| Better-off pensioners to pay for WFA U-turn? on 18:54 - Jun 7 with 1179 views | SullutaCreturned |
| Better-off pensioners to pay for WFA U-turn? on 20:46 - Jun 5 by max936 |
It makes you think and wonder about how many government figures have an interest in these big businesses, there's always ways and means to get around any rules.
Got to re-do some of my quals early next year for another 5yrs and I'm retiring in the autumn of 2027, I've known and know of a few people who have gone on to work past their retirement who are paying tax on wages and their pension putting even more money into the coffers, I won't be doing that no chance. |
If they are not onvolved with these companies when they are Mp's etc, then as soon as they leave politicis they get offered very well paid part time jobs with the inference often being that while they weren't openly telling these companies things, there were things going on. try proving it though.
When George Osborne left politics he took 6 jobs didn't he, one as newspaper editor and where were his qualitications for that job, how does somebody do 6 jobs in a week?
The system is corrupt, the rich keep getting richer, we keep getting poorer and whoever we vote for, that keeps happening.
Thsi WFA U turn, we'll see but I don't expect much from it for a lot of people. |  | |  |
| Better-off pensioners to pay for WFA U-turn? on 21:26 - Jun 7 with 1107 views | ReslovenSwan1 |
| Better-off pensioners to pay for WFA U-turn? on 18:53 - Jun 7 by max936 |
Yeah, I know that, but you have to move providers, I've a couple, but its like chucking balls in the air, my lad has got a life time ISA but that's no good to me at my time of life and with only 2yrs left to work. |
You are not eligible for a lifetime ISA . Yo have to be under 40. 39 or less.
What is chucking balls in the air.? You should not put posters off a total "No Brainer".
The idea is to tie it up to a rate higher than inflation. Stocks and shares ISA is the best. It you are risk averse a fixed rate 2 or three year ISA. These days you can get 4% .
Transfering is dead easy. Just find the best rate over the longest period and walk into any bank or building society with you existing details. I have even taken a penalty for withdrawing for one which had a low rate. |  |
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| Better-off pensioners to pay for WFA U-turn? on 01:55 - Jun 8 with 1059 views | Robbie |
| Better-off pensioners to pay for WFA U-turn? on 18:54 - Jun 7 by SullutaCreturned |
If they are not onvolved with these companies when they are Mp's etc, then as soon as they leave politicis they get offered very well paid part time jobs with the inference often being that while they weren't openly telling these companies things, there were things going on. try proving it though.
When George Osborne left politics he took 6 jobs didn't he, one as newspaper editor and where were his qualitications for that job, how does somebody do 6 jobs in a week?
The system is corrupt, the rich keep getting richer, we keep getting poorer and whoever we vote for, that keeps happening.
Thsi WFA U turn, we'll see but I don't expect much from it for a lot of people. |
My State Pension is now classed as a Income Tax penalty going up against my new part time wage for job I am doing now .
My 1250 code will have a hit of £9 grand per annum before I go in to do my working shifts .
Maybe I should chuck the towel in and live like so many others , life is free and easy there . | | | |
| Better-off pensioners to pay for WFA U-turn? on 11:12 - Jun 8 with 989 views | controversial_jack |
| Better-off pensioners to pay for WFA U-turn? on 01:55 - Jun 8 by Robbie |
My State Pension is now classed as a Income Tax penalty going up against my new part time wage for job I am doing now .
My 1250 code will have a hit of £9 grand per annum before I go in to do my working shifts .
Maybe I should chuck the towel in and live like so many others , life is free and easy there . |
Everyone is taxed on their total income. It's always been the same. | | | |
| Better-off pensioners to pay for WFA U-turn? (n/t) on 11:22 - Jun 8 with 993 views | max936 |
| Better-off pensioners to pay for WFA U-turn? on 21:26 - Jun 7 by ReslovenSwan1 |
You are not eligible for a lifetime ISA . Yo have to be under 40. 39 or less.
What is chucking balls in the air.? You should not put posters off a total "No Brainer".
The idea is to tie it up to a rate higher than inflation. Stocks and shares ISA is the best. It you are risk averse a fixed rate 2 or three year ISA. These days you can get 4% .
Transfering is dead easy. Just find the best rate over the longest period and walk into any bank or building society with you existing details. I have even taken a penalty for withdrawing for one which had a low rate. |
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| Better-off pensioners to pay for WFA U-turn? (n/t) on 11:22 - Jun 8 with 993 views | max936 |
| Better-off pensioners to pay for WFA U-turn? on 21:26 - Jun 7 by ReslovenSwan1 |
You are not eligible for a lifetime ISA . Yo have to be under 40. 39 or less.
What is chucking balls in the air.? You should not put posters off a total "No Brainer".
The idea is to tie it up to a rate higher than inflation. Stocks and shares ISA is the best. It you are risk averse a fixed rate 2 or three year ISA. These days you can get 4% .
