Personal Firsts

[ahinton]

Of course!
You didn't think I just meant that we should live a long time (to claim as much state pension as we can), did you?

State Retirement Benefit it is, actually, even though run by the Department for (or should that read against?) Work and Pensions - and even that is an increasing misnomer given the ever greater numbers of people of or above State Retirement Age who are still working, some because they choose to do so but most probably because they have to do so. A pension is something paid out from a fund in which monies have been contributed and invested over time; what the state pays to many people of or over a certain age because they have attained that age is quite different, in that nothing has ever been invested in the fund from which it pays out.

[vinteuil]

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https://www.gov.uk/state-pension

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... I think we've been here before.


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[Bryn]

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https://www.gov.uk/state-pension

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... I think we've been here before.


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Many times. Many, many times. As has been pointed out before, State Retirement Benefit is an American thing.

[cloughie]

State Retirement Benefit it is, actually, even though run by the Department for (or should that read against?) Work and Pensions - and even that is an increasing misnomer given the ever greater numbers of people of or above State Retirement Age who are still working, some because they choose to do so but most probably because they have to do so. A pension is something paid out from a fund in which monies have been contributed and invested over time; what the state pays to many people of or over a certain age because they have attained that age is quite different, in that nothing has ever been invested in the fund from which it pays out.

No just a load of tax and NI contributions over a lifetime. They may call it benefit as though we are scrounging it - it has been paid for. There’s no fund because successive governments squander what they take from us!