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State Pensions - running out of money

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By (user no longer on site) OP   
over a year ago

Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

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By *illwill69uMan
over a year ago

moston

Well when you keep raiding the cookie jar to give handouts to your mates soon you find there are no cookies left for your family...

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By (user no longer on site)
over a year ago


"Well when you keep raiding the cookie jar to give handouts to your mates soon you find there are no cookies left for your family..."

True.

It happens in so many ways..Do you think all the road tax gets spent on the roads!

Pension raiding has always gone on..its so popular they give the ring leaders knighthoods and let them go live in Monaco!

quess we will all have to work even longer before we get our pensions, after all the rich need there tax breaks so much.

They are doing such a great job..

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By (user no longer on site)
over a year ago

My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

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By (user no longer on site) OP   
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

"

You can't blame any one generation - it's down to poor planning by government's for decades. Tory & Labour have had their heads in the sand - why? The population don't like "taxes". Something we have to come to terms with - we have just got to pay more!

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By (user no longer on site)
over a year ago

business and industry like taxes even less ... so much so that they tell hmrc what piffling amount they are going to pay on the massive amounts of dosh that they move out of the uk financial jurisdiction

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

You can't blame any one generation - it's down to poor planning by government's for decades. Tory & Labour have had their heads in the sand - why? The population don't like "taxes". Something we have to come to terms with - we have just got to pay more!"

The boomer's just got lucky.Theyll drain the pot as nobody expected them to live onto their 90s back in the 1950s.Given the choice I want to opt out.Because I can guarantee they'll want me to work till die.

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By *nleashedCrakenMan
over a year ago

Widnes


"Well when you keep raiding the cookie jar to give handouts to your mates soon you find there are no cookies left for your family...

True.

It happens in so many ways..Do you think all the road tax gets spent on the roads!

Pension raiding has always gone on..its so popular they give the ring leaders knighthoods and let them go live in Monaco!

quess we will all have to work even longer before we get our pensions, after all the rich need there tax breaks so much.

They are doing such a great job.. "

I think you're getting State Pension mixed up with Private Pensions.

Also, while there has been cases of illegal raids on company pension assets, that's not the real reason why many private pension schemes are in deficit. The reason why so many private schemes are in deficit is because of a change in 1998 in the way dividends from stocks in the scheme are taxed. Prior to this change dividends from stocks made by pension funds which were reinvested into the fund were taxed at a much lower rate. This meant that, with compounding, the funds grew at a much quicker rate and so there was more money in the pot to pay out the pension commitments when they became due.

So, in fact, the biggest ever raid on pension funds, which is still on going, has been by our own government; initially by Labour but on going by the coalition and now the Tories.

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By (user no longer on site)
over a year ago

If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

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By *nleashedCrakenMan
over a year ago

Widnes


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem "

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

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By (user no longer on site)
over a year ago


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

"

I agree but big business is the first place to start

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By (user no longer on site) OP   
over a year ago

Increasing taxes = loss of votes. Hence we are in the mire. We need strong government - as Hammond tried to increase NI contributions but was slapped down! We have got to get real - business & population. You get what you pay for.

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By *nleashedCrakenMan
over a year ago

Widnes


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

I agree but big business is the first place to start"

I think being frank and honest with the British People is the place to start but I'm sure we'll have this discussion in much greater detail on another thread in the furniture. But not this thread and not now.

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By *ouple in LancashireCouple
over a year ago

in Lancashire


"Increasing taxes = loss of votes. Hence we are in the mire. We need strong government - as Hammond tried to increase NI contributions but was slapped down! We have got to get real - business & population. You get what you pay for."

This..

For too long all parties have been scared to face the facts that stuff costs money and it doesn't grow on trees..

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By *ophieslutTV/TS
over a year ago

Central

Dome think that post Brexit the country will boom, which would swell tax coffers. I'd prefer that tax income was raised from corporations who shift money to tax havens as well as the very rush, often doing likewise.

The very wealthy have seen huge increases to income and wealth since the financial crash - unlike the rest of the population.

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By *andS66Couple
over a year ago

Derby


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

I agree but big business is the first place to start"

Yep....because big businesses can pay for people's lack of personal responsibility....

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By *entaur_UKMan
over a year ago

Cannock


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

I agree but big business is the first place to start

Yep....because big businesses can pay for people's lack of personal responsibility...."

I don't like relying on others so I took personal responsibility for my own future and I started paying into a private pension at the age of 20. Now the FTSE 100 has been booming since the Brexit vote breaking the all time record high many times over it has really helped to boost my pension. Many private pensions are linked to the performance of the stock market and the FTSE 100. The trouble is with socialists they love spending other people's money and they all think the world owes them a living.

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By *utandbigMan
over a year ago

Bournemouth


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

I agree but big business is the first place to start

Yep....because big businesses can pay for people's lack of personal responsibility....

I don't like relying on others so I took personal responsibility for my own future and I started paying into a private pension at the age of 20. Now the FTSE 100 has been booming since the Brexit vote breaking the all time record high many times over it has really helped to boost my pension. Many private pensions are linked to the performance of the stock market and the FTSE 100. The trouble is with socialists they love spending other people's money and they all think the world owes them a living. "

Not true

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

You can't blame any one generation - it's down to poor planning by government's for decades. Tory & Labour have had their heads in the sand - why? The population don't like "taxes". Something we have to come to terms with - we have just got to pay more!"

It actually stems from how it was set up. People mistakenly think their taxes and NI are contributing towards TGEIR pensions....in the same way a private pension fund should.

