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Winger
Correct, I should have thunked about it a bit harder.Under the current system yes.
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Correct, I should have thunked about it a bit harder.Under the current system yes.
That would also equalise it. However a bit of a twats trick. So much more likely to be implemented.Surely to match with the school leaving idea it'd be when the youngest turns 66? Kids who turned 16 in September still had a year of school to get through while those in the same year with an August birthday turned 16 after leaving.
Exactly what will happen to me born on the 6 April so miss a year's pension by a dayWouldn't that mean some people would have paid 51 weeks more NI contributions than others but get the same pension.
Plus, you start getting the benefit of the system the day you are born, rather than when you start school, and it's meant to look after you in old age, which is more directly connected to....your age, surprisingly.There are so many things wrong with the welfare state that need fixing before introducing something as complex and relatively pointless as this. It's calculated based on NI contributions already which seems like a reasonable basis on which to recognise the time you have spent working in your life.
Apart from anything else, some people, for whatever reason (eg immigrants from a country with poor access to education) may not even have been to school.
No, it's presently paid 66 years after you were born. It's therefore the same for everyone, and consequently fair for everyone.
you've gave this way too much thought mateNot quite though.
Someone born at the end of the school year, works up to a year longer than someone born at the start of the school year, but for the same pension.
For example, someone born September 5th, 1990, will have left school in June 2007, aged 16 years and 9 months.
Hypothetically, if they enter the workplace that July, and work until they are 67, they will have worked from July 2007 to September 2057, a total of 50 years and 2 months.
Someone born in May of 1990 starts and finishes school at the same time, but aged 16 years and 1 month, and if they also work from July of 2007, they will be eligible for their pension in May of 2058, meaning they’ve worked for 50 years and 11 months.
That means despite entering the workforce at the same time, the September born person works 9 months fewer than the May born person, for the same pension.