Triple lock and more pensioners than ever.
I look forward to not getting back anything that I pay in while the current people on state pension benefit way more than they contributed
Shame I can’t take my money out of the system and invest it independently. Even if I leave the country, “my” pension contributions are kept in the UK system if I live in a country that doesn’t have a “qualified” pension system (QROPS). Because obviously I am not capable of managing this without government oversight and handholding.
That’s because you’re technically not paying for your own pension. You pay for the current pension then the next generation will pay for yours.
Whole thing needs an overhaul but I wouldn’t trust any of them to do it correctly
But they will only pay for yours if you do “enough” to pay for the previous generation in terms of qualifying years. The whole thing has been moulded into a weird reflection of the entitlement of baby boomers. Classic example of how our pseudo-democratic processes are terrible for long term planning.
Tory media promoting culture wars. The country is badly run. This is a con the Tories have pulled off for years. They shout about the expense services are costing in an attempt to remove them. The NHS is touted in the same vain and yet other countries like Germany pay less on healthcare and get more from it. The Tories have deliberately ran the system into the ground with additional costs through privatisation of services within the NHS.
You would need a break down of those costs the Times are crying over. How much is it costing for admin and private services attached to those costs. Stop buying into their shitty culture wars and think about what a country really needs. If you remove the pension system then it will be the kids who suffer the most.
