone 10% is difficult to fathom. And I say that as someone who has retired and will begin enjoying the wonderful UK state pension from later this year, so would benefit from it.

Either neither pensioners nor working people are worthy of inflation matching increases, or both are. The government needs to make up its mind, and stop doing exactly as @Cornish Jack has said:-

Some worrying by-elections coming up, and pensioners are the most likely to vote and least likely to vote Left wing.
Timing, in politics, is everything ...
I just wish younger people would realise that its only by voting (doesn't matter which way) they get the attention of governments, and society becomes less skewed towards one pressure group or the other.

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Old 23rd Jun 2022, 15:08
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Anyone have a clue how I can check that I actually
receive the correct amount of state pension ?
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Old 23rd Jun 2022, 16:30
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Originally Posted by esa-aardvark View Post
Anyone have a clue how I can check that I actually
receive the correct amount of state pension ?
It's quite complex depending on your age and previous NI payment types and number of full years (you paid enough NI in)

You can print out (expand all the sections) your lifetime NI contribution record (amount per year, year by year) on the GOV.UK site, Any decent accountants should be able to check the calculation and advise you from there.
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Old 23rd Jun 2022, 18:55
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If it were thus.
I'm taxed at source in the U.K. by a system that has unilaterally frozen my rights for a pension increasefor years despite my still paying U.k taxes at source.
I cannot now even vote in my constituency,
Super
and you wonder why Idon't come'home'"


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Old 23rd Jun 2022, 19:33
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I just wish younger people would realise that its only by voting (doesn't matter which way) they get the attention of governments, and society becomes less skewed towards one pressure group or the other.
Would that it were thus. !
The 'younger people' are just as able as their elders to realise the deficiencies of the 'System'. Just voting is yet another 'postcode lottery'. If you happen to live or have a vote in marginal or swing constituencies, voting makes sense. Otherwise, the only way you can make a difference is by some form of 'tactical voting' .- and that takes organisation. The major Parties will ensure, as far as they are able. that any such action is minimised.
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Old 23rd Jun 2022, 20:25
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Originally Posted by Haraka View Post
If
I cannot now even vote in my constituency,
e'"
I live abroad and am also unable to vote, but think this is completely in order. The number of things that will affect me will be very small, and I don't therefore think a vote equal to that of full-time citizens is equitable.
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Old 23rd Jun 2022, 21:56
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Originally Posted by Tartiflette Fan View Post
I live abroad and am also unable to vote, but think this is completely in order. The number of things that will affect me will be very small, and I don't therefore think a vote equal to that of full-time citizens is equitable.
That sounds correct. The non domiciled Scots living in England would never be allowed to vote by the SNP in an independence referendum. Self defeating.
However, allow the educated and worldly wise 16 year olds that populate the south of Glasgow sink estates to vote and things look better for the nationalists.
Horror.
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Old 24th Jun 2022, 10:08
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However, allow the educated and worldly wise 16 year olds that populate the south of Glasgow sink estates to vote and things look better for the nationalists.
Horror.

Oh dear ! The inter-galactic warp has burped yet another classic of other-worldly philosophy !
In that area of the Universe, intelligence is, apparently, directly attributable to age and place of residence. The Earthly principle, (whereby one can make a reasoned distinction between, say, a self-obsessed Lying Buffoon and a teen-aged gtrl with an obsession with climate change (and a quite remarkable effort to support her belief )), takes its value from commonsense rather than prejudice.
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Old 24th Jun 2022, 10:16
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I reckon there are couple of posters hereabouts who would very much enjoy a couple of glasses of Claret in each others company!! (perhaps even a trip around the bay on a sail driven vessel).
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