Triple Lock: Can we afford the pension promise? Feat. JJ Anisiobi & Carole Malone | Storm Huntley

Economists and pension experts have issued fresh warnings that the policy is unsustainable in the long term.
That's after new stats revealed an extra 1.7 million people will be claiming the state pension compared to current levels in just 7 years. from an estimated 12.0 million to 13.7 million people
The triple lock, which guarantees pensions rise by the highest of inflation, wage growth or 2.5%, cost the government over 110 billion pounds between 2022 and 2023.
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#StromHuntley #triplelock #pensioners

[@lionheartthemuss]

We can't afford not too. Our pension is one of the worst in Europe, and real inflation is far higher than the measure they use. The discussion should be how improve our state pension.

[@pimmers-q3n]

This is getting boring now - just leave pensioners alone ffs

[@sbalmer132]

We wouldn’t need a triple lock if we had a decent pension

[@larskaminskidk]

What is a decent pension?

[@lee6023]

£221 a week is plenty pensioners shouldn't be getting more weekly than a working age person

[@mathsfreak69]

​@lee6023 so pensions (which were fought for) shoukd be dragged down by unscrupulous employers paying ever worsening wages? Everybody suffers under that logic

[@Jimmyboy-c3po]

Pensioners get enough they dont deserve any more stuff​ them.@@mathsfreak69

[@alanrogers9597]

@@lee6023 Lee you will be an OAP at some point in the future, you are arguing against your own ability to pay for food and bills once you're body has worn out, and you're too old for work

[@alanrogers9597]

Oldest retirement age in Europe, with the smallest pension. And don't forget we paid NI for 40 years, plus SERPS EVERY WEEK !!! Ukrainians and boat people have paid NOTHING!!! BUT GOVERNMENT HAS PLENTY OF MONEY FOR THEM.

[@ivanglossop5106]

I've got 5 more years until my state pension. And I better get it with no means testing. What's the point in me paying in all my working life into a workplace pension.

[@Stuart-f2m]

Apparently you have not paid . Money has been taken but it doesn't count because its not your own pot . This is pure Semantics. YOU HAVE PAID & that should entitle you to a state pension but like a shady insurance broker who looks for smallprint they will look to steal it away by any shenanigans

[@chrisdavey9985]

Leave the pension alone look at the crooks in parliament there's lots more to be served in that corrupt institution

[@bowjana8128]

We can afford hotels and foreign wars

[@kevincowan2639]

They were staying in holiday inn expresses. No where nice but yea they did spend to much on the war in Ukraine.

[@Jokerjaxs]

Yes just sent 80 million to the WEF . There is no 22 million black hole .

[@mikeyacson9542]

I would be happy to give up the triple lock, if WE ALL GOT THE SAME RATE, NOT OLD AND NEW. New pension is £50 per week more and get larger percentage rise.

[@richardeggett392]

Pensions should be the same as minimum wage. after working for 50 years we are just expected to lay down and wither away, unless you have a decent private pension you can not live a decent life. if we made migrants live the same way pensioners do all the so called do gooders would be screaming from the rooftops.

[@mikeyacson9542]

@richardeggett392 Well Richard, if we were not paying 8 MILLION POUNDS A DAY and rising , for people who are illegally in our country, then we could afford to give our pensioner a decent income.

[@meljen8592]

Stop giving our money to other countries,and it’s not costing the government,it’s costing us,the taxpayer.

[@janeforrest6838]

Completely agree!

[@ElaineSutton-sv5og]

Let's not forget that if you have a state pension plus a private/occupational pension and both combined are above the personal allowance of £12750 then you are taxed at 20% on the amount above that threshold. I pay just short of 3k a year in tax.

[@christopher554]

@@ElaineSutton-sv5og your a luck one

[@stevendorling4902]

They go on about the pension but they can pay 3000 pounds for these boats people for their clothes what is going wrong in our country and there nice and warm this winter

[@gillianhayward9888]

Bonnie and Clyde 😂😂😂😂

[@dennismorgan4694]

Money for wars, illegals and other fancies overseas but not for pensioners,gold pensions for government officials,state pension one of the lowest in Europe.

[@Stuart-f2m]

Gold plated civil servant pensions is an open cheque book .

[@kevincowan2639]

Hey!, hey!, those government officials deserve those gold plated annuities pensions and honestly do you think we shouldn’t have given any money to Ukraine? I mean they are the UKrain? I mean they are our brothers (kind of) and you better not say anything about how good this country is at building anything especially the HS2 what will be finished one day 🤞 🤦

[@kevinsyd2012]

UK workers do not pay enough for a higher State pension. Employee 8% pension contributions in EU vs 3% in the UK. Plus 8% employer contribution in EU vs max 5% in UK. Total 16% in EU vs 8% in UK.

