Pensions news

[lexin]

A TUC study, ‘Decent pensions for all’, finds taxpayers are spending twice as much on private sector fat cat pensions than on public sector pensions. Taxpayers are paying £2.50 to subsidise the pensions of the richest 1% of the population for every £1 spent on paying pensions to retired public servants.

Comments

[watervole.livejournal.com]

They make a very good point. Why are we having higher-rate tax relief on pensions? Standard, yes, but higher rate?

[smallship1.livejournal.com]

Off the top of my head: It is the nature of any money-based system that everyone pays in some measure for everyone1 else. The first "everyone" always means everyone; the value of the second "everyone1" varies according to the particular system involved, but it's always the goal of those in that group to keep it as small as possible, because that means they get more each. The ideal of socialism is that the second "everyone1" equals the first "everyone", but nobody's made that work yet as far as I know.

In other words, it's never a case of whether you have socialism, just of how much and who benefits; the people who need it, or the ones at the top who don't.

[actionreplay.livejournal.com]

Hmmm I get higher rate relief for my pension. Except right now I'm not getting paid, so no pension. I'm not in the richest 1% mind you....