steve_b_wales Posted Tuesday at 17:06 Report Share Posted Tuesday at 17:06 Fantastic news! My state pension (and everyone else's of course) is going up by an extra £36:20 per month. I'll be rich beyond my wildest dreams!!!! Quote Link to comment Share on other sites More sharing options...
Dougy Posted Tuesday at 17:18 Report Share Posted Tuesday at 17:18 £432 a year, Car insurance paid for, look at the glass half full, you could even say its the heating allowance back for you. Quote Link to comment Share on other sites More sharing options...
ditchman Posted Tuesday at 17:30 Report Share Posted Tuesday at 17:30 "spare a bob for the elderly guvnor..." "gort any changeeee"..... Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted Tuesday at 17:36 Report Share Posted Tuesday at 17:36 (edited) They give us £470 a year rise and take back £94 in tax from most of us! So we’re left with £376, Then we lost the £200 heating allowance,so we’re up £176, then the council tax will take over £100 extra in April,so £76 left to pay extra water charges, utilities,and all the other inflation over 12 months!🤣🤣 Edited Tuesday at 17:38 by TOPGUN749 Quote Link to comment Share on other sites More sharing options...
Cosmicblue Posted Tuesday at 21:10 Report Share Posted Tuesday at 21:10 I'm grateful to have lived long enough to collect the State pension, I'll take it! Quote Link to comment Share on other sites More sharing options...
CharlieT Posted Wednesday at 18:17 Report Share Posted Wednesday at 18:17 On 18/02/2025 at 17:36, TOPGUN749 said: They give us £470 a year rise and take back £94 in tax from most of us! So we’re left with £376, Then we lost the £200 heating allowance,so we’re up £176, then the council tax will take over £100 extra in April,so £76 left to pay extra water charges, utilities,and all the other inflation over 12 months!🤣🤣 And to add insult to injury I have recently had a letter from DWP to tell me that noew I'm 80 I qualify for an extra 25p per week.........less income tax as you say, what a joke. Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted Wednesday at 18:28 Report Share Posted Wednesday at 18:28 Yes it’s a joke! I remember my Grandfather saying he was getting an extra 5 shillings a week about 1970,and it’s not changed since, should be £10 now at least with 55 years of inflation! The £10 Christmas bonus is the same never increased from the start! Quote Link to comment Share on other sites More sharing options...
Bobba Posted Thursday at 09:45 Report Share Posted Thursday at 09:45 And why is it so complicated? Just had my notification “about the general increases in benefits”. Without showing the amounts £ it reads:- basic state pension + pre 97 additional state pension LESS contracted-out deduction + post 97 additional state pension + graduated retirement benefit + age addition (25p) = the amount each week is…….£££ Yours sincerely, Office Manager. surely it’s not rocket science to simplify and consolidate these 6 elements into one payment scheme and reduce IT systems software and staff Nos. Any PW members here in the DWP who can shed light on this complexity? Quote Link to comment Share on other sites More sharing options...
old man Posted Thursday at 09:54 Report Share Posted Thursday at 09:54 7 minutes ago, Bobba said: And why is it so complicated? Just had my notification “about the general increases in benefits”. Without showing the amounts £ it reads:- basic state pension + pre 97 additional state pension LESS contracted-out deduction + post 97 additional state pension + graduated retirement benefit + age addition (25p) = the amount each week is…….£££ Yours sincerely, Office Manager. surely it’s not rocket science to simplify and consolidate these 6 elements into one payment scheme and reduce IT systems software and staff Nos. Any PW members here in the DWP who can shed light on this complexity? Why would they want anyone to be able to easily understand the system? Quote Link to comment Share on other sites More sharing options...
Bigbob Posted Thursday at 16:02 Report Share Posted Thursday at 16:02 6 hours ago, old man said: Why would they want anyone to be able to easily understand the system? They dont thats why they make the forms so hard folk wont or give up filling them in to get benefits there entailed too Quote Link to comment Share on other sites More sharing options...
Nublue 22 Posted Thursday at 16:13 Report Share Posted Thursday at 16:13 I can't still believe we just let them rise the age from 65 to 67 and just expected it, it will get to 70 soon, Quote Link to comment Share on other sites More sharing options...
Bigbob Posted Thursday at 16:15 Report Share Posted Thursday at 16:15 1 minute ago, Nublue 22 said: I can't still believe we just let them rise the age from 65 to 67 and just expected it, it will get to 70 soon, It wont matter if they do pensioners will only get £1 a year pension rise and no winter fuel allowance , and you will be working till you drop saving the government a fortune Quote Link to comment Share on other sites More sharing options...
RCB56 Posted Thursday at 16:36 Report Share Posted Thursday at 16:36 I've been thinking what to do with my pension increase and have made my mind up. I'm going to spend half of it on Wild Women and Drink, then I'll squander the other half. Quote Link to comment Share on other sites More sharing options...
old man Posted Thursday at 17:21 Report Share Posted Thursday at 17:21 1 hour ago, Nublue 22 said: I can't still believe we just let them rise the age from 65 to 67 and just expected it, it will get to 70 soon, Possibly doesn't apply to the mp class? Gold plating for toiling so hard on behalf of the country? Quote Link to comment Share on other sites More sharing options...
Cranfield Posted Friday at 13:05 Report Share Posted Friday at 13:05 I haven't received a notification of the State Pension increase yet, but I have received two code adjustments from the Inland Revenue dated 3 days apart, both increasing my tax payments for the coming year. One for the pension increase and the other for interest I have received from savings. The more you tried to ensure your own financial wellness, the more they screw you. Quote Link to comment Share on other sites More sharing options...
old man Posted Friday at 14:51 Report Share Posted Friday at 14:51 1 hour ago, Cranfield said: I haven't received a notification of the State Pension increase yet, but I have received two code adjustments from the Inland Revenue dated 3 days apart, both increasing my tax payments for the coming year. One for the pension increase and the other for interest I have received from savings. The more you tried to ensure your own financial wellness, the more they screw you. Certainly, independent financial activity is frowned on? Quote Link to comment Share on other sites More sharing options...
steve_b_wales Posted Friday at 22:12 Author Report Share Posted Friday at 22:12 As I mentioned before, when I became eligible for state pension, and the fact that I continued to work full time, my personal tax allowance was reduced from £12750 to just over £2000! Quote Link to comment Share on other sites More sharing options...
amateur Posted Friday at 22:30 Report Share Posted Friday at 22:30 15 minutes ago, steve_b_wales said: As I mentioned before, when I became eligible for state pension, and the fact that I continued to work full time, my personal tax allowance was reduced from £12750 to just over £2000! Which would be correct, because you were receiving about £10k tax-free Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted Saturday at 17:40 Report Share Posted Saturday at 17:40 19 hours ago, steve_b_wales said: As I mentioned before, when I became eligible for state pension, and the fact that I continued to work full time, my personal tax allowance was reduced from £12750 to just over £2000! And with the pension going up to £11973 in April, you will only be allowed £577 before paying 20%. Quote Link to comment Share on other sites More sharing options...
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