Guest Posted November 22, 2015 Report Share Posted November 22, 2015 On UK gold radio today,I heard an advert saying that in 2016,state pensions and the way that they are paid is changing. That national insurance contributions is a determined factor on your weekly payout.. could anyone explain? and how is it calculated?.. Thanks,Ian. Quote Link to post Share on other sites
Guest Posted November 22, 2015 Report Share Posted November 22, 2015 So if you pay bugger all in-you get bugger all out?? Quote Link to post Share on other sites
Bubblewrap 3,815 Posted November 22, 2015 Report Share Posted November 22, 2015 And you don't get much out of it anyway................ UNLESS....................................you live long enough(about 50 years ) And I'm determined to live for as long as I can............out of spite 4 Quote Link to post Share on other sites
DAVIDW 1,681 Posted November 22, 2015 Report Share Posted November 22, 2015 More about the winners and losers here : http://www.telegraph.co.uk/finance/personalfinance/pensions/11950590/Revealed-the-winners-and-losers-from-next-years-state-pension-shake-up.html Quote Link to post Share on other sites
Bilbraborn 1,594 Posted November 22, 2015 Report Share Posted November 22, 2015 I will be one of the first in the new system. I wrote and asked what I might get and received a long letter telling me sweet fanny adams. Quote Link to post Share on other sites
Rob.L 1,088 Posted November 22, 2015 Report Share Posted November 22, 2015 If someone hasn't paid enough NI contributions to qualify for the new pension, they will still get the current level of payment.And if you were "contracted-out" by your employer, that will also affect how much you get even if you have paid NI for more than the qualifying years. Quote Link to post Share on other sites
Guest Posted November 23, 2015 Report Share Posted November 23, 2015 Looks like we are going to get short changed! Quote Link to post Share on other sites
Bubblewrap 3,815 Posted November 23, 2015 Report Share Posted November 23, 2015 Problem is we're all living too long Quote Link to post Share on other sites
Chulla 4,946 Posted November 23, 2015 Report Share Posted November 23, 2015 Its the thought that I will miss the interesting and amusing posts on Nottstalgia that will keep me away from death's door. 6 Quote Link to post Share on other sites
parmitage 127 Posted November 23, 2015 Report Share Posted November 23, 2015 I am keeping going by meeting many new people through my 16 hours per week job and I am determined to go on as long as possible just to upset the GOV. I still go in to the Sorting Office daily for an hour or two serving people with parcels etc. It is ashame if the new people drawing their pensions are short changed though. Mind you it is like the story of the millionaire who died and wanted all his money buried with him - his wife wrote him a cheque and put it in the coffin!!! Best wishes Peter 1 Quote Link to post Share on other sites
BeestonMick 263 Posted November 23, 2015 Report Share Posted November 23, 2015 Looks like I'm going to get ripped next August then. Quote Link to post Share on other sites
dgbrit 258 Posted November 23, 2015 Report Share Posted November 23, 2015 Sure beats the 2 pound 2/6 ..... 421/2 hrs a week I got in 1962 and thats for doing nowt. Quote Link to post Share on other sites
Guest Posted November 23, 2015 Report Share Posted November 23, 2015 I wonder how I will go on here?? My old man did 51 years at Boots,when he got taxed on his pension..it made him livid!! Quote Link to post Share on other sites
dgbrit 258 Posted November 23, 2015 Report Share Posted November 23, 2015 Funny thing but over here the Social Security calls you when you are ready to draw your pension and advises you on when the best time to file so you get the most back. I did take their advice as now I can earn as much as I like without it affecting my pension and each year the amount I earn adds to raise my $ But we still have to contribute to medical Medicare even if you don't work they deduct it out of the pension before you get it. $105.00 Pm Then you still have a deductible to meet before they pay any med bills. Quote Link to post Share on other sites
Guest Posted November 23, 2015 Report Share Posted November 23, 2015 I'd buy a couple of Electra glides mate,while the going is good!! Quote Link to post Share on other sites
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