I have just reached 65 and now get my state pension. Do I have to tell my IP?
Times are always hard, however I feel that having now reached 65 I should be entitled to some little comforts that this small amount of extra cash will bring in.
At least you are retiring now at 65,the rest of the baby boomers will be busting their chops till 70s....with higher taxes,lower pensions, depleted environment of plenty(will ther be any fish left)....there are HARDER TIMES AHEAD and I am no Nostradamus to tell you that.
Private pensions are been destroyed in value....public sector and emergency service like police are still using the same excuse that they are not dependent on the public for pensions shortfall??? Government and Police budgets are tax payers money, it ain't the shareholders!
Forget what mega banks are making...they are socially useless ...UK and US governemnts that service the common man are insolvent! They need a DRO....we are it..bearing that brunt of their debt.
You lucky you retiring....good luck!
Last edited by timeforchange on Fri Aug 28, 2009 3:05 pm, edited 1 time in total.
Well,I tell it as it is Skippy,no spin, no lie, the truth. If you think the world will get richer in time..I agree...then you need to a place call China not UK or America.
You are in an IVA?, you know debts of all kinds have to be repaid and untill then no big spending...well how is the government debt going to be paid while it is still borrowing?? AndWe pay for it. This time next year there will be more taxes and less disposal income.If I am wrong you can del my account on these pages.Not long now.....
You see people have IVA,DRO,DMP and Bankruptcy to clear the slate and start fresh....governments worldwide cannot have debt written off...it would be credit cruch number 3 if they[countries] refuse to pay! So the debt problem goes on and on....like in America, but they say....lets print more money! Now why didn't I think of that and print my way out of my business IVA.Am I stupid??
Last edited by timeforchange on Fri Aug 28, 2009 3:22 pm, edited 1 time in total.
That's fair enough, but your post didn't actually answer the original poster's question. There's a time and a place for the hard facts and it's not always when someone is asking for help.
BTW I'm not in an IVA, I've been bankrupt.
Last edited by Skippy on Fri Aug 28, 2009 3:29 pm, edited 1 time in total.
Hi
Timeforchange please only post if you are going to answer a specific question or make a valid observation.
You raise some interesting points but I am not sure if this is the right forum for them
Regards
Philip. You will have to tell your IP but you could defer your pension and have a greater entitlement at a later stage. There is also the fact that you will no longer be liable to National Insurance so your net pay will increase. You will have to at least discuss this with your IP.
The forum is about IVA question and issues,that comment from TFC sounds deep,and its Friday...have a few cocktails and forget it.You sound like you obsessed with debt or something??
It ain't that bad is it?? But I'll love to go to China.
