/ Two Tier Pension System
The government intend to bring in a "flat rate" pension of £142pw in 2017 which will be paid to those qualifying for a state pension from 2017 onwards. However, anyone already on a state pension of £107, will apparently continue to receive that amount; thus meaning that one group of pensioners will receive £142 whilst older ones will only receive £107. Is my interpretation correct?
Do you really turn to UKC for every trivial question, rather than just use Google? I mean it's understandable if it's a question that would benefit from the input from a community you know, but for simple facts do you not think you'd be better with Google? You'll probably also get a more reliable answer.
(First link on Google for "new flat rate pensions")
However, I did hear Mrs JC moan that she had been paying an additional amount after taking time off for the kids to get a better pention,but her friend in the same position , did not, and 'apparently', they will now both get the same !
Not sure if she IS right, but it has put her in a right mood thinking of all the handbags; shoes; dresses etc that her mate has bought by not paying it, and she did not get, as she has paid that extra money for so many years, and now she will be no better off.
We will be paying extra NI for the priveledge. I am currently paying in to an occupational pension, so don't pay the top up, I will have to pay the extra NI in future.
> Do you really turn to UKC for every trivial question, rather than just use Google? I mean it's understandable if it's a question that would benefit from the input from a community you know, but for simple facts do you not think you'd be better with Google? You'll probably also get a more reliable answer.
What compels you to respond, furthermore what compels you to respond in such a fashion. If it's a waste of your time why spend more time replying?
But I'm sure the govt didn't have that in mind...
I'm just thankful I "contracted out" pretty much as soon as I started work.
My NI Rebates are doing nicely in my SIPP.
Why would anyone opt for a vague promise of a bit extra in 40 years time rather than cold hard cash NOW is beyond me.
I trust the government about as far as I could throw Eric Pickles!
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