[@dennismorgan4694]

@kevinsyd2012 I cannot argue because I haven't checked that info out but no mention of the economic migrants,or overseas aid that we cater to .

[@alanrogers9597]

@@kevinsyd2012 Kevin,,, guess what happened to the 5% SERPS contributions, the additional top up us oldies had to pay, where has it gone ?

[@PaulRoberts-hh5ww]

Stopping excessive foreign aid would enable us to keep the triple lock which will only give us a below average pension compared to other European countries.

[@dogfishtoo]

@@PaulRoberts-hh5ww as one of the wealthiest nations in the developed world and since we were responsible in the past for many of the third world problems, we should be happy to fund deserving nations. On the other hand sending vast amounts of public money to support wars in Ukraine and Israel is perverse, especially since Israel is almost certainly committing war crimes and a genocide of the Palestinians. Our contribution to other countries is barely sufficient to meet our international obligations under international treaties of which we are signatories. It seems our government is happy to fund aggressors and not the underprivileged both home and abroad. smh

[@jillhornby5604]

Surprise Surprise, pensioners being verbally abused again.

[@erictaylor2831]

It's only too easy always blame the pensioner 😂

[@lee6023]

it isn't sustainable to keep the triple lock and they should have put some savings to one side during their working lives. savings only affects pension credit not the pension itself

[@erictaylor2831]

@@lee6023 I don't get pension credits I pay for everything the same as you.I hope you are settling aside for your retirement,by the way I was working till I was 70.

[@jillhornby5604]

@@lee6023 O i did, and with my inheritance, company pension, and state pension, im rolling in money. Loving it.

[@mathsfreak69]

​@@lee6023it's absolutely sustainable as it goes back into the economy. Or should we have lower tax rates so the rich can hide it in the Caynan islands

[@Kez1a1]

And there's always billions to send abroad to other countries....

[@michelehewitt9678]

Yes we can if we stop finding money for things that we don't need to pay for , stop going on about the triple lock, and the black hole which is not true, leave the pension alone , this country is going to pot.

[@SimonWallwork]

Excuse me. I've paid in my entire working life. The UK Pension is crap, but don't even think about not paying it.

[@kevinsyd2012]

You've paid into nothing. There is no pot of money with your name on it as your NI was used to pay the pensions of those retired during your working life. Today's taxpayers pay today's pensions.

[@christinefiedor3518]

The aged pension is actually classed as a benefit. Successive uk governments have known about the blow out for decades but chose to kick the can down the road where’s sensible countries such as Germany and Australia started planning for an ageing population following WW2 but even they are finding it challenging. I believe we no option but to means test like they do in other countries. That means that those that actually need will get it. But the means testing has to of a high standard and is more work so people will need robust training! I totally agree with the caller who said that NI is just another form of tax. The rise of life expectancy is not rocket science. And Carole it’s ludicrous that we have we have retired people on very healthy company pensions also getting a state pension. That’s greed.

[@alanrogers9597]

@@kevinsyd2012 that's not true, in 1978 the labour government introduced SERPS. All working folk paid an additional 2% of their income for a better rate of pension. this ceased in 2002. so what happened to he dosh,,, supposed to be purley for our pensions.

[@kevinsyd2012]

@ NI is just another name for tax. SERPS was just a 2% tax increase dressed-up to look like a pension contribution. There is no State pension pot for you and that's why you can't pass it to your wife or children when you die, unlike a private pension.

[@alanrogers9597]

@ Everyone gets old, hope your making suitable provision before the state pension disappears forever.

[@gordonhancock5524]

Keir Starmer got a special "tax unregistered" pension scheme when he stood down as Director of Public Prosecutions (DPP) in 2013. Pays no Tax Labour says it was standard practice for retiring DPPs to get such a deal.

[@markwoodward881]

This is now a tired argument 😢, There is plenty of Money raised by government but wasted , they never mention that it costs over £300 billion a year to run the Government.

[@andreatunwell8129]

Although we retired when we were 60/65. Now we are being asked to work longer. So more money is being paid for longer before receiving your pension now.

[@jeremiahpoole6526]

Because people are living longer - often with age-related diseases which is costly also. My son’s reception class is half-full because people have smaller families because houses are unaffordable. It’s a ticking time-bomb that’s been known for decades but the can has been kicked down the road for political gain. We’re reaching critical mass of this now and the chicken are coming home to roost.

[@ivanglossop5106]

Not very often I agree with Carol but she right on this one

[@splottcardiff3993]

It’s unfair for those younger families who cannot afford to buy a home and are struggling to fund an unaffordable triple lock. 25% of pensioners are millionaires (in assets)😢

[@christopher554]

@@splottcardiff3993 rubbish all I got is the state pension try living on it .