When Atlee set it up they started paying pensions immediately to those who had contributed nothing...funded by those in work and contributing at the time.

A very fine principle...but economic madness and a demographic time bomb that was always going to happen.....ho w we have got this far without it collapsing totally already baffles me!

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By (user no longer on site) OP   
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

You can't blame any one generation - it's down to poor planning by government's for decades. Tory & Labour have had their heads in the sand - why? The population don't like "taxes". Something we have to come to terms with - we have just got to pay more!

It actually stems from how it was set up. People mistakenly think their taxes and NI are contributing towards TGEIR pensions....in the same way a private pension fund should.

When Atlee set it up they started paying pensions immediately to those who had contributed nothing...funded by those in work and contributing at the time.

A very fine principle...but economic madness and a demographic time bomb that was always going to happen.....ho w we have got this far without it collapsing totally already baffles me!"

Similar to the NHS then? 1940's is a completely different world to now - they have had 80 years to re-adjust things but they obviously had more important thing's to do!

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

"

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax

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By (user no longer on site)
over a year ago

Bobbangs; if you pay in £1200 a month from your net wage, the government gives you £800 tax back, so that is £2000 per month into your AVC pot

and you can take your full pot of AVC's as a lump sum

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax"

Really!

A youngish man paying todays morgages/cost of living and not to mention that pensions do not pay out what they used to..my dad retired at 55.i pay more in than him and i will not be able to.

not sure you are correct on this!

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By (user no longer on site)
over a year ago


"If this motley crew of a government and previous ones made big business pay the proper taxes there wouldnt be a problem

It might help a little but it won't solve the problem.

This whole argument that if only the few paid more tax or all the tax they should (most of the few actually do) everything will be fine and the many won't have to pay anything more at all is bogus. You never get something for nothing. If we really want better state pensions, health care, social care, education etc. then we have to start accepting that everyone, both the few and the many, are going to have to pay for it. It may get the votes to tell the many that the few will pay for everything but it won't get the money needed and won't solve the problem.

I agree but big business is the first place to start

Yep....because big businesses can pay for people's lack of personal responsibility....

I don't like relying on others so I took personal responsibility for my own future and I started paying into a private pension at the age of 20. Now the FTSE 100 has been booming since the Brexit vote breaking the all time record high many times over it has really helped to boost my pension. Many private pensions are linked to the performance of the stock market and the FTSE 100. The trouble is with socialists they love spending other people's money and they all think the world owes them a living. "

As did i ...but the difference between me and you....id like to think that the most vulnerable in our society are looked after....you are just a selfish .

and the stock market is booming only because the pound is low...your ideology is wrapped

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax

Really!

A youngish man paying todays morgages/cost of living and not to mention that pensions do not pay out what they used to..my dad retired at 55.i pay more in than him and i will not be able to.

not sure you are correct on this!"

If you have final salary pension and are in 40% tax bracket the government gives you £400 tax back on every £600 you pay in, basically 40% on any amount you pay in.

what is it you think is incorrect?

and remember AVC's can be taken as tax free lump sum when you retire

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax

Really!

A youngish man paying todays morgages/cost of living and not to mention that pensions do not pay out what they used to..my dad retired at 55.i pay more in than him and i will not be able to.

not sure you are correct on this!

If you have final salary pension and are in 40% tax bracket the government gives you £400 tax back on every £600 you pay in, basically 40% on any amount you pay in.

what is it you think is incorrect?

and remember AVC's can be taken as tax free lump sum when you retire"

40% of £600 is £240...

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By (user no longer on site)
over a year ago


"Bobbangs; if you pay in £1200 a month from your net wage, the government gives you £800 tax back, so that is £2000 per month into your AVC pot

and you can take your full pot of AVC's as a lump sum"

I decided on property a long time ago.Whos got £1200 a month to put away.Your detached from reality.Early dementia..?

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By (user no longer on site) OP   
over a year ago


"Bobbangs; if you pay in £1200 a month from your net wage, the government gives you £800 tax back, so that is £2000 per month into your AVC pot

and you can take your full pot of AVC's as a lump sum

I decided on property a long time ago.Whos got £1200 a month to put away.Your detached from reality.Early dementia..?"

In 1992 I lost £200k on my property due to the crash - it's not always a 100% certainty.

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By (user no longer on site) OP   
over a year ago

Also those in company pension schemes - not always safe - Carillion has a £500m black hole - how can the government let this happen? 43,000 people at risk -shameful!

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax

Really!

A youngish man paying todays morgages/cost of living and not to mention that pensions do not pay out what they used to..my dad retired at 55.i pay more in than him and i will not be able to.

not sure you are correct on this!

If you have final salary pension and are in 40% tax bracket the government gives you £400 tax back on every £600 you pay in, basically 40% on any amount you pay in.

what is it you think is incorrect?

and remember AVC's can be taken as tax free lump sum when you retire"

Ahh final salary pensions..not that many of us lucky enough to have those!

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By *nleashedCrakenMan
over a year ago

Widnes


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax

Really!

A youngish man paying todays morgages/cost of living and not to mention that pensions do not pay out what they used to..my dad retired at 55.i pay more in than him and i will not be able to.

not sure you are correct on this!

If you have final salary pension and are in 40% tax bracket the government gives you £400 tax back on every £600 you pay in, basically 40% on any amount you pay in.

what is it you think is incorrect?

and remember AVC's can be taken as tax free lump sum when you retire

40% of £600 is £240...

"

The £600 is after 40% tax has been paid on £1000. 40% of £1000 is £400.

