Westley Posted February 5 Report Share Posted February 5 5 minutes ago, GingerCat said: Won't get mine till 60. Thanks to Mrs May. I get sick of being told how wonderful my pension is, the fact that I paid into it every 4 weeks for almost 30 years is irrelevant ! 🙄 Quote Link to comment Share on other sites More sharing options...
marsh man Posted February 5 Report Share Posted February 5 I was a bricklayer most of my working life and retired at 60 due to my back couldn't no longer cope with the constant heavy work , no way could I have carried on till I was 65 let alone 70/71 , no point in working all of your life and then to disabled to enjoy your retirement . just cut out all the expensive stuff and enjoy whatever time you have got left . MM Quote Link to comment Share on other sites More sharing options...
shaun4860 Posted February 5 Report Share Posted February 5 I’m due mine at 66 and 3 months. That’s November 4th 2026 🤞🏼 Quote Link to comment Share on other sites More sharing options...
GingerCat Posted February 5 Report Share Posted February 5 15 minutes ago, Westley said: I get sick of being told how wonderful my pension is, the fact that I paid into it every 4 weeks for almost 30 years is irrelevant ! 🙄 Everyone who can retire is. Some who really can't but are anyway. Quote Link to comment Share on other sites More sharing options...
enfieldspares Posted February 5 Report Share Posted February 5 (edited) 5 hours ago, Newbie to this said: Someone (can't remeber who) did suggest once that there should be a tiered system for drawing of state pensions, depending on you job, with those doing physical labour drawing earlier than those in offices. It didn't get far They have it in France. Trouble is work practices change yet the unions won't then allow the age to be adjusted to take account of that. So, the example always given, French train drivers receive state pension at age forty-four. Which had reason when the guys were on an open footplate for seven hours plus in freezing weather travelling from Paris to Marseille in dead of a wet and rainy Winter night in the 1870s and onwards. But not now in modern TGV trains in 2024. Yet they still (or until recently) were entitled to retire on state pension at age forty-four. Edited February 5 by enfieldspares Quote Link to comment Share on other sites More sharing options...
Agriv8 Posted February 5 Report Share Posted February 5 4 hours ago, Scully said: Had a look and I’m eligible for mine next year, at 65. Talking to an ex cop in beaters wagon on beaters day last week, and he was telling me his brother joined the rozzers at 18, did his 30 years and retired at 48. Some folk just seem to get it right. But even with all that they can keep and retain police officers- I would not be one for all the tea in china or a decent pension! nephew has just got his warrant card and on second year of probation spends more time dealing with those with mental illness or social services issues he doesn’t get much time for proper policing! He loves it but mentally he says he can’t see being able to cope for 30 years ! The politicians pension scheme is still one of the best. regards Agriv8 Quote Link to comment Share on other sites More sharing options...
Yellow Bear Posted February 5 Report Share Posted February 5 1 minute ago, Agriv8 said: The politicians pension scheme is still one of the best IIRC the Civil Service one is the best - Now there's a surprise Quote Link to comment Share on other sites More sharing options...
Agriv8 Posted February 5 Report Share Posted February 5 1 minute ago, Yellow Bear said: IIRC the Civil Service one is the best - Now there's a Quote Link to comment Share on other sites More sharing options...
Scully Posted February 5 Report Share Posted February 5 45 minutes ago, GingerCat said: Not 100% to be honest but from memory there is, I know index linking doesn't come in till 55. Either way it's a huge chunk of my pay for what was very good and is now not anywhere near as good. A lot of the new joiners opt out and that leads to a transient workforce who get their degree paid for and then leave after training or stay a few years and jog on elsewhere for a lot more pay. Seriously thought of jacking it in however where I live I'd be dreaming of a salary the same, after 20 years and lots of hoop jumping (no sniggering at the back) the kids and schooling cement me staying. I’m just passing on what I was told. He was positive there were no penalties. Quote Link to comment Share on other sites More sharing options...
