News1 min ago
Flat Rate Pension £144 P.w.
33 Answers
If this does come into force in 2015/16, does this mean that if a pensioner receives more than this because of length of time paying in during working life, it will drop DOWN to £144 p.w. anyway ?
Answers
The changes aren't planned to come in 'until 2017 at the earliest'. Further, only people who attain pensionable age after that date will be affected by the new rules. Existing pensioners will see no changes. See here for how the system will work: http://
14:57 Mon 18th Mar 2013
I stayed at home to bring up my children so I didn't pay enough stamps to cover my pension. This means that I only get around £35 per week. I can't claim pension credit because my husband is younger than me and still works. He also gets an army pension. So I'm single when it comes to paying in but married when it comes to claiming anything!
So will you benefit from the new flat rate pension then Kathyan?
I'm sure there are some who prefer to keep things as they are and some that will welcome the change.
craft- is it this change that's making you feel like a second class system? Or just the fact that you have no control over the state pension you'll get.
I'm sure there are some who prefer to keep things as they are and some that will welcome the change.
craft- is it this change that's making you feel like a second class system? Or just the fact that you have no control over the state pension you'll get.
Kathyrn - your post crossed with mine. You WILL get credits for the years at home bringing up the children. It's what brings Mrs Buildersmate over the necessary 35 years - just!
Get onto the Pensions Agency to get their statement on the number of years you have. Get back onto here if you think they got it wrong.
Get onto the Pensions Agency to get their statement on the number of years you have. Get back onto here if you think they got it wrong.
As Buenchico says, only people who attain pensionable age in 2016/17 will be affected by the new £144 pw pension.
Strange that today's Sun Newspaper shows a picture of a lady pensioner followed by the quote:
RETIRED nurse Rita Squire, 78, will not see any immediate change.
She will be £59.65 per week better off once the single flat-rate pension is brought in, but this is not expected to be until 2016/2017.
Rita, from Baguley, Gtr Manchester, who now has a state pension of £84.35 per week, said: “A flat-rate pension is a much fairer way to go about it.
“The thing is, if the cost of living keeps increasing at the current rate, we’ll need even more than that by 2016.”
http://
Strange that today's Sun Newspaper shows a picture of a lady pensioner followed by the quote:
RETIRED nurse Rita Squire, 78, will not see any immediate change.
She will be £59.65 per week better off once the single flat-rate pension is brought in, but this is not expected to be until 2016/2017.
Rita, from Baguley, Gtr Manchester, who now has a state pension of £84.35 per week, said: “A flat-rate pension is a much fairer way to go about it.
“The thing is, if the cost of living keeps increasing at the current rate, we’ll need even more than that by 2016.”
http://
Not sure what point you are making Lord Prize?
"see no immediate change ..." true, as in 2016/17 is not 'immediate'
“The thing is, if the cost of living keeps increasing at the current rate, we’ll need even more than that by 2016.” - yes, and even George knows that. The £144 pw is quoted in today's money, it WILL be more in 2016/17.
"A flat-rate pension is a much fairer way to go about it" - those who haven't put into it are bound to say that. Those that have and find those that didn't getting the same will not think it fair.
Moral? - read a better quality newspaper. Sun readers don't care who runs the country provided she has big ...............
"see no immediate change ..." true, as in 2016/17 is not 'immediate'
“The thing is, if the cost of living keeps increasing at the current rate, we’ll need even more than that by 2016.” - yes, and even George knows that. The £144 pw is quoted in today's money, it WILL be more in 2016/17.
"A flat-rate pension is a much fairer way to go about it" - those who haven't put into it are bound to say that. Those that have and find those that didn't getting the same will not think it fair.
Moral? - read a better quality newspaper. Sun readers don't care who runs the country provided she has big ...............
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