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 Pension up!
Topic Originator: Parboiled  
Date:   Tue 12 Sep 14:54

State pension will be boosted by 8.5% next April. Not because of inflation which is declining, but wages this time.

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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Tue 12 Sep 15:36

Quote:

Parboiled, Tue 12 Sept 14:54

State pension will be boosted by 8.5% next April. Not because of inflation which is declining, but wages this time.


They`re thinking about it!🤔🤬
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 Re: Pension up!
Topic Originator: jake89  
Date:   Tue 12 Sep 15:43

Well deserved for the pensioners. Shame the government is offering considerably less than that to their own civil servants though.
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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Tue 12 Sep 16:21

Quote:

jake89, Tue 12 Sept 15:43

Well deserved for the pensioners. Shame the government is offering considerably less than that to their own civil servants though.


So State Pension either £156.20 or £203.85 a week, any Civil Servants getting out their bed for that?

Some pensioners have that as their only income, and after another year of the Triple Lock, they will once again start paying tax due to freeze on personal allowance!

Post Edited (Tue 12 Sep 16:24)
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 Re: Pension up!
Topic Originator: The One Who Knocks  
Date:   Tue 12 Sep 16:28

Personal tax allowance is £12500.

And although my eyes were open
They just might as well be closed
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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Tue 12 Sep 16:44

Quote:

The One Who Knocks, Tue 12 Sept 16:28

Personal tax allowance is £12500.


Yeah, frozen for 5yrs, getting closer!
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 Re: Pension up!
Topic Originator: Tad Allagash  
Date:   Tue 12 Sep 17:09

‘So State Pension either £156.20 or £203.85 a week, any Civil Servants getting out their bed for that?’

The beauty of working from home is that you don’t actually have to get out of your bed to ‘work’.

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 Re: Pension up!
Topic Originator: wee eck  
Date:   Tue 12 Sep 17:21

Do we still have one of the lowest state pensions in Europe, even after applying the `triple lock`?

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 Re: Pension up!
Topic Originator: jake89  
Date:   Tue 12 Sep 17:55

Quote:

LochgellyAlbert, Tue 12 Sept 16:21

Quote:

jake89, Tue 12 Sept 15:43

Well deserved for the pensioners. Shame the government is offering considerably less than that to their own civil servants though.


So State Pension either £156.20 or £203.85 a week, any Civil Servants getting out their bed for that?

Some pensioners have that as their only income, and after another year of the Triple Lock, they will once again start paying tax due to freeze on personal allowance!


Missing my point LA. As I`ve said, it`s well deserved, but my point is that it`s a near 31% increase (though I've read it's an 8.5% increase) to basically cover the cost of living. I doubt many pensioners will feel better off given increases in food and fuel.

By comparison, the Government offered 2% to civil servants last year and I think the offer this year is 7% over 2 years. This isn`t unique to the civil service but it`s an area the government has control over.

Inflation is still too high and people seem to misunderstand that the prices don`t go back down when inflation reduces - they continue to rise but more slowly.

Post Edited (Tue 12 Sep 18:04)
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 Re: Pension up!
Topic Originator: jake89  
Date:   Tue 12 Sep 18:06

Quote:

wee eck, Tue 12 Sept 17:21

Do we still have one of the lowest state pensions in Europe, even after applying the `triple lock`?


OECD average pension Vs previous income rate is 60%. UK pension isn`t even half that.
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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Tue 12 Sep 19:15

Quote:

jake89, Tue 12 Sept 17:55

Quote:

LochgellyAlbert, Tue 12 Sept 16:21

Quote:

jake89, Tue 12 Sept 15:43

Well deserved for the pensioners. Shame the government is offering considerably less than that to their own civil servants though.


So State Pension either £156.20 or £203.85 a week, any Civil Servants getting out their bed for that?

Some pensioners have that as their only income, and after another year of the Triple Lock, they will once again start paying tax due to freeze on personal allowance!


Missing my point LA. As I`ve said, it`s well deserved, but my point is that it`s a near 31% increase (though I`ve read it`s an 8.5% increase) to basically cover the cost of living. I doubt many pensioners will feel better off given increases in food and fuel.

By comparison, the Government offered 2% to civil servants last year and I think the offer this year is 7% over 2 years. This isn`t unique to the civil service but it`s an area the government has control over.

Inflation is still too high and people seem to misunderstand that the prices don`t go back down when inflation reduces - they continue to rise but more slowly.


Apologies Jake I thought you were on a fishing trip!

Being an ex Civil Servant, I can sympathise.
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 Re: Pension up!
Topic Originator: Buspasspar  
Date:   Tue 12 Sep 19:21

Pension Down !! :-
The work and pensions secretary has refused to commit to raising the state pension to match official overall earnings figures.

Under the government`s triple lock pledge, next year`s pensions are meant to rise by the highest of 2.5%, prices, or average wages.

Data released earlier suggested this was likely to be 8.5%, the average wage figure for the summer months.