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions."

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

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By (user no longer on site)
over a year ago


"Bobbangs; if you pay in £1200 a month from your net wage, the government gives you £800 tax back, so that is £2000 per month into your AVC pot

and you can take your full pot of AVC's as a lump sum

I decided on property a long time ago.Whos got £1200 a month to put away.Your detached from reality.Early dementia..?

In 1992 I lost £200k on my property due to the crash - it's not always a 100% certainty. "

Nothing is certain.We all have the illusion of control over our lives.Property has performed well for me.Bought after the 90s crash rode out the 2008 crash .I think we are about to see another crash tbh.

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By *illwill69uMan
over a year ago

moston

The fact is pension revenue streams (be they public or private) are cyclic but all pension administrators treat them as piggy banks during their surplus phase and refuse to make good on shortfalls in their deficit stage of the cycle. As a result all pension funds are doomed to failure. So the question is, do you take the gamble and hope that the pension you back does not fail before you die? Or do you look for another method to secure your future?

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then."

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments?

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By (user no longer on site) OP   
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? "

Both the major parties have been poor over decades. Pensions were raided by the the Mirror group years ago (where is Max?) And we still haven't learned. What has got to happen before we have a government with the balls to protect the members pension money? Big business runs the world - but governments are supposed to rule the country?

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments?

Both the major parties have been poor over decades. Pensions were raided by the the Mirror group years ago (where is Max?) And we still haven't learned. What has got to happen before we have a government with the balls to protect the members pension money? Big business runs the world - but governments are supposed to rule the country? "

I agree government should do more to protect them

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By (user no longer on site)
over a year ago

The government will not look after you.You are on your own.

Realise this and you won't be disappointed.

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By *oxychick35Couple
over a year ago

thornaby

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By *heIcebreakersCouple
over a year ago

Cramlington


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions."
nice bait but what are you talking about? State pensions? Private pensions?

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By (user no longer on site) OP   
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.nice bait but what are you talking about? State pensions? Private pensions?"
state pension. Although the thread has diversed a little into other pension issues.

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By (user no longer on site)
over a year ago


"business and industry like taxes even less ... so much so that they tell hmrc what piffling amount they are going to pay on the massive amounts of dosh that they move out of the uk financial jurisdiction"
.

This this this this.

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments?

Both the major parties have been poor over decades. Pensions were raided by the the Mirror group years ago (where is Max?) And we still haven't learned. What has got to happen before we have a government with the balls to protect the members pension money? Big business runs the world - but governments are supposed to rule the country? "

You forget that the biggest pension raider was a certain Mr “Prudent” Brown!

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? "

because labour were the ones who introduced major handouts in tbe first place. If they were still in there'd be more scum getting higher handouts

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? because labour were the ones who introduced major handouts in tbe first place. If they were still in there'd be more scum getting higher handouts"

Hmm so people on a pension are scum...

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? because labour were the ones who introduced major handouts in tbe first place. If they were still in there'd be more scum getting higher handouts

Hmm so people on a pension are scum... "

no ppl on benefits that are lazy sods are.

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? because labour were the ones who introduced major handouts in tbe first place. If they were still in there'd be more scum getting higher handouts

Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are. "

but this thread is about pensions...and i doubt for one minute all people on benefits are scum

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By (user no longer on site)
over a year ago


"... more scum getting higher handouts"

pensioners are scum?

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By (user no longer on site)
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? because labour were the ones who introduced major handouts in tbe first place. If they were still in there'd be more scum getting higher handouts

Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

but this thread is about pensions...and i doubt for one minute all people on benefits are scum "

yes i know and thats why the pot is smaller

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By (user no longer on site)
over a year ago


"My generation will retire in the 2040s.There wont be a penny left for us.I believe the pension age will be 90 then.I refuse to put more in to get fuck all back.The baby boomers will have all that's left.

Bobbangs, you are 42 years old, you should by now have at least 20 years personal private pension, If you do like I did and also pay monthly AVC's, you will be able to follow in my footsteps, just think, 10 years time you could be ready to retire

its a no brainer when it comes to AVC's and a great way to avoid tax

Really!

A youngish man paying todays morgages/cost of living and not to mention that pensions do not pay out what they used to..my dad retired at 55.i pay more in than him and i will not be able to.

not sure you are correct on this!

If you have final salary pension and are in 40% tax bracket the government gives you £400 tax back on every £600 you pay in, basically 40% on any amount you pay in.

what is it you think is incorrect?

and remember AVC's can be taken as tax free lump sum when you retire

Ahh final salary pensions..not that many of us lucky enough to have those!"

Oil companies look after their employees as well as the environment

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By *illwill69uMan
over a year ago

moston


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are. "

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

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By *ary_ArgyllMan
over a year ago

Argyll

I think they need to make it easier to do a tailed work-down so we keep working longer, but not full-time and draw a portion of pension to help balance the income during this period. I know some companies and pension schemes allow this but making it a right could help with the financial bombshell which is surely building up.

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By (user no longer on site)
over a year ago

20 hours a week community service for early retirees would be the sensible option here

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By (user no longer on site)
over a year ago


"20 hours a week community service for early retirees would be the sensible option here"

Why do you say that

What is wrong with working hard, and retiring at a young age

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By (user no longer on site)
over a year ago


"20 hours a week community service for early retirees would be the sensible option here"

I prefer giving them slave labour

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By (user no longer on site)
over a year ago

nothing wrong with working hard, so

obviously a mandatory 20 hours a week community service will allow people to feel that they are still able contribute to society fully while saving the country billions at the same time

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By *imiUKMan
over a year ago

Hereford

And the richest 1% own 50% of the worlds wealth. There's no shortage of money, it's just poorly distributed....

