Quote:
Originally Posted by mrmistoffelees
Since when did paying taxes and NI entitle you to a pension ? A persons contributions don’t pay for their pension they pay for the pensions of those entitled to a pension at the time the contribution is made.
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I don't think he understands this at all. Pension payments and the care system is funded out of current taxation, there is no magic pot of money paid into by those in their pre-pension years.
The irony here is that a considerable number of the generation I am citing have defined benefit or final salary pensions and, as a result, are in far better financial position than the generations that followed.