Pensions

Discussion in 'The Village Square' started by Doghouse Riley, Feb 13, 2020.

  1. Doghouse Riley

    Doghouse Riley In Flower

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    For those in receipt of the State Pension like me, they'll be receiving notice of their pension increase from 1st April. It's about 2.8%

    But there's some good news if you will be turning eighty this year, you'll be getting and additional 25p a week!
    Was that really worth mentioning?
     
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  2. eileen

    eileen Resident Taxonomist Staff Member Moderator Plants Contributor

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    Boy oh boy I'm going to book that world cruise now!! ;)
     
  3. Doghouse Riley

    Doghouse Riley In Flower

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    Of course the pension increase isn't really that much, as many people get far more State Pension than their "tax free" allowance, so they take the tax off your company pension. So even the extra 25p reduces at least to 20p.
     
  4. mart

    mart Hardy Maple

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    Might buy you a case of brew !!
     



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  5. Raddang

    Raddang In Flower

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    @Doghouse Riley
    Heh DR. Don't just happen to be an ex tax inspector by any chance? You seem pretty clued up on these things ;);)

    I also keep a close eye on anything to do with HMRC. As for the April increase, it should at least cover the cost of a TV license which, like you, I shall now have to pay Grrrrrrr :mad:
     
  6. Doghouse Riley

    Doghouse Riley In Flower

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    Thanks for that.
    Everyone should have had the letter about their pension increase by now.
    Pensioners are getting a raw deal with savings now.
    If I invested with my bank I'd get naff-all interest, but my credit card is with the same bank and if I didn't pay it all off each month they'd charge me about 20% interest.

    The best deal on an easy access ISA is less than 1.5% and it's such a hassle moving money about now with all the security reqired by some banks and building societies.. If you've got any money, you might as well spend it.
     

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