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Post by Clinton Cool on May 31, 2024 17:51:14 GMT
Payday for me today, but I didn't have to do any work. That nice Mr Rishi sent me £946 so do please keep working as someone needs to fund my state pension. Indeed. Roll up, roll up, keep the Ponzi scheme going. My Dad was a big advocate of the state pension. Most 'social' things, actually. We had many discussions around these topics. I predicted that by the time I reach pension age, it won't exist. Or at least, it won't be a universal payment around the figure it is now. It will be unaffordable. I'm 62, there are 5 years to go. The jury is out in my mind but if I were to stick my neck out I'd go with my earlier prediction. If I were 10 years younger, most definitely. I suspect what will happen is that at least a portion of it will become means tested. There will be a hell of a row. An unspoken contract will have been broken. 'Progressive' Marx inspired means testing will win the day and the last state payment which has a connection with contributions will be lost. And then, there will be even less appetite amongst the population, to pay their taxes and an even greater incentive to go through life without paying any.
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Post by Mr Stabby on May 31, 2024 18:27:36 GMT
Payday for me today, but I didn't have to do any work. That nice Mr Rishi sent me £946 so do please keep working as someone needs to fund my state pension. I will. I genuinely believe that it is the duty of fit and able people like myself to provide for the elderly and infirm.
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Post by on May 31, 2024 18:29:44 GMT
I just want what is now my £350k cash legacy (written down in the Will that it was to go up with RPI).
So yeah.
Work is (insert word here)
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Post by Trina on May 31, 2024 20:06:20 GMT
I'm happy with my pension(as of 29/05).I bought in a number of years to have a full pension as teachers were contracted out at one point,P says he's got to keep me alive for the next 3 years to claw the money back ! I also have my teachers'pension so I'll never starve.I'm looking forward to using my bus pass when we go off on the boat.😊
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Post by dogless on May 31, 2024 20:19:14 GMT
Jane's giddy about getting her pension on 10 June ... it'll be good to see the money paid in over the years coming back 👍🏻
Rog
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Post by Mr Stabby on May 31, 2024 20:56:45 GMT
Jane's giddy about getting her pension on 10 June ... it'll be good to see the money paid in over the years coming back 👍🏻 Rog I get my pension in September next year although I plan to carry on working for as long as I can keep passing the HGV medical, which will become annual, rather than every five years. I don't see that being a problem at the current time. I'll have to pay PAYE on my pension so it will be £800 per month rather than £1,000 but I won't turn my nose up at that. I can't see any reason to deviate from what I do at the moment just because I get to 66, it seems to work for me. I'll worry about what happens in the future when it gets here.
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Post by dogless on May 31, 2024 21:17:00 GMT
Couldn't agree more Mr Stabby ... I'd be happy if I paid twice as much tax as it would mean my income was much greater. I'm sure I'll continue with winter work as long as I'm fit and able, but I'll take it year by year. Rog
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Post by on Jun 1, 2024 18:12:23 GMT
There was a very shocking incident.
The engine (Perkins P4) started banging like a gigolo (?) and issued a lot of smoke. I was like 'O M G maybe its the big ends'.
Anyway it obviously wasn't serious but I did find that the bleed screw on the HP pump (high pressure not the sauce) was slightly loose. Someone has tried to bleed the fuel system.
I've had this Boat for 15 yars and I do not recall doing this.
So yeah. It was probably me during a memory loss event or someone trying to steal the Boat.
I don't think the latter is likely as the person stealing the Boat would have to have their own Boat and we know this does not happen. Its pikeys with double towbars who do this.
