Will You Get a State Pension? 

Damien, have you just woke up ? Government hand outs have always gone to the "duckers & divers" not the hard working, careful, diligent, savers. I challenge you, just compare a retired couple with savings, a small weekly pension (around £70 per week) plus their respective State Pensions and they own their two bed Flat. Yes, compare these to a retired couple that live next door in an identical rented flat with no small private pension and no savings. During this period of their lives, who gets the most government handouts ? ? ? You must include in your calculation nursing home costs & funeral costs ! !

Statistics show that many UK residents "sell up" their UK homes in preparation for a "full-on-benefits" retirement, they stash their cash in an overseas account, which is used to pay directly for stuff like a a/ new car b/ holidays

You seem to ignore the fact that the state pension is a low amount as compared to most comparable countries. If the pension was based on the living wage then that’s a start but the pension amount is way below. A triple lock to increase what is already a low amount is certainly not something that should be attacked as being unfair……give pensioners a reasonable pension in the first place then we can discuss how it should be increased annually. As an aside what pension does an MP get in addition to state pension? ….and remember the part that tax plays as well. A state pension takes up most of the personal allowance….other income then becomes taxable …unless it’s in an ISA…… by not increasing personal allowances you are increasing the tax burden. Whilst it’s called a benefit the state pension has been earned by 35 plus years of contributions…….if it’s difficult to fund state pensions then let’s start an analysis of what out taxes are actually spent on…..and also look at how the really wealthy individual,families, trust funds and corporations do not pay their share of tax.

I don’t know why you’re so surprised they are taking this away ? You can’t rely on the government anymore for support, but at the same time if they are taking this away then the NI should be scrapped in my opinion fairs fair

It's a virtual guarantee it will be gone in 20 years.

Definitely. The system doesn't want the average Joe to succeed.

You can’t have it stolen. It isn’t yours.

“Stolen” 😂😂

@@DavidC-fk2wg Oh look we've got a bootlicker here. You receive national insurance qualifying years for with each year of NI contribution. Yes there isn't a big pot of money but you know full well it is owed to the population.

No chance mate, that's too reasonable a way to think! They will take your pension from you and put you on Universal Credit and they won't care that you're upset. They will bullshit the rest of the working population that we can't afford it, hard choices etc. That they were the party(whatever colour) that faced up to the mess left by the last government and State pensions are no longer a viable option. Mark my words, State Pensions are Going and making the Winter Fuel Allowance means tested is only the first stage in dismantling it. And that will be followed by selling off the NHS!😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮

This is what should happen if they decide to means test it

It most certainly is a benefit. You dont pay for you. You pay for the older generation.

@@basicfilmblog you pay National insurance contributions- you need 35 years of contributions to be eligible for a full state pension mr basic and if you pay 45 years of NI contributions you don’t get any extra but if you pay less than 35 years you get a reduced pension - your welcome for today’s life lesson ❤️

Yip be a doormat get walked over

That's the point of benefits though. To provide a safety net for those with less. If you can afford to contribute you don't need the safety net.

In principle but in practice it's used as a lifestyle choice by many. Additionally it keeps a low wage economy viable (via in work benefits) and supports a landlord class helping to inflate house prices (via the billions subsidising rent). If you work hard, save a little and fall on hard times you'll get no help which is why the benefit system for many is pointless and they'd be better off keeping the tax and self insuring. The state pension will be yet another example of a failed socialist policy that favours the feckless should it become means tested.

​​@@davidnash4393 The point of benefits is to support people that dont save ? So what would be the point in anybody saving for retirement if they gets punished for it ?

@@stuartregan1627 Get it right😮 The point of benefits is to support the people who CANT save because of poor wages and companies who want to keep the wages bill as low as possible and make huge profits at their workers expense. And Pensions are taking a huge chunk of GDP so expect them to be abolished🤔🤔😢

Do you honestly think the regime actually give two shiny shites? They will do as they like, just as they always have.

The Tories did introduce opting out of SERPS (where you would get a reduced state pension if you took some of the NI and put it into a private one instead). But the last Labour Govt put a stop to that.

