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 Post subject: now I know I am old!
PostPosted: Fri Aug 30, 2024 1:34 pm 
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Posts: 19813
I got a letter today from the department for work and pensions inviting me to apply for my old age pension.


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 Post subject: Re: now I know I am old!
PostPosted: Fri Aug 30, 2024 7:35 pm 
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Location: 1066 Country
grandad wrote:
I got a letter today from the department for work and pensions inviting me to apply for my old age pension.

Surprised 2 tier Kier hasn't made that means-tested yet. [-(

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 Post subject: Re: now I know I am old!
PostPosted: Fri Aug 30, 2024 8:01 pm 
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Sussex wrote:
grandad wrote:
I got a letter today from the department for work and pensions inviting me to apply for my old age pension.

Surprised 2 tier Kier hasn't made that means-tested yet. [-(

We have got the budget between now and me getting my pension so anything is possible.


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 Post subject: Re: now I know I am old!
PostPosted: Sat Aug 31, 2024 6:09 pm 
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Location: Stamford Britains prettiest town till SKDC ruined it
Starmer can FO if he thinks he can do that we all have paid into the system so we should be entitled to get our pensions

he can tax us on them but it would be a huge change to take away that guaranteed right to a pension.

That said I think starmer has a pathological hatred of pensioners because he seems to think they are the only people who should pay tax :sad:

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 Post subject: Re: now I know I am old!
PostPosted: Thu Sep 05, 2024 12:36 pm 
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had mine 2 years ago, paid every 4 weeks so in 1 month of each year theres TWO payments...

bet Starmer will scotch that


I think HMRC/HMG should let over women over 60 take the state pension at a discounted rate, 5% less per every year early, women raise families, keep the house, feed everyone and still work

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 Post subject: Re: now I know I am old!
PostPosted: Thu Sep 05, 2024 5:22 pm 
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Posts: 19813
wannabeeahack wrote:
had mine 2 years ago, paid every 4 weeks so in 1 month of each year theres TWO payments...

bet Starmer will scotch that


I think HMRC/HMG should let over women over 60 take the state pension at a discounted rate, 5% less per every year early, women raise families, keep the house, feed everyone and still work
I got the letter today telling me how much I will get. One of the first thing it said was that I may not get as much as I expected because I was contracted out for several years. I have already had all of that money and used it to buy a flat as an investment.
So I was expecting my pension to be reduced but apparently not. I will get the full pension so happy days.


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 Post subject: Re: now I know I am old!
PostPosted: Thu Sep 05, 2024 10:14 pm 
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Posts: 24181
Location: Twixt Heaven and Hell, but nearest Hell
grandad wrote:
wannabeeahack wrote:
had mine 2 years ago, paid every 4 weeks so in 1 month of each year theres TWO payments...

bet Starmer will scotch that


I think HMRC/HMG should let over women over 60 take the state pension at a discounted rate, 5% less per every year early, women raise families, keep the house, feed everyone and still work
I got the letter today telling me how much I will get. One of the first thing it said was that I may not get as much as I expected because I was contracted out for several years. I have already had all of that money and used it to buy a flat as an investment.
So I was expecting my pension to be reduced but apparently not. I will get the full pension so happy days.


your income from the flat will be taxed at 20% or 40%

your kids will pay inheritance tax on it when you peg itor it will have to be sold to pay for your care home

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Of all the things ive lost, i miss my mind the most


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 Post subject: Re: now I know I am old!
PostPosted: Fri Sep 06, 2024 7:07 am 
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Joined: Tue Apr 03, 2007 11:27 pm
Posts: 19813
wannabeeahack wrote:
grandad wrote:
wannabeeahack wrote:
had mine 2 years ago, paid every 4 weeks so in 1 month of each year theres TWO payments...

bet Starmer will scotch that


I think HMRC/HMG should let over women over 60 take the state pension at a discounted rate, 5% less per every year early, women raise families, keep the house, feed everyone and still work
I got the letter today telling me how much I will get. One of the first thing it said was that I may not get as much as I expected because I was contracted out for several years. I have already had all of that money and used it to buy a flat as an investment.
So I was expecting my pension to be reduced but apparently not. I will get the full pension so happy days.


your income from the flat will be taxed at 20% or 40%

your kids will pay inheritance tax on it when you peg itor it will have to be sold to pay for your care home
How much rent do you think that I get from the flat? it will only be at 20% But the income from the flat after tax will still exceed what I would get from the capital if I used it to buy an annuity. As for inheritance tax, Well if i didn't have the flat then they would not have it to sell so even after inheritance tax they will get more than they otherwise would have got.


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