Eamonn Holmes loses patience as Gen Z moans at 'wealthy' pensioners raking in state pension
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- Опубликовано: 4 мар 2024
- Eamonn Holmes loses patience as Gen Z moans at 'wealthy' pensioners raking in state pension
#eamonnholmes #statepension
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Been paying NI contributions for 50 years, I am entitled to my pension.
And you were even ripped off with that. Only 35 years counted for your pension. The rest was lost to the Government.
@@Grizzlecock
Exactly right. I had the “good fortune” to work for a company that gave me a small company pension. The government then reduced my state pension by £80 a month. You can’t win in the U.K.
This kid hasn’t got a clue.
23 year old thinks his pension days will never come.
“Unsustainable “….. “ I don’t represent any party”……are you kidding , Tory boy. ?
Doesn't work like that.
@@paulhealey2984
If you’re talking about me, it does actually .
@@HarryHewitt-lh8xx I have transferred out my company pension and draw on it as a salary. On that, I pay tax and I bought out some gaps in my NI contributions (worked abroad for 10 years). I just gave the government £11,569 to spend on illegals.
As pensioners, we spend half our lives bailing out the likes of him.
I suspect he makes his numbers up as he goes along. Means testing would be an excellent method of encouraging people not to bother saving. I wonder if he has thought of that? Probably not.
First thing he needs to learn is how to iron a shirt!...
@@dovetonsturdee7033Why would means testing the state pension stop people from saving?
@@nodgelyobo1His room must be a tip, his mummy and daddy probably just want him out the house so they can live the rest of their life's in peace, what a free loader.
@@REX4340 Because if people who have saved during their working lives have their savings assessed, and their potential pension reduced as a result, where is the incentive to save.
Here is a definition, as you seem to need it :-
A means test is a determination of whether an individual or family is eligible for government assistance or welfare, based upon whether the individual or family possesses the means to do without that help.
Do you understand now?
The Me Me me Gen Z . I dont want to pay pensioners. Pensioners have paid all their lives for the young . Who paid for schools & hospitals & public services ? Ignorent little man
You didn't pay enough which is why they are so underfunded. Sick of whining entitled pensioners. Maybe the Eskimo have the right idea.
What about child benefit? Means test this? I've had no kids why should I pay for schools?
Were you not a child? Didn't you go to school? Children are a necessity for a countries continued growth and economy. Who would pay tax in a massively aged world? Who would pay for healthcare for the elderly? Who will look after the elderly? In your elder years, you will be benefiting from those who bore children.
So who is going to run things for you,your pension,the Emergency services, everything that you need done will be done by Educated people for you. It's not a "Life Style Choice", it's life. AI isn't going to run things for you.
@@flatmoon6359 Yes, exactly.
You are a bunch of bellends. You should pay for your own childcare. Everyone.
Good point.
I paid in for 50 years, my pension is bought and paid for. I still pay all my taxes even on my pensions! One in 4 pensioners are millionaires. Balderdash.
The reason why we have "millionaire pensioners" is because they bought a house decades ago for a few thousand pounds and now the house is worth a million. It's not their fault that house prices went crazy and they shouldn't be penalised for it.
@@rothwellaudio Well said. Money-men driving the markets. Don't forget the Government holding out their hands for anything you may have on your death.
@@rothwellaudioYES and that young twerp will expect to INHERIT money then he will complain about been taxed on the inheritance. Which are worse the Illegal Immigrants or the Stupid Twerps?
It may seem like a cheap mortgage, but wages were low, so people struggled to live just the same.
Even the Budgie laughed When he said “1 in 4 pensioners are millionaires” (Probably because he couldn’t say Balderdash. 🙄
That silly little boy, knows nothing. Probably never done a proper days work in his life.
They usually are like this until they work for a living
That's the problem with these bone idol idiots
Listen to the argument carefully. He is simply saying the current model isn’t sustainable. When he and others pay in like we have, we won’t get the same returns for the same time. Older people of which I’m one have had huge advantages is terms of economic growth, house price growth, salary growth - and we retired younger …that’s why our pensions are disproportionately good. Do any of you have a solution or simply younger people with work longer for less?
@@GD-yn7ev I don't how you feel our pensions are "disproportionately good". I accept we have had an age when salary growth, house price growth etc has been very beneficial for us. Why did that not continue? Successive governments of all parties have failed the ordinary people of this country.
Like a lot of Gen Z he probably has £40,000 of debt learning how to stack a shelf at Asda or serve coffee at Costa😂
ITS NOT A HANDOUT,WE HAVE PAID INTO THIS ALL OUR WORKING LIVES,ALL 55YEARS OF IT.
