| Junior Doctors strike 22:22 - Jul 24 with 1782 views | raynor94 |
Over the last 2years they have received 22% pay rise and now due 5.4% from August they are playing with people's lives, disgraceful to be striking |  |
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| Junior Doctors strike on 21:44 - Jul 25 with 515 views | Gwyn737 |
| Junior Doctors strike on 21:34 - Jul 25 by max936 |
Says you, the majority of people on a state pension have earned the right to receive that pension, they've probably worked anything from 45 yrs to over 50yrs in some cases and have paid in well over the odds, especially when after 35yrs you actually attain a full stamp, so why should workers have to continue to pay full Ni after those 35yr's you perhaps won't need the state pension because who you work for probably provides a decent pension or even a final salary.
How long do you 16k would last? 16 months at a grand a month and it's gone. [Post edited 25 Jul 21:50]
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Paying in well over the odds is one of the issues.
You could have paid in thousands more than your neighbour but get the same flat rate back.
Lots of the European pensions take this into account and it’s why many look so much better than ours.
On the flip side, they don’t get the private pension advantages we do.
I fully accept those retired or are pretty close are frustrated because they feel they’ve been sold a pup, but for those with a little way to go need to get their house in order because it doesn’t look sustainable in the long term.
Martin Lewis advises that a good rule of thumb for pension contributions is to take the age you start contributing and halve it. This percentage of your pre-tax salary should be saved into your pension each year until retirement. So if you’re 30 you should try and squirrel 15% away till you retire for a comfortable retirement.
I reckon that’s sound advice. |  | | |
| Junior Doctors strike on 21:46 - Jul 25 with 515 views | Scotia |
| Junior Doctors strike on 21:34 - Jul 25 by max936 |
Says you, the majority of people on a state pension have earned the right to receive that pension, they've probably worked anything from 45 yrs to over 50yrs in some cases and have paid in well over the odds, especially when after 35yrs you actually attain a full stamp, so why should workers have to continue to pay full Ni after those 35yr's you perhaps won't need the state pension because who you work for probably provides a decent pension or even a final salary.
How long do you 16k would last? 16 months at a grand a month and it's gone. [Post edited 25 Jul 21:50]
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I'm not on about pensions. If you've paid in you should be entitled to it, even if you're a millionaire. | | | |
| Junior Doctors strike on 21:55 - Jul 25 with 499 views | max936 |
| Junior Doctors strike on 21:44 - Jul 25 by Gwyn737 |
Paying in well over the odds is one of the issues.
You could have paid in thousands more than your neighbour but get the same flat rate back.
Lots of the European pensions take this into account and it’s why many look so much better than ours.
On the flip side, they don’t get the private pension advantages we do.
I fully accept those retired or are pretty close are frustrated because they feel they’ve been sold a pup, but for those with a little way to go need to get their house in order because it doesn’t look sustainable in the long term.
Martin Lewis advises that a good rule of thumb for pension contributions is to take the age you start contributing and halve it. This percentage of your pre-tax salary should be saved into your pension each year until retirement. So if you’re 30 you should try and squirrel 15% away till you retire for a comfortable retirement.
I reckon that’s sound advice. |
Pension age should be decided on the work you do as well, how can a man or woman in many cases work into the late 60's doing manual physical jobs, compare that with people working in offices etc and that's not deeming those that work in offices etc, before anyone gets their knickers in a twist. |  |
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| Junior Doctors strike on 22:00 - Jul 25 with 486 views | max936 |
| Junior Doctors strike on 21:44 - Jul 25 by Gwyn737 |
Paying in well over the odds is one of the issues.
You could have paid in thousands more than your neighbour but get the same flat rate back.
Lots of the European pensions take this into account and it’s why many look so much better than ours.
On the flip side, they don’t get the private pension advantages we do.
I fully accept those retired or are pretty close are frustrated because they feel they’ve been sold a pup, but for those with a little way to go need to get their house in order because it doesn’t look sustainable in the long term.
Martin Lewis advises that a good rule of thumb for pension contributions is to take the age you start contributing and halve it. This percentage of your pre-tax salary should be saved into your pension each year until retirement. So if you’re 30 you should try and squirrel 15% away till you retire for a comfortable retirement.
I reckon that’s sound advice. |
And you'll have government ripping those people off on the interest they accrue over those yrs through tax, taxing people on money saved that was taxed at the start before they saved and not everyone who works can afford to save with their earnings and what they have to payout to live and to keep a roof over their heads.
