@hewantswealth@AngelaMagny Even if it did change which is pure speculation the sums don’t add up given the compound growth. You’re making poor financial decisions
@AngelaMagny@hewantswealth Even if you draw down at 40%, £10k compounding for 30 years beats £6k compounding. Plus, you still get £268k completely tax-free upfront via the lump sum allowance.
More diamonds in the SIPP
@naked_auditor@Benjibontheta Public sector workers trade lower base salaries for pension security. Cut the pension to private sector minimums and you’ll have to raise wages to stop every doctor, teacher, and police officer quitting tomorrow. Also, final salary schemes were scrapped 10 years ago.
@NeilClark66 NI isn't saved in a personal vault, it pays current retirees immediately.
The NIF surplus is just an operational buffer (covers ~8 months of payouts).
Demographic aging makes compound Triple Lock growth unsustainable long-term.
@Mikey1732 So that I have social care and won’t lose my home, so that my grand children are not paying more for my state pension. Because I understand it’s not sustainable and people need to pay into a private pension and take responsibility
@KerryKxo@jonesygunner This is the point everyone is saying stop the boats. Numbers are down massively by the way and return up.
Theres no quick fix , Tories left us in a mess with hotels and not processing asylum claims.
Also it’s such a small impact on our lives relative to what’s happening
@JethrosMate1999 We should start forcing people to be more responsible like in other countries.
Retain a pension credit but no issue with winding down state pension.