| Any of you young'uns seen the exciting pension news? 09:31 - Feb 5 with 8579 views | BanksterDebtSlave |
71. [Post edited 5 Feb 9:32]
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| Any of you young'uns seen the exciting pension news? on 09:34 - Feb 5 with 4266 views | nodge_blue |
Isn't that just a report rather than a thing? |  |
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| Any of you young'uns seen the exciting pension news? on 09:39 - Feb 5 with 4216 views | J2BLUE |
| Any of you young'uns seen the exciting pension news? on 09:34 - Feb 5 by nodge_blue |
Isn't that just a report rather than a thing? |
Inevitable though isn't it? It will probably be 75 within 25 years. |  |
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| Any of you young'uns seen the exciting pension news? on 09:41 - Feb 5 with 4194 views | geg1992 |
nt [Post edited 5 Feb 9:42]
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| Any of you young'uns seen the exciting pension news? on 09:42 - Feb 5 with 4179 views | Keno |
| Any of you young'uns seen the exciting pension news? on 09:34 - Feb 5 by nodge_blue |
Isn't that just a report rather than a thing? |
its a report - this from the guardian
"The retirement age will have to rise to 71 for middle-aged workers across the UK, according to research into the impact of growing life expectancy and falling birthrates on the state pension. The UK pension age of 66 is set to rise to 67 between May 2026 and March 2028. From 2044, it is expected to rise to 68"
Just for some context this refers to life expectancy. in 1960 the average UK life expectancy was 70 so a state pension would be 'budgeted' for 5 years
in 2020 that has risen to 80 so even from 67 the 'in payment' period has risen to 13 years
a little side note over the past 5 years average life expectancy has started to tail off a little |  |
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| Any of you young'uns seen the exciting pension news? on 09:42 - Feb 5 with 4175 views | nodge_blue |
| Any of you young'uns seen the exciting pension news? on 09:39 - Feb 5 by J2BLUE |
Inevitable though isn't it? It will probably be 75 within 25 years. |
We need to fix more of the underlying issues. These ages are not sustainable. What employer wants a brick layer doddering around at 74 or an IT specialist still living in a digital age of a generation ago. | |
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| Any of you young'uns seen the exciting pension news? on 09:46 - Feb 5 with 4138 views | homer_123 |
| Any of you young'uns seen the exciting pension news? on 09:42 - Feb 5 by Keno |
its a report - this from the guardian
"The retirement age will have to rise to 71 for middle-aged workers across the UK, according to research into the impact of growing life expectancy and falling birthrates on the state pension. The UK pension age of 66 is set to rise to 67 between May 2026 and March 2028. From 2044, it is expected to rise to 68"
Just for some context this refers to life expectancy. in 1960 the average UK life expectancy was 70 so a state pension would be 'budgeted' for 5 years
in 2020 that has risen to 80 so even from 67 the 'in payment' period has risen to 13 years
a little side note over the past 5 years average life expectancy has started to tail off a little |
a little side note over the past 5 years average life expectancy has started to tail off a little
And a happy Monday to you too Keno! |  |
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| Any of you young'uns seen the exciting pension news? on 09:48 - Feb 5 with 4131 views | nodge_blue |
| Any of you young'uns seen the exciting pension news? on 09:42 - Feb 5 by Keno |
its a report - this from the guardian
"The retirement age will have to rise to 71 for middle-aged workers across the UK, according to research into the impact of growing life expectancy and falling birthrates on the state pension. The UK pension age of 66 is set to rise to 67 between May 2026 and March 2028. From 2044, it is expected to rise to 68"
Just for some context this refers to life expectancy. in 1960 the average UK life expectancy was 70 so a state pension would be 'budgeted' for 5 years
in 2020 that has risen to 80 so even from 67 the 'in payment' period has risen to 13 years
a little side note over the past 5 years average life expectancy has started to tail off a little |
Its a bit contradictory to have a report suggesting a raise to 71 based on maths, but in the article a sentence that says 50% of 70 year olds are unable to work due to physically or mentally not being capable.
I cant see any government introducing legislation to do that. Even if they say its the maths, common sense says it won't work. [Post edited 5 Feb 9:50]
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| Any of you young'uns seen the exciting pension news? on 09:52 - Feb 5 with 4097 views | Guthrum |
| Any of you young'uns seen the exciting pension news? on 09:42 - Feb 5 by nodge_blue |
We need to fix more of the underlying issues. These ages are not sustainable. What employer wants a brick layer doddering around at 74 or an IT specialist still living in a digital age of a generation ago. |
It's a back-door method of tackling pensions spending, without the guaranteed vote losses of undoing the triple lock. Provision for the elderly is, after all, the most expensive part of the benefits system.
