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Re: Female state pension
[Re: lincle]
#1049228
4th Dec 2017 1:06am
4th Dec 2017 1:06am
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Joined: Jun 2011
Posts: 17,672 Wirral
granny
Wiki Master
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Wiki Master
Joined: Jun 2011
Posts: 17,672
Wirral
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I get pension based on my ex husband's contributions .
It is confusing even so. According to HMG. the basic state pension is now £159.55p per week. That seems fine, but those of us who retired at 60 yrs are on almost £100 less every 4 weeks.
I assume that is because those who had the pension age increased , would lose out over a period of years.
If that is right, what happens when the state pension has increments of it's 2% per annum ( for example) ? Does that apply to those who are now on a higher basic state pension also, as it would mean the gap between old pensions and new pensions will get wider ?
Last edited by granny; 4th Dec 2017 1:07am.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle
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Re: Female state pension
[Re: lincle]
#1049265
4th Dec 2017 6:47pm
4th Dec 2017 6:47pm
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Joined: Jul 2008
Posts: 13,912 Birkenhead
diggingdeeper

Wiki Master
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Wiki Master
Joined: Jul 2008
Posts: 13,912
Birkenhead
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Here's another one for you to get your teeth into Digging. On Working Tax Credit? If you get a measly rise in your pension it's deducted from WTC so you basically get nothing . Yes but if you are a pensioner on such low income you get WTC then you probably get Pension Credit which guarantees a minimum income - its a pretty mad system whereby it doesn't always benefit to pay into a pension scheme. Also to receive WTC you must have a working income which probably puts you outside of most benefits and credits when you add the pension plus earned income. If you aren't a pensioner but receiving a pension then it is just another income and clearly should be deducted from any benefits system. Pension Credit is a halfway step to the Basic Income system which although counter-intuitive makes a lot of sense when you analyse it. Under Basic Income, everybody unconditionally receives a fixed basic payment.
The further you are down the pay scale, the more 'essential' you are when the s--- hits the fan... Sue Farbysmith 2020
Insults are engendered from vulgar minds, like toadstools from a dunghill - Charles Caleb Colton
We don't do charity in Germany, We pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn
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