[@andrewlilley3660]

So, that means that 75% are not, you're not making much sense, are you?

[@Stuart-f2m]

Yeah lets tell Wealth creaters that start businesses that if they make money from it they get no pension. Millionaires pay much more in tax so its only fair they get something back as they support the poor

[@martynbisatt1132]

At todays living wage , being around 20 thousand a year for a 40 hour week , today full pension is around half that .

[@kevinsyd2012]

The national living wage is £22,620 per year

[@kinggeoffrey3801]

To be fair, the new minimum wage will be £12.21 an hour in April. Which is over 25k a year for a 40-hour week. Not too shabby. But I agree that the state pension is appalling.

[@kevinsyd2012]

@@kinggeoffrey3801 The state pension is there to supplement savings and workplace pensions (and private pensions nowadays) and not to be the only source of income. If people spend all their income during their working life on the assumption that the state pension will keep them going in old age then that's their choice. If the individual state pension was £25,000 per and £40,000 for a couple year then why would anyone save, why would anyone bother to work?

[@Diane53M]

@@kevinsyd2012 The private pensions where very rare when I was a young working person, I was later in a private pension but was also a single mum so could not afford to pay into it. Nowadays your employer has to put you in a pension scheme.

[@kinggeoffrey3801]

@@kevinsyd2012 I understand what the state pension is for. But not everyone had enough money to save and have good private pensions. It isn't that simple.

[@michael7286]

Carole is very right in what she says and tells exactly how it is, she knows her stuff. Thank you Carole for speaking up for us pensioners again.

[@ruthhadfield9726]

she is very anti families and children though

[@michael7286]

@@ruthhadfield9726 Nonsense !!

[@ruthhadfield9726]

@michael7286 not nonsense at all. she talks about helping the most vulnerable but happy to watch children suffer in poverty

[@helloed294]

On this same show she brushed off Child poverty 😂 amazing she cares so little for children and families, and so much for the elderly.

[@Sean-xy4hk]

She is Adolf Hitler with a wig on

[@lenshand]

We paid our hard earned money into the SP so they should have invested this wisely. Oh, and by the way, NOTHING costs the government anything. They get most of their money from the tax payers.

[@pakitosaur]

You don't pay into the state pension. It's not a pot of money that you pay into. That's what a personal/workplace pension is. The state pension is basically a pyramid scheme. People paying tax now pay the pensions of current pensioners, and when the current generation retire their state pensions will (if they still exist) be paid by the people working and paying tax then

[@Stuart-f2m]

​​@@pakitosaur No Government has a pot . You get a state pension through paying taxes & Ni . You have not paid into a pot but you have PAID into the system You PAID . End of .

[@LindaBranton-y3k]

Yes we can afford the triple lock you should stop paying the scrounging immigrants the pensioners have worked for it and deserve it

[@robbiebarca1680]

You will not pay tax on an £8,000 pension. Your income can be roughly £12,500 before any tax is due.

[@lyndamorgan3557]

And your point is?

[@Diane53M]

It is added to any private pension you receive for tax purposes. So your private pension is only 80% as it is all taxed from April, no tax allowance as that is your state pension. So we are still paying tax.despite being retired. In fact if they don't raise the tax threshold next April (26) we will be paying tax on the state pension.

[@jacksoncrate]

The point is no tax ​@@lyndamorgan3557

[@judithmorganjudyteen]

​@@Diane53Mit will be just under 12,000 as of April

[@David-j9h9g]

mad B> says young people r lazy but all pensioners worked hard....

[@kevincowan2639]

Exactly I don’t think people understand how many pensioners were unemployed there entire life

[@lionheartthemuss]

Imagine they invested our NI pension contributions properly like the Norwegian's do. We would have no problem at all our pensions would be massive.

[@steamhammer2k]

Its not as if the pension is a fair amount, less than min wage.

[@mjl2904]

How much do you want. Your costs are lower than a working person you only need around 60-% of what you earned while work as you should not have a mortgage to pay for. Think of the problem facing us when millennials and Gen z reach pension age and most are still paying rent because they could not afford to buy a house in their working lives and there aren’t as many working age people because of the low fertility rate

[@jeremiahpoole6526]

Child benefit is means tested and has been since 2013. Another perk the boomer lot got universally that is now restricted. Nothing is ever enough for them.

[@steamhammer2k]

@@mjl2904 The population is exploding with all the working age migrants, more than enough income to pay enough tax to pay a good pension. We need to find this money because we will all get old one day (even you and me) it`s important that we all reach pension age so we can kick back and enjoy the final years reaping the rewards of past efforts. I am sure you would like to give up work one day i know i do.