Tax is essentially theft. Sometimes we get some of it back but it never feels like a fair deal.

I opted out of SERPS but then the last labour government scrapped it.

@@andymcnish Wrong opting out was scrapped in 2016 by the Tories! what Labour did in 2002 was replace SERPS with a different S2P scheme, if you were already opted out in 2002 made no difference.

It comes straight out of your salary right? How are you "going without things?

​@@nikoc3585by means of SIPP, or just increasing employee contribution!

That's not the state pension. That's a private pension.

@@nikoc3585 I am putting money into a private pension rather that spending on holidays, cars etc. So, if state pensions are means tested I may lose my state pension because I made sacrifices to also have a private pension.

I really hope you do get your pension and your right to save because of uncertainty please have a good life along the way🌈

Agreed. I have 35+ years and would expect a partial refund at the very least.

You can expect but the reality is that you were part of the many and the ones coming behind are the few. Not enough children being born with the consequence that a shrinking workforce cannot pay for a larger and longer living pensioner population. The pension as we know it was introduced in 1946. Life expectancy has increased a lot since then. Women have moved from 60 to 67 however men being roughly 1/2 the population instead only 2 years extra in all that time. So a shrinking workforce and longer living pensioner population just doesn't work so pension age will have to ramp up and real reform of the workplace pension needed to get rid of qualifying earnings and set the employee and employer contributions much higher but the effects of that will take decades. The bit in between is a real and looming problem which successive governments have failed to tackle because it is so divisive however all the inaction has done is make the problem much more acute and therefore much more painful for all caught in it. It's not the younger workforce that's the problem it's the inaction of government.

@@doyler78 the ambition should be to bring UK pensions inline either equivalent western countries. Which are typically twice that of the UK. UK is locked in a mantra of ‘can’t afford this or can’t afford that’ as the population indoctrinated into is in increasingly grateful for having less than nothing. This isn’t a short term fix, but the whole approach needs radical transformation of a long and sustained period. This is required across all levels and ages society from from child through education to working and retirement, but reaching pension age should not leave people so vulnerable. There are plenty of studies that show how economically it benefits the country by having pensioners with a stable amount of money. The same should be said for the working population. That money is completely spent and recycled through the economy and all the benefits to businesses and the passive tax take that generates. The same goes for working people, moving from desperately poor (and most people in the uk have become poor over the decades even if they don’t label themselves as poor) to a more economically stable position has huge benefits to the economy as almost all their money is spent across the economy. All this is an incredibly efficient way of lifting the economy and stabilising everything. It encourages self-sufficiency and importantly generates huge tax income while reducing all the draw on benefits, credits and other expensive to administer systems. At the same time the government should be investing in assets (people, resources, infrastructure, assets) not shedding them. Building stability, multiple income streams, and ensuring the free market can operate genuinely efficiently rather than weighted to the few. No doubt people will resort to the ‘we cannot afford it’ doctrine and this is true today and to be clear, this isn’t a magic overnight change, but requires a long term vision and determination, changing the hearts on minds over decades. This requires grown up, long term, visionary leadership of the country which sadly we don’t have from any party. Contrary to the rhetoric, our politics are build around short term, reactive presentation politics for personal power and wealth gain of those in power. BTW, I am not a pensioner and I don’t think this should be tackled on its own, I see this as a wider issues across the UK economy and there must be measures lifting full time workers out of poverty into becoming economically active and having the means to save, spend and have a better quality of life. The balance between the very very rich and the rest has become so grotesque that the £ numbers are there if there was political will and genuine long term vision. But it is difficult to see as none of the political parties have the vision or political desire to address these, they are simply emergency reactive when it becomes too late.

@Lookup2Wakeup yes and then they fall into much more expensive benefits and state support while having a very poor quality of life.

​@Lookup2Wakeup or the future dead

Or ever again

It wouldn't do them any good to scrap the state pension unless they also scrap pension credit. All they'd be doing is transferring everyone from a contributions based benefit to a means-tested one and making an enemy of their richest voters. It would also incentivise not saving for a pension at all so they'd suddenly find the bottom falling out of the economy as 2/3 of workers stop investing for retirement.

