Pampam Posted June 3, 2013 Share Posted June 3, 2013 I knew I had to work until I was 65 I was told that two or three years ago , but have just received notification I've got to carry on till I am 66 . I find it amazing that I would have then had a working life of fifty years , I have a friend whose only four years older than I am and she can retire at 62 . My other friends who were a bit older have finished at 60 , I'm 57 by the way and female ,basically nobody gives a rats ass that I have to slog on for another extra 6 years compared to my slightly more mature pals , so how much are the govt depriving me of at six years of full pension??? Avery pis...ed off pp Link to comment Share on other sites More sharing options...
postnote Posted June 3, 2013 Share Posted June 3, 2013 Pampam - 2013-06-03 2:54 PM I knew I had to work until I was 65 I was told that two or three years ago , but have just received notification I've got to carry on till I am 66 . I find it amazing that I would have then had a working life of fifty years , I have a friend whose only four years older than I am and she can retire at 62 . My other friends who were a bit older have finished at 60 , I'm 57 by the way and female ,basically nobody gives a rats ass that I have to slog on for another extra 6 years compared to my slightly more mature pals , so how much are the govt depriving me of at six years of full pension??? Avery pis...ed off ppWell that’s your fault, you should have either been an illegal immigrant or become a professional benefits claimant. It was your choice to work, now live with the consequences.. *-) Link to comment Share on other sites More sharing options...
Tracker Posted June 3, 2013 Share Posted June 3, 2013 Not good news Pam - sorry. You may already have good pension advice but at the very minimum do make sure that asap you get a state pension forecast from the DWP and also forecasts from any occupational or personal pension you may be in or may have been in over the years. Not only will that give you an idea of what to expect but also time to sort out any discrepancies there may be - shouldn't be - but sometimes are - or indeed add to the funds if you feel so inclined! Link to comment Share on other sites More sharing options...
Brian Kirby Posted June 3, 2013 Share Posted June 3, 2013 I assume you may have the choice of retiring earlier and taking a reduced pension? Have you a forecast of the effect that would actually have on your monthly income? Could you make enhanced contributions to gain back some of what you might loose? Can you save elsewhere, via ISAs for example, to gain enhanced income other than through your pension? Can you move house to release equity, and invest that for income? Does your pension include a lump sum? If so, can you forgo all/part of that in favour of a larger pension? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted June 3, 2013 Share Posted June 3, 2013 I'm in the same boat........but its only another year for me............but I still intend retiring as soon as our house is sold............fortunately being a toy boy I can sponge off Sue's pension for the next 11 years :D Link to comment Share on other sites More sharing options...
Pampam Posted June 3, 2013 Author Share Posted June 3, 2013 Sorry to rant but its my state pension ,what I feel like I've paid in to the pot ,and the govt are hanging onto it hoping ill shuffle off this mortal coil before I can claim it , so if its for example £7.000 pa I'm losing £42.000 which is a pretty nice van: I'm really spitting I've just got used to doing extra 5 years and today I got letter saying its an extra 6 Grrr. Downsizing isn't an option as my mums poorly and lives next door and I know I am a lucky person I have a job and a house etc BUT I feel that as a working class middle aged female am an easy pushover for central govt ,a voiceless ,impotent silent minority whereas I want to ROAR. Am off to buck house garden party in three weeks I might ask hrh Madge what it's like to be working in her 80's lol Link to comment Share on other sites More sharing options...
colin Posted June 3, 2013 Share Posted June 3, 2013 Yes at last the Government is bringing a bit of equality to pensions, no longer are women able to scrounge off the state at 60 >:-) BTW your the same age as me, whilst I'll probably continue working, at least part time, there is no reason for me to have a fixed retirement age of 66, my father worked until he was 67 and my mother worked until she was 70. Link to comment Share on other sites More sharing options...
Pampam Posted June 3, 2013 Author Share Posted June 3, 2013 Except I wouldn't be scrounging off the state I would be claiming the "pension" that I have paid into wouldn't I? And yes I don't mind working until I'm 70 but I want the monies that are owed to me that i started paying in when I was 16 does that mean your mother and father didn't pay their national insurance hence no pension ? Or are we going back so long ago it was per war and didn't exist? Pp Link to comment Share on other sites More sharing options...
malc d Posted June 3, 2013 Share Posted June 3, 2013 Pampam - 2013-06-03 9:58 PM Except I wouldn't be scrounging off the state I would be claiming the "pension" that I have paid into wouldn't I? And yes I don't mind working until I'm 70 but I want the monies that are owed to me that i started paying in when I was 16 does that mean your mother and father didn't pay their national insurance hence no pension ? Or are we going back so long ago it was per war and didn't exist? Pp I can assure you it's not personal ! It's what is known as being born at the wrong time.- ( but at least in the right place ). I lost two years pay when I was conscripted - and a few months after I left the forces, conscription ended and everyone was sent home. Financially a dead loss - but at least I had a good time. :-D Link to comment Share on other sites More sharing options...