[@andrewlilley3660]

@@mjl2904 Not more verbal diarrhoea from you?

[@Stuart-f2m]

​​@@mjl2904 They need to keep there heating on as they are more vulnerable & heating is very expensive. So not the same. When the state pension gets to a living wage drop the triple lock & the allowances . Job done.

[@davidantonucci1161]

Life is not always fair not everyone gets dealt a good hand , and anyone that says to remove a pension from these people has not had a reality check

[@bowjana8128]

We have the lowest pension in europe

[@kevinsyd2012]

No we don't, far from the lowest. Stop believing all the social media nonsense.

[@mjl2904]

Soooo would that not mean you take personal responsibility to save for your own retirement. Or are we a benefits nation begging for handouts?

[@bowjana8128]

@mjl2904 people have paid in to the system how about stop paying boat people and foreign wars

[@kevinsyd2012]

No we don't

[@andrewlilley3660]

@@mjl2904 No, it means that we should be paid a survivable income, we are not.

[@James-jo1ji]

Sick of hearing this one of lowest pensions in Europe

[@apemoon1731]

But it is.

[@robertmiur2388]

Well it’s is lowest in europe

[@alanrogers9597]

James, the UK really does have the lowest pension in Europe, and the oldest retirement age. You will hopefully live to retirement age, and what will you have, if the state pension is reduced or removed ? it's inevitable you can't cheat time, what have you put in place to support yourself ? think on lad.

[@Stuart-f2m]

Truth hurts Eh ?

[@martinbrown983]

We have people here illegally living off us we have people who won't work because they get too many benefits we give money to other countrys

[@mjl2904]

Carole food is going up 15% how can pensioners keep up? Also Carole, train drivers (a very specific job) got a 9% raise which is obscene. I am not normally one to count someone else’s pockets but how much of a payrise did Carole get? How much of a payrise did bankers get? I know some people on low wages getting no payrise or if they are it is 1%

[@unam4264]

Go for the people who worked since they were 16.. The government is scandalous, and it's the young now us and them.

[@Jonnyicey]

We all know state pension will become means tested within a decade, its those who contribute the least that benefit the most.

[@Stuart-f2m]

Yeah That's why nobody wants to work & I don't blame them

[@Jonnyicey]

@@Stuart-f2m thats not a good outlook for the country tho is it

[@Stuart-f2m]

​@@Jonnyicey 100% it's not & the Communist policy of punishment of taking pensions off the the workers that have wealth from working for decades & decades

[@Stuart-f2m]

​@@Jonnyicey 100% Agree but if Government penalise people for working & creating personal wealth then clearly they aint gonna work or save as there's literally no point.

[@bowjana8128]

​@Jonnyicey yes no point working anymore

[@IvanMairs-xn4sk]

Able to find money for a runway😂😂😂

[@markmcbride678]

That's got to do with it how ?

[@QuarterTime25]

Nash for young people!!! Go on sir! As a young person I feel if there is not going to be a state pension then we need to stop paying NI and just let us invest into our own private pensions

[@stuarttaylor9203]

Means testing = If you paid for it, you're not getting it.

[@mixmax1953]

She said 30% of pensioners are millionaires, a stat she spouts off every time this comes up. No way is this true, I know a lot of pensioners and most are poor despite leaving school at 14 or 15 and working over 50 years. Try surveying pensioners north of Watford for a change.

[@CruelSabrac]

have you met every single pensioner in this country? if no, then shut your mouth

[@mjl2904]

Being a millionaire doesn’t always mean you have a million in that bank. The 30% of pensioners that are millionaires are asset millionaires. They are the ones living in 4 bed houses as a couple with good pensions that they can live on for the rest of their life. @mixmax1953 tell me you are broke without telling me you are broke. I don’t know any poor pensioners and I live in Wales

[@mjl2904]

30% of pensioners are asset millionaires not all the money is in cash. Who is more vulnerable a pensioner couple in a 3 bedroom house worth over £600,000, with the mortgage fully paid off. They also go on 3-5 holidays a year, and miscalculated how much to save and ended up over saving in their pension and have way more money than they can spend. Or a young family with both parents working hard on minimum wage working all hours but still can’t afford to survive without benefits?

[@richardeggett392]

@@mjl2904 I was part of a young family who worked 7 days a week 12 hour shifts just to make the mortgage payments, i own my own home now but i only have state pension to live on. it is an existence not a life.

[@michelehewitt9678]

Carol is right could he live on the pension get , also stop blaming the last government, this government needs to go

[@butlerpa100]

If you can’t afford the pension promise then axe the NI and make people use nest compulsory to the same %

[@gregbell9999]

Storm, just wait until you are of pensionable age, and you have paid into a pension for 49 years, like I did,and the government change the goalposts and only base the amount of pension paid out on 35 years of contributions!…. What happened to the additional 14 years of payments, I contributed in to the system!…. Daylight robbery!

