@@stephengreen8986but it’s not a deal is it? There’s no way they’re going to give me back 51 years plus interest. The only winners are the bone idle who contributed nothing, as usual.
If this ludicrous means testing comes to fruition then there will be riots, the government would pussy around with the idea putting announcements out to gauge the publics feelings on it, but it would take a while maybe 10 years to implement , got to pay for the migrants somehow. and stop sending our money to other countries wars.
Yeah... get the popcorn in. Telling millions of public sector workers they won't get a state pension in the next 10-15 years because they paid into Alpha! 😁
As soon as they allow petititions again I've this waiting Repeal "The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013" Ab Initio
The Prime Minister says Labour will crack down on tax dodgers.
So the law that allows just Keir Starmer to evade paying tax needs to be repealed ab initio. That means its repealed as if it never existed, and the Prime Mininster then has to pay the tax, the interest on the tax and the tax penalties to help fund our schools and NHS.
Some animals should not be more equal than others.
They just call it National Insurance to make you feel better about paying it. It’s just income tax by another name that goes into general taxation, it isn’t designated to pay for pensions or NHS ect.
@@truebluebears76 Er, no, the state pension, like it or not, has ALWAYS been a "benefit". The fact you paid into it matters not. In law, it is a BENEFIT.
Bollocks!!! If the country wasn't paying for all the sponging refugees and the likes, the money would be being spent on the people who have spent their lives being taxed already and the NHS, schools and policing, to name a few, would be the priorities that they should be!
Refugees get blamed for everything. What about Johnson and the likes who lined all their pockets with fake deals during lockdown for PPE etc and companies swindle the country 30 times more than benefit claimants by dodging taxes. Why should Amazon get away with very low tax contributions with all the billions that they make?
That is how most people feel. Stop wasting our hard-earned money on hotels for refugees and foreign aid. Oh and don't forget the large pay rises etc that MPs pay themselves.
How much do the elite avoid Tax? Like Cameron? That was the root of Brexit & subsequent diwnfall, Bankruptcy of the UK. The RF alone £440 Billion free?? Ridiculous when they should be self sustaining, as we are expected to be. This money is earnt by us all, we should means test Government. Parliament Bar Bill for a start, cease paying Pensions, to the several failed Tories who ruined the Country's Economy.
They're giving £11.6BN to foreign countries for the so-called "Climate Crisis". They're giving 22% pay rise to junior doctors and junior doctors are saying its not enough!
Pension is a built up account based on national insurance contributions not a benefit is money paid in with out an op out clause to provide a retirement pension
Why did I pay tax all these years? Maybe we could stop giving money away on foreign aid, and leave pensioners and disabled people alone, and stop paying for illegal immigrants and riddiculous departments that deal with ideologies, that should help balance the books, had to take early retirement on medical grounds, paid tax when working and paying tax on my pension now, double tax and no benefits pay full rent and council tax, my blood boils
Foreign aid? The reality is that the poorest people in the UK are still incredibly wealthy on any kind of global scale and while being poor in a wealthy country can't be fun you aren't going to face the same challenges as (most of) the recipients of foreign aid. Chances are most people in the UK are within the top 3-5% of global wealth and still get some benefits of our welfare state on top of that. Yes it isn't right that nurses need to use food banks, but that isn't really the same as children dying from preventable illnesses and lack of clean water. £1,000 goes extremely far for addressing problems for the bottom 5% of the world (even when used inefficiently), but not that far for the top 5%. Couple this with the fact that foreign aid is already a small part of the government budget it makes me question why is this the part that is for frequently looked to as a way to solve our problems. This amount wouldn't even make a dent in UK inequality so why does it seem to be the first thing people want to cut? (It is extremely good value for money.) The fact that the top earners should support those less fortunate is almost universally accepted when talking domestically, but as soon as we broaden the lens it becomes extremely controversial. I assume I am not the only person who finds that shocking?
@@phyllisbiram5163 clean water, still talking about that, I remember as a young kid, they were talking about that, I'm well Into my seventies, but nothing has changed, it's not money they want, it's education, and birth control, the desperate never get our money anyway, it's taken by the government's so they can buy new cars and build their bank balance
We have THE lowest pension in the western world. There’s nothing about our pension that is good. 1/2 the amount put into pension if put into stocks would have yielded a much better income. I found this out 30 years too late.
I to worked from 15 years old worked hard as a sheet metal worker, then changed career and done 18 years on nights in a Prison, what a mug I've been. Retired 3 years, arthritis throughout my body and other illnesses, I see all these shitbags of working age wandering around town no intentions of working. I cannot believe how this country went from brilliant to total crap
Absolutely 💯 flogged my guts out now with dodgy knees due to standing long hours and exhausted and stressed at 60yrs still got to wait 7 more years, the OAPS of yesteryear got their pensions at 60yrs they are the lucky ones, and the nxt generations poor buggers prob got to wait till there 70's, not right, who ever voted Labour SHAME ON YOU
@@stuartregan1627 Work would become pointless, I completely agree on this point. Financial advice would change over night, don't bother working because if you do, you won't get a state pension?
@@barneybiggles I myself work in NHS I have lost lots of work colleagues in the past 4 years at 64 I'm starting to think it's time to go os tied physically and mentally I'm cream crackered
Doesn't seem fair. Work all your life. Be prudent and sensible. Then be penalised when others haven't done a day's work in their life. Sat on their backsides and squadded all their benefits on drink and drugs. Then get everything.
But this has always happened . Only one example...people who visit their parents in care homes in £40,000 cars , are those whose care fees are paid by the local council .
Not to mention topping up their finances with credits etc, Although people who are Disabled and need help should be helped and means tested to be fair.
OK, 40 years contributions is worth about £90,000. How long can you live on that? State pension is currently over £11,000 a year for the rest of your life, plus inflation, sounds like a good deal if you've only paid in £90,000, doesn't' it?
@@TheDavecroft hang on they have taken employers contributions as well so no, no where near, and then there’s the interest and inflation. If I’d taken that money and put it into a private pension I’d get three times the amount.
The reason they are looking at pensions is because not enough young people are being born, starting to work, starting to pay taxes to pay for the pensions. The taxes you pay today don’t go into a pot to pay for your pension later, it pays someone else’s pension today. Also, unlike other countries, if someone is a valid asylum seeker we don’t let them work and pay tax to help for pensions. The UK has so many rubbish policies that make our situation worse, it’s all on us.
@@KevNpton Theres a reason they dont let them work until they are given or refused settled status and if your argument is correct how many millions have entered the country in the last 20 years surly if they are all contributing it would be i am guesing enough to cover the reduced birthrate
@@KevNptonNaive of you to think that all the doctors and engineers coming across on the boats are going to be doing any meaningful work and contributing in any way. They are just going to be an extra burden on the British people.
@@kw8757 we will never know because they aren’t allowed to work if they claim asylum here. My experience is with a lady who was a refugee from Sudan to Egypt. She had a masters in cryptography, she worked for KPMG in Egypt for a couple of years, KPMG moved her to the UK, my company poached her, and she worked for me for a couple of years, then she went back to Egypt. So that’s a refugee that was working here. Both of her parents were doctors and set up a GP practice in Egypt.
I've paid in for the State Pension - on the PROMISE I would get a pension at 65. So was I lied to??? It is NOT a benefit - I EARNED it, regardless of anything else I have as I paid in ALL that was required of me. Now the 'goalposts' are going to be moved?? UTTERLY UNACCEPTABLE. - Why not claw in All the unpaid corporate tax?? - Why not Penalise companies that don't pay the tax they should? Why go after 'little people'?? Answer - Because we have less power to fight back. We're sitting ducks.
@@christopherwhincup5608 Thank you for your reply - But then won't my state pension be clawed back by taxing any private pension I may get? So it being as broad as it's long, I'll still be out of pocket?!
@@liligal2390 the tax policy is the tax policy pensioners cannot be excluded there are over 12 million. The lowest threshold should at least stay above the state pension tho.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I hate my job but can't leave because of I won't get my state pension. What do you think about doing a 70/30 stocks bond ratio?
I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery
When you’re feeling pressured to retire, it’s highly recommended to consult an advisor, as their guidance can help you make more informed investment decisions.
Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 15% short of $1m ballpark goal as of today.
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Not before time the government are shafting the actual workers it's slowly becoming a dictatorship, they never keep their word or promises , but we step out of line we are hammered financially very very quickly , they are a disgusting bunch one and all
i signed to an agreement - i pay national insurance and at the end of my working life i receive my pension - if they try taking that away from me god help them - i was born in 1958
The Government have already spent the Pension Pot & so now they expect us to go without. Fortunately MP'S, the Civil Service & Local Councils will not be affected by this but WE WILL.
