Apr 20th, 2024, 11:09am  
  Welcome, Guest. Please Login
 YaBB - Yet another Bulletin Board
  To join this Forum send an email with this exact subject line REQUEST MEMBERSHIP to bbcstaff@gmx.com telling us your connection with the BBC.
 
  HomeHelpSearchLogin  
 
  Forum for former BBC staff › › News and Comment › Tens of thousands face pension cuts?
(Moderators: , , Administrator)
‹ Previous Topic | Next Topic ›
Page Index Toggle Pages: 1
Send Topic Print
Tens of thousands face pension cuts? (Read 2455 times)
Burstner55
Ex Member
Tens of thousands face pension cuts?
Jun 30th, 2018, 1:38pm  
I have just seen this story in the Daily Telegraph and The Times suggesting tens of thousands of people face cuts in their pensions because of historic Inland Revenue errors. I can't understand why the story is buried away when it affects so many people. The big question is "How many Beeb pensioners face cuts in their income?"
The story is here: https://www.pressreader.com/uk/the-daily-telegraph/20180630/281496457026082 Sad
Back to top
 
 
IP Logged
 
Administrator
YaBB Administrator
*****
Offline



Posts: 3254
Re: Tens of thousands face pension cuts?
Reply #1 - Jun 30th, 2018, 2:06pm  
"The errors affect those who 'contracted out' of a state pension top-up between 1978 and 1997".


A government spokesman said "Where overpayments of state pension do occur due to incorrect Guaranteed Minimum Pension figures (The opt-out scheme), individuals will not be expected to repay any overpayment".

Sir Steve Webb, a former Liberal Democrat pensions minister, said

"It would be totally unacceptable for pensions schemes to try to claw back hundreds or thousands of pounds from scheme members.

The whole system is eye-wateringly complex, and there is no way that members would have a clue if the figures were right or not".
Back to top
« Last Edit: Jun 30th, 2018, 3:55pm by Administrator »  
The Administrator.
 
IP Logged
 
Page Index Toggle Pages: 1
Send Topic Print
‹ Previous Topic | Next Topic ›
  « Home ‹ Board Top of this page

Forum for former BBC staff » Powered by YaBB 2.3.1!
YaBB © 2000-2009. All Rights Reserved.

Valid RSS Valid XHTML Valid CSS Powered by Perl Source Forge