Theyll have a way to explain it no doubt but it still just feels intrinsically wrong , those years of work and deduction bringing me "unearned income " .Might be to do with the technicality your pension isn’t funded by your NI contributions. Your contributions went to people who were claiming when you were working.
Your pension is coming from those who are paying NI now. It isn’t a pension pot that you build up like other pensions. It’s a benefit funded by tax payers.
Or it might be because you’re not actually grafting for it.
I can wear it on occupational pension and certainly if i had elective private pension as investment but the state one just rankles a lot .
Its not counted on benefits which are also NI funded