Your State Pension

[GrumpyGregry]

Not specifically into specific savings pots no.

I was brought up to be proud that a part of my NI (and I guess tax but this wasn't made explicit) was going to pay for older peoples pensions. Paying them back, et cetera.

 

[snorri]

Goodness, I hadn't realised you were so young.

Indeed, his curmudgeonly demeanour is more common in those 40 years older.

 

[GrumpyGregry]

[QUOTE 4564418, member: 9609"]no still

Yes retired but still12 years to go until pension age, so my question still remains, once you have paid in the 30 years of contributions which I have done, then I thought you need no longer contribute, but the wording suggest you still have to ?[/QUOTE]
Why not login and find out?

 

[GrumpyGregry]

I reckon a change in common parlance to be groundwork for changes.

Whilst I'd still always refer to it as a benefit I'd man the barricades rather than see it changed into something that resembles "benefits scrounger" benefits.

 

[welsh dragon]

How about just calling it pension entitlement. sounds good to me..

 

[GrumpyGregry]

[QUOTE 4564418, member: 9609"]what is JSA ?[/QUOTE]
An allowance, meagre enough, with stringent conditions attached, paid to those who can prove they are actively seeking a job. See also Dole and Unemployment Benefit.

 

[GrumpyGregry]

How about just calling it pension entitlement. sounds good to me..

Because an entitlement to a benefit is not the same thing as the benefit itself? I'd prefer Retirement Compensation or some such myself.

 

[PK99]

http://www.ifs.org.uk/bns/bn105.pdf

History of Sate Pension

 

[Vapin' Joe]

The reality is that we retire too early for the state pension to be affordable. When it was introduced you had to be seventy before you could claim it and very few people lived much beyond that. I believe there were considerably fewer than one million claimants to begin with.

We now live longer and are healthier so we just have to accept that the retirement age will have to rise considerably. I "Retire" in twelve months, but I have no intention (And can't afford to) of stopping working.

 

[Dirk]

We get along fine on our current private pensions at the moment.
The state pension will be a nice bit of extra pocket money, when I receive it in 4 years time. My wife gets hers the following year.
Might just waste it on new bikes, holidays and wine.

 

[GrumpyGregry]

http://www.ifs.org.uk/bns/bn105.pdf

History of Sate Pension

This dates from 2010 consistently refers to pensions as a benefit. Anyone got a contemporary reference from the 20thC I wonder?

 

[GrumpyGregry]

Might just waste it on new bikes, holidays and wine.

Not understanding the use of waste in that sentence.

 

[Dirk]

Not understanding the use of waste in that sentence.

It was used in deference to some people's sensitivity with regard to Government benefits.

 

[midlife]

As you have income, while also being retired, are you able to shed light on @User9609's question about continuing to pay NI contributions?

As far as I am aware once you reach your pension age you stop paying NIC.

Shaun

 

[Dirk]

As you have income, while also being retired, are you able to shed light on @User9609's question about continuing to pay NI contributions?

I am not au fait with his personal circumstances.
I would suggest he contacts the NI people for clarification.