@@thetimeisnow6822 40% of my council tax goes straight into their pension fund. My local council use to send a letter out every year when our council tax went up and with it was a pie chart that showed that 40% was for their pension. It strange that they don’t send this information out now
@@haarew8336 The Government back in the Thatchers days all Businesses & National Companies where allowed to use that money to reinvest & in some cases they all lost the money. This also gave the Government access to our Pension Funds which have now also disappeared
@@gordonm1690 we have Victorian Britton for years. With food bank and higher prices for everything else kids go to school hunger pains and it just getting worse
@@martinaston1715 I'm 76 living on my own on a single woman's pension + a small works pension that's taxed. Even so, I'm just over the limit to claim pension credit. My July energy bill came to £36.86,,,I use energy sparingly,,, don't use gas heating at all. Of the £36.86 bill, electric was £9.15 the rest was standing charges+ vat. It's going to be a long cold winter now for me and a few million other pensioners this year while illegals are kept cosy and well fed 😠
Sir Kid Starver The man who spent £160,000 on chauffeur cars ,took an 85 min flight to Belfast costing £443.spent £20,000 on 4 flights to Washington ,spent £724 for taxis, and took home over £1 million in 5 years in charge of the CPS, and takes a £336,000 State pension and spent £250,000 in travel over 5 years as a public prosecutor. The man with his own special tax bill, passed by parliament, just so he can dodge taxes. The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013 Someone has to pay for the multimillionaire Prime Minister and his pensions.
link to the evidence you are giving above as it seems highly unlikely that he has his own tax bill, is on a 336K state pension which is impossible or spent 250K whilst in charge of CPS on travel. I suspect you are reading Bot generated misinformation
@@moretimeneeded56 Remember there is a cap on pensions. But not for the parasite class. So time to change that. Tax them on the value of their pension funds. Paid now, in cash. And no fiddling the discount rate. Has to be a risk free rate, easy to calculate from Gilts and CDS prices. The value will shock people.
@@juttley72 The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013 You can google it on the Government Legistlation website. So I suspect you're the bot.
Have the elderly becoming a "sitting duck" trapped between the £12,750 tax ceiling and homeless poverty out on the streets?? There should have been more thought put into this before striking fear into the elderly? When did the state pension become a benefit? In the last 14 years?
Who sold the council houses so that people have no choice but to privately rent do you think? Majority of over 60s now we're able to either afford to buy their own homes or rent a council house. Pity the under 30s who can't afford the things we had and suffer unaffordable housing, student debt and have to delay having families due to cost. They can't all rely on inheriting housing as care fees might eat into this. We were very lucky as babyboomers
Yes they have a culling programme, we will all die from cold , we are living too long and claiming state pension . Then they can take our 3 bedrooms houses and give to the immigrants. Those who die before thier pension age will have paid in all thier lives , where are all those contributions now ? it’s a win win for the government. The buggers are telling us when to die now .
So you pay 35 years to qualify. But because you work to 66 you pay another 15 years .So i call this fraud they are taking money unnecessary If its a benifit why pay another 15 years surely there should be provision to opt out even now at 35 years contribution
@@kevinpounder Just live longer. You will easily draw out more than you put in. I have been retired 12 years and have received over £120,000 in OAP already. I paid in approximately £35,000 in NI. No contest.
Absolutely no, right... People have paid in regardless of how much money they make... can't see why everyone seems to think people who saved more and never had a new car every year should lose their contribution. We all paid into a promise, if that promise has now been removed surely we should get the money back so we can reinvest. Also.. if this does come to law then they will want access to all your banks to monitor your money which the government has wanted for years, as how else will they know. How will they define the means testing ? Is it 30000 over 20 years of retirement for example before they remove your state pension. Is the 30000 after tax ? What if you spend more than 30000 in one year. I'll forsure be retiring early enough to take my private pension to bring my pension below the threshold in order to recieve the state pension if this is the case. Again... Rip off Britain hammering the working class. Take to the streets and close the country down, people are slowly waking up.
This really annoys me! Those of us that are not rich but have been responsible to make sure that we have enough pension contributions to avoid being a draw on the state for universal credits etc, could in theory be penalised just for being responsible. If we have decided to invest in pensions etc rather than frittering money away and be a burden on the state in later life then that should be rewarded accordingly. Living our lives responsibly and paying taxes all of our working lives appears to count for nothing. On the other hand illegal immigrants will have more of the country's money, our money, spent on them in a single year then most people have ever received in their lifetime from additional benefits. This would be another kick in the teeth for resident Brits born here. This country is rapidly becoming over burdened by new guests arriving here and draining our treasury of taxes paid by us mugs, over £4.3 billion during 2023 on foreign immigrants accommodation and benefits.
@@user-rg4gw8es5z it is my money as I have payed full ni contributions for 38 years and have another 13 years before I retire so if a government decides to stop the state pension for me of course I would want my contributions back and so would everyone else. I can’t understand why you would say it’s not my money unless you are referring to the fact it’s paying for people receiving the state pension now, regardless of that it’s still my money
Technically that is what happens but only in name, the feckless layabouts that don’t pay in get pension credit instead which isn’t that far short of a full pension.
@@testpilotian3188 Now with all the Migrants in the country puts an Enormous Strain on the economy and that's the Reason the Government has come up with this Idea on Pensions.......😢
It is NOT a benefit it IS a right, I spent 40 years paying into the system and now these scumbags think they can re-name it as a benefit and remove it!
It was always a benefit, when introduced in 1909 it was means tested. It simple maths really, there are unlikely to be enough workers to pay for pensioners (falling birth rate) as each set of workers pay for the pensioners (as we paid for our parents). The ratio was once 1,000 workers to 310 pensioners it’s now up to 1000/360…….
It's not just pensions it any savings we might have because we now have to pay for podiatry and the waiting list for cataracts is so long you could be dead before you get seen so many people are having to use their savings to have it done privately I don't think they care its a case of your old you go to the bottom of the list or pay
@@tinawainwright7319 The Grey Vote... just all those of pensionable age who will vote in the next general election against these measures.... hope that helps.
Anybody still working should expect to work until they reach about 72-75 and the prospect of this could cause some people in labour intensive jobs to not even reach this age. If you die before you get your pension it's a win for Labour because they don't have to pay you anything, that is ultimately what they are planning for!!
People base their entire pension planning expecting to receive their state pension. It would be criminal for the government to means test the pension as it would push people closer to poverty.
I'm a Sikh and have contributed for the last 38 years. Does my ethnicity mean I should be excluded. I still have 6 years to go before I can claim my pension but hey ho It may be means tested by then.
@@faridkot20You’ve got an effin racist in the comments. Even harmless videos like this like this attract them like flies to stink. TH-cam needs to do more clear vermin like this from their platform.
@@faridkot20 I don’t think you could afford to work if you had three or more wives plus children. I’m aware it’s not in Sikhism culture to have multiple wives.
@@WildBill-py6vn I think you have to specify, do you mean contributory based Retirement Pension or non contributory pension credit? Any one allowed into country and given residency are able to claim benefits. If not contributory RP, which is earned, then non contributory RP otherwise known as pension credit. Many immigrants particularly from Indian sub continent attempt to have “dependent” parents admitted to uk. I would probably do the same if in their shoes.
What about our contributions made in good faith throughout our working lives? If you stop our pensions then refund this back to us. If we were not paying multi millions/billions to France, Rwanda and illegal immigrants who are put up in hotels with food, pocket money and a mobile phone we could look after our elderly pensioners properly.
I'm sorry, but this idea that a state pension is a benefit is pure nonsense. This is just semantics whether it is defined in law or not. The Law is an ass and needs to be changed. It sounds like a law of convenience. I paid National Insurance for 41 years until I retired at 65 and at 76 I am still paying tax. It was pointed out to me, when I received my NI number in the late 1960s, that I needed to pay the stamp for 40 years in order to get a full pension. If you only paid for 30 years then you would only get 30/40s of it, which I thought was very fair. At some point they changed the rule so that certain people only needed to pay for 30 years to get the full pension. I believe this was done to help women who had given up work to raise a family, which I also thought was fair. Unfortunately, lots of other people have taken advantage of this in order to retire early, primarily those in the public sector. The very people that my taxes pay for in terms of their salary and their occupational pensions. A big chunk of my council tax goes the same way. To make matters worse for me, I paid extra NI contributions for many years under the SERPS arrangement which gives me a State Second Pension. Again this is something I paid for out of my salary and at the time SERPS was portrayed as a savings scheme for retirement, and certainly not a benefit. This country has lots of people of my age who have rarely worked, have paid little or no NI, yet they live on some sort of State handout....now that is a benefit !