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Post by brummieboy on Jun 1, 2024 19:05:59 GMT
Payday for me today, but I didn't have to do any work. That nice Mr Rishi sent me £946 so do please keep working as someone needs to fund my state pension. I suspect what will happen is that at least a portion of it will become means tested. There will be a hell of a row. An unspoken contract will have been broken. 'Progressive' Marx inspired means testing will win the day and the last state payment which has a connection with contributions will be lost. And then, there will be even less appetite amongst the population, to pay their taxes and an even greater incentive to go through life without paying any. Many years ago, Harold Wilson promised me that with SERPS I could look forward to a pension as good as any in the land. Over the years I paid, I accrued extra benefits. When I retired, my pension was made up the basic pension plus 2 supplements, one from SERPS and another from its successor. With the Coalition Austery package, the supplements were frozen. No one dared to freeze public sector pensions, but thinking about it, no Civil Servant would freeze his own benefits. Then when the basic pension was raised in line with Universal Credits, those of us in receipt of the original pension were kept at that level. The much lauded triple lock that raised the basic state pension by £90+ did not apply to those of us on the original payment, so my rise was only 3/4 of that amount. As I have a small private pension, decimated by Gordon Brown's raid and the legislation that forced me to enter into an annuity at very unfavourable terms: these days one can draw down. Iam slightly above the frozen personal allowance so therefore pay income tax on my small rise and lose another 20% of the reduced increase. The 'unspoken contract' has already been broken in my opinion, and I can see that further stealth raids will be made on a captive section of the population. To those with a gold plated public sector pension, such diminution wil be of little concern but there is a large contingent of people in a poverty trap where the attempts to ease retirement penalise them even more because they are above the cut off points that open the door to pension credit and various exemptions, which when taken into account with basic pensions lift their total remuneration above ineligible claimants.
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Post by Clinton Cool on Jun 1, 2024 19:30:32 GMT
That's the thing with pension credit. It entitles the claimant to so many extra 'benefits' from free replacement boilers to cheaper energy bills to free dental treatment that the claimant will be significantly better off than someone who has a full 'stamp', but little other income.
It's essentially a disincentive to contribute/ work.
The more you pay in, the less you get out.
Bizarre. Only in Britain.
Actually, the state pension contract is more than implied. I'm self employed, my earnings fall below the threshold to pay national insurance. For a stupidly low price (unfair on other taxpayers) I can buy a year's contributions. The sum I pay is far less than the employed have to pay to make up years they missed in the past. I think I paid around £170 for the year. The return clearly states: 'This payment will entitle you to certain state benefits, including the state pension'.
More bizarre stuff: If I earned rather more than I do from my self employment, but still less than the threshold to pay national insurance I would 'be deemed to have paid national insurance for the year'. Despite having paid nothing at all. How unfair is that, on those who do pay?
I'm up to 33 years of contributions now. 35 are needed for a full pension. More bizarre stuff: If I buy one more year then decline to pay in future years, buy a big house and a load of gold coins, to take my cash savings below, I think, £8K I could then claim pension credit. Receive a full heat pump upgrade, lower energy, water and broadband bills, free dental work and glasses, free council tax. I could then, legally, draw down on my gold, live a lavish lifestyle on the tax payer while those with a full stamp and very little else struggle to survive.
I wouldn't do this because I don't believe in benefits and unlike some on here I don't say I believe in one thing, then do another.
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Post by Telemachus on Jun 1, 2024 20:47:19 GMT
Payday for me today, but I didn't have to do any work. That nice Mr Rishi sent me £946 so do please keep working as someone needs to fund my state pension. I will. I genuinely believe that it is the duty of fit and able people like myself to provide for the elderly and infirm. Excellent, this is a good attitude.
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Post by Mr Stabby on Jun 1, 2024 21:11:07 GMT
Up to London to visit Mum today. Bit of a nightmare journey, the train I was on had five carriages, the previous train was cancelled, that was an 11 carriage train so basically 16 carriages-worth of people were on a five carriage train.
She was in a bit of a state, the oncologist told her this week she had 6-12 months left to live so I explained to her that the oncologist has no idea how long she has left to live. I've lost count of the number of people I've known who were told they had six months to live, a decade ago. She's 89 next month so it's fair to assume the end isn't far away but I told her that if she just dwells on this it will become a self-fulfilling prophesy.
Hope to put the first coat of cream paint on the boat roof tomorrow.
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Post by Murgatroyd on Jun 1, 2024 21:31:52 GMT
Best wishes for both of you.
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Post by Trina on Jun 1, 2024 21:43:56 GMT
Thinking of you Vince,hope your mum is a tough old bird who will keep fighting on as long as she can & wants to ! Xx
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Post by brummieboy on Jun 1, 2024 22:27:56 GMT
Try to keep her spirits up Vince, and keep your own thoughts in perspective. I'm sure she takes solace in the support of you and your sons.
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