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Legal, pensions and money

I'm 80 yrs old now of last week, my state pension is to increase Yippee

(41 Posts)
jeanie99 Tue 03-Dec-24 18:51:18

by 25p a week, not sure what to spend it on,

ANY IDEAS FOLKS

Grandma29 Thu 05-Dec-24 16:27:28

Pathetic😡.!!

llizzie2 Thu 05-Dec-24 16:34:21

jeanie99

My history is I started work in 1959 until I left work in 2006. Had some months off when I had the children.
Paid the married women's NI for many years then changed to the higher NI as well as paying in £3000 which I was asked for to increase my pension.
I receive £107 a week.
I don't understand any of this because a lady I know who never worked from age 18 yrs as claimed her pension against her husbands NI and has a pension more than me.
Have a great Christmas everyone
Jean

It seems very low. Have you considered challenging it?

I left school in 1957. I have a pension of £169 a week with top ups to £208. I was credited the times I had children, and I think I also had credit for a couple of years superannuation. I worked until 1961 when we moved and I went on unemployment until my son was born in 1961. I had another son, then had a part time job from 1964. I am unsure whether I paid superannuation then. I did qualify for maternity leave when I gave birth again in 1968. I worked part time after that, then moved to another town.

Why the government keeps saying pensions are £221 and have risen generously, and will do again is a mystery, because only those who retired in 2016 get that much, and they now have to wait more years than we did at 60, It has made people criticise the elderly's problem with the cost of heating. When the pension increases again next April, there will be no pensioners on pension credit as far as I can tell, and a lot more paying income tax.

It is really a rise in pensions when it puts the elderly in the income tax bracket?

Mamardoit Thu 05-Dec-24 17:15:18

Galton

I am like the majority of pensioners on the old pension , we get a much lower amount than the new pensioners. We have paid in for far more years and get less - how do you work that one out and yes I paid a full stamp from the age of 15 to 60. There are lot of us in the same boat.

You haven't paid in more than your younger 'sisters'. They didn't get a state pension until they were 66/67. Many of them also started work at 15 or 16.

suelld Thu 05-Dec-24 18:35:06

jeanie99

My history is I started work in 1959 until I left work in 2006. Had some months off when I had the children.
Paid the married women's NI for many years then changed to the higher NI as well as paying in £3000 which I was asked for to increase my pension.
I receive £107 a week.
I don't understand any of this because a lady I know who never worked from age 18 yrs as claimed her pension against her husbands NI and has a pension more than me.
Have a great Christmas everyone
Jean

Look into claiming Pension Credit… it’s worth it ..the gov’nt make up the difference to the full pension if you are eligible.
Check info on Gov.com or ask Age UK…they are very helpful and will guide you through all.

Rosie51 Thu 05-Dec-24 18:45:37

The 25p a week extra pension at 80 years old was introduced in 1971 and like the £10 Christmas bonus introduced in 1972 it has remained the same under successive governments. According to the rpi calculator it should be £5 a week today. Wouldn't exactly break the bank to increase it to a proper value would it?

Mt61 Sat 07-Dec-24 01:02:56

Ilovedogs22

Ohhh Allira, I'm so looking forward to the pure extravagance of being a wild, free-spending rich pensioner!
I may go mad & buy myself a nice bag of humbugs & a lovely bit of humble pie & a slightly damaged begging bowl in readyness for the fateful day of my luxurious, carefree retirement,! 😀

Oh no sugar tax on the humbugs!

Ilovedogs22 Sat 07-Dec-24 11:39:55

Bu*gger! So much for the best - laid plans Mt61. I might just resort to cheap booze instead. 🤔

Brahumbug Sun 15-Dec-24 09:29:29

@llizzie2
Why the government keeps saying pensions are £221 and have risen generously, and will do again is a mystery, because only those who retired in 2016 get that much, and they now have to wait more years than we did at 60

Only around half of those retiring after 2016 get £221.5 a week or more, the rest get less.

Oreo Sun 15-Dec-24 09:30:40

jeanie99

by 25p a week, not sure what to spend it on,

ANY IDEAS FOLKS

Just don’t spend it all at once 🤪

JamesandJon33 Sun 15-Dec-24 16:49:49

Tomorrow’s the day!!!! 25p a week more. I’m going to put it in a special savings account, for my old age

Ilovedogs22 Sun 15-Dec-24 17:03:29

There may be some nice cheap begging bowls available in the local shops for 25p jeanie99 & MrsMatt !!!
Oh! the extravagant luxury of becoming pensioner!
I cannot wait.😊

madeleine45 Sun 15-Dec-24 17:20:53

Oh lucky you!! I have to wait until July for my 25p and the way things are going , it would not be worth letting me know by post!!

watermeadow Mon 16-Dec-24 17:56:07

I too am all excited about getting this extra largesse when I turn eighty. I thought it was 24p each week so am thrilled to learn here that it’s actually 25p.
Whoopee! I may be able to buy more than the two carrots I had planned. On alternate weeks I shall run to the market and buy THREE carrots.

jeanie99 Thu 19-Dec-24 00:36:05

Thanks everyone for your comments.
Just wanted to say I hope all you young ladies (well we are young, I think I'm still 25 in my head).
I wish you all a wonderful Christmas whatever you are doing and may next year be a great.
Best Wishes
Jean

NfkDumpling Thu 19-Dec-24 07:35:44

SSSSHHH you lot! If Mr Starmer hears you he'll take it away! I fully expect us to quietly lose our £10 around June time when he thinks we're not looking.