Triple lock broken

Not at all surprised an 8% rise in pensions would be lovely but the country can’t afford it and the pandemic has changed the way the end results have came into being. With more and more people likely or expected to be made redundant the fall out and cost to the government and the only revenue coming in is from those working it’s a lot going out and very little coming in. 

The thing that gets to me is that people have never paid for their own pensions in the past.

Pensions have been paid for by the working population.

My grandparents didn't pay for pensions or the NHS as the system didn't exist when they worked. My parents paid for my grandparents pensions and NHS treatment as they believed that my generation would and did pay for theirs.

My generation are now being told we should have paid not only for previous generations but for ourselves as well and not be a 'burden' on the current working population.

There was an implied contract that if we paid for pensions and care of others whilst we worked our pensions and care would be paid for by future generations.

I am afraid it is really that simple, we are no longer getting the pensions and care we have already paid for as all the money has been spent in tax cuts and dividends.

woodbine said: I think the 1.25% increase in employees and employers n.i. and share dividends is long over-due, we have to find a fairer way of funding care for the elderly. 

As far as I can see the money raised will largely go to protect the assets of wealthier pensioners, there doesn’t appear to be any extra money to directly fund care itself.