Re: The state benefits system mega-thread. Many merged.
 

And as has been stated before, NI was always seen as contributory, and was originally to pay for Unemployment Benefit and Pensions, with some now going to the NHS. It was administered by Approved Friendly Societies until it was Nationalised in 1945.

NI payments in are around £85 million a year, and state retirement pensions are around £144 million per year - not sure how you would square that circle without a cull on pensioners, or cutting the state pension in half. Or should we say that those who haven't contributed shouldn't get a State Pension?

Are you saving up for your retirement, and paying your NI Contribution?

Re: The state benefits system mega-thread. Many merged.
 

no no no the state pension costs 74 billion a year

Means test it

Re: The state benefits system mega-thread. Many merged.
 

Indeed

Re: The state benefits system mega-thread. Many merged.
 

as of course was Thatcher's

Re: The state benefits system mega-thread. Many merged.
 

Double indeed! Spend what you don't have and con people into believing they can put less into the system yet get more out. It's a very appealing message for some folks...

Re: The state benefits system mega-thread. Many merged.
 

So if the state pension costs £74 billion, and NI brings £85 billion, what is the issue?
So those who contribute through NI and also save up for retirement should be penalised for doing so?

Re: The state benefits system mega-thread. Many merged.
 

Yeah well they'd be fat cats and Tories wouldn't they... :rolleyes:

Re: The state benefits system mega-thread. Many merged.
 

No it is not about penalising anyone it is about the largest cost and massively so and set to rise to 100 billion if its left yet its being totally left alone and some people do not need it or all of it

---------- Post added at 13:58 ---------- Previous post was at 13:56 ----------

being a Tory has nothing to do with it. The largest single drain on the welfare bill by a huge amount is the state pension. This is incontrovertible

I roll my eyes scratch my head and think are theses people really that blinkered

Re: The state benefits system mega-thread. Many merged.
 

So what about all the money they and their employers contribute to NI?

Re: The state benefits system mega-thread. Many merged.
 

what about it?

What about the growing cost as more and more people live longer and longer. As I said it is an inconvenient truth but it is still the truth.

Re: The state benefits system mega-thread. Many merged.
 

Thanks for being so generous with other's monies.

Are you saving for your retirement, and paying NI as well?

Re: The state benefits system mega-thread. Many merged.
 

No it is the government that are wasting others monies not me and the sick and unemployed are not the ones taking it all.

I am not replying because I have already been open and honest in various threads and will choose what I repeat myself on ta very much

Irrelevant anyway because it does not change anything the figures speak for themselves. If you are cutting down a tree you do not start by picking leaves

Re: The state benefits system mega-thread. Many merged.
 

But if you pick too many leaves from the tree, it will not produce fruit....

I don't recall anywhere in these threads where you have stated that you are / or are not saving for your retirement (you have mentioned once your are on WRAG ESA), but if you feel the need not to be transparent, that is your prerogative....

Re: The state benefits system mega-thread. Many merged.
 

I bet you are though Hugh and I have no doubt as long as your pension does not go tits up you will have a pretty pot to sit on yet you will still get ( unless it changes) an extra £100 +per week paid for by the tax payer

Re: The state benefits system mega-thread. Many merged.
 

Erm, 'paid for by the tax payer'?

You must be meaning me, as my employer and I pay total NI of over £700 per month....

I will be 'sitting pretty' because I have always paid between 7 and 10% of my salary into various pensions where I worked - excuse me if I don't feel too guilty about not spending everything I earn and expecting others to foot my pension bill...:erm:

So, how are you saving for your retirement?