Monday, October 25, 2010

Pension again

The Guardian editorial explains that the proposed change to pensions entitlement actually scraps the state second pension, and raises the basic pension reducing the need for, not abolishing, means testing. It says the Daily Mail suggested wrongly that the pension would be granted to anyone who'd lived in the UK for a certain period of time, conveniently forgetting that the piece in Monday's Guardian did the same thing, or at least that's the meaning I'd give to the words "the new system would be based on residency".

So it seems my voluntary contributions were not pointless after all.

No comments: