The state pension fund has never been about taking money away for future use. The money taken away through taxes has always been to fund current pensioners. The money they took from you or anyone 20, 30, 40 years ago was to fund the retirees of then, not for you. The amount you get is based off your NI to see how much you’re entitled to, but the money comes from today’s taxes, not from some stored pot anyone paid into.
But that was the idea.
Pot of money, stored, invested.
But they couldn’t resist spending it.
Now they whine.
Look it up.
