Quote:
Originally Posted by Hugh
Regarding pensions - at the moment, I will be receiving my state pension when I am 66 years and 8 months old (according to the Government website), by which time I will have worked (with a six month gap when I was redundant) for 49 years.
Last year I paid nearly £20k in tax (which I have no issue with), and over £4k in NI contributions.
I have contributed to a couple (probably six) pension schemes, and have worked out my total pension, including state pension, will be taxed by the equivalent of the state pension amount.
So if because I have been prudent and put money into pension funds for my retirement (and I will be taxed on these as income), are people seriously suggesting I shouldn't get the state pension?
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In all honesty yes because you do not need it. The state pension is part of the welfare budget in all honesty Hugh do you need welfare? will you ever need it?
I know what the state pension was meant to be originally but this failed. I do find it amusing that a guy on a high end wage wants his state pension irrelevant of where it comes from