Thing is - you haven't. Nobody pays into their own state pension.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
I worked fro the age of 15 right up until my 65th birthday, paying my contributions, for all that time. I am still getting taxed on the pension that i paid for. Stop financing illegal immigrants, that should save a few quid.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you? The immigrants are actually the ones paying for your pension now but you are too ignorant to even realise that.
@@KevinSheedy10The immigrants are not paying any tax as it's illegal for them to work , until they are processed and give leave to live here and work. We are paying £6.8 million per day to house them. The Tories cut the staff in Home Office, hence the expensive backlog.
@@battybibliophile-Clare so maybe allow them to work?
@@KevinSheedy10 process them, send back the dodgy ones, and allow the rest to work, get a home and pay taxes, yes. It's perfectly legal as it is what Germany does.
@@battybibliophile-Clare I agree 100%.
Younger people can talk a lot of rubbish. I’d be interested to see how he feels inyears to come. My husband worked extremely hard all his life and died 6 months before receiving his state pension. We now have a young generation who are full of resentment and talk too much.🙄
I'm 60, my generation and above has put the country in £3 Trillion debt and increased house prices so most can't afford them. Are you sure we deserve pensions if we're rich?
@@REX4340 im 67 and have grafted all my life all i have is my state pension that i have payed for since 15 so no our generation have not caused 3 trillion of debt oh and by the way a state pension is not a benefit we have a generation now of entitled young thickos who all think there talented they need to start grafting .
@@richardshortall5987 are you rich? When you're sitting in your well heated house eating what you want, do you ever spare a thought for Pensioners living in poverty?
Well said 👏
@@REX4340politicians created that debt especially the blair years! House prices are purely supply and demand and if the pop has grown by 10 million since 2000 possibly 14 million then you get a shortage of housing.
It's not a 'handout from the state' mate! Its money we've paid in..get wise.
14 percent of your life time payments is took for pensions ,give me that back plus the interest then they can keep there state pension.
The money you paid [and much more besides] was spent instantly by politicians. Your pension is paid for by today's taxpayers. Why ?
because politicans are stupid and are generally rich from other means! Multiple jobs etc!@@stephenelkington4971
@@stephenelkington4971because one day, workers will be doing the same for you?
Spot on
Just out of nappies he knows nothing
Are you _sure_ he's out of nappies ?
Probably not as he would have to put on his big boy pants and take responsibility for himself rather than ask mummy and daddy!😂😂😂
Do his parents know he's out by himself ?
This boy doesn't know what he talking about.
Slapnut
@@daveslater309Of course he does
He is absolutely correct. The only real option for any young productive Briton is to leave this country. Leave the greedy pensioners and greedy immigrants to fight it out.
Have some sympathy! It looks like mummy & daddy have shut him in his bedroom.
@@user-xw3vi4nk2y Greedy pensioners, what are you talking about?
We have paid in 35+ years of N.I. We are owed a full and decent pension
We have like one of the worst state pensions in Europe pal 😂
@@New-ye2flYou have the triple lock, cash locked up in houses and possessions.
Its 37 now in the UK
@@martynblackburn9632
25th worse pension in the world from the 5th largest economy.
£55,000+to house one illegal immigrant whose contributed NOTHING.
£9,000 for a State pension after contributing for 50 years.
Billions going to Ukraine,and just about every other Country on the planet.
Who do you think paid for the pension pot of those who went before?
One day you'll wake up and lose a bit of your arrogance.
@@martynblackburn9632all bloody worked hard for.
If we can't afford pensions - how can we spend billions supporting illegal immigrants?
Illegals , bombs & tanks for ukraine. Billions to pay foreighn aid to countries so rich they even have a space program but pensions..... nah sorry no money.
What a twat i paid for my pension for 50 years we in the UK are one of the poorest pensions in Europe, absolutely delusional is it ok to throw money at migrants that have done nothing and will do nothing for this country ever needs a use his brain before he opens his mouth
You haven't though - you don't pay into your state pension, it doesn't work like that.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
@@KevinSheedy10
How the Government spend NI contributions and how they fund pensions is largely irrelevant. A system was implemented where the population pay a national insurance. This payment covers health, and pensions.
Other Countries have similar systems. The German population pays larger contributions and has larger payouts.
We could also save money by abolishing free healthcare , Migrant hotels, working tax credits, green initiatives, overseas aid……
@@eljay5009
NI contributions are for this very purpose….. how the government manage them is not their concern.
@@BB-kl7hz No they aren't - and never where. NI contributions have always payed other people's pension - they have never been payed towards yours.
Also - most people don't pay in anything like enough NI to cover their own state pension - so where would the shortfall come from for these people even if NI contributions did go towards your own state pension?
This guy misses the point that people who have been paying contributions towards a state pension for 40 odd years should be entitled to get the pension they have paid for.
I wonder what he would say if he paid into a private pension for 50years or so, and when the time came to retire, the pension company gave him a means test and reduced his weekly pension because he was wealthy.