[@Stuart-f2m]

Like a shady second hand car dealer the Government will claim your thousands of tax & Ni doesn't count as its not in your own pot . Like it has to be . Civil servants are looking at the smallest of smallprint to scam you out of your pension on the grounds there's no pot . You paid & paid & paid & paid but as there's no pot it doesn't count lol lol lol .

[@dogfishtoo]

There is no 'pension pot' for the state pension. It's funded from general taxation from the welfare budget. People don't pay into a pension fund. Utter drivel talked yet again by the sheer economic illiteracy of these 'chatterati'. The UK pension is one of, if not, the lowest in the developed world. It's barely subsistence level and treating this as a cost to government is also economically illiterate. This money mostly goes straight back into the economy and adds to economic growth. On the other hand giving tax breaks to the very wealthy generally results in that money leaving the country and is a drain on the economy. The solution is simple: tax the rich and tax them some more as the majority are just parasites feeding off the poor. smh

[@Stuart-f2m]

There's no pot because thats not how it works The state pension works.on a Ni Qualification basis if you PAY for 35 years . The Semantics of. there's no magic pot with your name on is hilarious.. Money comes out of your salary & the Government had a whole website declaring gow this qualifies you for a state pension. It's very very clear.. if they take the money then change the rules its fraud.

[@Stuart-f2m]

People like you are the reason millionaire wealth creaters are leaving in droves . Workers don't pay millionaires , its millionaires who put the most money into the tax system & pay the poor benefits. They pay the most for schools & hospitals. People claiming that young people support rich Pensioners is patently absurd .Its like me giving you £1 million pound & you give me a tenner. Back & claim you support me. Ridiculous.

[@Berryhill-86]

Triple lock is a scam, my tax allowance reduces every year taking an extra 20% off the same amount from my company pension and all raises for that tax year. If I get a triple lock this year my tax allowance will disappear. This is just a transfer of digital money from company pension to state pension.

[@richardeggett392]

Don't forget future generations will be pensioners one day. and all these migrants who arrive in this country a lot of them will never work but they will get a pension. the government can afford to send billions abroad yet can not look after the people who built this country. they can afford to pay billions to keep migrants in hotels yet pensioners are freezing to death.

[@Stuart-f2m]

If the Government's bright spark idea is to takes pensions of people that start businesses & gain wealth but give it to dolescroungers & the bone idol they will definitely not work . What's the point ? Work & if you were too much you lose your state pension .... nah pass . Maybe why nobody wants to work ?

[@PhilThomas-f5j]

J. J. and Presenter needs to change the narrative and sort themselves out. Country can't afford the immigration bill either. Best to concentrate your minds on people who have in no way contributed to this Countries wealth before trying to sabotage any additions to a mediocre state pension.

[@Stuart-f2m]

JJ clearly doesn't understand means testing . It involves hiring thousands of Civil servants on gold plated pensions. It saves nothing due to administration costs .

[@briankerrison8504]

It’s public money..& that purse has a de fit of funds..you can only have if purse is fully funded 🙄🤔

[@janeforrest6838]

The issue I have is you only receive it if you’ve paid enough into it so where has the money gone?It should only have been allocated for pension payments so my guess is it’s been used for other things!shameless,wonder if we could do that with our tax bills

[@mjl2904]

I agree with Carole about the triple lock, though I think we should go further it should be the higher of wages inflation or 5% to match the times. Stop all other benefits to working age people so there is more money for the pensioners. F the pensioners of tomorrow that are millennials and gen z. This will be the lasting legacy of the baby boomer generation.

[@MrPatch25]

Why not they give billions in foreign aid

[@garrycurrid3297]

This country is pathetic, moaning about pensioners , the pension is the worst in Europe, If I knew this was how it is now I regret working from 16 , paying in , I did it because I was told I would get my pension at 65, now will get it at 67 !!!!, shower of bas....ds,

[@neilsmith154]

No one pays into anything. There is no fund. Current taxpayer fund state pension payments.

[@Stuart-f2m]

They pay the previous generation pension. The system is very very clear . They do pay & are rewarded after.paying 35 years of Ni a pension. Do your research. Last time I checked when money is deducted its called paid..End of

[@neilsmith154]

@ There is no fund unlike US social security or a private pension. If you have 10-35 year NI contributions you qualify for state pension. But you pension is funded by current taxpayers.