Err Gordon brown: gold sell off, abolishment of final salary pensions?

​@@DanielHughesuktaxing the dividends in pension funds also meant a lot of investment was moved out of the value stocks in the FTSE100 and into growth stocks in America. Brown ruined any chance of the UK being prosperous ever again.

but i bet the incoming government of what ever colour wouldn't be in a rush to re-instate it in its current form tho

Look at all the other things we contribute to and don’t get.

Yeah time to live on benefits & get everything for free.

@@progressivebusiness4537 while I totally agree with the sentiment...it's a mandatory Ponzi scheme. Boomers are the real benefactors here, our parents are continuing to turn the screw on us!

​@@stuartregan1627Yeah good luck with that 🙄 One of the things that spurred me on to work so hard was the memory of how fucking brutal life was growing up in a household on benefits.

​@@Kj16Vexactly, I love how people think benefits = life of luxury and relaxing 😂

you appear everywhere

@@edfdfdf6483 He is putting in that work

Good luck with that.

Good luck and, more importantly, good health.

👹

SO true . If the Government means it nobody will work & save as there's no point.

Or arrive on a small boat with no pasport

Let the Government implement means testing & watch millions go on the sick with stress . If they work & save they get no pension . What a truely nutjob country this is becoming.

Are you lot AI? 😅 or can you think for yourselves at all?

Don't work = free everything DO Work = sorry you have too much money though working. No Winter fuel , no cost of living payment . & now no pension. The Government really don't want people working do they ?

A pleasant way to wind down. In my opinion, those who are retired and find it difficult to support themselves are the ones who were unable to save enough money when they were working. Numerous factors are determined by retirement decisions. My spouse and I both worked in the civil service for the same amount of years; I saved through my 401(k) and she through a wealth manager. Even when we retired, we were both still earning.

Unfortunately, not everyone has access to this kind of information. Really, I don't blame panicked folks. A major obstacle may be a lack of knowledge. All I have to do is invest through an advisor and I've been making over $800k without putting in much labor. Even in an unfavorable economic environment, savvy asset managers will always generate returns.

I've been putting off doing this for a while, even though I think I should. Since you appear to have everything figured out with the firm you work with, I wouldn't mind a recommendation, but I'm not really sure which firm to deal with because I think they're all the same.

I definitely share your sentiment about these firms. Finding financial advisors like *Layan Talia Chokr* who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

Layan gives off the impression of being a very powerful person in her field. I sought her up online and discovered her website, which I browsed and studied to find out more about her career history, qualifications, and educational background. She owes it to me to look out for my best interests. Thank you for sharing; I arranged a session with her and sent her an email stating my goals.

Then go somewhere else.

@@TheReferrer72 why we didn't ruin it

@@TheReferrer72why won’t you eat cake when there’s no bread😂😂😂

you are free to leave if you want tho

It’s easy to leave. It’s right to stand up and demand improvement.

It's a uniparty anyway. The suffrage was a distraction because after ww1 they needed to get people onside so they would fight in ww2. If voting meant anything we wouldnt be allowed to do it

No one is touching the pension 😂

They wouldn't tell you beforehand

@@santasmooth6804 Trouble is, once it has been done, I doubt if successive governments would bring it back as the money would already be reallocated (and likely wasted) elsewhere

The Conservatives would have done the same. It was inevitable.

The French live in the delusions that there country isn't slowly going bankrupt.

You can't have it both ways. The tax burden in this country may be higher than it has been for many years but it's still far below France, Italy etc. particularly for the wealthy. The countries with better pension provision. So its a choice of higher taxes or poorer services and lower benefits.

@@David-bi6lf not far lower and they get better pensions.

We have been doing alot of rioting lately , imagine the carnage of this Nutjob plan . Taking pensions of people because they have worked TOO MUCH . Starmer & Reeves = Dumb & Dumber for even considering such a bonkers idea .

