Ripped-Off Britain

* THE ONE AND ONLY, TRUE AND ORIGINAL, 'RIPPED-OFF' WEBSITE ON THE INTERNET *

SEE THE NEW "INTRODUCE YOURSELF" THREAD: HERE - - and - - LOOK AT OUR NEW "CAR-BUYING GUIDE" SUB-FORUM: HERE

    Britain's state pension is the worst in Europe.

    Share
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 12180
    Points : 18364
    Reputation : -25
    Registration date : 2008-08-23
    Age : 73
    Location : Scotland

    Britain's state pension is the worst in Europe.

    Post by papa_umau on Mon 27 Oct 2014, 12:30 pm

    Workers in Britain face a larger financial shock in retirement than European counterparts because their state pension is "one of the least generous in Europe", a study has found.

    The state pension of 113.10 a week is worth just a third of the average salary of someone in work, the International Longevity Centre said.

    The "replacement" figure was far below the average of for the rest of Europe, where state retirement payments were worth nearly half national average earnings.

    Britain ranked 21st out of 27 countries in the list, the ILC found, giving it one of the least generous pensions in Europe.

    As a result, workers who failed to amass private savings would see their incomes drop further than European counterparts when they stopped work.

    See the full story from The Daily Telegraph HERE

    See the ILCscale here:




    I find this article, from one of the most Tory-supporting newspapers in Britain, as extremely curious.


    _________________
    Best of regards

    Papa......


    avatar
    zathrus
    Field Marshal
    Field Marshal

    Number of posts : 2545
    Points : 6087
    Reputation : 97
    Registration date : 2008-08-21

    Re: Britain's state pension is the worst in Europe.

    Post by zathrus on Thu 30 Oct 2014, 12:22 pm

    Thanks for the thread and the useful links Paps.

    It is a fact that we have always had the worst state pensions in Europe and across the world but when reports such as these keep rubbing this in they always forget to figure in our comparatively low taxes compared to many of the states that have great pensions.
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 12180
    Points : 18364
    Reputation : -25
    Registration date : 2008-08-23
    Age : 73
    Location : Scotland

    Re: Britain's state pension is the worst in Europe.

    Post by papa_umau on Fri 31 Oct 2014, 12:13 pm

    Yes, we have to consider that too before we go making comparisons.


    _________________
    Best of regards

    Papa......


    avatar
    Angie baby
    Field Marshal
    Field Marshal

    Number of posts : 2423
    Points : 6027
    Reputation : 90
    Registration date : 2008-08-30
    Location : Northern England.

    Re: Britain's state pension is the worst in Europe.

    Post by Angie baby on Sat 01 Nov 2014, 12:29 pm

    As I see it, it doesn't really matter about how high or low their taxes are as our taxes are quite high enough to be able to give our people a decent state pension, AND a living wage.

    How they work that out is up to them, but I think that they have quite enough of our money already.

    It is published that we pay around 600 billion a year in taxes to the government.

    Maybe they could address the rich-and-poor gap by taking more from the rich and then spending it where it will do the most good.
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 12180
    Points : 18364
    Reputation : -25
    Registration date : 2008-08-23
    Age : 73
    Location : Scotland

    Re: Britain's state pension is the worst in Europe.

    Post by papa_umau on Sun 09 Nov 2014, 12:29 pm

    Yes Angie, maybe they should, maybe they should.

    BUT..... I cannot ever see the Tories doing this, as they spend most of their time looking after their rich friends rather than looking after the weak and vulnerable. That is one leopard that will never change it's spots.


    _________________
    Best of regards

    Papa......



    Sponsored content

    Re: Britain's state pension is the worst in Europe.

    Post by Sponsored content


      Current date/time is Sat 19 Aug 2017, 12:40 am