ANNUAL BENEFIT INCREASE?

racyguy

RetroRemix said:

Yes, she has contributed. Not just to the economy, but to the next generation too.

What she has contributed has already been spent by others.
At the moment she is taking out of the system instead of putting it in. Yes, it is legal but is it morally, right?

poppy123456

racyguy said:

RetroRemix said:

Yes, she has contributed. Not just to the economy, but to the next generation too.

What she has contributed has already been spent by others.
At the moment she is taking out of the system instead of putting it in. Yes, it is legal but is it morally, right?

Regardless of whether it’s right or wrong, I don’t think it’s anyone’s business what a person decides to do with their life. 

You always seem to be so interested in other people and what they are claiming and whether that’s right or wrong. 

I brought up 3 children alone and they were all under 7 when I became a single mother and I have to say it’s far from easy. 

It’s so wrong that you continue to judge people in the way you do!!!

racyguy

woodbine said:

Are you aware of where the money to pay SRP comes from?

Of course, out of the annual Welfare Budget. That budget is funded by many sources - taxation in all it's guises, current national insurance contributions and borrowings.

Lou67

 @poppy123456

Well said I was on my own for a lot off years with 3 children and it was hard work.
Its so unfair to be judged.

Cartini

Lou67 said:

 @poppy123456

Well said I was on my own for a lot off years with 3 children and it was hard work.
Its so unfair to be judged.

You aren`t being judged; people are stating their opinions. 

Lou67

Some opinions are harsh and not needed.

Cartini

Lou67 said:

Some opinions are harsh and not needed.

Many things in life aren`t needed, but they exist / happen.

racyguy

woodbine said:

racyguy said:

woodbine said:

Are you aware of where the money to pay SRP comes from?

Of course, out of the annual Welfare Budget. That budget is funded by many sources - taxation in all it's guises, current national insurance contributions and borrowings.

You missed out the national insurance fund often over-looked that currently stands around £32 billion.
Originally set up in 1911 and improved in 1948, (the £32b. might not be an updated figure.)

Yes, and it is still increasing surprisingly. However, the fund does not feature in the Welfare Budget and consequently it is not used (unless you treat it as a borrowing) to fund the day-to-day welfare payments such as the SRP. 
If you are looking at that particular fund you must also consider the Social Care budget alongside the budget for the NHS.
This is because NI payments are used to fund those two sectors as well.

RetroRemix

I am probably going to sound silly for asking: But what is SRP that you talk of? Is it another name for the state pension? I tried searching it, but it comes up as suggested retail price.

poppy123456

SRP = State Retirement Pension.

RetroRemix

Ahh, thank you! I thought the S was for state, P for pension... but was struggling what the R could have meant and that threw me into doubt :P

calcotti

I would normally only use SP but I used SRP because raceguy had used it and UC was replying to him. SRP is, Ithink, less commonly used but is fine.

leeCal

Not gone too well with me either ☹️

Of course though we had a commitment from the last pm, Truss, the chancellor agreed by nodding in agreement in parliament that the SP would rise by inflation. As we still have the same chancellor I am hopeful that his agreement will stand. But who knows, it’s been on and off a few times now. 

poppy123456

I’m sure I heard on the news that there’s a delay of 2.5 weeks in making the announcement of the annual increase. 

leeCal

Yes, I think it’s the 17th November. 

The suspense is killing me.

racyguy

leeCal said:

Yes, I think it’s the 17th November. 

The suspense is killing me.

In my opinion it really does not matter what the increase is for the State Pension for those that are claiming Pension Credit. Whatever the increase is it will be deducted in full before re-assessing the PC entitlement.
If the State Pension goes up by say £20 the Pension Credit award will go down by £20 subject of course to any increase in the PC limit. If PC goes up by 5% then that is what you would get.

leeCal

I don’t claim pension credit @racyguy

racyguy

Teddybear12 said:

What annoys me is last year it could not go up by wage increase because that was too high, now it cannot go up by inflation because that is too high.  They need to make their minds up.

They will, the government will decide what it can afford to pay. If benefits, go up by say 10% what you should be asking yourself is who and how is going to foot that bill?
People today are so unrealistic in what is affordable. Inflation was running at 25%+ and the mortgage rate at 17%+ back in 1988/9 when I took out a large mortgage. Increases in benefits were more or less non-existent and there was no government help to cover the increases in food or energy. It was sink or swim.

racyguy

Teddybear12 said:

I don't either @racyguy

And neither do I.
I was just pointing out that for those who do are probably not aware that whatever the increase in State pension is they won't see it. Those that don't claim it will probably see a much larger increase in their income than those that do claim it.

RetroRemix

But everything else was a lot cheaper than today, wasn't it, despite the inflation? (I wasn't around back then to live it, my knowledge is second hand, so I don't know for sure so please bear with me)

The local councils also had better resources to help take care of people with disabilities and low incomes, even if the government didn't, and the amount of money people received from benefits and/or wages back then were more than enough to help cover the cost of their bills and essentials such as food.

And not to mention there was more community spirit back then of neighbours helping each other out, which also further helped to make less of a need ask the government for help.

So there would have been no need to increase them in 88/89... but today there really is.