Same applies to private pensions. | |
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| Junior Doctors strike on 22:04 - Jul 25 with 477 views | trampie |
| Junior Doctors strike on 21:42 - Jul 25 by Whiterockin |
If you own your own home it's irresponsible to go into retirement with only £16K of savings. One major expenditure and you would be looking for government support. |
I don't understand why you think it is irresponsible to own your own home and have 16k savings ? |  |
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| Junior Doctors strike on 22:05 - Jul 25 with 482 views | max936 |
| Junior Doctors strike on 21:46 - Jul 25 by Scotia |
I'm not on about pensions. If you've paid in you should be entitled to it, even if you're a millionaire. |
Don't try and twist things, you was on about state pensions and the triple lock and that's the posts I replied to, as well you know. | |
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| Junior Doctors strike on 22:12 - Jul 25 with 462 views | max936 |
| Junior Doctors strike on 21:42 - Jul 25 by Whiterockin |
If you own your own home it's irresponsible to go into retirement with only £16K of savings. One major expenditure and you would be looking for government support. |
Not everyone can afford to save Whitey, those that earn a decent wage probably can I expect, but even then with today's costs on everything I can't imagine it's easy especially with kids under 18 living at home etc. | |
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| Junior Doctors strike on 22:14 - Jul 25 with 454 views | Whiterockin |
| Junior Doctors strike on 22:04 - Jul 25 by trampie |
I don't understand why you think it is irresponsible to own your own home and have 16k savings ? |
I said it's irresponsible to have less. You need to have more to cover all responsibilities. Social housing covers issues when they arise, own your own house and you are on your own. Money goes quickly when you retire as any retired person will agree. |  | | |
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| Junior Doctors strike on 22:16 - Jul 25 with 445 views | Whiterockin |
| Junior Doctors strike on 22:12 - Jul 25 by max936 |
Not everyone can afford to save Whitey, those that earn a decent wage probably can I expect, but even then with today's costs on everything I can't imagine it's easy especially with kids under 18 living at home etc. |
As people get older and become mortgage free things get easier, possibly it was different in my day. | | | |
| Junior Doctors strike on 22:20 - Jul 25 with 430 views | Scotia |
| Junior Doctors strike on 22:05 - Jul 25 by max936 |
Don't try and twist things, you was on about state pensions and the triple lock and that's the posts I replied to, as well you know. |
No. The post you replied to referenced benefits. I understand the state pension is a benefit, but it's not what I was referring to.
This is what I was referring to, from the government website:-
"To claim Universal Credit you must usually have no more than £16,000 in money, savings and investments as a single claimant"
That is mental. You can have £15.9k in the bank and the government have to give you more.
It applies to other benefits too, my wife spends a lot of her time making sure people spend frivolously so they stay under this limit. [Post edited 25 Jul 22:27]
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| Junior Doctors strike on 22:24 - Jul 25 with 405 views | trampie |
| Junior Doctors strike on 22:14 - Jul 25 by Whiterockin |
I said it's irresponsible to have less. You need to have more to cover all responsibilities. Social housing covers issues when they arise, own your own house and you are on your own. Money goes quickly when you retire as any retired person will agree. |
I don't see why you would say its irresponsible too own your own home and have £15,999 in savings going into retirement. | |
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| Junior Doctors strike on 22:28 - Jul 25 with 394 views | Whiterockin |
| Junior Doctors strike on 22:24 - Jul 25 by trampie |
I don't see why you would say its irresponsible too own your own home and have £15,999 in savings going into retirement. |
That response is pathetic. | | | |
| Junior Doctors strike on 22:34 - Jul 25 with 377 views | Gwyn737 |
| Junior Doctors strike on 21:42 - Jul 25 by Whiterockin |
If you own your own home it's irresponsible to go into retirement with only £16K of savings. One major expenditure and you would be looking for government support. |
This ^ | | | |
| Junior Doctors strike on 22:43 - Jul 25 with 357 views | trampie |
| Junior Doctors strike on 22:28 - Jul 25 by Whiterockin |
That response is pathetic. |
Somebody might find themselves in that position because of a range of factors, been unable to work due to ill health, been made redundant a couple of times, had to financially help out a son or daughter, had a run of bad luck - roof blown off, car engine gone kaput etc.
I can't see how it's irresponsible, if so what is a responsible amount ? and would that responsible amount be achievable by most people. | |
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| Junior Doctors strike on 22:59 - Jul 25 with 318 views | Whiterockin |
| Junior Doctors strike on 22:43 - Jul 25 by trampie |
Somebody might find themselves in that position because of a range of factors, been unable to work due to ill health, been made redundant a couple of times, had to financially help out a son or daughter, had a run of bad luck - roof blown off, car engine gone kaput etc.
