- 7 Jan 2010
- Reaction score
I know that, where have I said anything to dispute this ?The state pension is paid for by national insurance contributions, which come from the wages of people working today.
Effectively, each working generation pays for the older generation above them.
Which is why I have been against short hours contracts, niether the employee or employer will make any NI contributions if the pay is below £162, if the employee gets 2 jobs, both paing £150 a week, he will pay NI, employers still wont.Steven Cameron, Director of Pensions at pensions and assets management firm Aegon, said of the warning, “What many people may not realise is there’s no big pot of money set aside to pay future state pensions. Instead, they are funded on a ‘pay as you go’ basis
Because you shouldn't play with guns BAS.Mummy, why has the silly man shot himself in the foot? Again.