Couldn't agree more. I struggle to understand how there could be any reasoning behind the current rules. Appears to be no logic whatsoever.
Type: Posts; User: Wimm
Couldn't agree more. I struggle to understand how there could be any reasoning behind the current rules. Appears to be no logic whatsoever.
Technically they do but it gets clawed back from anyone earning £60k or more so the net result is the same as if they weren't eligible for it in the first place.
A very round-about way of means...
Fair question. To me there are two similarities between the state pension and a Ponzi scheme (although I only have a basic understanding of what a Ponzi scheme is so happy to be corrected)..
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The trouble is we need young people to work to pay the pensions. Fewer children means fewer workers in the future and less money going into the giant Ponzi scheme that is the state pension.