I can't see how it's irresponsible, if so what is a responsible amount ? and would that responsible amount be achievable by most people. |
Someone put forward the point that someone with £16K of savings should not need benifits. I said that if you own your own home you should have that saved as a minimum when you retire, to cover possible expenses in the future. Many have a that as a lump sum when they retire, particularly under the current government scheme. To blow that and rely on hand outs if things go wrong is irresponsible. If you want to argue for argument sake crack on, you are just making yourself look foolish. We need to take responsibility for our actions, not just spend and rely on handouts. | | | |
| Junior Doctors strike on 23:01 - Jul 25 with 320 views | max936 |
| Junior Doctors strike on 22:43 - Jul 25 by trampie |
Somebody might find themselves in that position because of a range of factors, been unable to work due to ill health, been made redundant a couple of times, had to financially help out a son or daughter, had a run of bad luck - roof blown off, car engine gone kaput etc.
I can't see how it's irresponsible, if so what is a responsible amount ? and would that responsible amount be achievable by most people. |
Great post that Trampie. | |
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| Junior Doctors strike on 08:48 - Jul 26 with 197 views | SullutaCreturned |
| Junior Doctors strike on 21:42 - Jul 25 by Whiterockin |
If you own your own home it's irresponsible to go into retirement with only £16K of savings. One major expenditure and you would be looking for government support. |
Not of you're still working or have an occupational pension as well as a state pension, which you would still be paying tax on too.
Also, if you have managed in excess of 16k in savings that is also from money you will have paid tax and NI on. You may have downsized your home to have spare cash to enjoy life with.
Do you, or anybody else think that life should be work until your're old then sit around waiting to die? Aren't we entitled to enjoy our retirements too?
You can't win sometimes. I will say, people who are working and have 16k or more in savings shouldn't get benefits, if they can save money then they are not short.
AND, owning your pwn home in retirement doesn't mean you have spare cash to save either. How far does a state pension go if it's all you have?
That said I am a big believer in the aforementioned downsizing, reduce your costs, give yourself some spare cash. People who stay in a house to big for them because it was the family home, I believe, is plain silly and based on an excess of emotion where logic and common sense should prevail.
My childhood home is still in my head, Can see every room, I can smell my grans welshcakes on the bakestone, still see my first dog, the building itself has changed beyond recognition but my memories are still there. I don't need the home itself for that. | | | |
| Junior Doctors strike on 09:23 - Jul 26 with 177 views | Boundy |
| Junior Doctors strike on 08:48 - Jul 26 by SullutaCreturned |
Not of you're still working or have an occupational pension as well as a state pension, which you would still be paying tax on too.
Also, if you have managed in excess of 16k in savings that is also from money you will have paid tax and NI on. You may have downsized your home to have spare cash to enjoy life with.
Do you, or anybody else think that life should be work until your're old then sit around waiting to die? Aren't we entitled to enjoy our retirements too?
You can't win sometimes. I will say, people who are working and have 16k or more in savings shouldn't get benefits, if they can save money then they are not short.
AND, owning your pwn home in retirement doesn't mean you have spare cash to save either. How far does a state pension go if it's all you have?
That said I am a big believer in the aforementioned downsizing, reduce your costs, give yourself some spare cash. People who stay in a house to big for them because it was the family home, I believe, is plain silly and based on an excess of emotion where logic and common sense should prevail.
My childhood home is still in my head, Can see every room, I can smell my grans welshcakes on the bakestone, still see my first dog, the building itself has changed beyond recognition but my memories are still there. I don't need the home itself for that. |
It costs just shy of 16k to have a knee replacement or 12k to have spinal surgery to alleviate pressure on ones spine, carried out privately so 16k can be wiped out in just one transaction ,some people wont downsize their property because loved ones ashes are spread there as is their right .People make choices based on what's right for them not because its right for someone else.
Why downsizing is considered like in our case we would like to move to a bungalow on a level surface without slopes and steps but to do that would mean either taking out another small mortgage or spend what savings we have to make up the difference as bungalows tend to be 10k more expensive and harder to find. | |
| "In a free society, the State is the servant of the people—not the master." |
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| (No subject) (n/t) on 09:58 - Jul 26 with 154 views | onehunglow |
| Junior Doctors strike on 10:32 - Jul 25 by trampie |
The way to address the sustainability of the system is not to cut the poorest peoples incomes and push them into poverty with all the associated costs that go with that, its to address inequality in this country, eg take money off the rich and well paid and spread wealth. |
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| Junior Doctors strike on 10:23 - Jul 26 with 139 views | Whiterockin |
| Junior Doctors strike on 08:48 - Jul 26 by SullutaCreturned |
Not of you're still working or have an occupational pension as well as a state pension, which you would still be paying tax on too.