But Mel Stride said he could not commit to using it for the calculation.

We are forever shaped by the Children we once were
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 Re: Pension up!
Topic Originator: Parboiled  
Date:   Thu 14 Sep 11:52

I see Stephen Flynn demanding answers in HOC on the triple lock. A but rich coming from someone who clings to the myth that RUK taxpayers would continue to contribute to Scots pensions post Indy…
Safe in the knowledge of course that Indy is an even bigger myth!

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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Thu 14 Sep 13:00

Why would RUK contribute to Scottish Pensions?🤔
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 Re: Pension up!
Topic Originator: Parboiled  
Date:   Thu 14 Sep 13:22

There is a mythical pot that some Scots pensioners think they have paid into and can continue to draw on..there isn’t, current pensions are paid by current workers’ NI and PAYE
Of course RUK won’t pay into those non UK pensions, yet some still stubbornly refuse to accept it.

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 Re: Pension up!
Topic Originator: wee eck  
Date:   Thu 14 Sep 14:10

That`s why Scotland needs immigrants, as confirmed by the recent census, and welcomes immigrants, as confirmed by a recent survey.
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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Thu 14 Sep 16:18

Quote:

Parboiled, Thu 14 Sept 13:22

There is a mythical pot that some Scots pensioners think they have paid into and can continue to draw on..there isn’t, current pensions are paid by current workers’ NI and PAYE
Of course RUK won’t pay into those non UK pensions, yet some still stubbornly refuse to accept it.


This mythical pot?

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1124933/Great_Britain_National_Insurance_Fund_Account_-_2021_to_2022.pdf

£81.4bn surplus now, to end of August 23!

Post Edited (Thu 14 Sep 16:21)
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 Re: Pension up!
Topic Originator: hurricane_jimmy  
Date:   Thu 14 Sep 17:07

Parboiled - Funny how you think that the current UK pension system and its lack of an investment fund for pensions and also the lack of a sovereign wealth fund is sound economic management. I thought Tories were meant to have the highest levels of Economic literacy?



Post Edited (Thu 14 Sep 17:14)
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 Re: Pension up!
Topic Originator: Buspasspar  
Date:   Thu 14 Sep 17:59

Well there ye go .. The first set of figures after the Country is the pension pay out
The second is the monthly cost of living
The third is the pension income break even point



1 Spain £2,287.24 £561.43 407.40%
2 Belgium £2,709.93 £720.45 376.14%
3 Luxembourg £3,050.57 £847.32 360.03%
4 Bosnia and Herzegovina £979.72 £411.20 238.26%
5 Cyprus £1,485.81 £646.93 229.67%
6 Liechtenstein £2,061.02 £1,027.36 200.61%
7 France £1,497.73 £751.31 199.35%
8 Denmark £1,647.56 £846.09 194.73%
9 Switzerland £2,123.54 £1,276.40 166.37%
10 Norway £1,579.78 £961.62 164.28%
11 Iceland £1,524.20 £929.55 163.97%
12 Ukraine £482.65 £314.26 153.58%
13 Bulgaria £670.66 £457.57 146.57%
14 Netherlands £1,102.34 £798.21 138.10%
15 Ireland £962.08 £765.87 125.62%
16 United Kingdom £802.32 £688.04 116.61%



Post Edited (Thu 14 Sep 18:00)
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 Re: Pension up!
Topic Originator: red-star-par  
Date:   Thu 14 Sep 18:37

Quote:

Buspasspar, Thu 14 Sep 17:59

Well there ye go .. The first set of figures after the Country is the pension pay out
The second is the monthly cost of living
The third is the pension income break even point



1 Spain £2,287.24 £561.43 407.40%
2 Belgium £2,709.93 £720.45 376.14%
3 Luxembourg £3,050.57 £847.32 360.03%
4 Bosnia and Herzegovina £979.72 £411.20 238.26%
5 Cyprus £1,485.81 £646.93 229.67%
6 Liechtenstein £2,061.02 £1,027.36 200.61%
7 France £1,497.73 £751.31 199.35%
8 Denmark £1,647.56 £846.09 194.73%
9 Switzerland £2,123.54 £1,276.40 166.37%
10 Norway £1,579.78 £961.62 164.28%
11 Iceland £1,524.20 £929.55 163.97%
12 Ukraine £482.65 £314.26 153.58%
13 Bulgaria £670.66 £457.57 146.57%
14 Netherlands £1,102.34 £798.21 138.10%
15 Ireland £962.08 £765.87 125.62%
16 United Kingdom £802.32 £688.04 116.61%



People in the UK should be rioting about figures like this, instead they are quite happy to take the scraps from the table and tug their forelocks while the money they have put in is being syphoned off.

