News1 min ago
Living Wage
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“The government minimum wage (for over 25s) so that people can live reasonably is £8.72 an hour x 36hrs equals £314.00 x 4 weeks equals £1,256.00 per month x 12 months equals £15070.00 per year.
Why is it that pensioners who have paid half a century’s worth of tax and N.I. are given £8840.00 to live on “comfortably”. What a disgrace it makes me sick pensioners are getting nearly half of the minimum wage.”
Why is it that pensioners who have paid half a century’s worth of tax and N.I. are given £8840.00 to live on “comfortably”. What a disgrace it makes me sick pensioners are getting nearly half of the minimum wage.”
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I presume the government thinks that living expenses are less when you are at pension age (66?).
I’m now retired (57) and I must admit my outgoings are now less than when I was in my 30’s.
The state pension is one of the lowest in Europe , yet we are the 5th largest economy in the world.
Funding a free health service for the world isn’t cheap and uses a large chunk of taxation collected.
When I was last working in the uk (2016) as an IT professional I was on £69,500 a year + 10% annual bonus when I took redundancy and retired.
I now say I can live on £20,000 a year easily.
Could I live on state pension?
It would be a struggle and I don’t think I could.
Our council tax is £2,550 a year (madness) and on a state pension that would be a large chunk of income gone paying that.
Pensioners need to be more vocal and unite to put pressure on government to increase state pensions.
This year is an example of where pensions would have gone up 8% plus , yet the government cancelled the triple lock with little resistance.
I’m now retired (57) and I must admit my outgoings are now less than when I was in my 30’s.
The state pension is one of the lowest in Europe , yet we are the 5th largest economy in the world.
Funding a free health service for the world isn’t cheap and uses a large chunk of taxation collected.
When I was last working in the uk (2016) as an IT professional I was on £69,500 a year + 10% annual bonus when I took redundancy and retired.
I now say I can live on £20,000 a year easily.
Could I live on state pension?
It would be a struggle and I don’t think I could.
Our council tax is £2,550 a year (madness) and on a state pension that would be a large chunk of income gone paying that.
Pensioners need to be more vocal and unite to put pressure on government to increase state pensions.
This year is an example of where pensions would have gone up 8% plus , yet the government cancelled the triple lock with little resistance.
If you live in London and are over 60 you get free travel on buses, tube, Docklands Light Railway and London Overground. What a shame I don't live there anymore!
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I've just checked with my supplier...letters are sent out to those in receipt of pension credit.
So that's something to be aware of for anyone who wants or needs to take advantage of it.
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So that's something to be aware of for anyone who wants or needs to take advantage of it.
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A lot of pensioners use their £200 for things other than heating. It's more of a Christmas bonus to them. In fairness, though, if bills are rising no one else will get extra to help pay them. People at work have to adjust their budget and there's no reason pensioners shouldn't expect to do likewise.