Ok then please give me back the 2 years stolen from my local government pension because they put it back 2 years. Wasn’t what it was when I took out the scheme. Retrospectively changing the law.
I’ve already paid NI for 41 full years, and won’t get the state pension until 67 yrs. Therefore, if I continue to work full time until 67yrs I’ll have paid 49 years NI. I will be seriously angry if it’s mean tested.
The demographics were entirely predictable from the moment people were born. Only unprecedented immigration has changed our population so that needs to go.
It would take away any incentive for folks like me to scrimp and save for 40 years.... As it is, I have one cousin, with no savings who never made any provision for the future, who is effectively better off than me! (receives far more benefits than I ever will)
The reality is in most countries they have spent the money and now this money is not coming in as most populations, people are retireing, not enough young people to keep up with the ridiculous spending, It's plain and simple, money missmanagment, greed and corruption has pissed our money away, they are happy to have you poor !
The State Pension is NOT a benefit. We have compulsorily paid for it throughout our working lives along with healthcare (which is only free for visitors to the UK). Had successive governments managed National Insurance contributions properly as two separate funds our healthcare and retirements would be secure
We are spending £8 million a day on folks who have not contributed to the economics of this country. Reducing pensions of people who have done their whack and contributed is morally reprehensible.
It's a hell of a lot more than that, some say between £25/27 million, they won't give a straight figure because they know the country would go ballistic, it's rising every day with each boat that comes, that's why they are after our money, to pay for it all,
The Civil service who are pushing this because they get a Shiny new department with new powers to look into everybody's bank accounts & thousands of highly paid new jobs . Ironic they are employing thousands of new recruits to save money . Typical yes minister Civil service. This will cost more that it saves but thousands of new civil service jobs so all good .
@@Time2RetireUK . Does that make him someone who sits in the house of Lords then? How about the expenses that the Lords and MP's claim whilst 'serving' the people, gets abolished. I would encourage that!
Home office close it down far to many of them that will save us millions plus there perks mps 😮as well all expenses stopped plus drop their wages paid far to much money should be paid on performance worth about 15 k a year
This video spreads speculation and unnecessary panic. Means testing won’t happen and no government so stupid or suicidal to do this. But I expect anyone young not to get state pension till they are 71 or more!
We would have ReformUK Government if the Labour Government did this. Labour want to be careful, they have a big majority, only because the Conservatives were less than useless.
They might think that 30k personl pensions means no state pension but it'll be reduced to 20k. Pensioners pay tax on income above 12570. I foresee a lot of political unrest and lawlessness as a consequence. The government has broken the contract and they'll be shocked with the result of such a policy.
We need to stop complaining and start to take action now the government want us to argue between our selves then they can continue there plans they, the government don’t publish what there pension are going to be or the expenses they are claiming this his disgusting I wished I was cleverer. This was not made clear before we chose who to vote for was it did I miss it after all I’m dyslexic by the way. Luckily I didn’t vote for these people anyway. Maybe the new king would like to say a few words on pensions and taxing what are his views?. I will get off my own soap box. How shall we start hower campaign what about writing to the mayor in your areas as was pointed out to us. If you had a good idea, we were supposed to speak to the mayor and he was supposed to speak to government so maybe this needs to take the same route😅Then again, we could do the same as the truckers and take hower zimmer frames and block up the road to number 10 just an idea.😢
The problem is that those who have never worked and never paid insurance contributions are getting a state pension. Say a dependent comes from another country and is state pension age than he or she automatically gets the state pension. This are the things that need to be looked at first.
I will never vote labour. I will vote for the party who is going to look after its senior citizens not penalise them for work in hard all their life’s and who have savings .
They always do and have done in the past. The voters knew this when they voted for Labour in the GE. They will regret that decision by the next general election.
I’m 73. As far as I’m concerned, when I started paying national insurance at the age of 15 there was a contract between the government and me. I regularly and fully pay this until I’m 65 and I receive NHS medical treatment and a state pension for the remainder of my life. If they remove my pension or even reduce it, they’ve broken the contract. I’ve worked my entire adult life including serving in HM Forces. This is a disgrace. We’re already the poorest pensioners in Europe.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
My husband and I paid with blood, sweat and tears for our state pension. I would never ever work to pay NI now knowing the elites squander any contributions made by working legally.
Same as us. We are 92, he is in nursing home 68, 0000,pa, he pays tax too, he was a joiner and we denied ourselves so much his pension is a laugh really.. I am in our home still, I have Parkinsons, have to pay for my own PA because I have a small private pension I also pay tax. This is my first winter coming up that I am a single occupant, and she has just removed my fuel allowance. So I am very upset. On such a tight budget and thinking of my own fragility, I have nothing left to live for except a man who barely knows me. Don't be prudent, you will be the cash cow of the government to supplement the feckless. And if you are young and reading this, think of emigrating.
@@maryminty5876 I am so sorry mary and know how hard it must be for you because I have nursed my husband at our home with terminal cancer for 11 months, fighting every day just to keep him alive. To have the government squandering our money on the invasive army they are importing whilst we struggle and afraid to put the heating on, pay our council taxes etc. makes my blood boil. Because of the misdiagnosis during Covid and his mistrust of the NHS staff my husband refuses to go into hospital so will die at home in peace.
@@chrisglover7111 I am facing my first winter alone, I'm like a widow whose husband is still living. He doesnt know me sometimes. I would have looked for a nursing home together, but he needs highly specialised nursing care now, in secure surroundings. The awful thing is, having bee his sole carer for so long, all I am now is his bank and care admin clerk. I will go without so that i can visit. Next step is sell up the home. I wish there was someone to champion the nursing carers and look at the emotional cost of devoted care. My husband would not go to hospital either. He thinks he is in a hotel now. Thanks for sharing and God bless you both.
@@maryminty5876 you are a Saint at 92 with parkinsons, I struggle at 75. Your husband knows your looking out for him even in his 'fog', stay strong we are doing our best in spite of the evil politicians and those behind them who have brought us to our knees.
The more I hear about this, the more concerned I get about the reality seemingly escaping some people. It is not the case that pensioners no longer pay tax. We pay purchase tax, VAT, fuel tax, all sorts of tax. It's wrong to believe that only the younger generations are paying for the pensioners, the pensioners continue to pay into the system. Couple this with the amount of money that the government wastes, and I sincerely hope that it is realised that there are issues to be dealt with before victimising people who, before they retired, made this country what it was. The Tories paid £500 million to France - for what? Labour have just wasted £700 million by scrapping the Rwanda scheme and Labour are intent on spending even more money dealing with illegal (not irregular!) immigrants and giving them asylum. There's a lot that needs to be done before persecuting the pensioners and the remedy starts with the government and their wasteful behaviour. The Labour government has a Miliband whose insanity is going to cost the country jobs and money with nonsense about reducing carbon dioxide. Labour are a minority government and they know it (only 20% of the electorate voted for them) but they are intent on installing communism in the UK - what next, euthanasia??
Yes I minority government with 400 seat majority Labour hadn't water £700million on Rwanda theve scrapped it to save more millions wasted .4volunteers gone at a cost of £192million each only the inept corrupt useless Tories could do that and leave a National Debt of £2.85 billion that the experts say will take 87years to clear
It make me fume that having worked and contributed since the age of 16 I may be faced with getting a reduced pension whilst people who have never worked or contributed get benefits. I have one distant member of our family who has had 6 children by assorted men (only one of which pays towards the child’s up keep) She has never worked since leaving school at 16, she receives benefits, is currently in social housing, has been evicted three times by private landlords, despite receiving housing benefit, which she spends on tattoos and nails etc. STOP HER BENEFITS AND MAKE HER WORK. She is medically fit, nothing wrong with her at all, apart from bowed legs, which are open for longer hours than a supermarket.
Contrary to what you have just stated Police Pensions are not FREE. I paid in 11% of my salary to a police pension so l am entitled to it. You get nothing for free . I also paid my contributions for a state pension so l am entitled to that too. Get your facts straight before you start denigrating a section of society for their alleged FREE pensions.
In my view, it's time rich tax dodgers were made to pay their share of taxes. They always means test poor people and the rich go skipping by, not a care in the world.
