Although low earners will pay in less than they take out due to personal tax and earnings tax thresholds.
Shouldn’t be an issue societally but with this government I wouldn’t be surprised if they find a way to link payments in to retirement age via a state held retirement fund administered by the govt like a private pension – can’t retire till you’ve got enough in your ‘pot’ to see you through to death etc.
Let’s not forget that people in this government see the return of the workhouse as a good thing.
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Although low earners will pay in less than they take out due to personal tax and earnings tax thresholds.
Shouldn’t be an issue societally but with this government I wouldn’t be surprised if they find a way to link payments in to retirement age via a state held retirement fund administered by the govt like a private pension – can’t retire till you’ve got enough in your ‘pot’ to see you through to death etc.
Let’s not forget that people in this government see the return of the workhouse as a good thing.
Hogarth’s London here we come… again