The whole idea of National Insurance contributions was to pay for a state pension.The fact that NI now contributes to the overall tax take from the government isn't the fault of individuals who've paid NI contributions for forty years of their working life.I don't have children but some of my taxes have been used to pay for state education.Am i resentful of that fact? No.Children need to be educated and i'm aware tax resources need to be spent in that area of public spending.There are universal benefits and means-tested benefits.Some people might regard a pension as a benefit....i don't.There is a social contract between government and tax payers that pensions should be honoured and guaranteed because that is what governments have promised in the past.Means-testing for something that you've already paid for is not going to go down well with those who are not far off retirement age.Many public sector workers retire at 55 or 60 with their public sector pensions,well ahead of many people in the private sector.Should that anomoly be looked at? Their are many unfairnesses and perceived disadvantages when pensions are discussed in the round,but it will be a disgraceful day for our parliamentary democracy if politicians go down the road of means testing the state pension.
@@adrianlloyd6403I'd be quite happy for them to means test the state pension as long as it was against what you put in. For a high earner, who has paid a large amount in through their life, they should have a higher baseline. For someone who has been on the lowest tax bracket as a low earner, their baseline will be much lower.
You work hard for a long time for your pension. It's NOT a benefit. It's your money that the government holds in trust for you to receive in retirement.
This little shit has got some serious growing to do if he thinks people will accept someone like him clawing at their pensions
Jack mentions the poorer people who collect their state pension for a shorter period of time than richer people, as they have lower life expectancy, completely ignoring the fact that the richer people are likely to have paid more in to the system over their lifetime than a poorer person.
Using Jack's philosophy, when people do their supermarket (or any other) shopping, the cashier should ask the customer how rich they are, then charge the richer people more for the same goods!
It's a fact of life that whatever someone does to try to make things 'fair', there will ALWAYS be some people who are better off than others. Perhaps he should consider the fact that he's wearing a smart shirt and earbuds, sitting on a chair in a room with electricity and an internet connection, while there are other people throughout the world without homes, electricity, clean clothing or sufficient food. Does he think that's fair?
@@kwilson5832 Does he think it's fair for people who have never paid a penny into the system i.e. serial benefit scroungers, should get a pension or whatever they can claim. All these Illegal immigrants are costing the Country £14 million a day . Does he think that's fair. Because that's where the money is going. Less people in the country working and paying into the system.
All I know is that I worked my backside off for 51 years and deserve every penny in pension I receive.
Yes you do
Spot on
Most working people are not net tax payers - regardless of how hard they work. By the end of most people's life - they have taken more out of the system than they ever paid in.
@@eljay5009 yes and they keep importing more
every penny and there is not a lot of pennies
We need to stop calling them generation x and start calling them generation U as in GENERATION USELESS.
How hilarious
I’m still working now at 66 yrs old because half bloody Gen z don’t work never been out of a job paid my taxes this lot are a disgrace and so bloody selfish
Did he seriously say 1 in 4 pensioners are millionairs 😂😂😂😂😂😂😂😂 what a wally
Yes he did say it, I'm going to speak to my three friends and find out which one it is....
He should of said that 1 in 4 millionairs are pensioners,
Hey ! 😅😅
Maybe if you total up the entire value of pension pots, house values, savings etc etc etc. This fetus clearly doesn't understand that isn't quite the same as having a million in your back pocket.
Doesn't matter if they are good luck to them , they have worked hard all their lives for it !
INSTEAD OF PICKING ON PENSIONERS START WITH THE GREAT UNWASHED WHO WONT GET OUT OF BED AND WORK 'EVERYTHING I HAVE I HAVE I HAVE WORKED FOR
Facts.
or the illegal migrants put up in 5 star hotels
Thank you Eamon for standing up for the truth and right standing.
I left school at 16 ,and worked continually until I retired , so my national insurance contributions, pay my state pension. The basic state pension is appalling. Instead of penalizing pensioners ,stop spending millions on hotels for migrants and assorted other waste ,once that is sorted ,perhaps pensioners would not be an easy target
That's what budgets are for. NI Only pays for pensions. There are many other budgets to cater for our interlopers.
They don't though. Your NI payments paid for the state pension of your parents and grandparents generation - they don't pay for your state pension.
Sorry that's quite incorrect. Your NIC does not pay your pension. They pay for pensioner when you worked. Then younger workers pay for you when you retire. Immigrants hotel are total irrelevant to this system
Im a pensioner worked all my life and paid taxes etc, im certainly not wealthy
Hes going to be old one day
Have you not got a house with a drive next to it. A car? How many holidays a year do you get to have?
@@martynblackburn9632
Who do you think paid for your schooling?
Who paid for your NHS treatment,or a dentist?