I,ve worked all my life brought 5 children up on my own. Never could afford a private pension. So now i,m living on my basic state pension. Now they taking our heating allowance away. Please tell me why if you get pension credit you still can receive it. Which means you not got enough stamps for full pension. I might have well worked part time and claimed pension credit when the tories where in they paid the hardship payments to pension credit. So what did i work full time for. I,m living off basic pension. All my friends on pension credit where bragging about the 3 payment's they got last yr 2 £300 pounds and 1 £299 and i had full stamp got nothing. Very unfair
We knew Labour would tax us to pay for houses for migrants, but we still voted them a huge majority. Enjoy the next five years, but don’t forget in 2029. We need to vote for change, LabCon are not the answer.
They can literally print money put of nothing Q)why are we paying tax at all? A) Literally just to prevent upward social movement and maintain the status quo, know your place peasants. If your Government is sending money abroad (i.e. Israel/Ukraine) you're paying too much tax......end of discussion
One of the issues is immigration… Not that there are too many, but there are not enough. With a declining birth rate and increasing older population, we actually need young immigrants to come here … they want to work hard and pay taxes. So when I hear anti immigration rhetoric, it really annoys me because we are cutting off our nose to spite our face. Things started going badly wrong with Brexit, and the loss of freedom of movement. We used to have loads of young people from Europe want to come here to work and pay taxes, now look where we are after the pathetic mess that is Brexit has ruined the good deal that we had.
If they destroy the state pension i will have nothing to loose. I will turn to crime, not pay any bills and they can house and feed me in prison. To hell with authority.
The speculation is that those with very large personal pensions - more than £30000 per year may lose some state pension. Sounds like this may not affect you.
Target a vunerable group to cover the incompetence of a Government the Billions that Liz Truss lost ,all the enquiries that have cost millions eg Post Office & will the cost of the Monachy be on the agenda
@@user-vo3de1dz9b Yes they claim for wife one as usual and second, third wives are claimed for as co-habitees/single parents, plus children. They have a wife in uk then bring back additional Muslim wives from holiday. The British people are stupid to allow this. Muslims also technically divorce uk wife, import additional wives and make a new claim and wife one claims as a single parent.
They should firstly be looking at the public sector pensions and in particular those that are gold plated. Their pensions are grossly overpaid compared to the majority of the private sector
Give me my contributions back and I’ll give up my state pension
It's a deal. It's people probably people that are younger than you who are getting a raw deal.
With interest
@@stephengreen8986but it’s not a deal is it? There’s no way they’re going to give me back 51 years plus interest. The only winners are the bone idle who contributed nothing, as usual.
Deal and as a person born to late to get a state pension but still has to make full payments towards one yeah give mine back also.
Ha, ha! Good luck with that ONE, mate! Not only will you NEVER get that money back, they will continue to take it off you in your NIC payments.
There will be civil unrest if we to go down this route, this country is becoming a joke
Its already a joke , we dont fight back thats the problem.
Doubt it....most people are sleepwalking from one BBC broadcast to the next.
@@lozzdee6701 you are so right.
This aged well. 😅
been watching the telly have you lol....
Shouldn't we act a bit more French? I mean if this were France we would bring the country to a standstill.
If this ludicrous means testing comes to fruition then there will be riots, the government would pussy around with the idea putting announcements out to gauge the publics feelings on it, but it would take a while maybe 10 years to implement , got to pay for the migrants somehow. and stop sending our money to other countries wars.
Yeah... get the popcorn in. Telling millions of public sector workers they won't get a state pension in the next 10-15 years because they paid into Alpha! 😁
And, refuse to rise retirement age. Must be 62 for women and, 65 man.
The only way to fix this country absolutely the French way,
Already happening. People are sick of government screwing them over.
Remove the pensions of highly paid lords and MPs see how they like it!
Dead right take it away from those that don't need it-all the rich and wealthy!!
@ragemachine4991 Dosnt Prime Ministers get a pension for life as a perk for being PM .Well that's a benefit
Starmer is the only person protected from pension tax
@@robertrowell7271They may well not need it, but they paid for it!
As soon as they allow petititions again I've this waiting
Repeal "The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013" Ab Initio
The Prime Minister says Labour will crack down on tax dodgers.
So the law that allows just Keir Starmer to evade paying tax needs to be repealed ab initio.
That means its repealed as if it never existed, and the Prime Mininster then has to pay
the tax, the interest on the tax and the tax penalties to help fund our schools and NHS.
Some animals should not be more equal than others.
If State Pensions are classed as a Benefit, not an entitlement, then let the State be honest - National Insurance is just Tax by another name!
Exactly.
Rename it "National Tax"
They just call it National Insurance to make you feel better about paying it. It’s just income tax by another name that goes into general taxation, it isn’t designated to pay for pensions or NHS ect.
State pension is not classed as a benefit.
@@david-pb4bi Unfortunately our leaders made sure it is classed as a benefit so it can be withdrawn at any time.
Hands off MY pension
Muslims , Pakistanis, Sikhs all get free pensions
NOT your pension. It's a BENEFIT, or did you fail to listen to the video?
@@bobjames6622it’s not a fukn benefits it’s a right for money to live when you retire that’s how you payed NI for all those years
@@truebluebears76 Er, no, the state pension, like it or not, has ALWAYS been a "benefit". The fact you paid into it matters not. In law, it is a BENEFIT.
@@bobjames6622 it’s a non means benefit as long as you have payed in your contributions for the required number of years it’s payable as a pension
Stop sending money abroad and get rid of the house of Lords
Ban offshore bank accounts altogether. It’s nothing more then legalised money laundering.
Bollocks!!! If the country wasn't paying for all the sponging refugees and the likes, the money would be being spent on the people who have spent their lives being taxed already and the NHS, schools and policing, to name a few, would be the priorities that they should be!
Refugees get blamed for everything. What about Johnson and the likes who lined all their pockets with fake deals during lockdown for PPE etc and companies swindle the country 30 times more than benefit claimants by dodging taxes. Why should Amazon get away with very low tax contributions with all the billions that they make?
That is how most people feel. Stop wasting our hard-earned money on hotels for refugees and foreign aid. Oh and don't forget the large pay rises etc that MPs pay themselves.
@@miriamsargent3428 totally agree
How much do the elite avoid Tax? Like Cameron? That was the root of Brexit & subsequent diwnfall, Bankruptcy of the UK.
The RF alone £440 Billion free?? Ridiculous when they should be self sustaining, as we are expected to be.
This money is earnt by us all, we should means test Government.
Parliament Bar Bill for a start, cease paying Pensions, to the several failed Tories who ruined the Country's Economy.
@@bobcharters
And don't forget the billions sent to other countries to help them.
While our own country goes to shit.
They can’t take our state pensions away, we’ve paid into this, it’s not a benefit, it’s a right that comes from my Contributions!!
No it isn't
Yes they can means test it. All about controlling us and trying to keep us inside
They're giving £11.6BN to foreign countries for the so-called "Climate Crisis". They're giving 22% pay rise to junior doctors and junior doctors are saying its not enough!
Unfortunately you are incorrect. Officially, notwithstanding what everone has been led to believe, they are a benefit, not a right.
Pension is a built up account based on national insurance contributions not a benefit is money paid in with out an op out clause to provide a retirement pension
Why did I pay tax all these years? Maybe we could stop giving money away on foreign aid, and leave pensioners and disabled people alone, and stop paying for illegal immigrants and riddiculous departments that deal with ideologies, that should help balance the books, had to take early retirement on medical grounds, paid tax when working and paying tax on my pension now, double tax and no benefits pay full rent and council tax, my blood boils
If you paid into an occupational pension then your contributions were tax free
Foreign aid? The reality is that the poorest people in the UK are still incredibly wealthy on any kind of global scale and while being poor in a wealthy country can't be fun you aren't going to face the same challenges as (most of) the recipients of foreign aid.
Chances are most people in the UK are within the top 3-5% of global wealth and still get some benefits of our welfare state on top of that.
Yes it isn't right that nurses need to use food banks, but that isn't really the same as children dying from preventable illnesses and lack of clean water.
£1,000 goes extremely far for addressing problems for the bottom 5% of the world (even when used inefficiently), but not that far for the top 5%. Couple this with the fact that foreign aid is already a small part of the government budget it makes me question why is this the part that is for frequently looked to as a way to solve our problems. This amount wouldn't even make a dent in UK inequality so why does it seem to be the first thing people want to cut? (It is extremely good value for money.)
The fact that the top earners should support those less fortunate is almost universally accepted when talking domestically, but as soon as we broaden the lens it becomes extremely controversial. I assume I am not the only person who finds that shocking?
@@ursulagrenter5537 Ursula, I’m entirely with you on this!….my blood boils also!!
@@phyllisbiram5163 clean water, still talking about that, I remember as a young kid, they were talking about that, I'm well Into my seventies, but nothing has changed, it's not money they want, it's education, and birth control, the desperate never get our money anyway, it's taken by the government's so they can buy new cars and build their bank balance
Give me back 37 years of payments, a job i loathed and worked full time in so that i could guarantee a good state pension.
We have one of the lowest state pensions in Europe so i would not call it a good pension.
Good? You live on the streets?
We have THE lowest pension in the western world. There’s nothing about our pension that is good.
1/2 the amount put into pension if put into stocks would have yielded a much better income. I found this out 30 years too late.
I to worked from 15 years old worked hard as a sheet metal worker, then changed career and done 18 years on nights in a Prison, what a mug I've been. Retired 3 years, arthritis throughout my body and other illnesses, I see all these shitbags of working age wandering around town no intentions of working. I cannot believe how this country went from brilliant to total crap
Absolutely 💯 flogged my guts out now with dodgy knees due to standing long hours and exhausted and stressed at 60yrs still got to wait 7 more years, the OAPS of yesteryear got their pensions at 60yrs they are the lucky ones, and the nxt generations poor buggers prob got to wait till there 70's, not right, who ever voted Labour SHAME ON YOU
There will be anarchy if they touch peoples pensions
Haha NO THERE WONT , you'd have thought that 6 years ago when wee boats came saying in, yet we go about our business grafting away as slaves
No "anarchy" that's for sure, but plenty of chuntering and tut-tutting.
Mass jump in benefits because work would be pointless
I hope so I worked 55 years full time this is definitely fraud if it is true?
@@stuartregan1627 Work would become pointless, I completely agree on this point. Financial advice would change over night, don't bother working because if you do, you won't get a state pension?
Any government that makes the state pension means tested will be out of government for a long time, possibly for ever.
Let's hope so
My wife died at 62
Paid her stamp from 16 that money is gone
@@rollthebonesagain I'm so sorry for your loss
Same here died at 60 one week after retiring from nursing 42 yrs.
You can claim part of her pension if she didn’t reach retirement age I thinks it’s £100 month not a lot but something hope that helps
@@barneybiggles I myself work in NHS I have lost lots of work colleagues in the past 4 years at 64 I'm starting to think it's time to go os tied physically and mentally I'm cream crackered
You can claim part of her pension look into it that's a fact 👍👍🏴🦊
Doesn't seem fair. Work all your life. Be prudent and sensible. Then be penalised when others haven't done a day's work in their life. Sat on their backsides and squadded all their benefits on drink and drugs. Then get everything.
Like the 'migrants'?
But this has always happened . Only one example...people who visit their parents in care homes in £40,000 cars , are those whose care fees are paid by the local council .
@@normanpearson8753ere do you think heating allowance gon yo take it off of pensionners to pay doctors pay rise
@@davidsutherland7953 To be fair , junior doctors are on awful money , and sillly hours .
Not to mention topping up their finances with credits etc,
Although people who are Disabled and need help should be helped and means tested to be fair.
I want my contributions back!!!! Thieves
OK, 40 years contributions is worth about £90,000. How long can you live on that? State pension is currently over £11,000 a year for the rest of your life, plus inflation, sounds like a good deal if you've only paid in £90,000, doesn't' it?
@@TheDavecroft hang on they have taken employers contributions as well so no, no where near, and then there’s the interest and inflation. If I’d taken that money and put it into a private pension I’d get three times the amount.
@@aliengrey6052 Unfortunately the truth is that you ain't going to ever see a single, solitary PENNY of that money....ever again.
@@bobjames6622 hold on I am already getting it. Lol.
@@bobjames6622 you’re a bit of a doubting Thomson mate. Stay off the drugs.
Stop using taxpayers money to the house of Lords these people are getting loads of money from us
Stop using tax payers money to house illegal migrants
Stop the boats leave our pensions alone.!!!!!!
and as soon as the illgal ------- get granted so called asylum they will start geting there pension credits
The reason they are looking at pensions is because not enough young people are being born, starting to work, starting to pay taxes to pay for the pensions. The taxes you pay today don’t go into a pot to pay for your pension later, it pays someone else’s pension today. Also, unlike other countries, if someone is a valid asylum seeker we don’t let them work and pay tax to help for pensions. The UK has so many rubbish policies that make our situation worse, it’s all on us.
@@KevNpton Theres a reason they dont let them work until they are given or refused settled status and if your argument is correct how many millions have entered the country in the last 20 years surly if they are all contributing it would be i am guesing enough to cover the reduced birthrate
@@KevNptonNaive of you to think that all the doctors and engineers coming across on the boats are going to be doing any meaningful work and contributing in any way. They are just going to be an extra burden on the British people.
@@kw8757 we will never know because they aren’t allowed to work if they claim asylum here. My experience is with a lady who was a refugee from Sudan to Egypt. She had a masters in cryptography, she worked for KPMG in Egypt for a couple of years, KPMG moved her to the UK, my company poached her, and she worked for me for a couple of years, then she went back to Egypt. So that’s a refugee that was working here. Both of her parents were doctors and set up a GP practice in Egypt.
I've paid in for the State Pension - on the PROMISE I would get a pension at 65. So was I lied to??? It is NOT a benefit - I EARNED it, regardless of anything else I have as I paid in ALL that was required of me. Now the 'goalposts' are going to be moved??
UTTERLY UNACCEPTABLE.
- Why not claw in All the unpaid corporate tax??
- Why not Penalise companies that don't pay the tax they should? Why go after 'little people'?? Answer - Because we have less power to fight back. We're sitting ducks.
Because that is the easy option, like taking candy from a baby.
Pensioners have considerable voting power. You will get your state pension regardless of the scare mongers
@@christopherwhincup5608 Thank you for your reply - But then won't my state pension be clawed back by taxing any private pension I may get? So it being as broad as it's long, I'll still be out of pocket?!
@@liligal2390 the tax policy is the tax policy pensioners cannot be excluded there are over 12 million. The lowest threshold should at least stay above the state pension tho.
@@christopherwhincup5608 Thank you. I guess I shall be concerned until this government finishes flexing its wings . . . ☹️
Stop paying for people that don’t belong here
Taking the pensions to spend on economic migrants .
🎯
Correct
Gimmegrants.
This country and they way they look after their own is a complete joke these days
Over my dead body !!!
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I hate my job but can't leave because of I won't get my state pension. What do you think about doing a 70/30 stocks bond ratio?
I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery
When you’re feeling pressured to retire, it’s highly recommended to consult an advisor, as their guidance can help you make more informed investment decisions.
Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 15% short of $1m ballpark goal as of today.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
REVOLUTION WILL START
Not before time the government are shafting the actual workers it's slowly becoming a dictatorship, they never keep their word or promises , but we step out of line we are hammered financially very very quickly , they are a disgusting bunch one and all
That's true there will be a revolution
I guarantee it! Yes, you are so right.
i signed to an agreement - i pay national insurance and at the end of my working life i receive my pension - if they try taking that away from me god help them - i was born in 1958
have you got a signed copy of this wonderful contract?
Maggie Thatcher said you should buy into a pension scheme and not rely on state support in old age
The Government have already spent the Pension Pot & so now they expect us to go without.
Fortunately MP'S, the Civil Service & Local Councils will not be affected by this but WE WILL.
Find out how much of your council tax gets paid straight into their pension fund.
My local council the figure is 40% of your yearly council tax bill
you mean it goes to people's pension who work in local councils?
Can you elaborate?
@@thetimeisnow6822 40% of my council tax goes straight into their pension fund. My local council use to send a letter out every year when our council tax went up and with it was a pie chart that showed that 40% was for their pension. It strange that they don’t send this information out now
@@haarew8336
The Government back in the Thatchers days all Businesses & National Companies where allowed to use that money to reinvest & in some cases they all lost the money. This also gave the Government access to our Pension Funds which have now also disappeared
They took disability benefit,now pensions what's left to take
@@metalmusic4958 Actually, it's MUCH worse than that.
@@metalmusic4958 Have a think about that. And then look back through history.
Welcome to victorian britain.
Also widows pensions gone.
@@gordonm1690 we have Victorian Britton for years. With food bank and higher prices for everything else kids go to school hunger pains and it just getting worse
So penalise the pensioners & the money saved will given to illegal immigrants who shouldn’t even be here.
