observer Posted April 4, 2011 Report Share Posted April 4, 2011 Is this proposed new standard pension of ?150pw payable to everyone regardless of how much NI they've paid? IF so, surely it's an incentive to be feckless? Quote Link to comment Share on other sites More sharing options...
Bazj Posted April 4, 2011 Report Share Posted April 4, 2011 There was a bit on the news today which said that if you opted out of SERPS they would deduct a percentage off the ?150 to make it fairer on those that didn't. It never mentioned not giving any pension at all to the workshy though! Quote Link to comment Share on other sites More sharing options...
wolfie Posted April 5, 2011 Report Share Posted April 5, 2011 Is this proposed new standard pension of ?150pw payable to everyone regardless of how much NI they've paid? IF so, surely it's an incentive to be feckless? Yes and No Yes it will be payable to everyone including those who sat on their backside all their life, and No, to those already on a pension or those who receive a pension before 2015 regardless as to whether those people worked all their life and paid NI contributions. Quote Link to comment Share on other sites More sharing options...
observer Posted April 5, 2011 Author Report Share Posted April 5, 2011 So no need to tell out of work youngsters to sign on to get their NI stamp then?! Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted April 5, 2011 Report Share Posted April 5, 2011 I think you'll find that everyone will have to acheive the 30 years contributions brought in last year. There is no mention of what happens to those who don't have that many! Quote Link to comment Share on other sites More sharing options...
observer Posted April 5, 2011 Author Report Share Posted April 5, 2011 Well SL, it seems, even under the existing system, that folk who havn't had a proper NI paying job in their life, are getting the "basic" state pension - so the message is - don't be a squirrel, just spend it. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted April 5, 2011 Report Share Posted April 5, 2011 Will I get the higher rate Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted April 5, 2011 Report Share Posted April 5, 2011 Depends Dizzy how old are you Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted April 6, 2011 Report Share Posted April 6, 2011 Well SL, it seems, even under the existing system, that folk who havn't had a proper NI paying job in their life, are getting the "basic" state pension - so the message is - don't be a squirrel, just spend it. As it happens, I've just read that those who don't have the 30 years contributions will only have a percentage of the state pension depending on what they HAVE paid!! Also, you will have to have at least 7 years to qualify for anything! Sounds fair to me. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted April 6, 2011 Report Share Posted April 6, 2011 Depends Dizzy how old are you I will be 'pension age' by then obviously I don't mean now I mean when I get to the ripe old age I worked and paid full NI/tax for 17 years.. then I had time off with my little cherub and apparently was covered by something called HRP (Home Responsibility Plan) for 11 years (or maybe 9 as I do work now but dont have to pay anything) HPR was something you got automatically if you received child benefit and HMRC had you NI number.. and everyone with a child under 16 receives child benefit before Obs calls me a scrounger. The number of years you were covered with HRP apparently comes off the number of qualifying years needed to be eligable for full state pension I do work now but now don't earn enough to have to pay tax or NI... but I just read that the way HRP is calculated changed on 5 April last year. Oh dear does that mean I wont be entitled to my full state pension as I think I may be a few years down on the number of qualifying years... Why an I worrying ...... as I if I now get a real job or a pay rise so that I pay tax/ni I only have to work for a couple years to have my full quota... I think Infact if you do work but don't earn enough to pay NI is it still classed as a qualifying year ??? I wish I'd not read this topic now as I've got brain overload again. I wait with anticipation for Obs to now have a go at me for being a lazy sod.... not my fault I work very hard for nothing though Quote Link to comment Share on other sites More sharing options...
observer Posted April 6, 2011 Author Report Share Posted April 6, 2011 Well, based on folk I know - the difference between contributing and not contributing is negligible. Quote Link to comment Share on other sites More sharing options...
wolfie Posted April 6, 2011 Report Share Posted April 6, 2011 As it happens, I've just read that those who don't have the 30 years contributions will only have a percentage of the state pension depending on what they HAVE paid!! Also, you will have to have at least 7 years to qualify for anything! Sounds fair to me. What's fair about a system that differentiates between present day pensioners who may have worked and paid NI all their lives and 'new' pensioners who may or may not. The first will get ?97 per week and the second will get ?140. Quote Link to comment Share on other sites More sharing options...
observer Posted April 6, 2011 Author Report Share Posted April 6, 2011 Well it will save the young unemployed having to worry about it - and they can look forward to a rise from their dole! Quote Link to comment Share on other sites More sharing options...
Dizzy Posted April 6, 2011 Report Share Posted April 6, 2011 It is definately NOT fair Wolfie. Many of today's older pensioners started work when they were as young as 14 and have worked their socks off their whole lives so I actually think they should get more than those who have had it a lot easier. Quote Link to comment Share on other sites More sharing options...
observer Posted April 6, 2011 Author Report Share Posted April 6, 2011 Your instinct is correct Diz, but alas the expediency of politics means that nothing is fair in this life. Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted April 6, 2011 Report Share Posted April 6, 2011 As it happens, I've just read that those who don't have the 30 years contributions will only have a percentage of the state pension depending on what they HAVE paid!! Also, you will have to have at least 7 years to qualify for anything! Sounds fair to me. What's fair about a system that differentiates between present day pensioners who may have worked and paid NI all their lives and 'new' pensioners who may or may not. The first will get ?97 per week and the second will get ?140. I was only saying the new system with the amounts of contributions needed seemed fair. I wasn't saying it was fair that those on the present pension would continue as they are! It clearly isn't!! Quote Link to comment Share on other sites More sharing options...
observer Posted April 6, 2011 Author Report Share Posted April 6, 2011 It may be better to buy a lottery ticket every week?! Quote Link to comment Share on other sites More sharing options...
algy Posted April 7, 2011 Report Share Posted April 7, 2011 It is definately NOT fair Wolfie. Many of today's older pensioners started work when they were as young as 14 and have worked their socks off their whole lives so I actually think they should get more than those who have had it a lot easier. Corrrrrrrect! Dizz, where's this new one class society that Bloody! Laurel & Hardy are supposed to be making, all they are doing is intentionally creating two classes of pensioner and attempting to divide them them into two seperate groups, its the old addage, 'divide and conquer' sneaky pair of brat's. Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted April 7, 2011 Report Share Posted April 7, 2011 And even more reason for HMRC to get their sums wrong! They can't even get one system right so why do we suppose that 2 different systems will go smoothly? Quote Link to comment Share on other sites More sharing options...
observer Posted April 7, 2011 Author Report Share Posted April 7, 2011 Interesting, that while this is going on - they've just announced an increase in NI payments. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted April 7, 2011 Report Share Posted April 7, 2011 And I believe that new businesses don't have to pay employers contributions upto a certain level for their first 10 employees now. Or something like that. It's all getting rather 'bitty' don't you think and where things are 'bitty' and 'non standard' like SL says 'mistakes WILL be made' ? Quote Link to comment Share on other sites More sharing options...
observer Posted April 7, 2011 Author Report Share Posted April 7, 2011 The theory supposed to be that they are simplifying it all! Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted April 8, 2011 Report Share Posted April 8, 2011 I suppose if they do combine the Tax and N.I. elements it should be simpler, but that doesn't take into account the illiterate and innumerate staff they have!! What an ideal opportunity for HMRC to employ the out-of-work over 50s who can mostly do their sums and write a coherent sentence! Quote Link to comment Share on other sites More sharing options...
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