​@@David-bi6lfthose countries don't promote private pensions and savings in the same way. Here the pension payout is lower but you get tax relief to incentivise you to save for your own retirement. That's with private pensions and ISAs

You’re not building a pension pot you’re paying for retired people now. It’s a Ponzi scheme

Me too. I've just paid nearly £2k to fill gaps in my NI record.

I can't see it happening any government means testing the OAP would be toast there would literally be civil disorder !

Come on guys! I'm slightly younger than yourselves but even I know the regime doesn't give two shiny shites about your work, life or who you are. They'll pay off the boomers before they leave this mortal coil, then have their fun making up numerous excuses as to why they can't pay Gen X and Millennials their pensions. And what's more, they'll happily clamp down on you with a giant boot.

Yeah now imagine being 23, don’t have a house, never will have a house, will rent and will always rent and will literally work until death.

An excellent point.

This

Fundamentally it's a demographic problem I can't see what any government can do

I am in it.

My state Pension is my only source of income, so you try living on £11K

@@iamrocketray I sympathise for you, but reality check; if you're on median income and pay rent, you're not left with much more than that haha (And you still have to somehow save for a home). If you're on minimum wage, you are left with much, much, much less than that. Ofcourse, if you have 11k and no home equity either then it is more difficult still.

@@iamrocketray You should be eligible for pension credit - talk to the CAB and check www.gov.uk/check-benefits-financial-support

Labour will not exist if they start robbing/taxing or axing state pensions.

@@CandyMan2001 I'll think about the holidays I didn't go on, the mobile phones and paid tv subscriptions I never had, the 2nd job I took to save for a deposit. I bought when avg house price was 3x average salaries. It's now 8.5x. But I started off paying 8% mortgage, paid 12% for a number of years and 15% briefly. I drove a 2nd hand Citroen 2CV6 that I paid £800 for, not a new car on lease. Could the younger generation cut their lifestyle and afford a house (I have 2 kids in there early 20's) ? It would help, probably wouldn't bridge the gap in all areas of the country, but it would in some. But back to that affordability point, supply needs to increase, successive governments need to stop inflating the demand side through incentive schemes and people need to spend less money on tat.

"Could the younger generation cut their lifestyle and afford a house" - not really no. TLDR: Home buying for the generations below us is fucked. Median Annual Salary Age 22-29, 2024 - £30,316 (Forbes) / £2064 per month after tax and auto-enrollment Median House Price as of Jan 2024 - £282,000 (gov.uk) Minimum deposit on Median House - 5% or £14,100 Average Rental Cost per month - £1,223 (Zoopla) Leaving £841 left from salary. Minus council tax, groceries, energy, internet, insurance there's not much is left to save for the deposit. But let's say they slog it and get together the deposit and house prices, somehow, haven't risen in the years it's taken, now comes the mortgage. Affordability criteria. The median salary doesn't pay for the median house. Rule of thumb - 4.5x salary = £136,442 (a delta of £145,58 so even a couple on the median won't afford the median home). But somehow they find a provider for their mortgage despite that, repayments on the median home at 5% deposit, 30 years, 5.25% interest is a monthly mortgage payment of £1,479.35. Leaving just £584 per month for the essentials.

You had cheap housing, jobs with minimal competition and lucrative pension schemes, both private and public, so why is your retirement dictated by the state pension.

@@A_View_From_The_Shire said it’s part of the planning calculations. I’m sure that’s not so complicated to understand.

Thank you!

@@pierrelarouge Not our fault Mate! the government of the day in 1948 promised that they would take care of us cradle to the grave! and they charged us accordingly. We just are holding them to their promise!!!!!! If they want to change the rules they have to wait until we are DEAD!

It's exactly the same for us 70s babies. 60s babies probably still upset they lost their lovely mortgage tax relief in the 90s.

They just want your money, no offence

You will own nothing and you will be happy. You will pay off a mortgage half your life, only to slowly give the equity back to the banks so that you've got something miniscule to live off.

Did you even watch the video?

@@petershaw6727 I did. Did u?

@@mrlover4310 so how are they sinking so low?