The only thing outstanding about you appears to be your complete ignorance.
@@martynblackburn9632 If you imagine for one moment that the wages of yesterday are the equivalent of todays .....then you have no idea! Everthing is relevant. People struggled to buy their homes, they worked hard in factories and the like, relying on overtime to make sure they had a roof over the families head. My Dad worked on the railway, walking the tracks to check out the rails. My mum had 2 cleaning jobs and a full time job. I cant begin to understand how hard that was. Pensioners are easy targets, they have paid their dues. We all age, none of us are Peter Pan, your time will come. Work hard for the future......your old age depends on it!
@@martynblackburn9632What is wrong with you? If you work hard, why shouldn't you have these things? Where does your hate come from?
@@martynblackburn9632cry cry cry
Another young un thinking hes knows it all!!! Do your homework !!
He's been to 'Uni' he knows better than everyone else.
@@mrr7486 He should certainly know about debt then!
Well - he does know that state pension is unfunded, and there is no state pension pot that your NI payments are payed or invested into - unlike many in this comments section.
These kids should be working twice as hard as they do . This generation is idle .
How about telling rich people now, not to bother paying their pension pot because down the road the government will stop you from recieveing it.
This is soooooooooo damn true and sooooooo unfair. For e johnston1984
Another stupid pratt demonizing pensioners.
I have paid into the state pension all my life & to say that I am not entitled to my meagre pension is ignorance.
Not your state pension though. Your NI payments were paying for the state pension of your parents and grandparents generations.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
The UK PENSION
Is the lowest in europe
Europeans get averagely £400 per week
Isn't that a good thing that the silver haired are living within their means then? A true Conservative value.
@@martynblackburn9632
Not when zzzlennnskkiiisss remain caused 20% inflation and food and fuel to triple🤭
Martyn you will get old one day, I for one hope you don't.@@martynblackburn9632
@@martynblackburn9632
When i was 16 i thought i knew it all as well,just like you.
Then i grew up and realised how stupid i must have seemed.
Let's hope you're intelligent enough to recognise your own ignorance.
@@martynblackburn9632 :grins: Sadly, the only way to live within the means provided by the State Pension is not to live. I think that it is at about £10600 presently? Good luck living within that.
Having realised that the Pension was definitely not going to be enough to live on when I retire is precisely why I am pouring so much effort into boosting an alternative! It's not easy as I am not one of the wealthy but I am making progress.
I had not paid much mind to personal pensions as I had rather assumed that the default set-up of the company scheme would be designed to be enough - turns out that was the dumbest thought I have had in decades :lol: The company pension 'pot' sits at a bout a fifth of what it need to be. I won't be able to fully prepare before retirement comes knocking but hopefully I'll assemble enough to keep the wheels on.
As a pensioner I would like to say I started work just after I reached fifteen and my tax all those years paid for his health, dentistry, his education I did not want to pay for this but I did not complain.Kids like him drive me to distraction,obviously the money spent on his education was wasted.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
Instead of protesting against at the wealth of pensioners, he should go campaigning to get his generation into work and off benefits.
This BOY knows nothing !
Just like you at his age
What about pensioners who are watching their taxes going to support immigration?? Makes us feel sick as parrots. As soon as I was widowed, and inherited part of my husbands pension, they started taking income tax.
And it is mainly the young who support the uncontrolled immigration
From me too. Now 77 years old and STILL paying tax!
what about the immigrations who helped build this country? what about the immigrations who opened bisnesses in uk and opened jobs?
then she would have said illegal migrants@@Madie839
@@grahamdrew1069that’s the way the worlds going, adapt or die, sadly the dinosaurs in the U.K. have chosen the latter.
The young are so spiteful now
Ahhh !!
You poor little thing
Pensions are not ‘state handouts’. They have been earned via the taxes the pensioners paid during their working lives. Pensions must NOT be means tested. That is communism. The wealth of pensioners has no bearing on their earned entitlement.
Your NIC contributions paid for the pensions of people who were already retired. At the time the demographics meant that there were far more working people paying pensions of relatively few retired people and for a short period due to life expectancy changes. We now have a situation were our demographic is aging so we have fewer workers paying the pensions of lots of people who may be retired for 20/25 years. That is a massive transfer for wealth. The younger generation are being massively screwed over.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
@@KevinSheedy10 get the kids to work
@@magnus9701 They do but you boomers are living too long and didn't pay enough into the system for that. You are all literally living beyond your contributions.
@@KevinSheedy10 i paid interest at 15percent on my £55,000 mortgage in the 70s 80s plus my income tax and NI i was skint at end of month , income tax in the 70s 33 percent
Silly boy Pike. 1 in 4 pensioners are millionaires....utter rubbish! It is also NOT a handout.