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By (user no longer on site) OP   
over a year ago


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments?

Both the major parties have been poor over decades. Pensions were raided by the the Mirror group years ago (where is Max?) And we still haven't learned. What has got to happen before we have a government with the balls to protect the members pension money? Big business runs the world - but governments are supposed to rule the country?

You forget that the biggest pension raider was a certain Mr “Prudent” Brown!"

Very true I had forgotten about his raid on pensions. Personally I think pension contributions will suffer the same fate as MIRAS tax relief we shouldn't give tax relief on contributions - we can't afford it. If we are going to continue relief then it should be a standard rate. Everyone gets the same benefit regardless of their tax rate. A more even and fair share of "benefits ".

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By *illwill69uMan
over a year ago

moston


"nothing wrong with working hard, so

obviously a mandatory 20 hours a week community service will allow people to feel that they are still able contribute to society fully while saving the country billions at the same time "

And of course for every 2 pensioners forced to work 20 hours a week 1 full time paid job can be scrapped...

As we have over 12 million pensioners in the UK that's 6 million jobs gone. Wonder which ones they will be?

Lets guess what could be in the firing line...

Local government street cleaners, NHS cleaners and ward assistants, maybe nursing assistants. How about shop assistants and supermarket shelf stackers, I'm sure Asda would be willing to pay the state a 'reasonable fee' for the free labour, and we already know that some here consider the unemployed to be scum so it is not hard to work out what they would suggest be done with them.

Fuck it lets just bring back slavery for all but the top 1%...

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By (user no longer on site)
over a year ago


"nothing wrong with working hard, so

obviously a mandatory 20 hours a week community service will allow people to feel that they are still able contribute to society fully while saving the country billions at the same time

And of course for every 2 pensioners forced to work 20 hours a week 1 full time paid job can be scrapped...

As we have over 12 million pensioners in the UK that's 6 million jobs gone. Wonder which ones they will be?

Lets guess what could be in the firing line...

Local government street cleaners, NHS cleaners and ward assistants, maybe nursing assistants. How about shop assistants and supermarket shelf stackers, I'm sure Asda would be willing to pay the state a 'reasonable fee' for the free labour, and we already know that some here consider the unemployed to be scum so it is not hard to work out what they would suggest be done with them.

Fuck it lets just bring back slavery for all but the top 1%..."

early retirees are not pensioners, they are people who retire prior to pensionable age

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By (user no longer on site)
over a year ago


"nothing wrong with working hard, so

obviously a mandatory 20 hours a week community service will allow people to feel that they are still able contribute to society fully while saving the country billions at the same time "

I take it you are aware that we who are retired and receiving pension do continue to pay tax, it may now be the lower tax bracket but we still pay tax from our pension

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By (user no longer on site)
over a year ago


"I take it you are aware that we who are retired and receiving pension do continue to pay tax, it may now be the lower tax bracket but we still pay tax from our pension"

of course .... i have been retired since i was 32

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1"

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

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By (user no longer on site)
over a year ago

*Jacob Rees-Mogg

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By *andS66Couple
over a year ago

Derby


"nothing wrong with working hard, so

obviously a mandatory 20 hours a week community service will allow people to feel that they are still able contribute to society fully while saving the country billions at the same time "

Maybe this should be extended to those not working that are on benefits.

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By *andS66Couple
over a year ago

Derby


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

"

It also says that Labour are directly responsible for its state of repair.

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By *ercuryMan
over a year ago

Grantham


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1"

Wentworth Woodhouse is owned entirely by a preservation trust.

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair."

exactly, been saying this for years. My whole family living in this dream world of labours for the working man!! More like dirty rotton scroungers!!

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair."

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

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By *illwill69uMan
over a year ago

moston


"Wentworth Woodhouse is owned entirely by a preservation trust. "

More smoke and mirrors by super rich tories, and equally more forelock tugging by those who know their place...

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By (user no longer on site)
over a year ago

[Removed by poster at 13/01/18 09:45:59]

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By *andS66Couple
over a year ago

Derby


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up "

I suggest you read what the link says.

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By (user no longer on site)
over a year ago

Encouraging young people to get a degree and not start earning until mid 20s + encouraging pension contributions from an early age + getting married in your late 20s or 30s + wanting to own your own house and have kids while still fertile + increased number of old people = an untenable situation that just simply can not be resolved.

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says."

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity "

Labour could be out of government for a fucking century and the right would blame them .Such is their hatred of labour..

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By (user no longer on site) OP   
over a year ago

Actually I can't remember in my lifetime any bunch of politicians who are as bad as our current lot! That's everyone in the HP not just a party. Do I believe the current motley crew are going to do well for our country - absolutely not! We need a new political party which puts the country first as opposed to their own ambitions!

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By *utandbigMan
over a year ago

Bournemouth


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity Labour could be out of government for a fucking century and the right would blame them .Such is their hatred of labour.."

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By (user no longer on site)
over a year ago


"Wentworth Woodhouse is owned entirely by a preservation trust.

More smoke and mirrors by super rich tories, and equally more forelock tugging by those who know their place..."

If you say so...

Can you quote the bit in the link where Jacob Rees-Mogg was handed £7.6m...or were you just making that up?

Anyone would think you wrote headlines for the Daily Mail or The Sun for a living!

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By *nleashedCrakenMan
over a year ago

Widnes


"Apparently by mid 2030's there won't be enough cash to pay pensions. To fix it we need a 5% increase in contribtions.

