er, the old people have contributed to their state pension fallacy hey fredRicckets...no they ain't, it (the state pension) is funded by current tax payers/or govt borrowing. NI is a myth it just goes into govt coffers to spend on what they want, it's not held in an individuals seperate pension/health insurance pot, it's just tax. Which is why many say it should be scrapped and just added to tax, ie increase the tax rate and scrap the whole NI facade.