Lefty self entitled looney 🤬
Our state pension is one of the lowest in Europe 😭
As are other welfare benefits in the UK, but "We've never had it so good" and young people are "Lazy and entitled" says Liz Truss and Tories.
And it's getting lower after the Government has taken its Taxes out !..
One of the prime reasons for that is Clem Attlee initiated the State Pension when the whole country didn’t have a pot to p-ss in,so the inevitable result was that we’ve been robbing Peter to pay Paul ever since! If the National Insurance payments had been pooled for a year or two,or,alternatively,the pension had been started at a low level,and gradually increased as the pot filled,so to speak,then we would not be facing the issues that we have today. I don’t really want to raise the ugly head of politics,but Attlee was a Socialist, and that party seems to have a history of spending money that they/we can’t afford!
I bet this little Richard the 3rd hasn't paid a single penny in taxation and still lives with his mummy
I wonder what Jack does for a living, I worked as a unskilled person for over fifty years worked long hours over sixty hours most weeks to bring up a family and was told my national insurance was taken in part to pay for my pension when I retired , now because I also have a small private pension I'm having to still pay tax. The youngster's to day have no idea , the reason this country is in such a state is because both Labour and the Tories have for the last twenty five years or so ran this country into the ground while they and their mates have got very rich it has nothing to do with the pensioners of this country. I wonder how often have you had blisters on your hands through hard work?
As a reasonable earning individual, who has paid the highest tax rates most of my working life, Im looking forward to receiving my well earned pension. Im sick of lazy entitled non achievers who think the country owes them a living simply because they exist.
You are absolutely right 👍
well said and true .
I feel the same as you, worked since the age of 15, given up on fun things to save and ‘do the right thing’. Yet apparently because I have questioned that those who never work shouldn’t have the same standard of lifestyle as those that do, because of that I am apparently the problem of society today???
@@lewismacdonald1516 I to worked from my young teens (13) and gave up work at 54 to live off my work pension ,while I worked 12 hour shifts and overtime to get where I am (and paid 40% tax)I had mates that never worked-they used to say " how can you not play guitar" etc because they had all day to sit and practice. Now I am "lucky to be retired!" thats what i get from folk !!!
Exactly
How dare he come on and say what the pensioners should have!! We have ALREADY paid in for our pension and in actual fact have never received what we SHOULD have had!! Wonder what his parents think?
He can ask them when he goes home to their basement after the show .
We have ALREADY paid in for our pension, sadly you couldn't be more wrong everyone working currently isn't working to pay their own pension you are paying for the last generation's pension (ie) your mum & dads and grandparents if there still alive and you're kids will be working to pay your pension but the sad thing is britain along with america is screwed and nobody's is ready for what's coming down the line and there's no pot of gold at the end of it
This is because the Labour government prior to Thatcher took the national insurance pension pot and spent it (and hence used current N I to pay for current pensions). This doesn't change the spirit of the NI contract that your contributions f under your "state" pension (hence the qualifying years requirement).
You are entirely missing the point. The whole system is unsustainable for future generations. Just because you are OK doesn't mean younger folk should not be concerned about where their pensions are coming from.
@@alicydonmeld8363They don't even understand, that the older people have paid for they're education and NHS and Dental treatment.
we have worked for it, what has he done?
1 in 4 pensioners is a millionaire - what Rubbish!
He`s done his research,Jen
1 in 4 pensioners are millionaires? Since when.
I think he means they have at least 1,000,000 penny's a year.
VOTE FOR REFORM UK IN YOUR MILLIONS
😂😂😂
Are there millions among the far right?
Agreed 💯
Yup
Why? They said that there were 30,000 postal voters in Rochdale. There were only 32,000 voters in total. Lying doesn't become them!
This young man and other young ones like him seem to think they are the first generation to pay taxes to help fund pensions. They are not but they are certainly the first generation to be so vocal in complaining about it.
that young chap is a clown hahahaha
Pension is not a hand out it what we have worked for
Your NI contributions are not invested in your own state pension fund.
The young guy needs to remember who paid for his upbringing - his medical care, his schooling and his child benefit. Citizens who work pay for children to be brought up until they begin work, and then in turn pay for the new generations and the old people when they retire. I will tell you how to raise the money to pay for social security - RAISE WAGES FOR THE POOR!
Probably supported by Mummy and Daddy?
@@robertadams1054
Probably still living in their basement.
Net tax payers paid for that. Most workers are not net tax payers.
I can't take my eyes of that filthy light switch. Maybe he's waiting for his mum to come to clean up after him.
Pensioners get around 790 a month after paying in for 35 + years. I t is subject to tax if you earn a little over this if you continue working and the tax allowance eats your pension up completely
Even pensioners pay tax all there lives who have saved for the day they retired
And continue paying tax until they pass away.