Im happy working till i die. I blame Labour this is where all ghe handouts started. Hopefully the retirement age is 80 by then.

Why blame Labour...when for the majority of the time since pensions have been running we have had Tory governments? "

For the state pension both are to blame as neither of them have done anything to properly try to rectify the problem that was clearly going to come about as the population started to get older. Labour have done little or nothing when in power and the Conservative solutions (opt out from SERPs etc. in the 80's have turned out to be more of a problem than a solution.

On private pension I genuinely think Labour have to take most of the blame because it was in 1998 under Gordon Brown that they way dividends are taxed when reinvested into the fund was changed. However the Conservatives have done nothing to redress the tax change either so also share some of the blame there too.

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By *ane DTV/TS
over a year ago

London

All sides are to fault, for this mess including joe public.

From the break with earnings, opting out & 'pensions holidays'.

To 'pension fund raids' and 'light touch regulation'

Via the disinterest of "most" of joe public we all have failed horses in the pensions race.

We have allowed politics in this country to become the play thing of a professional political elite.

How we change that, short of some sort of Macronesque new party, I have no idea.

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By *andS66Couple
over a year ago

Derby


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity "

Whoever thought a remainer would own up to not caring about checking up on details in a link, instead choosing to blindly blame these that doesn't fit with their rhetoric?

Labour hasn't been in government for 10 years?

And we've had a Tory government for the last ten years? Rewriting history now as well?

So, for your benefit...

"Its ill-repair dates from the post-war Labour government’s decision to allow coal mining in the gardens after the nationalisation of the coal industry in 1945."

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By *nleashedCrakenMan
over a year ago

Widnes


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity "

It's actually just under 8 years and, whilst I don't actually agree that Labour is blameless for the current pension problems, both state and private, even at 8 years you do have a point. We can't keep blaming Labour forever and, whether the blame is justified or not, simply blaming Labour does nothing to actually solve the problem as it is now.

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By *avidnsa69Man
over a year ago

Essex


"20 hours a week community service for early retirees would be the sensible option here

Why do you say that

What is wrong with working hard, and retiring at a young age"

It's becoming harder to retire young, not least because of the cap on pension pots which will be £1m

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By *nleashedCrakenMan
over a year ago

Widnes


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity Labour could be out of government for a fucking century and the right would blame them .Such is their hatred of labour.."

I'm right of centre but don't hate or dislike Labour (or at least not all or most of them) I just don't often agree with them. In fact I can think of quite a few on the right that I definitely dislike a lot more than most of Labour.

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By *ilent.KnightMan
over a year ago

Swindon


"20 hours a week community service for early retirees would be the sensible option here

Why do you say that

What is wrong with working hard, and retiring at a young age

It's becoming harder to retire young, not least because of the cap on pension pots which will be £1m"

its harder to retire young through such tax incentives savings ... the cap doesn’t stop non pension savings ....

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity

Whoever thought a remainer would own up to not caring about checking up on details in a link, instead choosing to blindly blame these that doesn't fit with their rhetoric?

Labour hasn't been in government for 10 years?

And we've had a Tory government for the last ten years? Rewriting history now as well?

So, for your benefit...

"Its ill-repair dates from the post-war Labour government’s decision to allow coal mining in the gardens after the nationalisation of the coal industry in 1945."

"

Fucking hell...what has being a remainer have to do with it....and you do realise your talking about over 60 years ago...mind you that shouldn't surprise me you being a brexiters lool

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By *entaur_UKMan
over a year ago

Cannock


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity

It's actually just under 8 years and, whilst I don't actually agree that Labour is blameless for the current pension problems, both state and private, even at 8 years you do have a point. We can't keep blaming Labour forever and, whether the blame is justified or not, simply blaming Labour does nothing to actually solve the problem as it is now."

Wrong. It's not just under 8 years. We had a Tory/Lib dem coalition government from 2010 to 2015. We've only had Tory government from 2015, so it's around 3 years.

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By (user no longer on site)
over a year ago


"

"Its ill-repair dates from the post-war Labour government’s decision to allow coal mining in the gardens after the nationalisation of the coal industry in 1945."

Fucking hell...what has being a remainer have to do with it....and you do realise your talking about over 60 years ago...mind you that shouldn't surprise me you being a brexiters lool "

I agree being a Remainer has nothing to do with it. It's a shame you then had to bring up him being a Brexiter.

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By *nleashedCrakenMan
over a year ago

Widnes


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity

It's actually just under 8 years and, whilst I don't actually agree that Labour is blameless for the current pension problems, both state and private, even at 8 years you do have a point. We can't keep blaming Labour forever and, whether the blame is justified or not, simply blaming Labour does nothing to actually solve the problem as it is now.

Wrong. It's not just under 8 years. We had a Tory/Lib dem coalition government from 2010 to 2015. We've only had Tory government from 2015, so it's around 3 years. "

I think you're missing the point. We can't keep blaming Labour, even if you believe they were originally at fault, for everything that's wrong now when they've not been in power for nearly 8 years. If you want to blame the LibDems too you might have a point. But surely the question that has to be asked is what do we do now and can we do it with cross party support regardless of who we think was originally to blame.

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By *entaur_UKMan
over a year ago

Cannock


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity "

What was it you said the other day on another thread, something along the lines of....."I only deal in facts".

Seems you don't if you can't even be bothered to look at a link.