Lowest pension in Europe and now they want to fecking TAX IT!!!!!! 🤬
Its always been taxed ! They are talking about removing it from well off folks who have paid into it same as everybody else
@@martinaston1715 I'm 76 living on my own on a single woman's pension + a small works pension that's taxed. Even so, I'm just over the limit to claim pension credit. My July energy bill came to £36.86,,,I use energy sparingly,,, don't use gas heating at all. Of the £36.86 bill, electric was £9.15 the rest was standing charges+ vat. It's going to be a long cold winter now for me and a few million other pensioners this year while illegals are kept cosy and well fed 😠
Sir Kid Starver
The man who spent £160,000 on chauffeur cars ,took an 85 min flight to Belfast costing £443.spent £20,000 on 4 flights to Washington ,spent £724 for taxis, and took home over £1 million in 5 years in charge of the CPS, and takes a £336,000 State pension and spent £250,000 in travel over 5 years as a public prosecutor.
The man with his own special tax bill, passed by parliament, just so he can dodge taxes.
The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013
Someone has to pay for the multimillionaire Prime Minister and his pensions.
Not to mention all the gifts he has accepted including expensive suits.
link to the evidence you are giving above as it seems highly unlikely that he has his own tax bill, is on a 336K state pension which is impossible or spent 250K whilst in charge of CPS on travel. I suspect you are reading Bot generated misinformation
@@moretimeneeded56 Remember there is a cap on pensions. But not for the parasite class.
So time to change that. Tax them on the value of their pension funds. Paid now, in cash. And no fiddling the discount rate. Has to be a risk free rate, easy to calculate from Gilts and CDS prices.
The value will shock people.
@@juttley72 The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013
You can google it on the Government Legistlation website.
So I suspect you're the bot.
*Sir Skid mark Starver
Have the elderly becoming a "sitting duck" trapped between the £12,750 tax ceiling and homeless poverty out on the streets?? There should have been more thought put into this before striking fear into the elderly? When did the state pension become a benefit? In the last 14 years?
Who sold the council houses so that people have no choice but to privately rent do you think? Majority of over 60s now we're able to either afford to buy their own homes or rent a council house. Pity the under 30s who can't afford the things we had and suffer unaffordable housing, student debt and have to delay having families due to cost. They can't all rely on inheriting housing as care fees might eat into this. We were very lucky as babyboomers
It was always a benefit and ‘means tested’ when introduced in 1909
Labour want to destroy pensioners
Yes your right we are a bloody nuisance for looking after ourselves they want to tidy us away 😢
Yes and so does the conservative it was talk about in the conservative part in 2017 if it happens Lab will be out in the next election
Source?
Not just labour
Yes they have a culling programme, we will all die from cold , we are living too long and claiming state pension . Then they can take our 3 bedrooms houses and give to the immigrants. Those who die before thier pension age will have paid in all thier lives , where are all those contributions now ? it’s a win win for the government. The buggers are telling us when to die now .
If state pensions were a benefit, they wouldn't be taxed.
That's a good point.
That's true, they can't be taxed if they are benefits
So you pay 35 years to qualify. But because you work to 66 you pay another 15 years .So i call this fraud they are taking money unnecessary If its a benifit why pay another 15 years surely there should be provision to opt out even now at 35 years contribution
I had to work for 44 years to qualify..
@@PeevyMctweevy35 years
No, you don't!!
@@kevinpounder Just live longer. You will easily draw out more than you put in. I have been retired 12 years and have received over £120,000 in OAP already. I paid in approximately £35,000 in NI. No contest.
Absolutely no, right...
People have paid in regardless of how much money they make... can't see why everyone seems to think people who saved more and never had a new car every year should lose their contribution.
We all paid into a promise, if that promise has now been removed surely we should get the money back so we can reinvest.
Also.. if this does come to law then they will want access to all your banks to monitor your money which the government has wanted for years, as how else will they know.
How will they define the means testing ? Is it 30000 over 20 years of retirement for example before they remove your state pension. Is the 30000 after tax ? What if you spend more than 30000 in one year.
I'll forsure be retiring early enough to take my private pension to bring my pension below the threshold in order to recieve the state pension if this is the case.
Again... Rip off Britain hammering the working class. Take to the streets and close the country down, people are slowly waking up.
This really annoys me! Those of us that are not rich but have been responsible to make sure that we have enough pension contributions to avoid being a draw on the state for universal credits etc, could in theory be penalised just for being responsible. If we have decided to invest in pensions etc rather than frittering money away and be a burden on the state in later life then that should be rewarded accordingly. Living our lives responsibly and paying taxes all of our working lives appears to count for nothing. On the other hand illegal immigrants will have more of the country's money, our money, spent on them in a single year then most people have ever received in their lifetime from additional benefits. This would be another kick in the teeth for resident Brits born here. This country is rapidly becoming over burdened by new guests arriving here and draining our treasury of taxes paid by us mugs, over £4.3 billion during 2023 on foreign immigrants accommodation and benefits.
Funding freeloading migrants £8m per day will have to come from somewhere.
£14 million now
@@MarkHutchinson-ry9sz Mind boggles, when it all could be stopped in the English channel.
Should be from the damn politicians, they don’t do their jobs.
And so don’t deserve to retire to luxury they should have the same pension as the average man in the street..see how they survive.
OUR STATE PENSIONS WILL PAY FOR IT!!!
I want my contributions back 100 percent otherwise it would be a criminal offence to take someone’s money in that way
This govt will not be bothered about the people's pensions, only the government taking what they want, simple
Not your money
@@user-rg4gw8es5z it is my money as I have payed full ni contributions for 38 years and have another 13 years before I retire so if a government decides to stop the state pension for me of course I would want my contributions back and so would everyone else. I can’t understand why you would say it’s not my money unless you are referring to the fact it’s paying for people receiving the state pension now, regardless of that it’s still my money
If only those that paid in then received the pension then there should be enough to pay the pension.
Technically that is what happens but only in name, the feckless layabouts that don’t pay in get pension credit instead which isn’t that far short of a full pension.
@@testpilotian3188 Now with all the Migrants in the country puts an Enormous Strain on the economy and that's the Reason the Government has come up with this Idea on Pensions.......😢
Those whom voted for labour going live to regret it.
It’s not of labours doing. The problem has been coming for decades there are less workers and more pensioners the money has run out.
It is NOT a benefit it IS a right, I spent 40 years paying into the system and now these scumbags think they can re-name it as a benefit and remove it!
The Tories quietly changed its definition from an entitlement to a benefit in 2016.
Yeah agree now they only want to give the ones that didn’t pay in
It was always a benefit, when introduced in 1909 it was means tested. It simple maths really, there are unlikely to be enough workers to pay for pensioners (falling birth rate) as each set of workers pay for the pensioners (as we paid for our parents). The ratio was once 1,000 workers to 310 pensioners it’s now up to 1000/360…….
It's not just pensions it any savings we might have because we now have to pay for podiatry and the waiting list for cataracts is so long you could be dead before you get seen so many people are having to use their savings to have it done privately I don't think they care its a case of your old you go to the bottom of the list or pay
@@christopherwhincup5608 Why does that calculation not apply to Civil service Gold plated DB pensions ?
Whoever dreamt up this load of kybosh has completely forgotten about the GREY VOTE..... bring it on!!!
@@crwoodford enlighten me🤔
@@tinawainwright7319 The Grey Vote... just all those of pensionable age who will vote in the next general election against these measures.... hope that helps.
@@crwoodfordok
work till you drop simple
Z
In order to pay for all the illegals and all the people who can work but don't want to😢
@@libertyjustice2427 ??
Anybody still working should expect to work until they reach about 72-75 and the prospect of this could cause some people in labour intensive jobs to not even reach this age. If you die before you get your pension it's a win for Labour because they don't have to pay you anything, that is ultimately what they are planning for!!
@@robertrowell7271 Collateral damage the UK is finished.
I think MPs will have to live permanently in their basements if they take the state pension away.
I've paid into my pension all my life. That's my money. So I'm entitled to what I have paid in
People base their entire pension planning expecting to receive their state pension. It would be criminal for the government to means test the pension as it would push people closer to poverty.
Why do you think they introduced workplace pensions? Because they knew full well what they’d promised everybody thry couldn’t deliver.
Pakistanis , Indians and Sikhs all get free pensions here
If they’ve paid 35 years NI contributions why not? What’s the point you’re making here?
