UK State Pension

[hammocity]

Do Pensioners Qualify For Boiler Heating And Insulation Grants | Free UK Energy Grants & Warm Homes Funding

Pensioners may qualify for heating, boiler or insulation support depending on their home and circumstances. Check what may be available with our free Grant Checker.

energysavinggenie.co.uk

Re-furbished. I'm currently listening to my washing machine purring away. It cost £99 fitted and old one removed six years ago.

Six years ago, probably £150 now but I take your point.

 

[sir baconface]

I’ve had my dishwasher nearly 23 years now, it is showing signs of wear and tear and I’m thinking of getting a new one but tbh my daughter loves her mother and she’s good with the dogs.

I’ll hazard a guess she came with no warranty and has cost you more than £99 over the years…

 

[Blue Maverick]

I’ll hazard a guess she came with no warranty and has cost you more than £99 over the years…

Ye things have had to be maintained obviously but things are going wrong with it now so might be time for a newer upto date model.

 

[Fiftyyearsandcounting]

Every Christmas I receive a £10 "Bonus" from the DWP. This payment was first introduced in 1972...and has never been increased since. IF it had increased inline with inflation then, today, it would be worth around £115.

 

[dickie davies]

You can get a fridge or a washing machine for £99 that will last ten years

And it’ll be warmer in there than a pensioners living room now winter fuel payments have ended

 

[halfmist]

Unique talent and work hard?

Poor people obviously don't work hard, motivated I would give you, unique talent not so much.

Life in terms of wealth is about luck and motivation. And if you think motivation is something your born with then it's all.luck I guess.

Well I can only speak from personal experience having been at both ends of the spectrum.
We live in a Society where you are paid what somebody thinks your worth particularly in the non unionised private sector.
If you can bring to the table skills and talents that are rare Society values you rightly or wrongly higher than someone who is easy to replace.
You either are born with a particular skill or you work harder than others to obtain it.
Many of those who you would classify as rich and I probably fall into that category have put everything on the line, subsequently failed ( over 90 % of new businesses last less than 12 months) brushed themselves down and started again taking lessons learned from those mistakes with them.
There is no Government Agency that says it’s a shame, never mind, here is your money back do you want to start again.
So wealth is something that is earned by those who haven’t gone down the steady Eddie weekly or monthly wage guaranteed approach and many would be reluctant to hand back some of that wealth to the State via higher taxes.

 

[carlosthejackal]

Well I can only speak from personal experience having been at both ends of the spectrum.
We live in a Society where you are paid what somebody thinks your worth particularly in the non unionised private sector.
If you can bring to the table skills and talents that are rare Society values you rightly or wrongly higher than someone who is easy to replace.
You either are born with a particular skill or you work harder than others to obtain it.
Many of those who you would classify as rich and I probably fall into that category have put everything on the line, subsequently failed ( over 90 % of new businesses last less than 12 months) brushed themselves down and started again taking lessons learned from those mistakes with them.
There is no Government Agency that says it’s a shame, never mind, here is your money back do you want to start again.
So wealth is something that is earned by those who haven’t gone down the steady Eddie weekly or monthly wage guaranteed approach and many would be reluctant to hand back some of that wealth to the State via higher taxes.

I’d say we live in a society that overvalues many people while it undervalues some of the most important members of society. I’ll start with nurses , paramedics , medical support staff and care workers.

 

[i kne albert davy]

I’d say we live in a society that overvalues many people while it undervalues some of the most important members of society. I’ll start with nurses , paramedics , medical support staff and care workers.

To be fair you really need to start with workers in the private sector first has they have to generate the money to afford the above in the public sector and awful lot of those were under valued for years.

 

[mexico1970]

Six years ago, probably £150 now but I take your hotpoint.

Amended for accuracy.

 

[Kirkstall Blue]

​

The national insurance fund was never meant to be a secure bank account only used for benefits. That's your view of what it should be but it isn't how it was.

The government borrows from that fund when there's a surplus but it also puts money in when there's a deficit

It’s not my view it’s the government’s view the only year of a deficit was Covid 19
? I haven’t relied on a think tank I rely on the government website

What is National Insurance contributions for? “copied from GOV.UK”

National Insurance contributions count towards the benefits and pensions in the following table.

Basic state pension
Additional state pension
New State Pension
New Style Jobseekers Allowance
Contribution-based Employment and Support Allowance
Maternity Allowance
Widows Allowance

The government actuary department “The surplus is loaned to the government debt management to reduce the national debt, previously it was invested into gilt edge securities the surplus is loaned to the government through the Debt Management Office (which is part of the Commissioners for the Reduction of the National Debt), via instruments termed 'Call Notice Deposits'.[6] Previously it was just invested in gilt-edged securities. Interest on the 'Call Notice Deposits' is paid back into the NIF – around £1.3 billion in the 2007/08 year
IMO it’s a pointless discussion read the Beveridge report 1942 on what national insurance scheme was set up to do.