Vat, council, etc.
then still get taxed on it
I get 20% of my private pension took in tax .
And if you've I've 350.000i think that'll be taxed as well. So taxed even once you're gone.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
What a load of rubbish he’s spouting.
I also spent most of my working life doing voluntary work on top of my job, i worked 12 hours a day, through my lunch hour and never claimed any overtime or lieu time. I loved my job. I never moaned about the older generation. You are just a waste of space who doesnt know the tine of day
Sonny, at 66 I have just this month received my state pension. I have paid 45 years of NI contributions. Whilst I no longer pay that particular tax, I still pay income tax, VAT and council tax. I have earned my state pension.
A lot of the young people like this man has not long come out of the education system with bias opinions. I started working at 15 and stopped at 65, that’s 50 years without a break fully employed and when I was this man’s age as well as long hours on the normal working week I (along with my wife) worked weekends doing all sorts to earn money for a deposit on our house, so I object to the carefree many him and those like him seem to think we are a drain on the resources.
My parents started work at 14. Maybe if he had started work at 14 he might be able to afford a house now!
I've worked well over 40 years been a carer whilst holding a job in factory night shifts have ñothing out the system people like him make me sick
‘One in four pensioners are millionaires’. What planet is that kid on?
Actually he could well be right. You don't need to own much of a house in the south east or London [especially] to have a home worth a million.
I’m 36 and will have a million within my DC pension by 60, if the global markets continue to grown at 7% to 10% a year.
@@williamflinn8606 Gamblers never win, unless they are stinking rich with insider knowledge. Your money will end up in someone else’s bank account 😂
Some imaginary,non gender place etc.Shit it's the UK!!!
Asset millionaires.22/27%. Google it.
Who dragged him out of his university bedroom. Forty to 50 years a pensioner has paid taxes etc for their retirement. Who’s subsidised him to earn his degree that makes him think he knows everything at the age of 23.
Having paid into the government coffers for more than 50 years, am I not entitled to the pension, having reached the retirement age.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
@@KevinSheedy10 I take it from your childish analogy that you are in the early days, if at all, of pension consideration. Having paid into the government scheme from 15 years to 65 and an additional 11% of my income from 35 years of age, I am willing to bet a pound to a pinch of
(What you are talking) that you will never put in an equivalent contribution. Find the facts before you bleat on.
@@stephenbull8962 My friend, I am a 45 year old partner in one of the largest law firms in the world. The amount of tax I have paid would make your eyes water. I have no need for a state pension but I do understand how it works which you clearly don't. You just resort to childish insults like the gammon that you undoubtedly are. At least make an effort to understand the argument someone else is making rather than just dismissing it.
I worked as a teenager, paid my self through college then to a full time nursing career whilst bringing up my family and looking after my ageing parents, not easy ! 6:43 Have paid taxes all my working life for over 40yrs, I just want what I'm owed. Silly self entitled young man doesnt have a clue.
same here... i worked full time while I studied. We struggled to huy a house even with 2 incomes even back in the late 80's and when we had children I had to continue working full time and paid my mum to cover childcare then when she had to stop due to age we worked different days so had barely any time together. I then had to juggle children and work to help care for my in laws and then my parents. We have paid in far more then the meagre pension will pay on top of the fact that i was due to retire at 60 but now it is 67 by which time my hubbie will ge 78 so not much retirement for us. Pensioners are neither greedy nor entitled but do deserve to have a bit of dignity in their last years. Stop giving it to ukraine and all the illegals then we would have enough to help our own.
Same here
Did you work in the public sector?
You won’t get better than an NHS pension. I took my superannuation out to put in a private pension. After 25yrs it was worth less than £20k. I was advised to write to the ombudsman for mis-selling and was awarded a further £22k to make the pot up to what it would have earned had it stayed where it was.
What i wouldlike to know is why any Foreigner who comes here (for whatever reason) can bring Elderly relatives with them and then receive Free Healthcare and Free Money without ever contributing a penny.
You will NEVER receive an answer to that point other that they are fleeing from warn torn countries and have nothing. Similarly you will never get an answer to the question at what point is the country full thorough immigration. 745000 LAST YEAR...
Because neoliberals are DDOSing the social welfare state for profit
Got my first part time job at the age of 12,had 5 part time jobs at the age 13, pride in earning my own money. From the age of 16 i've worked full time always worked 6 days a week,sometimes 7 days a week ,all the overtime on offer. I,m 59 so when this pathetic generation have worked as hard as my generation then they have the right to their opinions,until then shut up and get working instead of whinging. Boohoohoo its not fair... pathetic!
This young lad has no clue.
The more you earn the more you pay - so rich people have paid in far more than poor people or those who haven’t worked at all.
single people with no kids pay for other peoples kids with nh stamp
and get taxed more than a married man ..