Also we've not had a Tory government for anywhere near 10 years, as UnleashedCraken and myself have already pointed out to you, so much for your statement that you only deal in facts, it seems you only deal in lies and false Labour propaganda.

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By (user no longer on site)
over a year ago


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity

What was it you said the other day on another thread, something along the lines of....."I only deal in facts".

Seems you don't if you can't even be bothered to look at a link.

Also we've not had a Tory government for anywhere near 10 years, as UnleashedCraken and myself have already pointed out to you, so much for your statement that you only deal in facts, it seems you only deal in lies and false Labour propaganda. "

Hypocrite...the Tories have been in power since 2010...abit with help...the same as they are now with the DUP....i repeat again your a hypocrite

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By *nleashedCrakenMan
over a year ago

Widnes


"Hmm so people on a pension are scum... no ppl on benefits that are lazy sods are.

Does your belief extend to Jacob Rees Mogg?

The multimillionaire who has taken a 7.6 million £ government handout to do up his wife's ancestral stately pile.

https://www.ft.com/content/d5efd3a0-b32f-11e6-a37c-f4a01f1b0fa1

That's strange, I read the article and my interpretation was that Jacob-Mogg hasn't taken a penny to do up Wentworth Woodhouse, the stately pile in question.

I might be wrong...maybe you would be so kind as to read it again and quote the parts where it says he has taken the £7.6m handout?

It also says that Labour are directly responsible for its state of repair.

Really so Labour hasnt been in government for over 10 years and there to blame....hows that square up

I suggest you read what the link says.

I actually dont care...the only fact is Labour hasnt been in government for 10 years...im struggling to see how its there fault...when we have had a Tory government for 10 years with austerity

What was it you said the other day on another thread, something along the lines of....."I only deal in facts".

Seems you don't if you can't even be bothered to look at a link.

Also we've not had a Tory government for anywhere near 10 years, as UnleashedCraken and myself have already pointed out to you, so much for your statement that you only deal in facts, it seems you only deal in lies and false Labour propaganda. "

Just to be clear, I'm not accusing him of lying, I seldom accuse even you of that when you first make a comment on something. It's only lying when a person continues to requote something when it's been pointed out to them that what they're saying is incorrect.

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By (user no longer on site)
over a year ago

The Conservative Party, officially the Conservative and Unionist Party,[9] is a conservative political party in the United Kingdom. It is currently the governing party, having been so since the 2010 general election, where a coalition government with the Liberal Democrats was formed. In 2015, the Conservatives led by David Cameron won a surprise majority and formed the first Conservative majority government since 1992.[10] However, the 2017 snap election on Thursday 8 June resulted in a hung parliament, and the Conservatives lost their parliamentary majority.[11] They are reliant on the support of a Northern Irish political party, the Democratic Unionist Party (DUP), in order to command a majority in the House of Commons through a confidence-and-supply deal

https://en.wikipedia.org/wiki/Conservative_Party_(UK)

Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime

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By *illwill69uMan
over a year ago

moston


"Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime"

Older, I agree with you that the Tories and their backers are to blame for the UK's problems, but 2010 to 2018 is 8 years not the 10 you have been saying, so in that you have been continually making a false statement. I think maybe you need to make a correction as one mistake justifies disregarding everything else you have said regardless of its merit.

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By *nleashedCrakenMan
over a year ago

Widnes


"The Conservative Party, officially the Conservative and Unionist Party,[9] is a conservative political party in the United Kingdom. It is currently the governing party, having been so since the 2010 general election, where a coalition government with the Liberal Democrats was formed. In 2015, the Conservatives led by David Cameron won a surprise majority and formed the first Conservative majority government since 1992.[10] However, the 2017 snap election on Thursday 8 June resulted in a hung parliament, and the Conservatives lost their parliamentary majority.[11] They are reliant on the support of a Northern Irish political party, the Democratic Unionist Party (DUP), in order to command a majority in the House of Commons through a confidence-and-supply deal

https://en.wikipedia.org/wiki/Conservative_Party_(UK)

Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime"

But it is just under 8 years not 10. Maybe you should've said nearly 10 years then we could get on and discuss what should be done now rather than who did what wrong 10 or more years ago.

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By (user no longer on site)
over a year ago


"The Conservative Party, officially the Conservative and Unionist Party,[9] is a conservative political party in the United Kingdom. It is currently the governing party, having been so since the 2010 general election, where a coalition government with the Liberal Democrats was formed. In 2015, the Conservatives led by David Cameron won a surprise majority and formed the first Conservative majority government since 1992.[10] However, the 2017 snap election on Thursday 8 June resulted in a hung parliament, and the Conservatives lost their parliamentary majority.[11] They are reliant on the support of a Northern Irish political party, the Democratic Unionist Party (DUP), in order to command a majority in the House of Commons through a confidence-and-supply deal

https://en.wikipedia.org/wiki/Conservative_Party_(UK)

Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime

But it is just under 8 years not 10. Maybe you should've said nearly 10 years then we could get on and discuss what should be done now rather than who did what wrong 10 or more years ago."

I know...i was wrong on the 10 years

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By *nleashedCrakenMan
over a year ago

Widnes


"Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime

Older, I agree with you that the Tories and their backers are to blame for the UK's problems, but 2010 to 2018 is 8 years not the 10 you have been saying, so in that you have been continually making a false statement. I think maybe you need to make a correction as one mistake justifies disregarding everything else you have said regardless of its merit. "

I don't agree with him that the Tories and their backers are soley to blame but neither is Labour. The rest of your post I agree with. Let's move on.