I'm a Sikh and have contributed for the last 38 years. Does my ethnicity mean I should be excluded. I still have 6 years to go before I can claim my pension but hey ho It may be means tested by then.
@@faridkot20You’ve got an effin racist in the comments. Even harmless videos like this like this attract them like flies to stink. TH-cam needs to do more clear vermin like this from their platform.
@@faridkot20 I don’t think you could afford to work if you had three or more wives plus children. I’m aware it’s not in Sikhism culture to have multiple wives.
@@WildBill-py6vn I think you have to specify, do you mean contributory based Retirement Pension or non contributory pension credit? Any one allowed into country and given residency are able to claim benefits. If not contributory RP, which is earned, then non contributory RP otherwise known as pension credit. Many immigrants particularly from Indian sub continent attempt to have “dependent” parents admitted to uk. I would probably do the same if in their shoes.
What about our contributions made in good faith throughout our working lives? If you stop our pensions then refund this back to us. If we were not paying multi millions/billions to France, Rwanda and illegal immigrants who are put up in hotels with food, pocket money and a mobile phone we could look after our elderly pensioners properly.
There is also the issue of mass immigration. This is costing us a huge amount of money 😡
So all the thousands we have paid in are gone.
I’m leaving and coming back on a dinghy.
Yep I'm going to join u and call myself hammet
how many billions have we given to zelenski ????
How many billions for illegal migrants?
How many billions in foreign aid
@@papapabs175asylum seekers are paid for by the overseas development budget
We need to support Ukraine and Europe against the likes of Putin. It's in our interests
@@user-rg4gw8es5z
And where does the overseas development budget come from? The taxpayer.
I'm sorry, but this idea that a state pension is a benefit is pure nonsense. This is just semantics whether it is defined in law or not. The Law is an ass and needs to be changed. It sounds like a law of convenience.
I paid National Insurance for 41 years until I retired at 65 and at 76 I am still paying tax. It was pointed out to me, when I received my NI number in the late 1960s, that I needed to pay the stamp for 40 years in order to get a full pension. If you only paid for 30 years then you would only get 30/40s of it, which I thought was very fair. At some point they changed the rule so that certain people only needed to pay for 30 years to get the full pension. I believe this was done to help women who had given up work to raise a family, which I also thought was fair. Unfortunately, lots of other people have taken advantage of this in order to retire early, primarily those in the public sector. The very people that my taxes pay for in terms of their salary and their occupational pensions. A big chunk of my council tax goes the same way.
To make matters worse for me, I paid extra NI contributions for many years under the SERPS arrangement which gives me a State Second Pension. Again this is something I paid for out of my salary and at the time SERPS was portrayed as a savings scheme for retirement, and certainly not a benefit.
This country has lots of people of my age who have rarely worked, have paid little or no NI, yet they live on some sort of State handout....now that is a benefit !
The money to pay hotel bills, and then build 1.2 million free homes has to come from somewhere.
the first thing is i want all my NI contributions back
Rubbish people aren’t living longer near me , there is an extra 4 or 5 million extra people arrived plus assorted relatives all needing benefits.
Ok then please give me back the 2 years stolen from my local government pension because they put it back 2 years. Wasn’t what it was when I took out the scheme. Retrospectively changing the law.
I’ve already paid NI for 41 full years, and won’t get the state pension until 67 yrs. Therefore, if I continue to work full time until 67yrs I’ll have paid 49 years NI. I will be seriously angry if it’s mean tested.
Same here, I've got 6 years to wait.
The demographics were entirely predictable from the moment people were born. Only unprecedented immigration has changed our population so that needs to go.
It would take away any incentive for folks like me to scrimp and save for 40 years.... As it is, I have one cousin, with no savings who never made any provision for the future, who is effectively better off than me! (receives far more benefits than I ever will)
And all their benefits will be tax free unlike pensions
@@fanfeck2844Benefits are not tax free. Any income over the threshold is taxed, benefits included.
Well all we do is go out on the channel, come in on an inflatable boat, loose my I.D. And they’ll give me everything.
A BLOODY DISGRACE
The reality is in most countries they have spent the money and now this money is not coming in as most populations, people are retireing, not enough young people to keep up with the ridiculous spending, It's plain and simple, money missmanagment, greed and corruption has pissed our money away, they are happy to have you poor !
The State Pension is NOT a benefit. We have compulsorily paid for it throughout our working lives along with healthcare (which is only free for visitors to the UK). Had successive governments managed National Insurance contributions properly as two separate funds our healthcare and retirements would be secure
We are spending £8 million a day on folks who have not contributed to the economics of this country.
Reducing pensions of people who have done their whack and contributed is morally reprehensible.
It's a hell of a lot more than that, some say between £25/27 million, they won't give a straight figure because they know the country would go ballistic, it's rising every day with each boat that comes, that's why they are after our money, to pay for it all,
" The Government have been asked to have a look at means testing the state pension " Who asked them to TAKE A LOOK???
Sir Edward Troup, a former executive for HM Revenue and Customs. advisor to Keir Starmer.
The Civil service who are pushing this because they get a Shiny new department with new powers to look into everybody's bank accounts & thousands of highly paid new jobs . Ironic they are employing thousands of new recruits to save money . Typical yes minister Civil service. This will cost more that it saves but thousands of new civil service jobs so all good .
@@Time2RetireUK . Does that make him someone who sits in the house of Lords then? How about the expenses that the Lords and MP's claim whilst 'serving' the people, gets abolished. I would encourage that!
It would be criminal! Work all your life and finally get to retire at 66 , that would be a big stab in the back!
Age of retirement will go to 70 soon
When will people get it ...the real people in charge you will never see or even knew existed ..
Jacob Rothschild
@@MarkHutchinson-ry9sz It goes MUCH deeper than that.
Home office close it down far to many of them that will save us millions plus there perks mps 😮as well all expenses stopped plus drop their wages paid far to much money should be paid on performance worth about 15 k a year
This video spreads speculation and unnecessary panic. Means testing won’t happen and no government so stupid or suicidal to do this. But I expect anyone young not to get state pension till they are 71 or more!
We would have ReformUK Government if the Labour Government did this. Labour want to be careful, they have a big majority, only because the Conservatives were less than useless.
They might think that 30k personl pensions means no state pension but it'll be reduced to 20k. Pensioners pay tax on income above 12570. I foresee a lot of political unrest and lawlessness as a consequence. The government has broken the contract and they'll be shocked with the result of such a policy.
We need to stop complaining and start to take action now the government want us to argue between our selves then they can continue there plans they, the government don’t publish what there pension are going to be or the expenses they are claiming this his disgusting I wished I was cleverer. This was not made clear before we chose who to vote for was it did I miss it after all I’m dyslexic by the way. Luckily I didn’t vote for these people anyway.
Maybe the new king would like to say a few words on pensions and taxing what are his views?. I will get off my own soap box. How shall we start hower campaign what about writing to the mayor in your areas as was pointed out to us. If you had a good idea, we were supposed to speak to the mayor and he was supposed to speak to government so maybe this needs to take the same route😅Then again, we could do the same as the truckers and take hower zimmer frames and block up the road to number 10 just an idea.😢
The problem is that those who have never worked and never paid insurance contributions are getting a state pension.
Say a dependent comes from another country and is state pension age than he or she automatically gets the state pension.
This are the things that need to be looked at first.
@@user-bo7fc9tj4z if u never work in UK y would u get a state pension u only get benefits my brother only gets benefits no pension he 68
I will never vote labour. I will vote for the party who is going to look after its senior citizens not penalise them for work in hard all their life’s and who have savings .
Labour will make us all poorer
They always do and have done in the past. The voters knew this when they voted for Labour in the GE. They will regret that decision by the next general election.
The Tories just made us 22 billion pounds poorer.
@@ednammansfield8553 Not even the next one. Within the next few months at most.
Oh dear, voting for RefUK? Reading the Daily Fail? Never mind. Support Labour 👍🏼✌🏼❤️😀
I’m 73. As far as I’m concerned, when I started paying national insurance at the age of 15 there was a contract between the government and me. I regularly and fully pay this until I’m 65 and I receive NHS medical treatment and a state pension for the remainder of my life. If they remove my pension or even reduce it, they’ve broken the contract. I’ve worked my entire adult life including serving in HM Forces.
This is a disgrace. We’re already the poorest pensioners in Europe.
There will come a time that if you have savings , owned outright property and maybe a small private pension all will count toward means tested
Government are c***s.
Correct
People have paied for there pensions. They can’t stop pensions
Next, they will scrap ISAs to get more tax money from their savings.
People will start buying gold then.