And their losses are way bigger too. Mr Average has lost over 2 million because of the welfare state. Today's value of money.
In part the Gen Z is correct. The state has dumped the debt on him. But he's wrong. It's not the pensioners, its socialists in government and the welfare state that have created the mess.
I will be perfectly happy to rescind my future pension so long as the government refunds all my NI contributions for the last 40 years along with an appropriate retro applied compound interest.
Then you will be a Millionaire? Just think that it will force a 15% rise in Income Tax to pay for it which will come off your pension. We have to remember many people were PROMISED that they would receive their State Pension at an earlier date. Life Expectancy has STOPPED RISING so there is NO Justification for raising retirement age anymore. The Basic Problem is the Government has to raise Income Tax to balance the books but they all Kick the problem down the road and now the can has hit a brick wall. Doesn't help have a failure as Chancellor and a useless PM.
My mum said that to HMCR cos they only pay her 80% of her pension. They lost years of her contributions when they changed over to digital....and they won't back down.
She charged them with obtaining goods and services by deception..they asked for her payslips from the 1970' s😂😂😂
Your NI payments have already been spent paying for the state pension of your parents and grandparents.
I paid in for 50 years and still are paying tax on a private pension , I went without that pension money while other colleagues took home more than me who did not. But they can claim numerous benefits which are not available to me. Who was the fool.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
As a pensioner! who worked all his life , from aged 15 till retirement age , and paid taxes , which helped to build schools and educate our children ! I am sad that our efforts to educate this idiot were a failure , wonder does he think that his own grandparents are unworthy of the pensions that they receive ! If so , I’m sure he will tell them !! ( or maybe not methinks!! )
He sounds very middle class himself.
1 in 4 Pensioners are Millionaires! The boy's a complete fool. Richer Pensioners DO get less Pension, as they have to pay TAX on their Pension, why doesn't Eammon put him right?
Good response👍
State pension is not taxed, private pensions and Army pensions are taxed
Perhaps because, as Napoleon expressed it 'Never interrupt your enemy when he is making a mistake?'
The response by the panel to the idiot is pathetic. Why not point out they have worked 40 plus years for their life.
The personal tax threshold limit is £12,570.00pa, any pension or other income above is taxable.
Jack hasn’t got a clue….complete plank.
They never say stop the Politicians pay raise or fine them if their policies don’t work or they do not come through with their policies. Even stop the politicians claiming all they do.
That young is talking out of his Ar*e
He needs to get a job
He will be pension age
One day
He might wake up then out of his little bubble
OK Boomer!
Unfortunately for him.. He wasn't built to last that long.
@@martynblackburn9632I think the young should start to put as much money as they can into a private pension, people like this kid will have the state pension stopped, so if you ever want to retire before you drop dead get saving.😂
@@martynblackburn9632 OK Failure!
Pensioners worked their entire lives and they paid taxes to your child benefits and your free education. 😂😂😂 also pensioners are not rich, many are struggling to pay their bills. I’m struggling as well but I never ever blamed the pensioners. Without them, we wouldn’t exist.
Hit the road Jack.
Absolutely disgusted with this young man, it is not a hand out, we've paid our working lives, into the state, so it can be secured for our retirement. It's not rocket science. He is suggesting theft of our money by the government ..I am in disbelief regarding his seriousness on this matter. Selfish little wotsit he is. To be so disrespectful to a whole generation of seniors..we earned our pension...to say I'm angry is an understatement.
Don't you just love how the youngsters have all the answers based on their vast lived experience.🤣
Not educated, but indoctrinated.
@@davidboult4143 True, our entire education system has been taken over by the left and rendered democracy utterly impotent.
You don’t understand how the pension system works. You think of it as being like a meal that you have paid for for yourself and that someone is now trying to take away from you. In actual fact, to use a restaurant analogy, the way it works is that every group of diners at a table has to pay for the meal that the previous diners at the same table ate, so your meal is actually being paid for by the people who are eating after you. That might all be fine if each group of diners is the same size and everyone eats the same meal. But what has actually happened is that the first group of diners were a table of 4 and had one course, your group (which consists of 8 diners) then paid their relatively small bill and split it 8 ways, your group of 8 then had a 3 course meal followed by port, your be try large bill is too be paid by the next group of diners which is only another 4 and have been told the kitchen is closing and can only serving salads. Would that seem like a fair arrangement to you?
My wife and I worked long hours in factories for our miserly pension.We had no I phones , games consoles and internet given to us.
Yet again, someone that wants to penalise someone that's worked hard to have a comfortable retirement.
The pension is means tested …it’s called tax…pensions are NOT TAX FREE
Try working .....it might save you...