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By (user no longer on site)
over a year ago


"Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime

Older, I agree with you that the Tories and their backers are to blame for the UK's problems, but 2010 to 2018 is 8 years not the 10 you have been saying, so in that you have been continually making a false statement. I think maybe you need to make a correction as one mistake justifies disregarding everything else you have said regardless of its merit.

I don't agree with him that the Tories and their backers are soley to blame but neither is Labour. The rest of your post I agree with. Let's move on."

But from over 60years ago as well as one poster blamed them

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By (user no longer on site)
over a year ago

there have been 383 changes to pension rules since 1971

296 of those occured between 1979 and 1997

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By *illwill69uMan
over a year ago

moston


"I don't agree with him that the Tories and their backers are soley to blame but neither is Labour. The rest of your post I agree with. Let's move on."

I know you don't, but you are wrong. The mess we are in can be traced back to it's genesis with Thatcherism and Reaganomics, even the idea that Blair and New Labour are partially guilty is disingenuous. The fact being that to counter the Tory claim that Labour could not be trusted with the economy in the 1997 General Election, Blair pledged in the Manifesto that Labour would not change or re-regulate the financial markets or industry. The idea that Labour are even partially to blame because, unlike the Tories who since Thatcher always break their manifesto pledges, kept their promise is ridicules. I would further point out that for the period 1997 to 2007 the Tories were continually demanding even more deregulation but as soon as the collapse of the US housing market uncovered the deliberate sale of junk mortgage bundles to banks all over the world triggered the global financial crisis the Tories overnight changed their tune and suddenly it was all Labour's fault.

Now correct me if I am wrong, but the Tories are the party that support unregulated capitalism and in turn are supported and financed by the capitalist institutions that they champion.

Therefore I respectfully say that I can and have proven that our current mess is directly the result of Tory policy and the greed of their supporters.

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By (user no longer on site)
over a year ago


"Like i said i deal with facts they HAVE been the governing party since 2010....your the proven liar on here you get called out everytime

Older, I agree with you that the Tories and their backers are to blame for the UK's problems, but 2010 to 2018 is 8 years not the 10 you have been saying, so in that you have been continually making a false statement. I think maybe you need to make a correction as one mistake justifies disregarding everything else you have said regardless of its merit. "

Maybe you need to make a correction about Jacob Rees-Mogg taking a £7.6 million government handout to do up his wife's ancestral stately pile.

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By *nleashedCrakenMan
over a year ago

Widnes


"I don't agree with him that the Tories and their backers are soley to blame but neither is Labour. The rest of your post I agree with. Let's move on.

I know you don't, but you are wrong. The mess we are in can be traced back to it's genesis with Thatcherism and Reaganomics, even the idea that Blair and New Labour are partially guilty is disingenuous. The fact being that to counter the Tory claim that Labour could not be trusted with the economy in the 1997 General Election, Blair pledged in the Manifesto that Labour would not change or re-regulate the financial markets or industry. The idea that Labour are even partially to blame because, unlike the Tories who since Thatcher always break their manifesto pledges, kept their promise is ridicules. I would further point out that for the period 1997 to 2007 the Tories were continually demanding even more deregulation but as soon as the collapse of the US housing market uncovered the deliberate sale of junk mortgage bundles to banks all over the world triggered the global financial crisis the Tories overnight changed their tune and suddenly it was all Labour's fault.

Now correct me if I am wrong, but the Tories are the party that support unregulated capitalism and in turn are supported and financed by the capitalist institutions that they champion.

Therefore I respectfully say that I can and have proven that our current mess is directly the result of Tory policy and the greed of their supporters."

We're talking about pensions not financial services in general. The biggest problem with private pensions is due almost entirely down to the tax changes on dividends reinvested into the fund introduced in 1998. I also don't buy into your argument that because Labour said they wouldn't do anything to solve the pensions problem before 1997 and then actually did nothing to solve it, It's some how not any of their fault.

Probably not going to get back to this till tomorrow or Monday now. Have a good weekend.

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By (user no longer on site)
over a year ago


"I don't agree with him that the Tories and their backers are soley to blame but neither is Labour. The rest of your post I agree with. Let's move on.

I know you don't, but you are wrong. The mess we are in can be traced back to it's genesis with Thatcherism and Reaganomics, even the idea that Blair and New Labour are partially guilty is disingenuous. The fact being that to counter the Tory claim that Labour could not be trusted with the economy in the 1997 General Election, Blair pledged in the Manifesto that Labour would not change or re-regulate the financial markets or industry. The idea that Labour are even partially to blame because, unlike the Tories who since Thatcher always break their manifesto pledges, kept their promise is ridicules. I would further point out that for the period 1997 to 2007 the Tories were continually demanding even more deregulation but as soon as the collapse of the US housing market uncovered the deliberate sale of junk mortgage bundles to banks all over the world triggered the global financial crisis the Tories overnight changed their tune and suddenly it was all Labour's fault.

Now correct me if I am wrong, but the Tories are the party that support unregulated capitalism and in turn are supported and financed by the capitalist institutions that they champion.

Therefore I respectfully say that I can and have proven that our current mess is directly the result of Tory policy and the greed of their supporters.

We're talking about pensions not financial services in general. The biggest problem with private pensions is due almost entirely down to the tax changes on dividends reinvested into the fund introduced in 1998. I also don't buy into your argument that because Labour said they wouldn't do anything to solve the pensions problem before 1997 and then actually did nothing to solve it, It's some how not any of their fault.

Probably not going to get back to this till tomorrow or Monday now. Have a good weekend."

