Top 5%

[Varche]

Exactly. They have announced this to try to bribe a particular group of the female population to vote for them. I have little doubt that once elected there would be some unfortunate, but very valid reason why they couldn't actually do it.

Or the rest of their policies. Regulating rented private property will never fly foe example. Still wont stop voters being enticed just like the empty promises in the other manifestoes

[STEMO]

Exactly. They have announced this to try to bribe a particular group of the female population to vote for them. I have little doubt that once elected there would be some unfortunate, but very valid reason why they couldn't actually do it.

58 Billion reasons.

[STEMO]

I reckon there's quite a few five percenters on here.

[omegod]

I reckon there's quite a few five percenters on here.

Aye, and they must shaking like a sh*tting dog 

[Field Marshal Dr. Opti]

I reckon there's quite a few five percenters on here.

I don't think I should pay any tax whatsoever. Worse than piss poor my income.

Food bank here I come.

[Field Marshal Dr. Opti]

....not that any of you wealthy f*uckers give a shit.

[STEMO]

I reckon there's quite a few five percenters on here.

I don't think I should pay any tax whatsoever. Worse than piss poor my income.

Food bank here I come.

Yes, I remember you telling us how small your portfolio is. 

[Doctor Gollum]

That wasn't his portfolio...

[STEMO]

That wasn't his portfolio...

Oh! Well........I remember him telling us that something was small. Tiny, in fact.

[TheBoy]

Started receiving my State Pension last month all very straightforward gave me plenty of information before it was due & exactly what my payments would be & when they would be paid.

Yes, but for those of us not being given the unsustainable civil service pension, we need to be able to work out our state pension so we can adjust our DC pensions appropriately

.   

Don't know your age, but it is very simple to get a pension forecast on line it will inform  you of everything relating to it NI payments etc.

I actually rang them because my forecast gave an estimate of right now, but didn't tell me how many years I had NI contributions for (but I know, as its every year since I left school), but more importantly how many years I was contracted out (which reduces my state pension).

In my case, because I potentially have more working years paying NI without being contracted out, I might be able to claw back some of the years when I was contracted out. Hence I rang them.  But the dickweed who answered was a civil servant, and unsurprisingly useless.

So I'm none the wiser really.

.   


Do it on line it's there in black & white simple..

I have and it isn't, hence calling them

[Field Marshal Dr. Opti]

That wasn't his portfolio...

Oh! Well........I remember him telling us that something was small. Tiny, in fact.

Worn away through decades of insertion into moist ladybits.

[TheBoy]

I was in, out, shake it all about in the past. Don't know if that's made things better or worse, but cant change it now, so no use fretting.

Well I've heard you can buy years, but when I rang 'em they said that wouldn't apply to me 

It all changed on April 6th 2016. Long story short - providing you have at least 8 working years after April 6th 2016 in which you have/will pay NI, and you end up with 40 or more years, then you will qualify for the maximum new state pension amount - currently £168.60 per week.

The money paid into your 'opted out' fund will be in addition to this. For the vast majority of people 'contracting out' of SERPS has turned out to be a very, very good idea - admittedly only realised in hindsight.

Thankyou for that. So to clarify in my head, if I started work Sep 1988, and was contracted out of SERPS, for a long period. I will get the full state pension if I work and pay NI until Sep 2028?

If I don't pay NI for any reason until then (assuming I stop work in 2028 or earlier), some pro rata calculation is made?

[Doctor Gollum]

Yup

[TheBoy]

One for LC0112G as he appears in the know for these things....

From the Tory election pledges, one thing that sparked my interest was raise in 40% threshold from 50k to 80k, do you think this would actually take place and if so over how much time?

Can't see them doing it in one hit? 

Tunnie,
Accept that as a high rate tax payer, you are classed as one of the rich people (as the country has run out of truly rich people and businesses), thus under the inevitable Labour government, you personally are expected to pay for the lame and lazy of society.

[TheBoy]

few understand how it works at the moment!

Fikked if I do, as I was opted out for a long time.

Obviously!

You did not opt out of the State Pension.
 
You were opted out of the additional state pension (SERPS) and only because your employer's pension guaranteed to the state that it would provide you at least the same or more than the state second pension would.

That may have been the case once, but then Brexit single handedly wiped out all my DC pensions. S that is, I'm afraid, poppycock.