Agriv8 Posted February 5 Report Share Posted February 5 Just now, Agriv8 said: 2 minutes ago, Yellow Bear said: IIRC the Civil Service one is the best - Now there's a It a very close second Quote Link to comment Share on other sites More sharing options...
marsh man Posted February 5 Report Share Posted February 5 20 minutes ago, shaun4860 said: I’m due mine at 66 and 3 months. That’s November 4th 2026 🤞🏼 Are you carrying on Shaun and letting your state pension pot get a bit bigger ? , or is that a silly question Quote Link to comment Share on other sites More sharing options...
Scully Posted February 5 Report Share Posted February 5 45 minutes ago, TOPGUN749 said: You are talking about your private pension I take it? As the state pension age is currently 66. No, my state pension. I forgot how old I am! I’m 65 this year! 🤪 Quote Link to comment Share on other sites More sharing options...
Nublue 22 Posted February 5 Report Share Posted February 5 That must mean that you'll work tell your 71, that will be interesting, Quote Link to comment Share on other sites More sharing options...
Westley Posted February 5 Report Share Posted February 5 (edited) 5 minutes ago, Scully said: No, my state pension. I forgot how old I am! I’m 65 this year! 🤪 Bloomin eck......no wonder you didn't notice the 'hill' at Paintmine ! 😂 I have been retired 24 years this year ! Edited February 5 by Westley Quote Link to comment Share on other sites More sharing options...
JohnfromUK Posted February 5 Report Share Posted February 5 1 minute ago, Scully said: there were no penalties. I think that there would be with some policies, maybe not others. Similarly most policies where the beneficiary contributes, tax relief is claimed on the contributions. If you start the pension too early, you may have to repay any tax relief. The rules are often complex and have changed over time, but there are both 'scheme rules' for different schemes and 'tax rules' which would again depend on who pays and whether any tax relief was claimed on payments. Not sure how the tax rules apply where the scheme is non contributory. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted February 5 Report Share Posted February 5 (edited) 55 minutes ago, TOPGUN749 said: I know of someone who hasn’t worked for over 30 years,getting a sickness benefit and getting full council house rent paid and free council tax,now recently turned 66,gets the full £203.85 a week pension and continuing to pay zero rent or council tax,the whole package must be worth £18,000 a year.I have worked 45+ years paying National insurance and all I get is the £203.85 a week. You are talking about your private pension I take it? As the state pension age is currently 66. Hello, With £203.85 a week you should be entitled to some extra money ? although for a couple it might be added to the full rate, it is certainly worth checking, yes i know people that are on the basic pension who get all the extra money, you only have to get a few extra £s like me and you get sod all, !!!!, i think back now many years working and paying the full amount of contributions from 16 years old was it worth it ???? , anyway its all done and dusted now so no use moaning to my self, 🤔🙄😁 Edited February 5 by oldypigeonpopper Quote Link to comment Share on other sites More sharing options...
JohnfromUK Posted February 5 Report Share Posted February 5 5 minutes ago, Scully said: No, my state pension. I forgot how old I am! I’m 65 this year! 🤪 My state pension started in 2023. I have to say that it was efficiently organised and started just as expected. Quote Link to comment Share on other sites More sharing options...
GingerCat Posted February 5 Report Share Posted February 5 2 minutes ago, JohnfromUK said: I think that there would be with some policies, maybe not others. Similarly most policies where the beneficiary contributes, tax relief is claimed on the contributions. If you start the pension too early, you may have to repay any tax relief. The rules are often complex and have changed over time, but there are both 'scheme rules' for different schemes and 'tax rules' which would again depend on who pays and whether any tax relief was claimed on payments. Not sure how the tax rules apply where the scheme is non contributory. The police pension is not non contributory. Sadly. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted February 5 Report Share Posted February 5 10 minutes ago, oldypigeonpopper said: Hello, With £203.85 a week you should be entitled to some extra money ? although for a couple it might be added to the full rate, it is certainly worth checking, yes i know people that are on the basic pension who get all the extra money, you only have to get a few extra £s like me and you get sod all, !!!!, i think back now many years working and paying the full amount of contributions from 16 years old was it worth it ???? , anyway its all done and dusted now so no use moaning to my self, 🤔🙄😁 Just to add, looking at any future plans , will i need a care home or a warden controlled accommodation, my dad ended in a care home and the council took every £ but gave him £10 a week, That was a Navy, and 3 other pensions 🤔, i need to spend more, 🤔😁 Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted February 5 Report Share Posted February 5 The income limit to qualify for pension credit is deliberately set just below the new state pension rate,at about £201 a week I believe so if you receive the £203.85 you can’t claim any extras! It’s the main reason the higher new pension was introduced-to stop claims for all the council tax rebates,housing etc. Quote Link to comment Share on other sites More sharing options...
