• echo @ feddit.uk@feddit.uk
    link
    fedilink
    English
    arrow-up
    13
    arrow-down
    1
    ·
    1 year ago

    Triple lock and more pensioners than ever.

    I look forward to not getting back anything that I pay in while the current people on state pension benefit way more than they contributed

    • Iam@lemmy.dbzer0.com
      link
      fedilink
      arrow-up
      2
      arrow-down
      3
      ·
      1 year ago

      Shame I can’t take my money out of the system and invest it independently. Even if I leave the country, “my” pension contributions are kept in the UK system if I live in a country that doesn’t have a “qualified” pension system (QROPS). Because obviously I am not capable of managing this without government oversight and handholding.

      • echo @ feddit.uk@feddit.uk
        link
        fedilink
        English
        arrow-up
        11
        arrow-down
        1
        ·
        1 year ago

        That’s because you’re technically not paying for your own pension. You pay for the current pension then the next generation will pay for yours.

        Whole thing needs an overhaul but I wouldn’t trust any of them to do it correctly

        • julietOscarEcho@sh.itjust.works
          link
          fedilink
          arrow-up
          2
          arrow-down
          1
          ·
          edit-2
          1 year ago

          But they will only pay for yours if you do “enough” to pay for the previous generation in terms of qualifying years. The whole thing has been moulded into a weird reflection of the entitlement of baby boomers. Classic example of how our pseudo-democratic processes are terrible for long term planning.

  • Syldon@feddit.uk
    link
    fedilink
    English
    arrow-up
    2
    ·
    edit-2
    1 year ago

    Tory media promoting culture wars. The country is badly run. This is a con the Tories have pulled off for years. They shout about the expense services are costing in an attempt to remove them. The NHS is touted in the same vain and yet other countries like Germany pay less on healthcare and get more from it. The Tories have deliberately ran the system into the ground with additional costs through privatisation of services within the NHS.

    You would need a break down of those costs the Times are crying over. How much is it costing for admin and private services attached to those costs. Stop buying into their shitty culture wars and think about what a country really needs. If you remove the pension system then it will be the kids who suffer the most.