Quote:
Originally Posted by SPUGGIE J
Must admit trying to get my head around the rules regs etc concerning pensions and benifits gave me a napper rapper.
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Me too Spuggie, that's why I am asking.
Gone into those websites, still don't get it. Has 60 blooming pages for heaven's sake !
I appear to be drawing more than some of my friends .. shows basic plus 2 additional .. and the graduated pension .. tee hee £1.10 extra per month.
Was paying a higher rate of contribution for a long while, but did have a ceiling, so the answer to Neil's question is ... you do get more if you have paid more ... I think ..
Although don't quite think this was quite the question. Looks like there is the issue of how many years you have worked, and also the amount ... if you had been a high earner for 20 years, suppose the higher contribution you had paid could well balance this out for someone paying a lower contribution for 40 years.
Suppose you can turn it around and ask why people who are high earners have to pay more?
Oh hek, 'ain't got a clue really ... somebody on here must have worked for the pension's people.