I need to catch her at the right time first.
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I need to catch her at the right time first.
I lost touch with the changes in the scheme when i left , i thought there was legal challenge to govt changing the T and C and it was going well given that Trumpton had succeeded in their challenge. The only person i know who was pleased they moved the retirement age to 60 was my team partner in crime who joined late and wouldnt have got full term in by 55 but by 60 he will have made it. Ex Army Commando who now late 50's is still fit as a fiddle and front line kicking in doors and dealing with the contents.Nordboy wrote: ↑Fri Sep 17, 2021 6:05 pm We've just changed pension providers and i've been able to log on and see my pension projections...
It's a bit bloody grim, I knew the government had shafted me, but it looks like they're using the biggest dildo they can find to do it!!!!!
I'm now not sure I can retire at 55 (and I would have still worked just part time etc) like I thought i'd be able to.![]()
There was/ is, it's still ongoing and in the meantime we've all moved onto the new scheme regardless of the fact that we've won our case. Typical government though have still yet to work out what the result of challenge will mean, even though the court gave them until Sept 1st 2021 to come up with the remedy, and it may be we have to go back to court.Bigyin wrote: ↑Fri Sep 17, 2021 11:15 pmI lost touch with the changes in the scheme when i left , i thought there was legal challenge to govt changing the T and C and it was going well given that Trumpton had succeeded in their challenge.Nordboy wrote: ↑Fri Sep 17, 2021 6:05 pm We've just changed pension providers and i've been able to log on and see my pension projections...
It's a bit bloody grim, I knew the government had shafted me, but it looks like they're using the biggest dildo they can find to do it!!!!!
I'm now not sure I can retire at 55 (and I would have still worked just part time etc) like I thought i'd be able to.![]()
Tiepin , If you have been paying into a University " final salary scheme " , you will almost certainly have not been paying in NI contributions at the FULL rate . That's what I did and consequently receive less than £150 pw state pension . ( despite having 44 years of NI contributions behind me . I have heard tales of folk who HAVE paid 35 years of full NI contributions then additional years at lesser rate because they are also paying into a final salary scheme . Even they do NOT get the full state pension ! )Taipan wrote: ↑Sat Sep 18, 2021 12:12 pm Just looked a the gov.uk website and it says, "The full new State Pension is £179.60 per week", assuming you've paid full contributions, which the wife and I will certainly have done. We could easily live on best part of £360 a week, let alone our private pensions on top of it!
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Taipan wrote: ↑Sat Sep 18, 2021 12:12 pm Just looked a the gov.uk website and it says, "The full new State Pension is £179.60 per week", assuming you've paid full contributions, which the wife and I will certainly have done. We could easily live on best part of £360 a week, let alone our private pensions on top of it!
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I know it'll be a change but I had no idea the state pension was that much! I thought it was about £70 plus benefits if you need/qualify lol! We wont have any mortgage or rent payments and I don't shoot for the finer things in life, but a free c£1k a month will certainly take the sting out of things!Scotsrich wrote: ↑Sat Sep 18, 2021 1:09 pmTaipan wrote: ↑Sat Sep 18, 2021 12:12 pm Just looked a the gov.uk website and it says, "The full new State Pension is £179.60 per week", assuming you've paid full contributions, which the wife and I will certainly have done. We could easily live on best part of £360 a week, let alone our private pensions on top of it!
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You’d think so but it’s more difficult than you’d think.
My wife can’t take her pension for a couple of years and we’re living on about £1800/month and it’s surprising how the money disappears.
Okay we don’t skimp on going out or enjoying ourselves but there’s always something each month that you haven’t budgeted for.
This month:- dentist £145, grandkids birthdays £80, archery fees £75, boots for the wife £55 and that’s just some of the ones I can think of off the top of my head.
It’s not a big deal for us because we’ve got a fallback pot but there’s never a lot left at the end of the month in the current account.
People who have a limited fixed budget (and I mean really fixed) are in for a shock.
Taipan wrote: ↑Sat Sep 18, 2021 12:12 pm Just looked a the gov.uk website and it says, "The full new State Pension is £179.60 per week", assuming you've paid full contributions, which the wife and I will certainly have done. We could easily live on best part of £360 a week, let alone our private pensions on top of it!
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If you still have an income at pension age it's worth thinking about deferring the state pension. (You'll pay tax on the combined figure). Every 9 weeks you defer it they'll increase it by 1% or 5.8% for a year. So, when your income drops you claim an increased pension as your tax liability drops.Taipan wrote: ↑Sat Sep 18, 2021 1:25 pm
I know it'll be a change but I had no idea the state pension was that much! I thought it was about £70 plus benefits if you need/qualify lol! We wont have any mortgage or rent payments and I don't shoot for the finer things in life, but a free c£1k a month will certainly take the sting out of things!
The new state pension was introduced in 2016 so anyone already receiving their pension would have been on the old one and they weren't moved over to the new one. 2016 is 65 years after 1951(isn't education wonderful?Yambo wrote: ↑Sat Sep 18, 2021 1:40 pmTaipan wrote: ↑Sat Sep 18, 2021 12:12 pm Just looked a the gov.uk website and it says, "The full new State Pension is £179.60 per week", assuming you've paid full contributions, which the wife and I will certainly have done. We could easily live on best part of £360 a week, let alone our private pensions on top of it!
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My state pension is £150 a week (and some pennies). I looked up about the new state pension, wondering why I wasn't getting £179 and guess what, it's because the new rate is only for those born after April 4 1951. The fuckin' government is shafting me and being ageist. However, bearing in mind they've shafted just about everyone over pensions in the last few years complaining ain't gonna help.
I'm pretty sure you're OK age wise.![]()
Fixed? Council tax?Count Steer wrote: ↑Sat Sep 18, 2021 1:59 pm
Even though you won't be paying rent/mortgage the fixed outgoings are a bitCouncil tax, gas, electric, water, home and contents insurance, car/bike insurance then there's food, petrol...damned if I know how some people manage.
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That ^Count Steer wrote: ↑Sat Sep 18, 2021 1:59 pm
Even though you won't be paying rent/mortgage the fixed outgoings are a bitCouncil tax, gas, electric, water, home and contents insurance, car/bike insurance then there's food, petrol...damned if I know how some people manage.
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