[@Stuart-f2m]

​​@@neilsmith154 Nobody says there's a fund . That's not how it works. It works by paying taxes for 40 years like every other civilised country . The only difference is the UK forces people to pay 2 taxes that pay for pensions . Yes 2 . Ni & income tax & a raft of stealth taxes .what's your bright spark idea ? Means testing ? Or to put it another way give pensions to dolescroungers but take off people that have wealth coz they bothered work for 40 plus years ?

[@kevincowan2639]

Anybody else think Anne Argyll and Bute is over exaggerating “I worked everyday until my 1st child then I had my 1st child and I was back at work a week later” 👍 FS sure you were Anne pal 🤦

[@judithmorganjudyteen]

Whyis Nash saying tax will be 60 to 70 percent. ?

[@keithlear9100]

The UK state pension is one of the lowest in Europe! We cannot afford to pay pensioners, who have paid in all their working lives, a decent pension, but we can afford to pay billions of £ to other countries in fioreign aid, net zero assistance,illegal immigrants etc. will someone please explain this to me. British citizens are at the back of the queue for everything.

[@jeremiahpoole6526]

Birth rates are plummeting which necessitates the need for immigrants otherwise the country ages, which it is anyway. We have outlived this state pension now. It was never designed for people to live this long on it for the amount of NI one had paid. European countries pay more income tax so they receive more - simple as that.

[@Stuart-f2m]

Magic money Tree for Illegals , climate aid for Africa. Billions fir Ukraine. Billions for Gold plated Civil servants but no money for pensioners that have paid taxes & Ni for 40 years . Politicians have zero morals

[@pianolearnermolescroft4508]

You should be offsetting against how much money will be saved from Pension Credits as more and more people that retire in the future will have work place pensions and not be eligible for pension credits.

[@mjl2904]

As someone that works in the pensions industry the ignorant comments Carole is making about the state pension are jarring. She says that pensioners have paid in all their life, this is wrong it is NI tax paid by the workers of today for the pensioners of today. Today’s pensioners paid for the pensions of yesterday’s pensions and so on. The state pension is effectively a benefit paid for by the taxpayer or if you want to be a bit more accurate a ponzi scheme as it is reliant on new entrants (workers) to pay for pensioners

[@Stuart-f2m]

Pensioners have paid all their life . The Semantics that you don't have a pot with your name on is irrelevant. You PAY.. money comes out of your salary & the Government has a whole website detailing how this qualifies you for the state pension. Last time I looked when money came out of my account for a service it was called paying .

[@judithmorganjudyteen]

It boils down to the same thing though doesn't it

[@Stuart-f2m]

​@@judithmorganjudyteen No it Doesn't. Imagine a company takes money for decades & decades on the promise of a pension then after 40 years says ....errrrr sorry we've spent all the money sorry . The Directors of the company would all be quite rightly in jail on fraud charges.

[@dartskipper3170]

I thought for a long time that Storm Huntley was the next Atlantic depression heading towards us. 😂

[@MrHunterd00]

LOL LOL thats a new one to me but great >>>>> bonnie and clyde

[@LindaBranton-y3k]

Leave us pensioners alone most have worked for 40 odd years

[@AnnaP-uh3mc]

Carol is ridiculous “what do you want them to do, sell up and live in a tiny house”? Ummm, yes. I’m Gen X, lucky enough to have been able to own our own home and our retirement plan includes selling our family home and moving somewhere smaller and cheaper. Like the tories always like to say - “it’s common sense”. I’m in NZ & we have a scheme called “kiwisaver” that you can opt in to for retirement savings purposes & people can draw $10K out early for a first home deposit. You allocate a % to go out of your salary to it and your employer has to make a contribution to your fund if you have one (3% of your salary).

[@pjp0007]

Employees should now be paying 20% NI which will subsidise pensions and NHS. If you want a pension and healthcare you gotta pay for it. And if you pay NI, irrespective you should receive your pension based on contributions. There appears to be a majority in the UK that seems to want a handout but doesn’t want to pay for it!

[@CarolePrater]

Pensioners not on high income s are paying income Tax .

[@bennewey5483]

Im 45. I'm under no illusions.. i will not get a state pension as generous as it is now. I will be 71 before i can claim anything and I work in a physical profession. The ponzi scheme is collapsing and the current beneficiaries want paying out before the money is gone.

[@Stuart-f2m]

As Generous as it is Now ? It's one of the lowest in the western world . You need to do your research.

[@bennewey5483]

And yet it's still more than I'll ever get.

[@Stuart-f2m]

​​@@bennewey5483 Don't fall fir the bulls#it narrative perpetratored that it's not sustainable. It's one of the lowest in the western world . Unless you know the future , you don't know what will happen in 30 years . Here's what I suspect will happen though. The dolescroungers will get a pension in 30 years but if you've worked for decades & decades you will be denied on the grounds you have weath from your own hard work .Working hard & making money definitely in 2025 makes you worse off .

