That doesn’t exactly discuss the BNP pensions policy. Have you ever considered how

Comment on BNP Policies : BNP Pensioners Policy by David.

That doesn’t exactly discuss the BNP pensions policy.

Have you ever considered how much money the average British person pays in taxes in their life time and then compared it to what a retired person gets after the age of 60/65?

I’ve thought about it, but have not got enough information to do serious statistical analysis. Even so lets do some very basic maths, lets say I earn £400 a week and lets say 50% goes to the government in various taxes (including hidden taxes). Lets assume I’ve worked 40 years at that rate before I retire.

Some of that money will go to things I’ve used, (so can’t realistically expect it back, I used the services) NHS, schools for my children, roads built, police to protect me etc… and some will go to pay for things I don’t use or agree with, but that’s life in a democracy.

Lets imagine of that £200 a week that’s taken half is ‘saved’ for my old age (£100 a week). Saved in the sense it goes to retired people now and when I’m old other younger working people will pay towards my retirement.

So I hit 65 and retire, I’m no longer paying significant taxes. How long will my £100 a week for 40 years (about £200,000) last me?

I don’t know the answer to that question, (would love to know the answer with better figures?) but I can see it’s not going to last very long, certainly not until I reach 85 years of age (more and more people are living longer).

Currently 15% of the UK are of retirement age, by 2033 it’s estimated 5% of our population will be 85 years of age or older.

5% of our population will have been receiving retirement related financial help for at least 20 years (since women survive longer than men it’s really more than 20 years).

I can not see how even paying taxes for your entire life can pay for 20+ years of retirement unless you had a high paid job and paid a LOT of taxes.

So how on Earth can we afford to pay pensioners even more?

BTW I think we should treat old people with respect and try to give them a good life at retirement age, my point is it’s clear as our population ages we can not afford to give them more. Most likly what will happen is they will as a group recieve less and less, which is going to be a problem.

David