Yes there needs to be a limit (as there currently is)but actually we all need other people’s children- to be our healthcare workers, cleaners, refuse collectors, supermarket workers, farmers etc. you name it, we need a constant stream of new people to perform those tasks for us and if they’re not home grown we will have to import them from abroad.

The state pension age will rise to 70 minimum because we won't have enough working age people paying tax to cover the pensions. At some point if we can't get enough workers, pension will also be means tested. As people get older, health costs rise too. All this has to be covered by workers. There will also be more workers out of the workforce as they will be caring for the elderly. This demographic time bomb affects every developed country.

Actually the system needs to encourage/support those who have kids as too few people do. We are suffering a demographic time bomb (or more mass immigration) unless we get the birth rate up. Kids are so expensive to bring up and look after (often long after 18 these days) that many working people just can't afford them. The people who really don't need help are professional couples without kids.

rich people? those wont be a thing soon, theres only a 50% difference in earnings between the top 10% of pensioners and bottom 10% pensioners. every generation has less assets as they are spread among more people and inflation has stripped away the value of bank accounts. Agreed on the means testing, but for people in 20's and 30's its pretty evident that we wont get a retirement. the state pay will be too low, we are unlikely to afford the hospice care and rents and will have to spend our lives doing shop checkout jobs, non physical non intellectual jobs, to make ends meet. the system is going to break and i hope the oldies have families that can take them in. Family > government for care in old age.

Agree with pretty much everything you say, the economic situation with younger millennials and gen z is a paradigm shift in society, we are sleeping walking into the unknown There are always going to be rich people, the problem is the middle classes are getting wiped out and the rich are getting insanely wealthy, which is why I advocate for higher wealth targeted taxation and be willing to pay more myself if meant the country worked better (at all)

The simple way would be to TAX pensions according to how wealthy they are, so a £millionaire would be taxed 100% and old joe who has no other income would be zero taxed, the rest taxed accordingly!

@@iamrocketray The bureaucracy of means testing would eat up most of the savings!

@@DavidPaget-m3h Which is why they are using things like pension credits for eligibility for Winter fuel payments. The paperwork/bureaucracy has been done already. Its also another reason they want to bring in digital ID/Passports so they can bring in ALL information about you to one place and build it up year by year. Fortunately for us all, that will also be expensive to implement and is probably the reason we don't have it already, BUT it will come eventually.

Well, you can see how many NI years you have banked on your government portal.

Another thing to thank boomers for! They seem to have had life on easy mode lol

@@CandyKoRn Grow up!

@@mrmeldrew693 you sure can but that money was used to pay other people's pensions

Correct

That makes sense it won’t happen because it makes sense😂

I agree 100% Great Idea but unfortunately Government only do stupid ideas like taking pensions off people because they have worked too much .

LOL

@@michaelhutchinson2854 you did the right thing

There would be a pensioners revolution if they means test the pension! Bloody theft by the government!

I seriously doubt it will just disappear (certainly not for someone your age) but the rate at which it increases each year might change

You don't need to worry. It's people under 40 who need to be worried, especially those under 30. They're not changing anything for anyone past 50, it's rising to 68 for those under 47ish though.

Definitely. Time to swap the older voters for younger ones

@@arp_909 About 38% of the entire population is currently over 50. 21% are under 18. That leaves 41% who are 18-50. In the future, there will be more older voters not less. So the people most worried about pensions are almost half the people with the right to vote and are by far the most reliable voters, so are already majority in terms of actual voters. Reasonable changes to the state pension might get through - making it means tested won't.

Really? You think “no state pension for anyone with pension income over £250k/year or assets over £15m” would be an unpopular policy with the vast majority people? What I see is people love the idea of “others” / “the rich” paying more tax. Means testing could start out only impacting a few hundred people… then they will gradually bring the thresholds down, so only small number of voters get hit each time. They are crafty like that, but I’m still worried. IFS might be against it, but I can see it being done. They already started means testing the £400 winter fuel allowance. That’s effectively just an additional state pension, and now it’s means tested.