[@johnsmith-ey8xe]

Pensioners won’t pay tax if their only income is £8400 - good old Nash, putting Malone firmly in her place 👍

[@larskaminskidk]

Countries such as Denmark, Sweden, Australia, the Netherlands and Iceland realized back in the 80s and early 90s the necessity for citizens to also save for pensions themselves

[@kevincowan2639]

It’s been the law for British citizens to pay into a pension since 2008 I think that’s what you mean and we’ve had something similar for 17 years

[@cloudyskies1323]

That’s called auto enrolment in UK. Main issue with it is it’s not based on the first to last pound earned. Maybe those with final salary pensions of £35k annually should be means tested.

[@cloudyskies1323]

@@kevincowan2639 you can opt out every three years. Many of my colleagues do this. Until that option is removed in a decade or so many people will be in poverty when they retire.

[@venuslin8647]

Please find me a 1 bed flat for less than £400,000 in London. You can't compare pensioners in London in other parts of UK. The service charge can be £500 per month. Can't sell a flat if you are a leaseholder with less than 80 years without spending £80,000 or more to extend the lease. After spending on service charge, utilities bills, council taxes, what is left then? I have a basic state pension & a small annuity. Thus don't qualify for pension credit. Can't get a job when you are over 70. Even if I can, will I be taking someone's job? So much for baby boomers😂 When you need to go to a care home, have to sell your home. Those who have no assets are better off. 😅 Better off poor or very rich.

[@PatOcalk]

What about the young people carole

[@MTMMoonlight]

Nash,What a caller very informed.

[@judithmorganjudyteen]

He said tax will be 60 to 70 percent !

[@lightweightben]

We need to phase out full retirement. Allow people to work flexibly and less hours in older age, more advisory and trainee roles so they can pass their wisdom and skill on whilst they keep going in the later years. The whole idea of retirement seems antiquated and we know it’s bad for health to be out of work. As it is older people pay less tax on their income not having to pay NI

[@Stuart-f2m]

Yeah it's very antiquated retirement. Let's encourage people to work until they drop down dead at work . Scaffolders & bricklayers working until they are 80 or 90 . You do know there's a reason that people retire in every civilised country in the world don't you ? I would recommend you put the crack pipe down & engage your brain .

[@andys1333]

Unfortunately, as a group, the current retired generation didn't pay enough National Insurance to cover the pension they voted for themselves leaving a huge black hole. Today we have record peace time tax take as a percentage of GDP, whilst public services are in decline. You can only tax today's workers so much before we give up.

[@dartskipper3170]

First, I retired at age 69, so I did " contribute " enough N.I. Second there is no pension. What you are paid is taken from current taxation. Third. Blair tried to improve pensions with his " Stakeholder Pension " he forced on small employers who couldn't really afford to pay into a scheme for their workers and had to lay off some, just like Reeves has done with her increase in NI contributions for employers only.

[@Diane53M]

And we were paying off the WW2 debt all our working life which is clear now so young today are not paying for that, people forget about that debt.

[@judithmorganjudyteen]

What does 'they voted for themselves ' mean

[@andys1333]

@@Diane53M and today's workers are saddled with the debt from the Great Financial crash of 2008 that even today hasn't had a single Penny of it paid off, and then there's the COVID debt, so those two have more than covered any savings of WW2 financial debt.

[@andys1333]

@@judithmorganjudyteen I mean that as a generation they voted for political parties that never addressed the looming pension problem. In 1996 we briefly touched on this issue in my GCSE geography class, that is how well known it was that the number of pensioners per worker was drastically increasing and this would cause issues for today's workers. Was any sovereign wealth fund set up to address the issue, no. It's even worse when you take into account private defined benefit pensions. My company has shovelled an extra £billion (Yes billion!) into the defined benefit scheme which was closed to me when I joined in the early 2000s. I wonder what difference that money could have made to my pay, bonuses and defined contribution pension?

[@stevendorling4902]

Why is it all these people on these programs talk about the pension and the disabled go for the big money earners ffs

[@jsrides2065]

Is he dumb the way the pension fund works is when we start work we pay tax and national insurance for the pensioner’s as so on and so on we just need kids to get jobs and stop benefits

[@Holidayhome-spain]

Tax the rich.

[@kinggeoffrey3801]

So let's say the State Pension is means tested. How does that work? What wealth do you need to be told, " Nope, no state pension for you?" People need to realise people need decades of time to plan. It takes decades to get the compound interest working on workplace pensions or SIPPs. People in their 30s or 20s have the time. People in their 40s and 50s won't have the time to get the money together.