If they can tackle that, it allows room for more tax cut bribes for the already comfortably off (who likely have private pensions anyway). |  |
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| Any of you young'uns seen the exciting pension news? on 09:54 - Feb 5 with 4087 views | DJR |
| Any of you young'uns seen the exciting pension news? on 09:42 - Feb 5 by nodge_blue |
We need to fix more of the underlying issues. These ages are not sustainable. What employer wants a brick layer doddering around at 74 or an IT specialist still living in a digital age of a generation ago. |
Agreed, and while people are living longer (although that is tailing off), it doesn't mean their health is good.
Only about a quarter of people aged 65-74 don't have one or more long term health conditions, and no doubt many of them will be relatively well-off and so able to retire early. [Post edited 5 Feb 9:57]
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| Any of you young'uns seen the exciting pension news? on 09:55 - Feb 5 with 4068 views | nodge_blue |
| Any of you young'uns seen the exciting pension news? on 09:52 - Feb 5 by Guthrum |
It's a back-door method of tackling pensions spending, without the guaranteed vote losses of undoing the triple lock. Provision for the elderly is, after all, the most expensive part of the benefits system.
If they can tackle that, it allows room for more tax cut bribes for the already comfortably off (who likely have private pensions anyway). |
There's no chance the Tories are going to be raising the state pension age to fund tax cuts. That's not happening.
And then Labour will be in and they won't do that either. | |
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| Any of you young'uns seen the exciting pension news? on 09:56 - Feb 5 with 4060 views | thebooks |
[shrugs] Only “inevitable” if you’re unwilling to change things like cost of housing, low quality private pension provision and a million and one other things. I expect it’ll be used as an argument to get rid of the “unaffordable” triple lock. |  | | |
| Any of you young'uns seen the exciting pension news? on 09:58 - Feb 5 with 4044 views | NthQldITFC |
Converging with life expectancy for an obese, social media- and tech-obsessed, zombified population, and when they cross in a year or two the country will finally be the profitable vehicle for T*ries and foreign 'investors' that it was always supposed to be! |  |
| # WE ARE STEALING THE FUTURE FROM OUR CHILDREN --- WE MUST CHANGE COURSE # | | Poll: | It's driving me nuts |
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| Any of you young'uns seen the exciting pension news? on 09:58 - Feb 5 with 4036 views | Keno |
| Any of you young'uns seen the exciting pension news? on 09:46 - Feb 5 by homer_123 |
a little side note over the past 5 years average life expectancy has started to tail off a little
And a happy Monday to you too Keno! |
How are you feeling Homey? | |
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| Any of you young'uns seen the exciting pension news? on 10:04 - Feb 5 with 4007 views | mutters |
I've always thought that changing the pension date is an absolute con.
A fairer way would be that once you turn 18 your state pension date is set. Sure increase it for those who haven't started paying into the system but moving the goalposts always seems a bit harsh. When I started it was 65, then 67 and now it's 68 for me. |  |
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| Any of you young'uns seen the exciting pension news? on 10:07 - Feb 5 with 3972 views | DJR |
| Any of you young'uns seen the exciting pension news? on 09:54 - Feb 5 by DJR |
Agreed, and while people are living longer (although that is tailing off), it doesn't mean their health is good.
Only about a quarter of people aged 65-74 don't have one or more long term health conditions, and no doubt many of them will be relatively well-off and so able to retire early. [Post edited 5 Feb 9:57]
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The following indicates the health of our five and unders is declining too.
https://www.theguardian.com/society/2024/feb/05/experts-lament-appalling-decline
The report itself states that infant survival rate in the UK has stalled in recent years, and is worse than in 60% of other OECD nations, with the UK ranked 30th out of 49. | | | |
| Any of you young'uns seen the exciting pension news? on 10:11 - Feb 5 with 3937 views | Guthrum |
| Any of you young'uns seen the exciting pension news? on 09:55 - Feb 5 by nodge_blue |
There's no chance the Tories are going to be raising the state pension age to fund tax cuts. That's not happening.
And then Labour will be in and they won't do that either. |
Labour are unlikely to, but I could see some of the current Conservative Party doing that*. Not that it'll be as blatantly linked as in my post, just the one thing happens (projected far enough ahead not to matter) and then, a bit later - ooh look, we've found some money to play with.