I do think you will find out that pensions are a huge part of financial services though was back then and are still today

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By *illwill69uMan
over a year ago

moston


"Maybe you need to make a correction about Jacob Rees-Mogg taking a £7.6 million government handout to do up his wife's ancestral stately pile."

No. Because the fact is that is his, his wife's and families home, as well as his mother in law. And just like this governments claims that NHS spending has increased, it is false and nothing more than an elaborate con trick carried out with the use of political and regulatory smoke and mirrors.

That you are unable or unwilling to see what is in reality happening in front of you or maybe so caught up in the patter and misdirection of the confidence tricksters that your not even watching or listening but parroting what is being said at you is really a shame. And I would suggest that you stop reading the Tory press and start listening to those (like doctors and nurses where the NHS is concerned) who are experts in the relevant field and are... Sorry, I forgot, in this world of 'alternative facts' experts have no place...

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By (user no longer on site)
over a year ago

I would literally accept a tax increase if it meant labour dobt get in power again. R.I.P labour

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By (user no longer on site)
over a year ago


"I would literally accept a tax increase if it meant labour dobt get in power again. R.I.P labour"

you don't have the option to not accept one if it is imposed regardless of who is in power so tuff shit

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By (user no longer on site)
over a year ago


"Maybe you need to make a correction about Jacob Rees-Mogg taking a £7.6 million government handout to do up his wife's ancestral stately pile.

No. Because the fact is that is his, his wife's and families home, as well as his mother in law. And just like this governments claims that NHS spending has increased, it is false and nothing more than an elaborate con trick carried out with the use of political and regulatory smoke and mirrors.

That you are unable or unwilling to see what is in reality happening in front of you or maybe so caught up in the patter and misdirection of the confidence tricksters that your not even watching or listening but parroting what is being said at you is really a shame. And I would suggest that you stop reading the Tory press and start listening to those (like doctors and nurses where the NHS is concerned) who are experts in the relevant field and are... Sorry, I forgot, in this world of 'alternative facts' experts have no place..."

You are the one peddling 'alternative facts'.

The link you posted doesn't say Jacob Rees-Mogg was handed any money. It goes on to say he has only visited Wentworth Woodhouse once in his life.

It is not Jacob Rees-Mogg's family home, it is not his wife's family home nor is it his mother-in-law's family home.

As has already been said, the current owners are Wentworth Woodhouse Preservation Trust.

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By *illwill69uMan
over a year ago

moston


"As has already been said, the current owners are Wentworth Woodhouse Preservation Trust."

Yep, I am not surprised and don't deny it.

But if stuff being held in trust is your definition of ownership then the The Duke of Westminster does not own Mayfair and is not the largest private landowner in the UK (everything is held in the family trust), The same goes for the Rothschild's and all the others including over 20 of the Cabinet including Jacob Rees Mogg's own family wealth.

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By *illwill69uMan
over a year ago

moston

As I said smoke and mirrors...

You really do need to wake up to the reality of modern Tory Briton.

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By (user no longer on site)
over a year ago


"As I said smoke and mirrors...

You really do need to wake up to the reality of modern Tory Briton."

Same as corbyn all bullshit smoke and mirrors IRA loving cunt

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By (user no longer on site)
over a year ago


"As I said smoke and mirrors...

You really do need to wake up to the reality of modern Tory Briton.

Same as corbyn all bullshit smoke and mirrors IRA loving cunt"

You really are a vile person

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By (user no longer on site)
over a year ago

first we had homer .... now we have gomer too

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By (user no longer on site)
over a year ago


"As has already been said, the current owners are Wentworth Woodhouse Preservation Trust.

Yep, I am not surprised and don't deny it.

But if stuff being held in trust is your definition of ownership then the The Duke of Westminster does not own Mayfair and is not the largest private landowner in the UK (everything is held in the family trust), The same goes for the Rothschild's and all the others including over 20 of the Cabinet including Jacob Rees Mogg's own family wealth."

The trustees sold the house in 1989 but retained the Wentworth Estate's 15,000 acres of land.

Since then it has been owned by various private owners.

Not a Rothschild in sight as far as I am aware.

I'm well aware of the reality of modern Tory Britain which is why I didn't vote for them.

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By (user no longer on site)
over a year ago


"first we had homer .... now we have gomer too "

At least im not the ones without my part in

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By (user no longer on site)
over a year ago


"

At least im not the ones without my part in "

can you translate that into comprehensible language?

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By *avidnsa69Man
over a year ago

Essex


"20 hours a week community service for early retirees would be the sensible option here

Why do you say that

What is wrong with working hard, and retiring at a young age

It's becoming harder to retire young, not least because of the cap on pension pots which will be £1mits harder to retire young through such tax incentives savings ... the cap doesn’t stop non pension savings .... "

Have you seen the interest rates? I was simply commenting that those who fancy retiring early will not find it as easy as my generation have

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By *ilent.KnightMan
over a year ago

Swindon


"20 hours a week community service for early retirees would be the sensible option here

Why do you say that

What is wrong with working hard, and retiring at a young age

It's becoming harder to retire young, not least because of the cap on pension pots which will be £1mits harder to retire young through such tax incentives savings ... the cap doesn’t stop non pension savings ....

Have you seen the interest rates? I was simply commenting that those who fancy retiring early will not find it as easy as my generation have"

i don’t disagree it’s not easy. But that’s more due to losing employer sponsored final salary schemes which are the equivalent of someone putting 20% of your salary away for you. But the pension cap is not a complete road block. Other than the tax relief you can get the same returns in other ways (assuming you don’t invest in cash)

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