LATEST MOAN FROM YOU AND ME - 2022

Discussion in 'Off-Topic Discussion' started by shiney, Jan 1, 2022.

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  1. pete

    pete Growing a bit of this and a bit of that....

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    I'd also add that once you have paid the required qualifying amount of contributions you should be able to stop paying them.
    I and a lot of other have paid 15 plus years on top of the qualifying amount you need for full state pension.
     
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    • Jocko

      Jocko Guided by my better half.

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      Women's pension age went up on a sliding scale. My wife worked to 62 and a few months.
       
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      • gks

        gks Total Gardener

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        Which will result in a reduction in you pension, is it 35 years contributions to qualify for full state pension? As I said, Denmark state pension retirement age is 67, however, I think you are allowed to retire earlier if you have contributed into the state pension for 38 years. I think it's 3 years earlier, so it would be 64.
         
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        • JWK

          JWK Gardener Staff Member

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          It was stepped up but in an unfair way. The government was recommended to give 15 years notice but they didn't. Mrs JWK never had a letter like many others she learnt about it when she was 59 expecting to get her pension the next year. The steps were unfair, a friend got her pension 3 years earlier because she was just one year older.

          I think it has always been the case that the current set of taxpayers fund the pensioners. Otherwise Lloyd George's reform wouldn't have kicked in for a generation.

          It seems fairer to build up your own state pension going by your national insurance payments but it doesn't quite work like that as it would disadvantage women who bring up a family and carers. Mrs JWK paid voluntary NI to get to 40 years, so as to get the full pension, only for the govt to bring the number of years down to 30, they wouldn't refund her and it was a significant amount we scrimped and saved for at the time.

          All in all it was a terrible experience suffered by many women born in the 1950s. There is still a campaign going on right now to butter up Liz Truss trouble is it would cost a hundred billion.
           
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          • JWK

            JWK Gardener Staff Member

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            I could moan about my experience with the Equitable Life pension scheme that was a complete fiasco.

            If I had my time again I would have been a teacher or civil servant so as to get a decent pension.
             
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            • pete

              pete Growing a bit of this and a bit of that....

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              I realise there has to be some flexibility in the system so as to cover those that cant work or are doing other things, but to pay in for 51yrs and you only get the same pension as someone who only paid in for 35yrs does seem to be almost criminal.

              If you paid that money to anyone other than the government you would probably fight it out in the courts.
               
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              • Jocko

                Jocko Guided by my better half.

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                My brother had the right idea. He retired from the Police on roughly half salary plus a lump sum. He then continued his job for another 10 years in a civilian capacity (Police College) and then retired with a further pension and another lump sum.
                 
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                • shiney

                  shiney President, Grumpy Old Men's Club Staff Member

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                  When I retired we had to have paid 44 years of contributions and I was one year short. I had the choice of paying an extra year's contribution or having my pension reduced. I found a section in the law (should think they have stopped that now) that the pension office didn't know about. I had retired the year early to do voluntary work for a charity and found a clause that would allow me to count that year as a credit. I couldn't get my pension until that year had expired.

                  I retired when I did as the lease had run out on my work premises and the landlords wouldn't allow me to renew it for just one year. They wanted a minimum of 10 years. I had been a PITA to them for decades. :whistle: The previous time I had renewed the lease, 20 years before, it took us 18 months to come to an agreement. They gave me a 40 page copy of the standard lease for all the tenants in the building (it included the county court) and I was the only one to object to it - don't think the others could be bothered to read 40 pages of small print! They eventually agreed with me removing the equivalent of about eight pages.

                  I went through that year before pension living off a working girl. :roflol:
                   
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                  • NigelJ

                    NigelJ Total Gardener

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                    That got me as well.
                     
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                    • CanadianLori

                      CanadianLori Total Gardener

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                      We call public servants who do that "Double Dippers" into the public purse.
                       
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                      • pete

                        pete Growing a bit of this and a bit of that....

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                        Brother in law did similar retired collected good pension, got bored went back doing training.
                        Complained about paying higher rate of tax.:rolleyespink::biggrin:
                         
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                        • noisette47

                          noisette47 Total Gardener

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                          Well thank you for that, JWK! I always wondered if it was me that missed something critical regarding the 6 stolen years, but Mrs JWK's experience mirrors mine exactly. Except I missed out by about 5 months. It's also had an enormous impact on our life over here. We did our sums very carefully (as you would) but living on one State pension and a small Company pension when you'd planned around two State pensions + is not a laugh a minute!
                          What really riles me, though, is that I contributed a lump sum to ensure the full pension, before leaving UK. There was no option to contribute once over here. Then the DWP have the gall to inform me that I've got 6 years-worth of contributions missing. The very same 6 years that they imposed! :gaah: Now they're inviting me to contribute even more, again. Epithet, epithet, epithet :biggrin:
                           
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                          • noisette47

                            noisette47 Total Gardener

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                            Not arguing (;)) but would you have volunteered to take a few years out to produce children and bring them up? Hein?? :roflol:
                             
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                            • pete

                              pete Growing a bit of this and a bit of that....

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                              Well, yes, not arguing:biggrin:.
                              But I'd make allowances for that, but the 60 women 65 men anomaly went on for more years than i can remember.
                              Bearing in mind women have always lived longer than men, how long do you think it would have gone on had it been around the other way. ;)
                               
                            • noisette47

                              noisette47 Total Gardener

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                              Women have been having babies for more years than I can remember :biggrin:
                               
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