Author Topic: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP  (Read 12814 times)

Phil

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #15 on: May 14, 2014, 10:14:05 PM »
The main gainers will be people who have been self employed most of their life or people who have taken time off to bring up children or have been carers and don't have enough NI or credits.
 

So the main gainers will be those with a poor contributions record.

Well no changes there then since that's always been the case.
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Billopp

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #16 on: May 27, 2014, 09:27:41 AM »
Hi,
"
You should all have a look at the article that appeared in money mail/ This is Money 21 May 2014 with the title "Revealed; Why millions won't get the £155 new state pension they are expecting." The article also has information about GMP increases no longer being paid by the DWP as I have mentioned before.

xetog

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #17 on: May 28, 2014, 09:04:53 AM »
I wrote a piece on this some time ago, although not as well informed as this thread, I pointed out the basics.  I also pointed out that those of us who were contracted out and received incremental increases on that part from our ex-employers were unlikely to receive that increase in future because the government have removed the requirement from employers to do so.


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avalonmpk2

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #18 on: May 28, 2014, 10:34:16 AM »
It's the old storey, if you want something save for it and do it yourself. Having done so, some lazy little oiks who failed to make even a modest provision for them selves, preferring to spend in pub, bingo hall, fast junk food van, drug den etc. will persuade some self seeking politician, to give to said oiks what is in fact yours. The less you stand on your own feet the better off you will be, as only mugs pay their dues. Socialism don't save you can always steal from your hardworking prudent neighbour!
Question why does it always seem prudent to give fat lazy layabouts handouts circa £25,000? Answer you can always find a way of taking money away from DESERVING pensioners who only get circa £7,000. Three and a half times the amount for sitting ones backside doing nothing!
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Phil

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #19 on: May 28, 2014, 12:02:19 PM »
It's the old storey, if you want something save for it and do it yourself. Having done so, some lazy little oiks who failed to make even a modest provision for them selves, preferring to spend in pub, bingo hall, fast junk food van, drug den etc. will persuade some self seeking politician, to give to said oiks what is in fact yours. The less you stand on your own feet the better off you will be, as only mugs pay their dues. Socialism don't save you can always steal from your hardworking prudent neighbour!
Question why does it always seem prudent to give fat lazy layabouts handouts circa £25,000? Answer you can always find a way of taking money away from DESERVING pensioners who only get circa £7,000. Three and a half times the amount for sitting ones backside doing nothing!










"I've stopped arguing with idiots. They will only bring me down to their level and beat me with experience.”

Paraphrased from George Carlin

cheddar-caveman

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #20 on: May 28, 2014, 01:26:44 PM »
My my Phil, you're going mad now, but fun isn't it!


Well said avalonmpk2!
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Phil

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Re: Ceasing of increases on Guaranteed Minimum Pension (GMP) paid by DWP
« Reply #21 on: May 28, 2014, 01:45:29 PM »
"I've stopped arguing with idiots. They will only bring me down to their level and beat me with experience.”

Paraphrased from George Carlin