Total ignorance… doesn’t have a clue… he will change his opinion when he’s old enough to understand what today’s pensioners have done for him and the younger generation.. my dear mum retired on 31st May from aged 64 - she died suddenly 2 days later from a stroke on 2nd June - didn’t get to receive any of her state or private pension.
I agree. So sorry to hear of your mum. That's just so unfair.
@@mussie302 thanks 🙏
Sorry for the passing of you mum, but there are various private pension options available, most allow the option of transferring pension pots to decendents in the event of passing, you mum must have purchased the pension that didn’t, it’s an unfortunate situation that most people in the UK, including myself have very little understanding of pensions.
@@johnwhite2293 thanks John, mum was born in 1935….. there weren’t many pension options ( if any) available in her early working life in 1950s / 60s / 70s. And nobody could really prepare for a sudden early death. My dad is now in a care home with advanced dementia, we have just about used up all of his life savings at £4,400 per month and now the house has to go.
@@mussie302 Life's not fair.
'Silly little boy' indeed.
That State pension that is the worst in Europe by a considerable amount
He thinks "one in four pensioners are millionaires". He hasn't a clue. He seems like the type that will inherit what his grand parents and parents have struggled to put into bricks and mortar. He will do little for that and moan about past generations whilst he splashes their cash. The really sad thing is there are so many like him.
Is it fair that people who don't work and live on benefits can get twice as much as a pensioner who most probaly worked all their lives.
This is why Parliament doesn't work any more. We've got young people in Parliament who are wet behind the ears, their career politicians who have never done a proper job and have no life experience telling us what we pensioners should be doing. We worked hard for our pensions which are incidentally the lowest in Europe. You've created the mess were in not older people and now you don't like it.
1 in 4 pensioners are millionaires. Ha ha I haven’t come across any yet.
Look forward to seeing Jack in 2074 😂
The left don't life that long.
He'll be called Jane and do himself in in 2042
😂😂😂 he won't get his pension then...it will be much later
After his "career" of being a political commentator. 🙄 🤧
He's grown a moustache to hide the fact that he's only 14 and never paid tax in his life.
@@johnowen1677 🤣
silly boy.. grew up in a generation that believes in their rights without respect to responsibilities. I'm sure he didn't object to the oldies paying taxes for his education. Also you don't penalise the citizens in their dotage, pressure should be applied on the billionaires to pay adequate tax, have the government be accountable for spending. The nation has the money.. the question is.. where is it? whose holding it?
Imagine having a son like him
Our politician's stole our pensions but if the government want to give me back the money we paid into the system I am ok with that.
A benefit apparently. Who's ever heard of a benefit that you need to pay for in order to get it for 35 years ?
Did he just say 1 in 4 pensioners are millionaires...blimey can't wait to retire then, 1 in 4 chance!
What a load of cobblers!
With my luck I'll be one of the 3😀😃😄😃😆🤣
He probably mixes in circles where all the pensioners are millionaires, i wondered if he was a Nottingham Uni student, in which case that says it all. My daughter was a student there a lot come from some very rich entitled homes , no clue on real life
So between you, me and my brother and sister one of us will be a millionaire. I've bought a lottery ticket just in case it's not me!
So the logic here is that you can spend your working life contributing towards your pension but when it comes to claim it, it will be means tested and you won't get as much as a person who hasn't worked, couldn't be asked to save any money and didn't bother to take out a private pension of their own. Yes they have raised the pension age but that doesn't mean you can't retire on your private pension and get your state pension later. This BOY needs to work for 50 years and then moan about being comfortable in old age. Perhaps he might be better employed looking at all the scroungers and foreigners that haven't put a penny into the system that are receiving handouts and benefits, That's where most of the tax payers money is going, not to pensioners that have paid into the system for years.
Presumably he also thinks child benefit should be means tested?
My 47 yrs if paying NI pays my state pension, its not a handout its an entitlement 😮 6:43
Rich pensioners have probably put in more tax over the years than poor pensioners and pay tax on the pensions they receive.
But we need that money to pay for all the unemployed people from the third world that the conservatives want to bring over
Exactly, well said, their taxes contribute to keeping the economy afloat throughout their lives 👏
Another young know it all, fresh out of Uni telling people how their lives should be financed and run. Such extremists shouldn't be given air time or be heard.
Think he is still in Uni
Yes, another idiot trying to get a degree in plastic sandals or some other useless qualification, rather than getting out there and working, paying his taxes and contributing something useful to society and his OWN future pension.
As a little boy,my Grandfather would,from time to time,say to me-" Little boys should be seen and not heard". That should apply to this young numpty!
Who paid for their pensions all their lives? We did!
I have paid full NI for 41 years and won’t get the state pension until I am 67 which is in another 8 years when I’ll have paid in 49 years. I’m not relying on it, as I have a work pension and some savings, both will be modest, but I’m dam well due it.
Thank you. Good to hear there are right thinking people out there