Why stay in the UK for pensions like that
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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Thu 14 Sep 19:24

Quote:

Buspasspar, Thu 14 Sept 17:59

Well there ye go .. The first set of figures after the Country is the pension pay out
The second is the monthly cost of living
The third is the pension income break even point



1 Spain £2,287.24 £561.43 407.40%
2 Belgium £2,709.93 £720.45 376.14%
3 Luxembourg £3,050.57 £847.32 360.03%
4 Bosnia and Herzegovina £979.72 £411.20 238.26%
5 Cyprus £1,485.81 £646.93 229.67%
6 Liechtenstein £2,061.02 £1,027.36 200.61%
7 France £1,497.73 £751.31 199.35%
8 Denmark £1,647.56 £846.09 194.73%
9 Switzerland £2,123.54 £1,276.40 166.37%
10 Norway £1,579.78 £961.62 164.28%
11 Iceland £1,524.20 £929.55 163.97%
12 Ukraine £482.65 £314.26 153.58%
13 Bulgaria £670.66 £457.57 146.57%
14 Netherlands £1,102.34 £798.21 138.10%
15 Ireland £962.08 £765.87 125.62%
16 United Kingdom £802.32 £688.04 116.61%



And if you`re on the lower rate of £156.20 per week, heaven help you!😢😢😢
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 Re: Pension up!
Topic Originator: Buspasspar  
Date:   Thu 14 Sep 20:37

Spot On LA .. Is the £802 an average payout

We are forever shaped by the Children we once were
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 Re: Pension up!
Topic Originator: GG Riva  
Date:   Fri 15 Sep 16:54

Quote:

Buspasspar, Thu 14 Sept 17:59

Well there ye go .. The first set of figures after the Country is the pension pay out
The second is the monthly cost of living
The third is the pension income break even point



1 Spain £2,287.24 £561.43 407.40%
2 Belgium £2,709.93 £720.45 376.14%
3 Luxembourg £3,050.57 £847.32 360.03%
4 Bosnia and Herzegovina £979.72 £411.20 238.26%
5 Cyprus £1,485.81 £646.93 229.67%
6 Liechtenstein £2,061.02 £1,027.36 200.61%
7 France £1,497.73 £751.31 199.35%
8 Denmark £1,647.56 £846.09 194.73%
9 Switzerland £2,123.54 £1,276.40 166.37%
10 Norway £1,579.78 £961.62 164.28%
11 Iceland £1,524.20 £929.55 163.97%
12 Ukraine £482.65 £314.26 153.58%
13 Bulgaria £670.66 £457.57 146.57%
14 Netherlands £1,102.34 £798.21 138.10%
15 Ireland £962.08 £765.87 125.62%
16 United Kingdom £802.32 £688.04 116.61%



No figures for the soft underbelly of Europe, BPP?



Not your average Sunday League player.
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 Re: Pension up!
Topic Originator: Buspasspar  
Date:   Fri 15 Sep 17:21

I only copied what was available GG Italy are either further down or figures not available

Will have a wee google .. take care

We are forever shaped by the Children we once were
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 Re: Pension up!
Topic Originator: Buspasspar  
Date:   Fri 15 Sep 22:07

Looking like The Azzurri are worse than the UK GG .. not a lot of info available

The coefficient varies depending on your age and is reviewed every two years. For 2023, the minimum monthly pension for people over 75 is €600.3 Aug 2023

We are forever shaped by the Children we once were
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 Re: Pension up!
Topic Originator: LochgellyAlbert  
Date:   Fri 15 Sep 22:35

I thought that in Italy you had the option of retiral after 34yrs (or thereabouts)working ?
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 Re: Pension up!
Topic Originator: GG Riva  
Date:   Sat 16 Sep 06:21

Cheers BPP. I thought as much. Pensioners in Italy can get buy on €800 a month if they own their house, but many don`t even get that. Average home rent in the larger cities is around €600.....

LA - There was a formula in the public sector, which allowed some workers to retire early. Your age plus no of years service had to add up to 95 or 100? I don`t know if it`s still in use.



Not your average Sunday League player.
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 Re: Pension up!
Topic Originator: The One Who Knocks  
Date:   Sat 16 Sep 09:17

Don`t know if it`s the same in Italy but in the UK pensioners would also be entitled to housing benefit if they need support in paying rent.

And although my eyes were open
They just might as well be closed
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 Re: Pension up!
Topic Originator: GG Riva  
Date:   Sat 16 Sep 10:17

Quote:

The One Who Knocks, Sat 16 Sept 09:17

Don`t know if it`s the same in Italy but in the UK pensioners would also be entitled to housing benefit if they need support in paying rent.


It would appear not, TOWK, going by the number of senior citizens regularly featuring on current affairs programmes complaining that they cannot make ends meet as a result of having to pay rent from a small pension. Some of them go to local supermarkets in the hope of finding reduced foods which have reached their sell by dates. A sad state of affairs.



Not your average Sunday League player.
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 Re: Pension up!
Topic Originator: Parboiled  
Date:   Sat 16 Sep 10:42

The poor Greeks are getting their first increase in pensions in 10 years. All that retiring at fifty and inheriting daddy’s pension when he snuffed it proved unaffordable …

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