The Retirement Thread
6 lurkers |
172 watchers
12 Jun
4:16pm, 12 Jun 2025
68,551 posts
|
EvilPixie
Just changing the age has caused enough problems
|
12 Jun
4:16pm, 12 Jun 2025
9,630 posts
|
um
If 'they' can do it with child allowance, or winter fuel allowance, they can do it with state pension. Either increase the age threshold (as if!) Or choose an income level where it tails off or stops, eg from £50k on, lose £1250 per £5k taxable, so that above £100k there's no SSP. Or choose any other numbers that 90% plus couldn't care about. Although the people with money or pensions like that are largely those with tax free cash outside of pension pots, so 'free' and untaxed when drawn down, or they're the Civil Service mandarins, ex and future MPs, professional 'quango' and 'think tank' people with gold plated index liked pensions, so not the people who would be targetting themselves. |
12 Jun
4:38pm, 12 Jun 2025
36,727 posts
|
Sigh
geordiegirl wrote: Happy travels Sigh Thanks, @geordiegirl |
12 Jun
10:29pm, 12 Jun 2025
1,270 posts
|
OO62
They do seem to have it in for well off pensioners. Hopefully the bloodied nose over winter fuel might make them think twice....
|
12 Jun
10:42pm, 12 Jun 2025
25,972 posts
|
Meglet
The potential for shifting goalposts is really quite annoying. My state pension age has already changed several times in my working life. The HMRC keep messing about with dates for submitting and paying tax returns for the self employed. It was bad enough when we went from paying in arrears to paying in advance. Now I’ve been hit by needing to change my year end, giving me a 19-month year 😬
|
13 Jun
7:16am, 13 Jun 2025
8,460 posts
|
ThorntonRunner
Life expectancy has increased noticeably over our lifetime. State pensions need to be paid for from taxation. The triple lock has largely protected state pensioners from the fall in living standards that many less well off working people have seen. I've got no problem with us (OK it's a year until I'll be a state pensioner  ) being asked to contribute. As I get older it's more important to me that we have a fully functioning NHS, so want to see more funding to that, and that implies additional taxation. There's no such thing as a free lunch |
13 Jun
7:21am, 13 Jun 2025
53,059 posts
|
HappyG(rrr)
My private income is only going to be about same as state pension income. So that would halve my income. Ouch. But agree, country can't afford it, without massive increase in taxation. High earner and/or high asset wealth taxation anyone?! G
|
13 Jun
7:41am, 13 Jun 2025
28,458 posts
|
Bazoaxe
High asset wealth taxation will be looking for a % of your property and pension as well though. This is why I am in such a quandry. On the face of it as things stand today I should be OK if I stopped working. But, changes to state pension, changes in taxation, increased cost of living, potential need for private medical care or care home could mean in 10, 15, 20 years its a very different landscape. |
13 Jun
7:51am, 13 Jun 2025
66,764 posts
|
alpenrose
You can't worry about that, you may not be here.....
|
13 Jun
7:57am, 13 Jun 2025
21,526 posts
|
Mandymoo
Agree Pix Just thinking about sneaking away for a couple of days in the van seeing as the weather is good - lovely not to be tied down by work constraints (although do have to be back by Wednesday for Nana duties 😂) |
CumbriAndy Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
Related Threads
-
Any pension experts out there?
Oct 2024
-
Writing a will.
Nov 2022
-
Energy Bills
Jul 2025
-
Saving Money Tips
Aug 2023
-
Any benefit geeks can help me?
Mar 2023
-
Selling things
Feb 2023
-
Anyone here freelance or self-employed?
Jan 2024
-
Accounting Question
Oct 2017
-
How do I declare extra income to the HMRC when I've always been on PAYE?
Oct 2016
-
Helping Junior onto the housing ladder
Jul 2025
Report This Content
You can report any content you believe to be unsafe. Please let me know why you believe this content is unsafe by choosing a category below.
Thank you for your report. The content will be assessed as soon as possible.