Transfering is dead easy. Just find the best rate over the longest period and walk into any bank or building society with you existing details. I have even taken a penalty for withdrawing for one which had a low rate. |
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| Better-off pensioners to pay for WFA U-turn? (n/t) on 11:22 - Jun 8 with 993 views | max936 |
| Better-off pensioners to pay for WFA U-turn? on 21:26 - Jun 7 by ReslovenSwan1 |
You are not eligible for a lifetime ISA . Yo have to be under 40. 39 or less.
What is chucking balls in the air.? You should not put posters off a total "No Brainer".
The idea is to tie it up to a rate higher than inflation. Stocks and shares ISA is the best. It you are risk averse a fixed rate 2 or three year ISA. These days you can get 4% .
Transfering is dead easy. Just find the best rate over the longest period and walk into any bank or building society with you existing details. I have even taken a penalty for withdrawing for one which had a low rate. |
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| Better-off pensioners to pay for WFA U-turn? on 13:21 - Jun 9 with 905 views | theloneranger |
"Who’s eligible this winter? Everyone over the state pension age in England and Wales with an income of, or below, £35,000 a year. Scotland and Northern Ireland announced their own updates in light of the government's cuts last year."
"How many people will benefit? The government puts the figure at nine million - or more than 75% of pensioners across the two countries.
How much will be paid? As before, £200 per household with a pensioner under 80, or £300 per household where there is someone over 80, will be made automatically."
https://www.bbc.co.uk/news/live/c5yxvdl4d0pt |  |
| Everyday above ground ... Is a good day! 😎 |
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| Better-off pensioners to pay for WFA U-turn? on 14:10 - Jun 9 with 873 views | AnotherJohn |
| Better-off pensioners to pay for WFA U-turn? on 13:21 - Jun 9 by theloneranger |
"Who’s eligible this winter? Everyone over the state pension age in England and Wales with an income of, or below, £35,000 a year. Scotland and Northern Ireland announced their own updates in light of the government's cuts last year."
"How many people will benefit? The government puts the figure at nine million - or more than 75% of pensioners across the two countries.
How much will be paid? As before, £200 per household with a pensioner under 80, or £300 per household where there is someone over 80, will be made automatically."
https://www.bbc.co.uk/news/live/c5yxvdl4d0pt |
Speaking from a selfish standpoint, I never thought I'd be in the frame to get my £200 p.a. restored. That is fine. What concerns me is how much extra tax I'm going to have to pay to help fund the U-turn. My guess is that it will be well above £200. | | | |
| Better-off pensioners to pay for WFA U-turn? on 14:44 - Jun 9 with 855 views | max936 |
| Better-off pensioners to pay for WFA U-turn? on 14:10 - Jun 9 by AnotherJohn |
Speaking from a selfish standpoint, I never thought I'd be in the frame to get my £200 p.a. restored. That is fine. What concerns me is how much extra tax I'm going to have to pay to help fund the U-turn. My guess is that it will be well above £200. |
Better off putting your money anywhere bar any financial institutions, under the mattress etc, the taxman can't touch it then. | |
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| Better-off pensioners to pay for WFA U-turn? on 01:18 - Jun 10 with 760 views | Robbie |
Getting to the stage where I think sod it , under the £35k limit myself and not really needing the allowance as a necessary income , lets have it please .
Everybody else is claiming left right and centre for hand outs , see it daily .
I want my £300 Winter fuel allowance payment please . | | | |
| Better-off pensioners to pay for WFA U-turn? on 08:49 - Jun 10 with 704 views | felixstowe_jack |
| Better-off pensioners to pay for WFA U-turn? on 12:34 - Jun 5 by controversial_jack |
It's not an entitlement, it's a benefit for those who need it. It was brought in by Labort in the late 90s, we didn't have it prior to that |
Probably because the pensions were so low back then. Fortunately the triple lock introduced by the nasty Conservatives in 2010 has made sure pensioners are better off. Still the nice Labour part stopped WFA in 2024. | |
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| Better-off pensioners to pay for WFA U-turn? on 08:53 - Jun 10 with 698 views | felixstowe_jack |
| Better-off pensioners to pay for WFA U-turn? on 11:12 - Jun 8 by controversial_jack |
Everyone is taxed on their total income. It's always been the same. |
Except those on benefits they receive all of them TAX FREE no matter how much they get. A family living on benefits can easily get £25,000 in TAX FREE benefits. Meanwhile those who receive a pension, which is classed as a benefit, will start paying tax the moment their income reaches circa £12,500. | |
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| Better-off pensioners to pay for WFA U-turn? on 10:28 - Jun 10 with 644 views | controversial_jack |
| Better-off pensioners to pay for WFA U-turn? on 08:53 - Jun 10 by felixstowe_jack |