@@andymcnish These percentages are why the state pension will get increasingly less sustainable. A smaller population of workers paying more and more for a larger population of pensioners, it just doesn't work. Means testing need not impact the majority, but I do see the point that we have some pensioners with sufficient savings to pay for themselves, sitting in houses worth 7-figures that cost 5-figures when they bought them, getting supported by young people today (through tax) who earn a pittance and have no hope of ever dreaming of living in one of those same houses. It just doesn't seem right.

You can't live off your house you may have a house but not much income.

Why bother? Tie it to wage growth and be done with it, get everyone on the same page -> wage growth benefits all.

​@Michael-wn3rn you would need to make it proportional to working population size to make it sustainable. Contributions to it should be made proportional to projected working population for your retirement age.

I'd tie it to inflation. You need the money to buy things. If wage earners do better then good for them but it doesn't stop you buying what you need.

​@@Michael-wn3rnfixed percentage of GDP in the budget, whether or not that is up or down. Any other way is unsustainable

@@Jon-ov4nc I'd agree with this. As pensioners make up more of the population they get less each, and to get more they'd have to cut the NIMBY shit and let the country build and grow. GDP grows -> their pension grows.

I always get confused between the IFS and IEA who are right wing shills

This has nothing to do with the current government. Mainly from the crippling of the previous…

@@m4son5ee Yes, I understand that but Labour will ultimately pay the price . The CON servitives , have loaded the gun so to speak but it’s Labour who look like are going to fire it. You can’t get convicted for loading a gun but you can if you fire it, if you get my drift. Years and years of woeful Government have ruined our fine Country and now they want to rob people who have worked so very hard all their lives to put in place a nest egg for some sort of security in their old age. As I stated BIG MISTAKE!!

Yes I would prefer that that taking if off people.

I would be in favour of that IF our state Pension was set at minimum wage, but its not, at present its approx £11K, Could you live on that?

@@iamrocketray people earning minimum wage have to pay council tax and rent. Pensioners get credit and housing benefit for these.

@@AgileSnowWeasel Only those on Pension Credits or those who have been means tested and found to be below a certain threshold!

This was my take on it 40 years ago lol. And still is. Not up to us though unfortunately.

Hope you're earning some serious money when you hit retirement then given that's where 50% of the NHS budget goes. Guess you'll enjoy forking out 15000 for a new hip?

@FlyingFun. Unfortunately not.

That’s how tax work though, your money goes onto things that you don’t use Take education for example, why should I pay for it if I don’t have kids myself? Well I should because I’d rather live in a country where people are educated than somewhere full of ignorant people

@JoeHardacre By the way my father is 72. He's worked since the age of 16. He's needed a new knee for the last 3 years and still no sign of an operation and he's in some real pain so yes, fuck the NHS in my retirement.

Might as well face it. We've been effed.

@@mightymike2192effed by decades of increasing national debt. it was never sustainable, but successive governments keep kicking the can down the road. at least Labour are trying to deal with issues

@glennthompson1971 don't give them too much credit..they could have sorted it last time. If not, why didn't they? I'm politically agnostic.

Exactly & this is the reason means testing is complete madness . People that don't work get it & people that work TOO hard don't get it. Have a wild guess what's going to happen if this insane policy is introduced ?

Because the world has changed. It ain't changing back. Our parents grew up in a world where Western nations, even after the second WW, were light-years ahead of the rest of the world technologically whilst also benefitting from a post-war demographic pyramid that was hugely advantageous to the boomer generation. This resulted in huge economic and productivity gains, coupled with technological and medical advancements. They also benefitted from a much larger share of world GDP relative to population. The equation has completely changed over the last 30 - 40 years.

Thank you so much! Lovely feedback and great to be compared to such big organisations

Private pension contributions are not taxed, state pension is someone else's money.

@@JevansUK yes thats the problem poor remain poor when paying into ns when others are not and benefitting from the payer

Invest in a SIPP and get tax relief. Easy.

It's true what they say, there's only two certainties in life, DEATH AND TAXES.

This.

Two cheeks of the same arse. Same corporations backing them, same old corrupt scum pulling their strings. When will people ever learn?

