Pensions haha.
I never paid into a private pension, never thought I'd get to the age to collect on it. I now get the State Pension only, no other benefits (maybe I shouldn't have bought my own house). It appears I'm now holding the Country back because pensioners take too much from the 'taxes paid' pot.
Public Sector Pensions:
Quote:
Public sector pensions are workplace pension schemes for government employees.
The largest public sector pension schemes in the UK are those for the armed forces, the Civil Service, NHS workers, teachers, police and firefighters, and employees working in local government.
These schemes are statutory defined benefit pensions, which provide an income in retirement based on how much you earned when you were working.
Most major public sector schemes are ‘unfunded’. This means that they're paid from current tax revenue, rather than from dedicated investment funds.
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Seems to me that my
basic pension isn't quite the biggest 'drain' from the tax pot.