OLD AGE PENSION

[OLLY]

BERNARDHOOD QUOTE/

THE OLD AGE PENSION STARTED IN 1902 AND WAS 5.0 SHILLINGS A WEEK.
NOT A LOT YOU MAY THINK AND YOU MAY ALSO THINK THAT WE (PENSIONERS) ARE MUCH BETTER OF TODAY -NOT SO, IN TO DAY'S MONEY THAT 5.0 SHILLINGS WOULD BE
ABOUT £160.
WE DO NOT GET ANYWHERE NEAR THAT FOR OUR PENSION - SO AS USUAL (OVER THE YEARS) WE HAVE BEEN RIPPED OFF BY ALL POLITICAL PARTIES.
THE ONLY DIFFERENCE IS THAT NOWADAYS - IF YOU ARE REALLY STUCK - YOU CAN POSSIBLY GET SOME EXTRA HELP.
ANY OF US PENSIONERS ANY THOUGHT'S ON THIS ONE?

PARTIES


HI BERNARD.......WAS THINKING.... WHAT WOULD THE AVERAGE WAGE BE FOR 1902........SEEMS ALOT OF PENSION THAT DOES

[june]

Hi Olly dont know much about the pension but a shuld start learning seeing as i reach 60 in May have had a letter asking do i want tp put off claiming my pension for another year whats that a bout ..hmm will have to read the booklet they sent me very carefully me thinks

[bernardhood1]

Hi Olly,
Your point on what the average wage was in 1902 ish.
might just show how nearer the average wage the first pension was
at that time - we are the lowest in Europe - with some Countries
pension a good % of the average wage

[bernardhood1]

Another point on pensions is that HOW MANY people in 1902 LIVED to draw it (THEIR PENSION)
As not many people lived to draw their pension at that time the Government paid more to the 3 (THREE) people who managed to live beyond the age of 65 * BIT SARCASTIC THAT *

[OLLY]

Mar 26, 2010 17:16:37 GMT -1 @june said:

Hi Olly dont know much about the pension but a shuld start learning seeing as i reach 60 in May have had a letter asking do i want tp put off claiming my pension for another year whats that a bout ..hmm will have to read the booklet they sent me very carefully me thinks

hiya june ...a dont reckon much to defered pensions.......get it now....well....when yeh 60..........

[june]

thanks for advice Olly ...

[jackaitch]

Mar 26, 2010 14:39:13 GMT -1 OLLY said:

BERNARDHOOD QUOTE/

THE OLD AGE PENSION STARTED IN 1902 AND WAS 5.0 SHILLINGS A WEEK.
NOT A LOT YOU MAY THINK AND YOU MAY ALSO THINK THAT WE (PENSIONERS) ARE MUCH BETTER OF TODAY -NOT SO, IN TO DAY'S MONEY THAT 5.0 SHILLINGS WOULD BE
ABOUT £160.
WE DO NOT GET ANYWHERE NEAR THAT FOR OUR PENSION - SO AS USUAL (OVER THE YEARS) WE HAVE BEEN RIPPED OFF BY ALL POLITICAL PARTIES.
THE ONLY DIFFERENCE IS THAT NOWADAYS - IF YOU ARE REALLY STUCK - YOU CAN POSSIBLY GET SOME EXTRA HELP.
ANY OF US PENSIONERS ANY THOUGHT'S ON THIS ONE?

PARTIES


HI BERNARD.......WAS THINKING.... WHAT WOULD THE AVERAGE WAGE BE FOR 1902........SEEMS ALOT OF PENSION THAT DOES

1902
Olly it could not be very much..my father earned 2pounds ten in the 1930,s...the rent 3shillings and 5pence per week...I have no idea
what food costs were...but he provided for his wife and three sons

I guess it,s the same for our generation..I left UK in 1955...a VW bug cost 995 dollars..today 18,000 dollars...When we first married
grocery shopping for the week 15-20 dollars...today 100-200 depending on how much beer and wine you purchased.
In UK petrol 10 years ago 75 pence a litre today??

[bernardhood1]

Hi June( and the good advice from OLLY.)
The deferred pension is a very tricky one and a LOT of factors come into play on it.
It's really all about when you catch up in pension payments over what you have deferred and - IMPORTANTLY - how soon you get ahead and start to gain because it does or can take quite a long time
(years even - it all depends - and that's the quandary) to catch up.
So if unfortunately anything happens to you 'THEY' have gained or if
you live to be 150 years old you have gained.
Unless you are very well 'OFF' it's not a game you want to play
So listen to OLLY the 'SAGE' of MM.
Money in your pocket is worth more than in someone else's

[OLLY]

HAHAHAHAHAHAHAH.........THATS A NEW NAME AV NOT COME ACROSS YET BERNARD.........A CAN SEE "THE OLD sau-SAGE " COMIN UP ..

[june]

thanks Bernardhood ...thanks to our sau sage too have decided to take my pension coming up soon and try and enjoy it while i can ;D