@@philipcrossley1279 Maybe, but the higher echelons of society carry enough influence and resource to avoid taxes and the poorest have nothing to give. It's a fact that the middle classes pay more tax as a percentage.

@@travellingtom6091 Yes, so tax avoidance by the rich has to be dealt with. Thousands of people in the civil service are hired to claw back tiny overpayments, mistakes, and those few committing fraud, very few are hired to look into those avoiding millions.

Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?

I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields

Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.

Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.

He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment

I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?

I started working with devion back in February, and my financial goals have been clearer. It's like having a strategic partner for my money with a solid track record.

She is really a good investment advisor. I was privileged to attend some of her seminars. That is how i started my crypto investment

I've seen different people talking about this alice devion she must be very amazing for people to talk this good about her.

I'm new at this, please how can I reach her?"

Lloyd-George, as Chancellor under the Liberal government in 1909, was the original creator of the UK State Pension.

I believe the recent fall is mostly link to Covid and that next batch of data will show it rising again. With new treatments for obesity, ones that actually work, I expect we will see over the next 20 years a real rise in life expectancy.

Life expectancy needs to fall, desparately

The scheme was set up when life expectancy was ~70. retirement at 65 so they got 5 years of pension on average (women didn't work so 10 years of pension per person to be paid.) Now people retirement starts at 68 but life expectancy is 80. (thus 12 years of pension). the costs to NHS for the 10 years 70-80 is astronomical compared to 60-70. The average length on pension has increased, the costs of old age health has increased, the number of children to fund the pension has decreased. the maths doesn't stack.

That's because there were fewer of them, therefore more affordable. Just look at Japan to get an idea of where the UK is headed.

@@leematthews6812 That isn’t why. We didn’t complain because looking after our elderly is a benchmark of a civil society. It’s still one of the lowest in Europe and we can still find money for Ukraine, for overseas aid, for overseas climate, for a 25% pay rise for junior doctors, for hotels and benefits for people who have never lived here or paid in. We should increase NHS payments rather than reduce them, it’s only a few pounds overall but billions as a collective fund.

@@stuartregan1627 they are unaffordable, which is why they've gone through significant overhauls multiple times in the past decades. The NHS pension has changed 3 times since 1995 and the current scheme isn't even half what the old one used to be. Private pensions from that time are also incredibly generous - when I worked at Zurich every week someone was retiring on a full salary pension at 60, after about 20 years service. Safe to say my scheme wasn't close to that.

Has anyone ever spotted an MP queueing outside a foodbank or soup kitchen!

​@@JoeHardacre Defined benefits pensions dont happen in any other industry. Do Public pensions retirees still get 3 x salary at retirement along with a index linked gold plated pension ?

@@stuartregan1627 NHS workers certainly don't, no idea about others as I don't work in those areas

Yeah . People will just stop working if you get screwed over for doing so.

And they move abroad 👏

Good luck with that they would just up sticks.

Cant move your assets abroad, like house, warehouses football clubs where they get there income from 🙈

@@LonglongMan-pp7uq But if they are not paying their share of tax..bye!

@@graham1706foreign company owns the club. Taxes not paid here. Or they take out a huge loan on the UK company, that loan goes abroad into their coffers and the UK company never makes a profit.

Why do you think Labour want 16 year olds to have the vote. There’s some research on the number of Labour voters that say Labour voters once they’ve won the lottery. It’s something like 100% stop voting Labour.

Don't most lottery winners eventually go broke tho?

20 years older than you and always thought the same. generation above me were last to really get pensions

Superannuation contributions are taxed at 15%. Most people sit in the 30%ish bracket so you save immediately

@DavidUKesb And laws are made and unmade by Governments who will have no qualms about changing the law to enable them to get rid of the State Pension. 🤔

I decided some years back that I wouldnt bother doing that

Because if you don't have defence then everything becomes inconsequential. You know it will be more expensive in the long run if Ukraine falls? You do know that right?

You know why . Billions of pounds to be made out of arms sales .

You are welcome