ChatterBank0 min ago
Retirement Pensions
13 Answers
I am a long way off retiring, but I found it appalling the way the government is constantly underming the principle of having a state pension by claiming it is unaffordable. This is nonsense as the national insurance fund not only covers the pension liabilities but actually runs at a surplus. Does anybody else find this as annoying as I do?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Really THECORBYLOON? Where do you get that figure from? According to the governments own Actuary the fund has an annual surplus of about £2 billion and an accumulated surplus of £114.7 billion as of 2012. Even if this is amended, as seems likely, then the accumulated surplus will still be £30 billion. Rather shoots down your arguement?
Check the figures your self
http:// www.gad .gov.uk /Docume nts/Soc ial%20S ecurity /GAD_re port_28 0111.pd f#searc h=" ;nation al insurance fund surplus"
Check the figures your self
http://
LOL..well if one asks the Government then they will say State Pensions are unaffordable, ask the unions and pensioners and they say they are affordable.
If one asks the Government if the NHS pensions are affordable then they will say no, they are not,but ask the doctors (BMA) and Unison and they will say the pensions ARE affordable.
Both side will provide figures and statistics to support their case.
Take your pick.
If one asks the Government if the NHS pensions are affordable then they will say no, they are not,but ask the doctors (BMA) and Unison and they will say the pensions ARE affordable.
Both side will provide figures and statistics to support their case.
Take your pick.
Paganman, the GAD figures you quoted are a few years out of date. I used the latest figures and while there is an accrued surplus, there is a deficit in the annual income of NI against Benefit payments and the report shows the surplus will be only 19.1% of the benefit to be paid in 2017/18 compared to about 30% at the moment.
You still need independent pension provision appalled or not.
Start off with your occ pension because there will be an employer's contribution and maximise that
then after a pensions forecast - think about a stakeholder and or a FSAVC
This is advice I have given in various forms to everyone who asks and a few who havent, and how many have taken the advice ? That is of course their affair.
Start off with your occ pension because there will be an employer's contribution and maximise that
then after a pensions forecast - think about a stakeholder and or a FSAVC
This is advice I have given in various forms to everyone who asks and a few who havent, and how many have taken the advice ? That is of course their affair.
>>>I found it appalling the way the government is constantly underming the principle of having a state pension.
The proposed 'single-tier' pension does exactly the opposite of that!
http:// www.age uk.org. uk/mone y-matte rs/pens ions/wh at-the- new-sta te-pens ion-ref orms-me an-for- you/
The proposed 'single-tier' pension does exactly the opposite of that!
http://