Scully Posted February 5 Report Share Posted February 5 1 hour ago, Westley said: Bloomin eck......no wonder you didn't notice the 'hill' at Paintmine ! 😂 I have been retired 24 years this year ! 😄👍 Quote Link to comment Share on other sites More sharing options...
JohnfromUK Posted February 5 Report Share Posted February 5 8 hours ago, Lloyd90 said: UK population just under 68,000,000. 21,600,000 are on benefits of some form (a good chunk pensioners, having tops, housing benefit etc). I imagine the bigger problem is people not paying in at all, not people starting work a few years later. I read this evening that 2.8M are on long term sick leave https://www.dailymail.co.uk/news/article-13047759/Sickness-Britain-long-term-record-high-Covid.html There are around 33M in work. Lots of figures here, but around 6.7M of working age are 'economically inactive'. Arouynd 21% https://researchbriefings.files.parliament.uk/documents/CBP-9366/CBP-9366.pdf Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted February 5 Author Report Share Posted February 5 42 minutes ago, JohnfromUK said: I read this evening that 2.8M are on long term sick leave https://www.dailymail.co.uk/news/article-13047759/Sickness-Britain-long-term-record-high-Covid.html There are around 33M in work. Lots of figures here, but around 6.7M of working age are 'economically inactive'. Arouynd 21% https://researchbriefings.files.parliament.uk/documents/CBP-9366/CBP-9366.pdf Yep, and of those 33m in work, how many of them are part time / low earners? How many will be working a handful of hours and claiming working tax credits to top up? The average median income of all workers (part and full time) is £27,756. Someone on that money pays £1518.60 a year in national insurance. If all 33m paid that amount on average it’s around £50B a year (but a lot won’t pay in!). The benefit expenditure a year is around £230B+ a year. No wonder they keep putting the pension age up! Perhaps they should stop paying the stamp of people not working? They’ve not paid in so why are they getting the stamp and the full pension as someone who’s worked all their lives? Quote Link to comment Share on other sites More sharing options...
Wilts#Dave Posted February 5 Report Share Posted February 5 58 minutes ago, Lloyd90 said: Yep, and of those 33m in work, how many of them are part time / low earners? How many will be working a handful of hours and claiming working tax credits to top up? The average median income of all workers (part and full time) is £27,756. Someone on that money pays £1518.60 a year in national insurance. If all 33m paid that amount on average it’s around £50B a year (but a lot won’t pay in!). The benefit expenditure a year is around £230B+ a year. No wonder they keep putting the pension age up! Perhaps they should stop paying the stamp of people not working? They’ve not paid in so why are they getting the stamp and the full pension as someone who’s worked all their lives? Doesn’t seem fair does it! Quote Link to comment Share on other sites More sharing options...
shaun4860 Posted February 6 Report Share Posted February 6 4 hours ago, marsh man said: Are you carrying on Shaun and letting your state pension pot get a bit bigger ? , or is that a silly question data:image/gif;base64,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 I’m 63 now and as soon as I’m able I’m claiming it. If I die 🫣 before it’s due nothing is given to my estate which I think is wrong. I am constantly being advised to get what you can as soon as you can as you never know what’s round the corner Quote Link to comment Share on other sites More sharing options...
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