Pensions

Don't get too excited Corners, with a decent pension you'll still be a taxpayer.

very very true and I'll happily pay them for the benefit of others

Hey - let's not start that "it's just not fair, those lucky teachers have it so cushy" debate again. You'll wake my old mate Kennine up from his current slumbers ( which I, for one, am really appreciating! )   

Frankly, whilst I'm perfectly happy with my own situation, I find this crowing about how well off some people will be with a tax payer funded pension, while others who have paid for it, but have so little themselves, to be quite nauseating and unnecessary.......

Hey - let's not start that "it's just not fair, those lucky teachers have it so cushy" debate again. You'll wake my old mate Kennine up from his current slumbers ( which I, for one, am really appreciating! )   

good point Mr M, anyone could become a teacher, or could have become a teacher (with some qualifications), it is open to all, it's not a closed club or order where only a few select are chosen. You (or one) make a choice weather to become a teacher (or any other good job) and you reap the rewards of that job later in life.

Frankly, whilst I'm perfectly happy with my own situation, I find this crowing about how well off some people will be with a tax payer funded pension, while others who have paid for it, but have so little themselves, to be quite nauseating and unnecessary.......

Really? I must have missed that bit.

Frankly, whilst I'm perfectly happy with my own situation, I find this crowing about how well off some people will be with a tax payer funded pension, while others who have paid for it, but have so little themselves, to be quite nauseating and unnecessary.......

But is it really a tax payer funded pension? Don't people in the public sector pay a substantual contribution into their pensions? When my son was in the public sector he was paying something like 7-8% of his salary. Councils/NHS etc are only contributing the same as many private companies do. If they wish to remain competitive in the jobs market they also have to compete in terms of pensions. Even the public sector is changing with either smaller pensions ot having to wait longer before they get it.

David

Quite right David, private sector and public sector alike employees in both sectors contribute to their pensions. My pension would have been probably more if successive governments hadnt taken billions from it over the years. As I said earlier look at MPs pensions, if you become an MP at 50 you are in office for five years, if after that time you are not re elected you can take your pension. It would be interesting to know how much that pension would be worth.

Whether a pauper or a millionaire we all receive the State Pension and i believe that to be fair but I fear that the day will arrive when that too will be means tested.....

IMO also many people are not contributing to their NI for the the requisite term so something must give

Frankly, whilst I'm perfectly happy with my own situation, I find this crowing about how well off some people will be with a tax payer funded pension, while others who have paid for it, but have so little themselves, to be quite nauseating and unnecessary.......

But is it really a tax payer funded pension? Don't people in the public sector pay a substantual contribution into their pensions? When my son was in the public sector he was paying something like 7-8% of his salary. Councils/NHS etc are only contributing the same as many private companies do. If they wish to remain competitive in the jobs market they also have to compete in terms of pensions. Even the public sector is changing with either smaller pensions ot having to wait longer before they get it.

David

Yes David, but people in the private sector can pay the same, if not more. And because they don't have the council / NHS / government topping it up substantially, they cannot have the same lucrative final salary pension. For the same contribution, they end up with about a quarter of the pension.

From today i,m on the state pension

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