Except those on benefits they receive all of them TAX FREE no matter how much they get. A family living on benefits can easily get £25,000 in TAX FREE benefits. Meanwhile those who receive a pension, which is classed as a benefit, will start paying tax the moment their income reaches circa £12,500. |
Those on state pensions don't get above 12,500, which was set by the last govt | | | |
| Better-off pensioners to pay for WFA U-turn? on 11:17 - Jun 10 with 624 views | Whiterockin |
| Better-off pensioners to pay for WFA U-turn? on 10:28 - Jun 10 by controversial_jack |
Those on state pensions don't get above 12,500, which was set by the last govt |
My state pension is £127 below that figure. Therefore I pay 20% tax on virtually every penny I receive from my private pensions. |  | | |
| Better-off pensioners to pay for WFA U-turn? on 11:45 - Jun 10 with 591 views | theloneranger |
| Better-off pensioners to pay for WFA U-turn? on 08:53 - Jun 10 by felixstowe_jack |
Except those on benefits they receive all of them TAX FREE no matter how much they get. A family living on benefits can easily get £25,000 in TAX FREE benefits. Meanwhile those who receive a pension, which is classed as a benefit, will start paying tax the moment their income reaches circa £12,500. |
Not all state benefits are tax free. | |
| Everyday above ground ... Is a good day! 😎 |
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| Better-off pensioners to pay for WFA U-turn? on 13:31 - Jun 10 with 538 views | controversial_jack |
| Better-off pensioners to pay for WFA U-turn? on 11:17 - Jun 10 by Whiterockin |
My state pension is £127 below that figure. Therefore I pay 20% tax on virtually every penny I receive from my private pensions. |
Yes of course you will pay tax on any income above the threshold, it's always been that way. Those on basic state will pay no tax | | | |
| Better-off pensioners to pay for WFA U-turn? on 13:44 - Jun 10 with 515 views | Whiterockin |
| Better-off pensioners to pay for WFA U-turn? on 13:31 - Jun 10 by controversial_jack |
Yes of course you will pay tax on any income above the threshold, it's always been that way. Those on basic state will pay no tax |
But those with additional state pension probably will pay tax on their pension. None of this is income but pension paid by the state. | | | |
| Better-off pensioners to pay for WFA U-turn? on 14:33 - Jun 10 with 474 views | controversial_jack |
| Better-off pensioners to pay for WFA U-turn? on 13:44 - Jun 10 by Whiterockin |
But those with additional state pension probably will pay tax on their pension. None of this is income but pension paid by the state. |
It's classed as income regardless. I don't think anyone pays over the threshold even with the enhanced state pension. If so, it's only 19% on anything over the threshold | | | |
| Better-off pensioners to pay for WFA U-turn? on 14:39 - Jun 10 with 455 views | Whiterockin |
| Better-off pensioners to pay for WFA U-turn? on 14:33 - Jun 10 by controversial_jack |
It's classed as income regardless. I don't think anyone pays over the threshold even with the enhanced state pension. If so, it's only 19% on anything over the threshold |
Gov.uk
The maximum combined State Pension and Additional State Pension in 2025-26 is £222.10 per week for the Additional State Pension, plus £230.25 for the full New State Pension, for a total of £452.35. | | | |
| Better-off pensioners to pay for WFA U-turn? on 15:02 - Jun 10 with 417 views | controversial_jack |
| Better-off pensioners to pay for WFA U-turn? on 14:39 - Jun 10 by Whiterockin |
Gov.uk
The maximum combined State Pension and Additional State Pension in 2025-26 is £222.10 per week for the Additional State Pension, plus £230.25 for the full New State Pension, for a total of £452.35. |
The maxi is £230 per week. You don't get both combined | | | |
| Better-off pensioners to pay for WFA U-turn? on 01:08 - Jun 11 with 339 views | Robbie |
My state pension of approx £9k per annum is now deducted from my tax code of 1250 .
I now go to work still knowing if I earn more that 3 grand a year I will be taxed again and I do break that limit and chuck more money into a bottomless pit , maybe I should throw the towel in on my working satisfaction , nope .
Rach give me the £300 as a perk on the taxes you already squeeze like a pip from me . | | | |
| Better-off pensioners to pay for WFA U-turn? on 06:13 - Jun 11 with 299 views | Whiterockin |
| Better-off pensioners to pay for WFA U-turn? on 15:02 - Jun 10 by controversial_jack |
The maxi is £230 per week. You don't get both combined |
You are not including the second state pension formally known as SERPS. | | | |
| Better-off pensioners to pay for WFA U-turn? on 09:36 - Jun 11 with 202 views | controversial_jack |
| Better-off pensioners to pay for WFA U-turn? on 06:13 - Jun 11 by Whiterockin |
You are not including the second state pension formally known as SERPS. |
Yes, that's included | | | |
| Better-off pensioners to pay for WFA U-turn? on 16:35 - Jun 13 with 105 views | Whiterockin |
| Better-off pensioners to pay for WFA U-turn? on 15:02 - Jun 10 by controversial_jack |
The maxi is £230 per week. You don't get both combined |
From the government website.
"The full rate of the new State Pension is £230.25 per week in the 2025-26 financial year (between April and April) but you may get more or less, depending on your National Insurance (NI) record."
Personally I get more. | | | |
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