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I am incandescent with excitement!!!!!

(72 Posts)
M0nica Fri 11-Aug-23 10:41:20

I hve just had a letter from the Pensions Agency to say that from next week, when I am 80, I will be getting an extra 25p pension a week.

What on earth am I to spend all this largesse on? Should I while away an afternoon looking round a supermarket deciding what to spend it on. Perhaps save it up for a year and treat DH amd I to fish and chips -

Although he will be getting his extra 25p a week in a months time. Then we really will be in clover. Las Vegas, perhaps npt, , Blackpool, no, I think we might just get some bus passes and go to a games alley in a nearby town and once every 4 weeks we could have one go each on a slot machine (I assume they run on £1 coins). You never we may get really lucky and win a fiver.

nanna8 Sun 13-Aug-23 07:10:44

Now don’t you lot all run off on a holiday to Queensland, as they say here! Your lot sound about as ‘generous’ as our lot. Mind you, they pay themselves extremely well. 🤪

Aveline Sun 13-Aug-23 06:56:06

Blimey. Somehow pensioners make ends meet on £8000 yet people on massively greater salaries are striking for more. Well done us pensioners.

M0nica Sat 12-Aug-23 21:14:46

The current standard state pension is £8,122 a year. The tax free allowance is £12, 570 a year. So it already exceeds the state pension, so what you would like to see Susie42, is already with us.

Susie42 Sat 12-Aug-23 13:00:34

My tax code was changed so my income has not increased by 25p.p.w. I too think the £10 Christmas payment should be abolished or only paid to those on Pension Credit.

I have a very small occupational pension of less than £10 on which I pay tax but I am not able to consolidate it with my other three pensions.

I would like to see the personal allowance increased for pensioners only so the state pension would always be tax free.

M0nica Sat 12-Aug-23 12:23:18

Probaly not much, now it is all done on computers working from huge datatsets.

Iam64 Sat 12-Aug-23 08:23:22

Administrative cost is?
Apologies for fat fingers

Iam64 Sat 12-Aug-23 08:22:44

25p 😵‍💫😂. I wonder what the administrative cos it…..

M0nica Sat 12-Aug-23 07:39:23

Thank you, Chardy

Welbeck being part-Irish, we take these things more lightly, but I know how he feels.

welbeck Fri 11-Aug-23 20:14:55

UK Parliament
www.parliament.uk › taxation › overview › ne...
In his 1909 'People's Budget' Lloyd George requested that Parliament endorse proposals for raising £7 million to pay for old age pensions

Chardy Fri 11-Aug-23 20:14:39

Happy big birthday for next week, M0nica

welbeck Fri 11-Aug-23 20:07:11

here's another lucky recipient, looking about as impressed as you feel, MOnica. maybe.
www.peoplescollection.wales/items/8292#?xywh=-73%2C0%2C1024%2C583

welbeck Fri 11-Aug-23 20:04:11

it was 1911. maybe the legislation was drafted in 1909.
anyway i believe it was introduced for over 70s.
that's why they can't get rid of it, for political reasons.
i guess the age rose to 80 when other support became available after 1948, but that's a guess.

welbeck Fri 11-Aug-23 19:59:37

maddyone

Is 1971 when it was introduced?

no. it is the lloyd george pension of 1909 or 1911.

foxie48 Fri 11-Aug-23 19:50:40

I think I'll be very happy to have made it to 80 and will have been drawing a pension for 15 years. I think I'll have got my contributions back so I'll donate to charity with gift aid!

Redhead56 Fri 11-Aug-23 19:47:44

Have a Happy 80th next week don't spend your 25p rise all at once.

Bella23 Fri 11-Aug-23 18:17:51

That's a pound a month you lucky girl, live it up and buy something exotic, like a Lolly a week.smile

M0nica Fri 11-Aug-23 18:08:36

buffyfly9 I understand the temptation, I felt the same about a very tiny occupational pension I got, but at our age we are mature enough to restrain ourselves and just take it with a casual nod.

Remember, every little helps!

maddyone Fri 11-Aug-23 17:44:42

Is 1971 when it was introduced?

Callistemon21 Fri 11-Aug-23 17:30:33

You'll be a living miracle!!
😁

M0nica Fri 11-Aug-23 17:29:27

If I am still drawing it in 2075, not only will I be extremely old, I will probably being living off my media presence.

buffyfly9 Fri 11-Aug-23 17:26:54

It's a bloody disgrace and an insult. I've only got another year to go so when my letter arrives and if I'm still alive I will be telling the Pensions Agency where to stick it.

Ali08 Fri 11-Aug-23 17:22:16

Aldom

In 1971 25p was worth £2.50 in today's money. Quite a difference.

So, I wonder what it'll be worth in the next 52 years, in 2075? 😆

Georgesgran Fri 11-Aug-23 13:49:57

I agree too maddyone. Increase Pension Credit for those who need it. I’m sure most of us can manage without a £10 Christmas Bonus.
The WFP this year will remain at £500 for we OAPs.

M0nica Fri 11-Aug-23 13:09:18

Yorklady. You are right. so, I will start again:

I am incandescent with excitement!!!!!

I have just had a letter from the Pensions Agency to say that from next week, when I am 80, I will be getting an extra 25p pension a week (20p after standard rate tax of 20p in the £1 is deducted)

It will take me a bit longer to afford the fish and chips and our trip to the coin machine place will now be once every 5 weeks rather than 4 weeks as before

maddyone on a more sober note, i entirely agree with you.

BlueBelle Fri 11-Aug-23 12:57:17

I m a year ahead of you Sodapop and ecstatic with anticipation