Pampam Posted June 3, 2013 Author Share Posted June 3, 2013 You can't do that much work you've got four thousand seven hundred posts lol Link to comment Share on other sites More sharing options...
malc d Posted June 3, 2013 Share Posted June 3, 2013 Pampam - 2013-06-03 10:06 PM You can't do that much work you've got four thousand seven hundred posts lol I don't do any these days. :-D Link to comment Share on other sites More sharing options...
Pampam Posted June 3, 2013 Author Share Posted June 3, 2013 Re Malcd where were you conscripted and did you enjoy it? And yes I know I'm lucky I just thought I'd mention having to work till am 66,and see how many huffer puffers I can reel in on the "you women wanted equality" and "eeeh when I were a lad tha ad ta werk till tha wer ninety " scenario and it seems I've caught one already : Lol pp (not you) Link to comment Share on other sites More sharing options...
colin Posted June 3, 2013 Share Posted June 3, 2013 Pampam - 2013-06-03 10:19 PM Re Malcd where were you conscripted and did you enjoy it? And yes I know I'm lucky I just thought I'd mention having to work till am 66,and see how many huffer puffers I can reel in on the "you women wanted equality" and "eeeh when I were a lad tha ad ta werk till tha wer ninety " scenario and it seems I've caught one already : Lol pp (not you) You don't understand smillies then ;-) Link to comment Share on other sites More sharing options...
Pampam Posted June 3, 2013 Author Share Posted June 3, 2013 Colin. No I don't really understand the little faces (my eye sights not too good ) I noticed malc d has a smiling one on his and yours has a devilish type face now I look closely :is this how you explain the tone of your voice would be if you were talking eg smiley face means laughter in voice and devilish face means something darker perhaps more sinister (she says with sarcastic humour in voice cos she doesn't know how to stick little faces in transcript) pp Link to comment Share on other sites More sharing options...
Brian Kirby Posted June 4, 2013 Share Posted June 4, 2013 Pampam - 2013-06-03 9:58 PM.............. I would be claiming the "pension" that I have paid into wouldn't I? .................. Popular misconception no 894! :-) You haven't been paying into your pension, you have been paying (more or less, but actually less) for the pensions of everyone who was retired while you were working. Except, now it is nearing your turn, there aren't enough people working to meet the pension cost of all those now retired, and about to retire. It is the retirement of the "bulge" generation that is causing the problem. It is a puzzle that has only recently dawned on our lords and masters that people born 60+ years ago actually exist, and that they are now 60+ and want to draw their pensions. Plus of course, we are additionally inconsiderate as we live longer, on average, than our parents, so needing our pensions for longer, and did not breed as enthusiastically as our parents, so have not provided an adequate workforce to pay for our pensions now we want them. (Plus a little local banking difficulty that additionally upset everyone's apple cart!) This could have been sorted out as soon as the post war bulge was identified, and then adjusted as it became clear we a) were living longer and b) were not having as many children, but it wasn't. That, of course, would have required a hike in NI contributions, or tax, and that would have been electorally inconvenient. So, it was left to fester until it became critical, which it now is. It was politics that led to the pension being introduced in that way originally, instead of being funded from an accumulating pot, because it was reasoned that those who had endured the war, and were about to retire, having made no contributions, would have no pension, and no-one would have been able to draw a fully funded pension until around 1986. So, it was paid immediately out of the new NI contributions. Whether that was wiser, fairer, or better than the alternative is a matter for debate. However, if you can imagine the scandals that would probbaly have arisen if the contributions had been taken and invested to fund future pensions, with various governments being tempted to periodically raid what would have become a huge national pot, my take is that paying the state pension out of current income was probably not such a bad idea. It's just such a shame for folk like you that the inevitable, 60 year reckoning, has come now. Blame politics, and the fickle nature of an electorate that only wants to elect governments that tell them good news, when they should be told the disagreeable truth. Link to comment Share on other sites More sharing options...
nightrider Posted June 4, 2013 Share Posted June 4, 2013 colin - 2013-06-03 9:27 PM Yes at last the Government is bringing a bit of equality to pensions, no longer are women able to scrounge off the state at 60 >:-) BTW your the same age as me, whilst I'll probably continue working, at least part time, there is no reason for me to have a fixed retirement age of 66, my father worked until he was 67 and my mother worked until she was 70. A rather nasty comment to make Colin? Link to comment Share on other sites More sharing options...
postnote Posted June 4, 2013 Share Posted June 4, 2013 knight of the road - 2013-06-04 3:44 AM colin - 2013-06-03 9:27 PM Yes at last the Government is bringing a bit of equality to pensions, no longer are women able to scrounge off the state at 60 >:-) BTW your the same age as me, whilst I'll probably continue working, at least part time, there is no reason for me to have a fixed retirement age of 66, my father worked until he was 67 and my mother worked until she was 70. A rather nasty comment to make Colin?All part of free speech. Pity that when the women got the vote their retirement wasn't made the same as men! Or longer, after all a majority of women never work as hard as a man. (lol) Link to comment Share on other sites More sharing options...
nightrider Posted June 4, 2013 Share Posted June 4, 2013 I beg to differ Colin, when a man retires he generally sits on his backside becoming a couch potato, not so with women its work as usual and I for one will admit that I couldn't do the work that my wife does in running our house, shopping etc etc. Link to comment Share on other sites More sharing options...
malc d Posted June 4, 2013 Share Posted June 4, 2013 Pampam - 2013-06-03 10:19 PM Re Malcd where were you conscripted and did you enjoy it? And yes I know I'm lucky I just thought I'd mention having to work till am 66,and see how many huffer puffers I can reel in on the "you women wanted equality" and "eeeh when I were a lad tha ad ta werk till tha wer ninety " scenario and it seems I've caught one already : Lol pp (not you) " eeeh when I were a lad aeroplanes were dropping bombs on me, and my house was damaged by a near miss V2 rocket - and everything were rationed " ( I put that down to being born at the wrong time as well ). :-D Link to comment Share on other sites More sharing options...
derek pringle Posted June 4, 2013 Share Posted June 4, 2013 Hi pampam, I am really sorry to hear your bad news. Probably only someone affected in the same way can know how deep you feel about this. I do suspect the vast majority of posters on here are either not affected or not going to be affected. I feel that you have every right to be angry as the goalpost has been moved on you twice in a very short time. The gov't does not give a toss about your position and as you indicate there are probably a lot of people more disadvantaged than you, pity you cant charge £1000/ day for asking a question now and then- you would not need your state pension hey. Having worked for 36 yrs in the same company and paid the 40% tax for a long time, I find that I am in the no-mans land between the new higher state pension and the old rate when I receive my pension 2014. Like you having paid in means jacks**t to most except those affected. Go and win the lottery pampam and put two fingers up to the world cheers derek Link to comment Share on other sites More sharing options...
Syd Posted June 4, 2013 Share Posted June 4, 2013 Retirement has been the downfall of many a man/woman I have lost count of the number of people that I have known to retire and to have died shortly afterwards, quiet why this is so I do not know but it happens. We must remember that going to work is a huge part of our social life also, we have friends there that we do not meet outside of our workplaces so not going to work means a big chunk of our lives, which we actually enjoy, has disappeared and we will miss it. Retirement has to be carefully planned to be a success Link to comment Share on other sites More sharing options...
colin Posted June 4, 2013 Share Posted June 4, 2013 knight of the road - 2013-06-04 7:47 AM I beg to differ Colin, when a man retires he generally sits on his backside becoming a couch potato, not so with women its work as usual and I for one will admit that I couldn't do the work that my wife does in running our house, shopping etc etc. Are you getting confused as to who you are answweing? Anyway getting back to your first reply, no not nasty, it contains a smiling devil , but also the thread is a typical windup from our resident troll. Link to comment Share on other sites More sharing options...
postnote Posted June 4, 2013 Share Posted June 4, 2013 Why all the winging, you chose to go out and work. Ya makes ya bed and ya sleep in it. Link to comment Share on other sites More sharing options...
Tracker Posted June 4, 2013 Share Posted June 4, 2013 postnote - 2013-06-04 11:31 AM Why all the winging, you chose to go out and work. Ya makes ya bed and ya sleep in it. Do you really think that is a helpful, constructive or even humorous reply? This forum was better whilst you were asleep under your stone - so please make everyone else happy and return to hibernation. Link to comment Share on other sites More sharing options...
Brian Kirby Posted June 4, 2013 Share Posted June 4, 2013 Tracker - 2013-06-04 12:55 PM postnote - 2013-06-04 11:31 AM Why all the winging, you chose to go out and work. Ya makes ya bed and ya sleep in it. Do you really think that is a helpful, constructive or even humorous reply? This forum was better whilst you were asleep under your stone - so please make everyone else happy and return to hibernation. Error on line 1, word 4, Rich! Link to comment Share on other sites More sharing options...
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