[@Diane53M]

well said

[@Stuart-f2m]

Sorry Sir , you've worked too hard & are too weathy . Geeee I thought that was the whole point of capitalism . Work hard & enjoy the spoils . Nows it's work hard & no pension but dolescroungers get it of course.

[@kinggeoffrey3801]

@@Stuart-f2m know doubt Rachel Thieves will raid the pension pot like Brown did as well.

[@Stuart-f2m]

​@@kinggeoffrey3801 Yeah that's probably why she's scaremongering on pensions .

[@Andyjzr]

Nash killed Carol.

[@markmcbride678]

Jennifer the good old racist view 😂😂😂😂

[@quittalkingpish]

We have a generation of old people who haven't saved for their retirement, refuse to sell their houses, take more out the system than they've put in, want the triple lock, want the winter fuel payment, want rid of immigrants (whilst we're not having enough children to hit even replacement rates), just want, want, want. Whilst those of us 40 and under aren't even going to see a state pension (yet they still expect us to be forking over for theirs whilst we pay into our OWN private pensions instead of expecting the state to pick it up). No, the short and concise answer is it's not sustainable and the older generations are incredibly entitled after sucking up all the cheap housing and resources their entire lives. Guess they'll just have to stop drinking so much tea, cancel their Reader's Digest subscriptions and pull themselves up by their bootstraps.

[@erictaylor2831]

As we paid pensioners before us .

[@erictaylor2831]

I built my own house self built by myself and friends,put your phone down and give it a go 😂

[@jillhornby5604]

O its a hard hard life for you 40 plus hard done buy, so bitter and twisted.

[@judithmorganjudyteen]

What do you mean 'expecting to state to pick it up ?' we entered a contract with the Government when we started work , to get a state pension.You will have done the same.

[@ianbehennah6618]

Ignorant prat

[@SimonWallwork]

I'm a pilot. You have to stop flying at 65. I will get my pension at 66 and 8 months. How is that fair?

[@kinggeoffrey3801]

Switch it to a SIPP. You can draw a SIPP at 55 at the moment.

[@dominiclawson5362]

If pensioners pulled themselves up by their bootstraps, stopped eating so many werther's originals originals, then they might be able to afford their pensions.

[@Jonnyicey]

Someone as old as carole shouldnt have any say regarding a 2 child benefit cap.

[@KayHutchinson-x1i]

That’s a nasty comment mate you wanted one on the old age pension she is entitled to her opinion.

[@Jonnyicey]

@KayHutchinson-x1i Carole is all for pensioners, but who pays the tax that is spent on pensions... Working age people do, we need children to become future tax payers, don't limit it to 2 as it's hard enough already on parents.

[@KayHutchinson-x1i]

@ how will have children they can’t afford help make things easier for parents then surely that simply means these people will need to claim UC so it will add to the tax payers bill. In case it has slipped your mind I worked and paid for 51 years my hubby 52 to pay for the previous generation of oap,s and I thought to help towards my own . I didn’t pay to support other people’s poor choices it’s simply not fare

[@Jonnyicey]

@@KayHutchinson-x1i and when those children that you helped support with your taxes grow up to become nurses, carers etc they help you... They pay taxes to support your pension and you benefit from it. Right now the birth rate is plummeting, people on average don't even have 2 children.

[@Jonnyicey]

@ helping parents will boost the fertility rate... working age people pay tax for pensioners, they do essential roles... unless you have a private pension you are reliant on tax payers unfortunately

[@kevincowan2639]

I think the state pension should be abolished in the next year because that would have been 18 years since it became a LEGAL duty for any employer to pay into a pension for one of their employees so yeah I think it should be axed already stop talking about it and just do it

[@stephenhayden2586]

What a boring interviewer

[@ruthhadfield9726]

carole talks about looking after pensioners but she wants to see families and children suffer

[@jeremiahpoole6526]

Socialism when it suits with her kind. They are everywhere.

[@vikingfrog7204]

Council tax is going up because of social care costs. 58% pensioners take £1.40 out of the state for every £1 they've put in.

[@jillhornby5604]

WIN win then, for us pensioners.

[@vikingfrog7204]

@jillhornby5604 for now. The triple lock will end, it's unsustainable.

[@judithmorganjudyteen]

There's Many people taking out and not put any money in !

[@johnmorrissey7873]

I will swap wages and workplace with him if he wants to prove you can live on the state pension

[@Diane53M]

No dentist treatment, no holidays, no eating out etc. Good luck enjoy.

[@philthomas7675]

Malone, whos been in power the last 14 years,

[@kevincowan2639]

I think the state pension should be abolished in the next year because that would have been 18 years since it became a LEGAL duty for any employer to pay into a pension for one of their employees so yeah I think it should be axed already stop talking about it and just do it