I agree . That's the next step in means testing pensions
Had I been told the state pension is a benifit when I started work, I would have opted out of payments.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
How can i reach her, if you don't mind me asking?
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Thank you for putting this out looked--up ABBY JOSEPH COHEN SERVICES, her consuIting page came up at once, she seems highly grounded
My husband and I paid with blood, sweat and tears for our state pension. I would never ever work to pay NI now knowing the elites squander any contributions made by working legally.
Same as us. We are 92, he is in nursing home 68, 0000,pa, he pays tax too, he was a joiner and we denied ourselves so much his pension is a laugh really.. I am in our home still, I have Parkinsons, have to pay for my own PA because I have a small private pension I also pay tax. This is my first winter coming up that I am a single occupant, and she has just removed my fuel allowance. So I am very upset. On such a tight budget and thinking of my own fragility, I have nothing left to live for except a man who barely knows me. Don't be prudent, you will be the cash cow of the government to supplement the feckless. And if you are young and reading this, think of emigrating.
@@maryminty5876 I am so sorry mary and know how hard it must be for you because I have nursed my husband at our home with terminal cancer for 11 months, fighting every day just to keep him alive. To have the government squandering our money on the invasive army they are importing whilst we struggle and afraid to put the heating on, pay our council taxes etc. makes my blood boil. Because of the misdiagnosis during Covid and his mistrust of the NHS staff my husband refuses to go into hospital so will die at home in peace.
@@chrisglover7111 I am facing my first winter alone, I'm like a widow whose husband is still living. He doesnt know me sometimes. I would have looked for a nursing home together, but he needs highly specialised nursing care now, in secure surroundings. The awful thing is, having bee his sole carer for so long, all I am now is his bank and care admin clerk. I will go without so that i can visit. Next step is sell up the home. I wish there was someone to champion the nursing carers and look at the emotional cost of devoted care. My husband would not go to hospital either. He thinks he is in a hotel now. Thanks for sharing and God bless you both.
@@maryminty5876 you are a Saint at 92 with parkinsons, I struggle at 75. Your husband knows your looking out for him even in his 'fog', stay strong we are doing our best in spite of the evil politicians and those behind them who have brought us to our knees.
The more I hear about this, the more concerned I get about the reality seemingly escaping some people. It is not the case that pensioners no longer pay tax. We pay purchase tax, VAT, fuel tax, all sorts of tax. It's wrong to believe that only the younger generations are paying for the pensioners, the pensioners continue to pay into the system. Couple this with the amount of money that the government wastes, and I sincerely hope that it is realised that there are issues to be dealt with before victimising people who, before they retired, made this country what it was. The Tories paid £500 million to France - for what? Labour have just wasted £700 million by scrapping the Rwanda scheme and Labour are intent on spending even more money dealing with illegal (not irregular!) immigrants and giving them asylum. There's a lot that needs to be done before persecuting the pensioners and the remedy starts with the government and their wasteful behaviour. The Labour government has a Miliband whose insanity is going to cost the country jobs and money with nonsense about reducing carbon dioxide. Labour are a minority government and they know it (only 20% of the electorate voted for them) but they are intent on installing communism in the UK - what next, euthanasia??
Yes I minority government with 400 seat majority Labour hadn't water £700million on Rwanda theve scrapped it to save more millions wasted .4volunteers gone at a cost of £192million each only the inept corrupt useless Tories could do that and leave a National Debt of £2.85 billion that the experts say will take 87years to clear
Hold on , Liz Trust gets salary for life after that tiny stint as p.m.
Legal definition of Theft is: Intent to PERMANENTLY deprive the Owner the use of something.
Good commentary. Thank you. The thing that needs reform first is benefits to illegal and legal migrants.
Go go France get a dinghy over give a false name and live the dream end of 😂😂😂😂
Why do they think they want you to have an ID card, so people won't be able to do that..! Make you think, doesn't it!
It make me fume that having worked and contributed since the age of 16 I may be faced with getting a reduced pension whilst people who have never worked or contributed get benefits. I have one distant member of our family who has had 6 children by assorted men (only one of which pays towards the child’s up keep) She has never worked since leaving school at 16, she receives benefits, is currently in social housing, has been evicted three times by private landlords, despite receiving housing benefit, which she spends on tattoos and nails etc. STOP HER BENEFITS AND MAKE HER WORK. She is medically fit, nothing wrong with her at all, apart from bowed legs, which are open for longer hours than a supermarket.
The can take all the mps pensions and all the Lords pensions and all the police pensions that’s the country stuffed.
Contrary to what you have just stated Police Pensions are not FREE. I paid in 11% of my salary to a police pension so l am entitled to it. You get nothing for free . I also paid my contributions for a state pension so l am entitled to that too. Get your facts straight before you start denigrating a section of society for their alleged FREE pensions.
In my view, it's time rich tax dodgers were made to pay their share of taxes. They always means test poor people and the rich go skipping by, not a care in the world.
30,000 on top of my state pension🤔I wish😂
Thank every body that voted them in between there is a lot worse to come
I,ve worked all my life brought 5 children up on my own. Never could afford a private pension. So now i,m living on my basic state pension. Now they taking our heating allowance away. Please tell me why if you get pension credit you still can receive it. Which means you not got enough stamps for full pension. I might have well worked part time and claimed pension credit when the tories where in they paid the hardship payments to pension credit. So what did i work full time for. I,m living off basic pension. All my friends on pension credit where bragging about the 3 payment's they got last yr 2 £300 pounds and 1 £299 and i had full stamp got nothing. Very unfair
We knew Labour would tax us to pay for houses for migrants, but we still voted them a huge majority.
Enjoy the next five years, but don’t forget in 2029.
We need to vote for change, LabCon are not the answer.
Life expectancy is falling not rising
They can literally print money put of nothing
Q)why are we paying tax at all?
A) Literally just to prevent upward social movement and maintain the status quo, know your place peasants.
If your Government is sending money abroad (i.e. Israel/Ukraine) you're paying too much tax......end of discussion
Amen!
Well said
So, you want Ukraine loose then?
This was talked about in 2017 and the Conservatives turned it down
One of the issues is immigration… Not that there are too many, but there are not enough. With a declining birth rate and increasing older population, we actually need young immigrants to come here … they want to work hard and pay taxes. So when I hear anti immigration rhetoric, it really annoys me because we are cutting off our nose to spite our face. Things started going badly wrong with Brexit, and the loss of freedom of movement. We used to have loads of young people from Europe want to come here to work and pay taxes, now look where we are after the pathetic mess that is Brexit has ruined the good deal that we had.
HOWER LOT NEED WORK AND.OUTSIDERS WHERE ARE THEY GETTING ALL THIS WORK FROM THEIRS ONLY SO MUCH TO GO ROUND
Here here!
If they destroy the state pension i will have nothing to loose. I will turn to crime, not pay any bills and they can house and feed me in prison. To hell with authority.
The speculation is that those with very large personal pensions - more than £30000 per year may lose some state pension. Sounds like this may not affect you.
It would be criminal to make it means tested.
Literally criminal as taking money under false pretence is a crime . It's called fraud .
Target a vunerable group to cover the incompetence of a Government the Billions that Liz Truss lost ,all the enquiries that have cost millions eg Post Office & will the cost of the Monachy be on the agenda
Muslims get extra pension for each extra wife too, not a lot know that
And if retirement age with a bit of arthritis, etc, they all get Attendance Allowance which can be £400 per month
@@Lillilady888Same with PIP.
£187 weekly for each wife FFS!!!!!!!
@@user-vo3de1dz9b Yes they claim for wife one as usual and second, third wives are claimed for as co-habitees/single parents, plus children. They have a wife in uk then bring back additional Muslim wives from holiday. The British people are stupid to allow this. Muslims also technically divorce uk wife, import additional wives and make a new claim and wife one claims as a single parent.
Surely I could just marry 6 people then?
There is no levelling up , but dragging everyone down. Government and workers first!
They should firstly be looking at the public sector pensions and in particular those that are gold plated. Their pensions are grossly overpaid compared to the majority of the private sector
Rachel Reeves is raising the public sector pensions for some public sector workers, so why steal the money from the pensions
of retirees 😢
They need to steal state pension to pay for all the Gold plated Civil service pensions.
plenty of jobs in nhs, schools, social services et al if you think the perks are that good..
@@petersimpson633 Need to look at the total package salary, pension and security of job and I still believe that favours the public sector
2.6 Trillion but nothing to see here say the Civil service.
Stop wasting money on illegal gatecrashers.