Re: Here comes the tax rises
 

Even adjusted for inflation they earned less, and I’d wager there were more one income households. I find the contention that the “average” person could or should have prepared for pension age - when successive governments gave no indication of pension reform - ludicrous.

The housing bubble is the fault of politicians. Not manual workers of the 1970s earning the princely sum of £70 a week.

Re: Here comes the tax rises
 

In the 70’s most households were single earning.

That means that around, ok a bit less, 50% of the population (women) did not work full time, or earn enough to pay into a pension ……..that’s a fact.

In the 70’s socialist utopia, private pensions just were not a thing.

---------- Post added at 22:08 ---------- Previous post was at 22:05 ----------

“Edge extreme” then call me “Sociopathic”. …….do you hear yourself when you think?

Re: Here comes the tax rises
 

Always, you should try it once in a while.

Re: Here comes the tax rises
 

So should withhold payments……..that was your advice?

If that “young” grew up in a family on benefits, isn’t it likely that future and potentially current pensioners were net contributors to those payments?

David Cameron 2010

4 weeks ….strap yourself in.

Re: Here comes the tax rises
 

You call it it ludicrous I call it common sense. Personally I don’t believe status quo exists for long in anything.

Here’s the thing

Pensioners aren’t untouchable, they’re not beyond the bounds of needing to make a contribution towards todays society, they haven’t earned an exemption.

Re: Here comes the tax rises
 

Always. I await your response to the points made, without the ad hominem attack.

Re: Here comes the tax rises
 

If the Government of 2064 called a 99.9% asset tax, seized your home, etc. would you feel the same? Or would it feel like a rug pull? After all the status quo doesn’t last.

I agree pensioners aren’t untouchable - the triple lock has been little more than a bribe masquerading as a good idea for over a decade - however the social contract on which the entire welfare state depends upon must be transparent and honest with people or you might as well bin the lot. Hyperprivatise everything and let me know if the workers of 2064 are better or worse off.

Re: Here comes the tax rises
 

Well there will be many that have made more than a contribution than you have, or ever will. That have made more of a contribution towards todays society than you have..or ever will.

You’re happy leeching off them?

Re: Here comes the tax rises
 

Aaaw bless do you want to point on the teddy where you were hurt?

Simple fact, money went further in the 70’s and some if not a significant amount of people had more of an opportunity to save than people do today if they didn’t then now they have to cutback

My first full time job in 1996 ish paid £7.5k a year, I gave £150 a month board and lodge put away £150 a month, and still had enough for everything else.

Priorities and not making assumptions

Re: Here comes the tax rises
 

And of that £7.5k how much did you pay into a voluntary pension scheme? By that, I mean one you proactively sought out (and not for example an employer one you theoretically could have opted out of but nobody does for obvious reasons).

Re: Here comes the tax rises
 

:sick:

You appear to be confusing "jumping on you" with pointing out incorrect statements…

You do you…

Re: Here comes the tax rises
 

In that job 0, I THINK my first private pension scheme was about 2 yrs later. I had the benefit of a very financially switched on grandmother who made sure I saved and invested from a relatively early age.

---------- Post added at 22:53 ---------- Previous post was at 22:52 ----------

I don’t believe I’m leeching off anyone, are you happy to be leeching off them ?

Re: Here comes the tax rises
 

do you have one ?

Did it? For who? You have some graphs and spreadsheets for this revelation?

Really???

So your parents generation were better off financially than yours? That is just historically incorrect.

So you were living at home, no one, ever that left home and lived in a private flat/ shared house has ever used the term “ board & lodge”

Because I had my first time job in 1990, which was £5,500 pa, and I paid £130 rent…..not “board and lodge” ……rent.

My landlord never “lodged” me…

Board and lodge, ff’ ing hysterical, Mum still wash your underpants for you.

Well done for capitalising off your parents.

---------- Post added at 23:20 ---------- Previous post was at 23:17 ----------

You don’t even know what you were correcting.

Good night grandpa.

Re: Here comes the tax rises
 

I rest my case. The state cannot, and should not, set minimum standards for pensions based on who did (and who didn’t) have astute grandparents with crystal balls.

Re: Here comes the tax rises
 

Grandad, actually.

Correct nomenclature is important… ;)

Good night, sprog.