Finally the conservatives intend to merge NIC into general taxation starting in 2027 which will be the final erosion in something set up to protect NIC rights as the state pension is a right.

 

[Mr Kobayashi]

​

It’s not my view it’s the government’s view the only year of a deficit was Covid 19
? I haven’t relied on a think tank I rely on the government website

What is National Insurance contributions for? “copied from GOV.UK”

National Insurance contributions count towards the benefits and pensions in the following table.

Basic state pension
Additional state pension
New State Pension
New Style Jobseekers Allowance
Contribution-based Employment and Support Allowance
Maternity Allowance
Widows Allowance

The government actuary department “The surplus is loaned to the government debt management to reduce the national debt, previously it was invested into gilt edge securities the surplus is loaned to the government through the Debt Management Office (which is part of the Commissioners for the Reduction of the National Debt), via instruments termed 'Call Notice Deposits'.[6] Previously it was just invested in gilt-edged securities. Interest on the 'Call Notice Deposits' is paid back into the NIF – around £1.3 billion in the 2007/08 year
IMO it’s a pointless discussion read the Beveridge report 1942 on what national insurance scheme was set up to do.

Finally the conservatives intend to merge NIC into general taxation starting in 2027 which will be the final erosion in something set up to protect NIC rights as the state pension is a right.

It's been used to fund other things since it's expansion in 1946 but it's only for ringfenced benefits? Just repeat that back to yourself and you will realise why you are wrong.

National insurance is just a second income tax, but the contributions are useful for determining and measuring eligibility for pensions and other contributory benefits.

Successive governments haven't been stealing from pensioners' protected coffers all these years.

 

[carlosthejackal]

To be fair you really need to start with workers in the private sector first has they have to generate the money to afford the above in the public sector and awful lot of those were under valued for years.

On the flip side quite a few wouldn’t be still with us if it wasn’t for those that I’ve highlighted

 

[i kne albert davy]

On the flip side quite a few wouldn’t be still with us if it wasn’t for those that I’ve highlighted

Myself included so eternally grateful, but you still have to realise where the original shillings made to finance everything else.

 

[halfmist]

I’d say we live in a society that overvalues many people while it undervalues some of the most important members of society. I’ll start with nurses , paramedics , medical support staff and care workers.

Those are very emotive occupations. Some work very hard others don’t. It is very difficult to often value someone’s contribution to Society. I don’t think Accountants would be top of anyone’s list of contribution made, yet my calculations of clients tax liabilities over my career resulted in over £500m being paid over by them to HMRC in various taxes over the years and you could probably double that if you include the VAT paid over from returns completed by me on their behalf. No amounts were ever questioned by HMRC so it was down solely to me to ensure they paid the correct amounts. What value is put on that contribution is anyone’s guess

 

[mexico1970]

I’d say we live in a society that overvalues many people while it undervalues some of the most important members of society. I’ll start with nurses , paramedics , medical support staff and care workers.

I'll second that with the police, shop workers,posties, and delivery people . In fact strangely enough everyone that fills a service that keeps the cogs working.

 

[mosssideblue]

I'll second that with the police, shop workers,posties, and delivery people . In fact strangely enough everyone that fills a service that keeps the cogs working.

And I would include bin men and cleaners to the list of vital service providers

 

[halfmist]

I'll second that with the police, shop workers,posties, and delivery people . In fact strangely enough everyone that fills a service that keeps the cogs working.

I suppose the reality is, every occupation is valued by Society otherwise they wouldn’t have a job in the first place

 

[mosssideblue]

I suppose the reality is, every occupation is valued by Society otherwise they wouldn’t have a job in the first place

Except RN Stewards, total waste of victuals :)

 

[mosssideblue]

I suppose the reality is, every occupation is valued by Society otherwise they wouldn’t have a job in the first place

This could be a fascinating discussion. For example, does a surgeon deserve to earn more than a cleaner. I think many would say yes, but without the cleaner, the surgeon couldn’t do his job

 

[flook]

This could be a fascinating discussion. For example, does a surgeon deserve to earn more than a cleaner. I think many would say yes, but without the cleaner, the surgeon couldn’t do his job

could the two swap roles and be successful? Does a cleaner study for a decade to do his job? So yes, obviously the surgeon should be paid more