Petrol Profiteering..

[motorbiking]

If a private pension company can have you to retire at 65 and pay you adequately for the rest of your life - and make a profit on top of it, why can't the government, with infinitely more money to play with, do the same?

because the boomer generation didn't pay in what they are now taking out.

 

[noseall]

If a private pension company can have you to retire at 65 and pay you adequately for the rest of your life - and make a profit on top of it, why can't the government,

Because they have people like Baroness Mone and her chums robbing the taxpayer of hundreds of millions of our hard earned £££ in one fell swoop.

 

[motorbiking]

I wonder how many self employed builders manipulate their income to receive benefits they don't deserve and pay less tax than they should.

I know of at least one.

The bigger issue of course is that this government has disincentivised people from paying their way.
Increasing CGT for low tax payers
Adding a savings tax penalty

beyond daft

 

[Brigadier]

The bigger issue of course is

That decades of previous governments have avoided the issue.

In part because the tories know their base is made up of the ones who

didn't pay in what they are now taking out.

and "believe" (despite lots of evidence to the contrary) that they are best for the economy.

 

[Ivor Windybottom]

If a private pension company can have you to retire at 65 and pay you adequately for the rest of your life - and make a profit on top of it, why can't the government, with infinitely more money to play with, do the same?

Because the government does take your money, but then they pee it up against the wall instead of investing it for your future.

 

[Ivor Windybottom]

because the boomer generation didn't pay in what they are now taking out.

Spot on. It's inter-generational robbery. Boomers contractually obliged the state to pay them a fat retirement while saving absolutely nothing. They're now bleeding their kids dry, exactly as planned.

 

[fivearches]

I started work when I was 15 and retired when 65 so paid in for 50 years consider most now do not start work until they are 19 or even later after having gap years or pssin about around the world. How much do those so called hard done by contribute to the economy during this time nothing yet still want and expect to retire early they should at least pay in for the 50 years as we did.

 

[Brigadier]

I started work when I was 15 and retired when 65 so paid in for 50 years consider most now do not start work until they are 19 or even later after having gap years or pssin about around the world. How much do those so called hard done by contribute to the economy during this time nothing yet still want and expect to retire early they should at least pay in for the 50 years as we did.

Should have got a better job / pension advice then

 

[fivearches]

Why??? I enjoyed my employment and would do the same again pleased I paid my dues and not scrounged off anyone.

 

[IT Minion]

Why??? I enjoyed my employment and would do the same again pleased I paid my dues and not scrounged off anyone.

Your enjoyment is irrelevant. The problem is that you probably didn't pay in enough to cover what you're getting out now.

 

[Ivor Windybottom]

Regardless of how much was or wasn't paid in taxes, the fact is that the poiticians of their generation blew it all at the time and didn't keep any back for their retirement. All while making very generous promises to themselves that they knew their kids would have to pay for.

Eat your own young.

 

[Brigadier]

Your enjoyment is irrelevant. The problem is that you probably didn't pay in enough to cover what you're getting out now.

This, and creating the false narrative that anyone can retire in their fifties - having ponced around until their mid-twenties on an extended gap "year"- and live the life of Riley on a state pension.

 

[ellal]

I started work when I was 15 and retired when 65 so paid in for 50 years consider most now do not start work until they are 19 or even later after having gap years or pssin about around the world. How much do those so called hard done by contribute to the economy during this time nothing yet still want and expect to retire early they should at least pay in for the 50 years as we did.

You sound like a grumpy old gammon who begrudges younger generations of enjoying the opportunities you didn't have...

Either through circumstances or through choice!