Keith Bibby wrote:80 % of benefits are pensions
.........Funded mainly by contributions from the recipients when they were gainfully employed. This money, like now, was not invested but used in the pot along with the other taxes and NI contributions, thus the payouts now become a contentious issue for the ill informed.
Those of us who made additional arrangements by contributing to Company pension schemes are now paying income tax, in our retirement, to fund the benefits for others.
What point were you making KB?
