Whats your exit strategy?

[Khriss]

.....hence the massive pensions black hole as people just ain't dieing quick enuff ! K

[eggsarascal]

31 minutes ago, Khriss said:

.....hence the massive pensions black hole as people just ain't dieing quick enuff ! K

I was talking to a old boy the other day who was moaning about paying 40% tax on his pension. Poor old fecker is only drawing £80k a year now he's retired!

[Matthew Storrs]

5 minutes ago, eggsarascal said:

I was talking to a old boy the other day who was moaning about paying 40% tax on his pension. Poor old fecker is only drawing £80k a year now he's retired!

Hard life for some!

[eggsarascal]

3 minutes ago, Matthew Storrs said:

Hard life for some!

It's not all doom and gloom, he gets his free tv licence and bus pass.

[Matthew Storrs]

Not for long- free tv license is being stopped for pensioners next year I think- In practise I don’t agree with it but perhaps it should be means tested as some clearly don’t need the benefit...

Edited June 13, 2019 by Matthew Storrs

[forestboy1978]

18 minutes ago, eggsarascal said:

I was talking to a old boy the other day who was moaning about paying 40% tax on his pension. Poor old fecker is only drawing £80k a year now he's retired!

He'll be paying 40% on everything coming in above 40k so not so bad. 

 

That said, if you've paid taxes your entire life and your offspring will also pay inheritance tax on that which you bequeath them, then I think paying tax on a pension is a bit of a piss take. Certainly as you're taxed to the gills on just about every damn thing you buy also. 

[forestboy1978]

19 hours ago, Mike Hill said:

Zimbabwe it is then!

 

Or Chad,Liberia,DRC,Malawi,Nigeria etc.

 

Once you've gone black, you never go back ?

[eggsarascal]

3 minutes ago, Matthew Storrs said:

Not for long- free tv license is being stopped for pensioners next year I think- In practise I don’t agree with it but perhaps it should be means tested as some clearly don’t need the benefit...

Government ( any flavour) have said means testing would cost more than giving the tv licence to one and all. It does slot in to the pension debate though. The reason the Government/BBC want to do away with the free tv licence is because the BBC have a massive pensions deficit.

[difflock]

So the  ordinary non-occuptional pensioners are going to have to tighten their belts, to provide for inflated BBC Pensions, hmmmm  .  .  .

[skyhuck]

26 minutes ago, eggsarascal said:

Government ( any flavour) have said means testing would cost more than giving the tv licence to one and all. It does slot in to the pension debate though. The reason the Government/BBC want to do away with the free tv licence is because the BBC have a massive pensions deficit.

They are using the existing means test, if the OAP is eligible for pension credits, they will get a free TV licence.

 

The Ironi is that many, many OAP's who qualify for pension credits don't claim them, how funny would it be if they all claimed and ended up costing more than the free TV licences did.