It was inevitable, I suppose....
Come retirement I will basically be relying on a combination of the UK pension and Japanese pension. Hope the UK pension doesn't get any lower than it already is...!
Triple lock likely to be abolished for UK pensions
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Roger Van Zant
- Veteran
- Posts: 580
- Joined: Tue Sep 01, 2020 7:33 am
- Location: Kyushu
Triple lock likely to be abolished for UK pensions
https://www.thisismoney.co.uk/money/com ... TRAUS.html
It was inevitable, I suppose....
Come retirement I will basically be relying on a combination of the UK pension and Japanese pension. Hope the UK pension doesn't get any lower than it already is...!
It was inevitable, I suppose....
Come retirement I will basically be relying on a combination of the UK pension and Japanese pension. Hope the UK pension doesn't get any lower than it already is...!
Investments:
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
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Wales4rugbyWC23
- Veteran
- Posts: 414
- Joined: Mon Sep 16, 2019 1:30 am
- Location: Fukuoka
Re: Triple lock likely to be abolished for UK pensions
Triple lock is not affordable at all- this is what you get with a pay-as-you-go state pension scheme- you are dependent on politician's hot air pronouncements. Japanese state pension- I know worth less than the British state pension but is funded by investments.
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Beaglehound
- Veteran
- Posts: 683
- Joined: Wed Apr 10, 2019 12:21 pm
Re: Triple lock likely to be abolished for UK pensions
I wouldn’t be overly concerned about this. This year earnings have shot up massively, meaning the pension would be due to rise by something between 5 and 10% I think. In these circumstances I think it’s reasonable to scale it back. I would be pretty surprised if there was a wholesale abandonment of the triple lock, considering it was a Tory manifesto pledge and pensioners are a key voting group for the Tories.