State Pension rise.

If you pay tax on a private pension you will taxed on the pension rise. So don’t get too excited!

Their are millions of families who would be delighted to be earning between £33 and £35k.
These figures mean some are earning very good salaries if that is the average.
Not disparaging nurses, just pointing out that fact.
As I said on another thread, some deserve it and some don’t.
Again, just pointing out a fact, as anyone using the NHS knows.

pippaZ I’m not angry, just telling it how it is.

Monica According to this nurses’ website, the average nurse earns between £33K and £35K per annum.
So an additional 1% would be an extra £330 per annum.
That’s £6.34 per week.

The article also explains that NHS nurses’ pay is increased incrementally each year within their band, in addition to a percentage increase awarded by the Review Body.
www.nurses.co.uk/nursing/blog/a-quick-overview-of-nurses--salaries-in-the-uk-in-2021/#banding

The starting salary for a nurse in the NHS is £24900, according to the same website.

I think the nurses have been offered £3 a week, not a month. If a 1% rise was equated with £3, there current monthly salary would be £300, annual salary £3,600.

Nurse's pay may be low, but not that low.

Elusivebutterfly I knew nothing about the 2 tier pension. I would have like to have been told that if I worked another year my pension would be £2.5k more. But then I never had a letter about changes to SPA either, I just heard rumours in 90s and had no clue about Osborne's stitch-up.
As a single mum and unofficial carer, all these bits would make a difference to me now.
Having said that, there are women whose lives have been destroyed by these changes, health, loss of home - nightmare

Chardy - I am in the same position. There are a lot of us but we are another chunk of people forgotten about.

They still get the increases in Europe.
Not Australia I know, there are probably loads of others too.

So do I. I really think we have a pretty poor state pension system but that doesn't stop it being what it is at the moment.

First step is to understand, second is to fight for change.

I just feel a bit sorry for the pensioners that have decided to move overseas for their retirement and have their pension frozen to the same rate it was when they left the country.

Chardy

*PippaZ*Retiring at 62, I lost 2.5yrs of state pension (£16k) and paid 2.5yrs of extra NI, but am on the old pension which is £50 a week less. I retired Jan 2015. The new pension came in April 2016, so there are plenty like me.
If this started in 2010, there will be over 5 years of women who lost money but still don't get the new State Pension

It simply isn't like that. The conditions of your pension changed. We just don't get back what we put in. We may get more, we may get less but that is true of all pensions.

A bit rotten for you to have to retire later and then not get the new pension but you may, I'm sure we all hope you do, live to far exceed this mythical amount you feel is due to you.

If we cut the foreign aid budget we could give a substantial rise to nurses and help British OAP's.

Blossoming It's not really in exchange for all you have done for them -more like the batton being handed on as we paid our parents pensions.

Oops I have read on to the angry bit. Your choice, I was only telling it how it is.

My state pension rise is a big fat 0%

As a waspi I have lost £48,000+

My NHS pension increases every year so why not allow the nurses an increase too ?

Are National Insurance contributions or their equivalent higher in other countries than in the UK?

PippaZRetiring at 62, I lost 2.5yrs of state pension (£16k) and paid 2.5yrs of extra NI, but am on the old pension which is £50 a week less. I retired Jan 2015. The new pension came in April 2016, so there are plenty like me.
If this started in 2010, there will be over 5 years of women who lost money but still don't get the new State Pension

The next generation paying for my pension seems like a fair exchange for me paying for their schooling, healthcare and other services. I have been a higher rate tax payer for many years and I’m still paying tax now on my occupational pension and investment earnings. I don’t begrudge that and I most certainly didn’t begrudge paying for the previous generation’s pension, welfare benefits, etc. etc. I don’t need lectures on how much I’m costing.

Urmstongran

^The extra years you have worked are paying for your higher pension. It seems some want it both ways^

Nope.
I think most of us on the higher rate each month just hope we live long enough to make up that overall short term theft! I think I’d have to live to be 82y to balance out even what the giver swiped from me. So no, I’m not grateful. I’m still bluddy annoyed to be honest.

I'm sorry but we see it differently, Urmstongran. I would add in the fact that the next generation pay all our pensions - not us.

PippaZ I'm not sure if I've got the wrong end of the stick, so please do correct me if I'm wrong.
Retiring at 62, I lost 2.5yrs of state pension (£16k) and paid 2.5yrs of extra NI, but am on the old pension which is £50 a week less. I retired Jan 2015. The new pension came in April 2016, so there are plenty like me.

I don't have a higher pension. I saved up myself for my old age. I've paid all my taxes and national insurance and don't expect anything in the way of tax credits or rates relief etc. I've paid my way all my life.
Many of us think like this. You can't take human nature out of this equation!

The extra years you have worked are paying for your higher pension. It seems some want it both ways

Nope.
I think most of us on the higher rate each month just hope we live long enough to make up that overall short term theft! I think I’d have to live to be 82y to balance out even what the giver swiped from me. So no, I’m not grateful. I’m still bluddy annoyed to be honest.

Aveline

I feel that all the figures generated to highlight the benefits of universal basic income don't take human nature into consideration. Those who have carefully scrimped and saved so they might have enough in their old age would undoubtedly resent that their efforts have been futile. I'm sure I'll be shouted at for daring to say that though.
I'm a WASPI too and only got my pension last year. Luckily I'd literally gone without to contribute to another person scheme which helped during my 6 year wait.

It is a mistake to think you have paid for your pension Aveline - one that has been discussed on here frequently so I won't do it again. I am sorry there are still people who believe that only good, hardworking people do well in life and those who don't are wastrel good-for-nothings of the first order. Thankfully most people's experience of life helps them to know this is not so.

The extra years you have worked are paying for your higher pension. It seems some want it both ways. I do sympathise with those who did not know it would happen but it was an actuarial calculation. The problem seems to have been with the communication.

Perhaps you should have been given the choice to retire early on the lower pension or later on the higher one but I think that might have been chaotic.

Peasblossom

I think you always have interesting economic ideas PippaZ.
I had no interest in economic theory till I started reading some of your posts on Gransnet and now, what with looking for lockdown stimulus ?, I find I am quite interested.

My problem is because your posts are quite succinct I don’t always understand what you are saying eg the bit about no personal tax allowance for pensioners.

Politely put Peasblossom - succinct . It's the sin of thinking everyone knows what I'm talking about, I'm afraid. If a whole country went over to Basic Income the government could decide it would replace the Personal Tax allowance for all.

I was suggesting that the Pension is a good place to start with a "Basic Pension Income". Forms of Basic Income can be tax-free with only additional income being taxed. It's just a suggestion that the personal tax allowance should go because not everyone would be getting the basic income.

None of the ideas I suggest is original but different methods have been tried in different places. We did have more "universal" benefits at one time. Many of us will have grown up under the Family Allowances Act 1945 which was a form of Universal Child Benefit. Now the word is misused by this government as "Universal Credit" which is not universal and, in many other ways is about as far away from a UBI (Universal Basic Income) as you can get.

If you scroll down this page you can see where forms of UBI have been tried. www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map

I feel that all the figures generated to highlight the benefits of universal basic income don't take human nature into consideration. Those who have carefully scrimped and saved so they might have enough in their old age would undoubtedly resent that their efforts have been futile. I'm sure I'll be shouted at for daring to say that though.
I'm a WASPI too and only got my pension last year. Luckily I'd literally gone without to contribute to another person scheme which helped during my 6 year wait.