Also, if you have managed in excess of 16k in savings that is also from money you will have paid tax and NI on. You may have downsized your home to have spare cash to enjoy life with.
Do you, or anybody else think that life should be work until your're old then sit around waiting to die? Aren't we entitled to enjoy our retirements too?
You can't win sometimes. I will say, people who are working and have 16k or more in savings shouldn't get benefits, if they can save money then they are not short.
AND, owning your pwn home in retirement doesn't mean you have spare cash to save either. How far does a state pension go if it's all you have?
That said I am a big believer in the aforementioned downsizing, reduce your costs, give yourself some spare cash. People who stay in a house to big for them because it was the family home, I believe, is plain silly and based on an excess of emotion where logic and common sense should prevail.
My childhood home is still in my head, Can see every room, I can smell my grans welshcakes on the bakestone, still see my first dog, the building itself has changed beyond recognition but my memories are still there. I don't need the home itself for that. |
I was talking about £16K in retirement, not saved while working. Many have over that tax free when they take their company/private pension even if is small. Particularly with the auto enrolment pensions now. Some take their cash lump and blow it I still maintain that is irresponsible, inflation nibbles into pensions [state is an exception] you need to plan for retirement, lose a spouse and finances can be hit hard. | | | |
| Junior Doctors strike on 10:49 - Jul 26 with 123 views | max936 |
| Junior Doctors strike on 09:23 - Jul 26 by Boundy |
It costs just shy of 16k to have a knee replacement or 12k to have spinal surgery to alleviate pressure on ones spine, carried out privately so 16k can be wiped out in just one transaction ,some people wont downsize their property because loved ones ashes are spread there as is their right .People make choices based on what's right for them not because its right for someone else.
Why downsizing is considered like in our case we would like to move to a bungalow on a level surface without slopes and steps but to do that would mean either taking out another small mortgage or spend what savings we have to make up the difference as bungalows tend to be 10k more expensive and harder to find. |
There was one for sale near my Brothers house in Treboeth needed some updating, but that was a nice bungalow and a bargain at £210.000 | |
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| Junior Doctors strike on 20:30 - Jul 26 with 54 views | SullutaCreturned |
| Junior Doctors strike on 22:59 - Jul 25 by Whiterockin |
Someone put forward the point that someone with £16K of savings should not need benifits. I said that if you own your own home you should have that saved as a minimum when you retire, to cover possible expenses in the future. Many have a that as a lump sum when they retire, particularly under the current government scheme. To blow that and rely on hand outs if things go wrong is irresponsible. If you want to argue for argument sake crack on, you are just making yourself look foolish. We need to take responsibility for our actions, not just spend and rely on handouts. |
I agree with Trampie on this. If you can manage to save that and more then great but there are a vast range of reasons why you might not be able to.
I'm 58, my occupational pension is already paying out and I didn't take a lump sum because I thought I had a lifelong medical condition and wouldn;t be able to work. Now with 9 years left on our mortgage I can't say we'll have very much in savings because we have a 16 year old son and we will back him to the hilt.
We shouldn't need benefits on retirement but we mist likely won't have very much in savings.
Tale each case on its merits, generalising about this could be badmouthing a lot of people for no good reason. | | | |
| Junior Doctors strike on 20:34 - Jul 26 with 46 views | SullutaCreturned |
| Junior Doctors strike on 09:23 - Jul 26 by Boundy |
It costs just shy of 16k to have a knee replacement or 12k to have spinal surgery to alleviate pressure on ones spine, carried out privately so 16k can be wiped out in just one transaction ,some people wont downsize their property because loved ones ashes are spread there as is their right .People make choices based on what's right for them not because its right for someone else.
Why downsizing is considered like in our case we would like to move to a bungalow on a level surface without slopes and steps but to do that would mean either taking out another small mortgage or spend what savings we have to make up the difference as bungalows tend to be 10k more expensive and harder to find. |
Tha'sexactly my point mate, take each case on its merits, on its own evidence. Saying that it's irresponsible to not have 16k going into retirement is unfair because we don't know what peoples lives are, not even if we know them well. | | | |
| Junior Doctors strike on 20:44 - Jul 26 with 31 views | SullutaCreturned |
Back o topic, the BBC reckons that junior doctors are only 7% behind what their pay was worth in whatever year they stated and that public sector generally was 4% behind. | | | |
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