The triple lock has become a political gimmick rather than proper pension protection 🖋️ Baroness Ros Altmann for ipaperviews
Calls to increase state pension age or extend means-testing so that “wealthy” pensioners get nothing, may have a superficial short-term appeal. However, they would up-end the whole edifice and risk plunging more older people with poor health and low incomes, into penury. Indeed, as the state pension age rose to 66, poverty amongMass means testing is no solution either.
Of course searching for cost-cutting with a massive fiscal deficit is sensible. But better ways of reducing pensioner spending are available, without attacking the core element of the welfare state contract. Rather than cutting the already very low state pension, or making everyone wait longer to receive anything, the government could increase the number of yearsfor a full pension from the currently-required 35 – which is nowhere near a full working life. Those who started work at 16, could have a full record at 51, or at just 56 if starting at 21. Requiring 45 years seems a fairer way to control costs.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Red Lines: Kate Hoey - from international Marxist to Brexiteer.CatharineHoey tells MarkCarruthers7 she has stayed consistent in her values while others have shifted in theirs BBCRedLines
Læs mere »
Older people living on their own could be due £3,500 income top-up this yearPension Credit can also unlock additional financial support for housing costs, Council Tax and heating bills.
Læs mere »
People of State Pension age could pay less tax by creating retirement havenIncreasing numbers of higher-earning workers in the UK are becoming used to more tax at higher marginal tax rates
Læs mere »
Bella Hadid would like the rehab rumours to stop, please“Can we all drop it now?” 🤷♀️
Læs mere »
iPhone 15 release date narrowed to exact day by senior Apple analystBloomberg's resident Apple expert makes his guess
Læs mere »
Benefits taken away to pay for utilities without consentThe government is still deducting money from Universal Credit claimants to clear unpaid utility bills.
Læs mere »