Those approaching and currently in retirement (the only group of the population with positive voting intentions towards the Tories) won't care as such a policy is not going to be backdated to them.
* Particularly the ideologically Tax Cuts At Any Cost wing. | |
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| Any of you young'uns seen the exciting pension news? on 10:15 - Feb 5 with 3908 views | homer_123 |
| Any of you young'uns seen the exciting pension news? on 09:58 - Feb 5 by Keno |
How are you feeling Homey? |
Well, I was feeling chipper until I read that!  | |
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| Any of you young'uns seen the exciting pension news? on 10:18 - Feb 5 with 3881 views | itfcjoe |
| Any of you young'uns seen the exciting pension news? on 10:04 - Feb 5 by mutters |
I've always thought that changing the pension date is an absolute con.
A fairer way would be that once you turn 18 your state pension date is set. Sure increase it for those who haven't started paying into the system but moving the goalposts always seems a bit harsh. When I started it was 65, then 67 and now it's 68 for me. |
Especially tough for women of my Mum's age, the WASPI lot, who saw it change from 60 to 65/66/67 - a lot of these women don't have enough 'stamps' to get full allowance as were still from a generation who didn't (and often weren't able to) work.....and if they did work they often weren't allowed to enter company pension schemes (which were very generous) |  |
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| Any of you young'uns seen the exciting pension news? on 10:31 - Feb 5 with 3758 views | DJR |
| Any of you young'uns seen the exciting pension news? on 10:18 - Feb 5 by itfcjoe |
Especially tough for women of my Mum's age, the WASPI lot, who saw it change from 60 to 65/66/67 - a lot of these women don't have enough 'stamps' to get full allowance as were still from a generation who didn't (and often weren't able to) work.....and if they did work they often weren't allowed to enter company pension schemes (which were very generous) |
I've always thought that was a complete outrage, especially as it wasn't even well-communicated. | | | |
| Any of you young'uns seen the exciting pension news? on 10:32 - Feb 5 with 3742 views | Keno |
| Any of you young'uns seen the exciting pension news? on 10:18 - Feb 5 by itfcjoe |
Especially tough for women of my Mum's age, the WASPI lot, who saw it change from 60 to 65/66/67 - a lot of these women don't have enough 'stamps' to get full allowance as were still from a generation who didn't (and often weren't able to) work.....and if they did work they often weren't allowed to enter company pension schemes (which were very generous) |
Has she looked into 'buying additional years' for her state pension? | |
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| Any of you young'uns seen the exciting pension news? on 10:35 - Feb 5 with 3714 views | DanTheMan |
I'm trying not to bank on ever getting it. |  |
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| Any of you young'uns seen the exciting pension news? on 10:40 - Feb 5 with 3652 views | mutters |
| Any of you young'uns seen the exciting pension news? on 10:18 - Feb 5 by itfcjoe |
Especially tough for women of my Mum's age, the WASPI lot, who saw it change from 60 to 65/66/67 - a lot of these women don't have enough 'stamps' to get full allowance as were still from a generation who didn't (and often weren't able to) work.....and if they did work they often weren't allowed to enter company pension schemes (which were very generous) |
Completely unfair and it was a shocking thing to do. Still can't believe that they got away with this as the impact was horrendous. People had their lives planned out based on retiring at 60 and we're not given sufficient notice to mitigate this change | |
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| Any of you young'uns seen the exciting pension news? on 11:01 - Feb 5 with 3533 views | Reus30 |
| Any of you young'uns seen the exciting pension news? on 10:35 - Feb 5 by DanTheMan |
I'm trying not to bank on ever getting it. |
This. Either the world will blow up before I reach retirement age or they will push it to 149 years old by the time I near 'actual' retirement age. |  | | |
| Any of you young'uns seen the exciting pension news? on 11:09 - Feb 5 with 3492 views | baxterbasics |
I don't think 43 qualifies me as a "young'un" anymore, sadly. But given I do not own my home I fully expect to be working until I am 95 or until I drop, whichever comes sooner.
And that's even with my decent-ish workplace pension scheme.
Only possible light at the end of the tunnel is if my long-hold of approx £1k in bitcoin and sh!tcoins rockets into the stratosphere. |  |
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| Any of you young'uns seen the exciting pension news? on 11:12 - Feb 5 with 3469 views | SuperKieranMcKenna |
Astonishing that immigration of 1m people a year, and birthrate in the top 10 in Europe is not enough to pay our pensions (“we need more people”, Ponzi scheme anyone?!). If that’s not enough population growth, then clearly it’s a house of cards, and we’ll destroy the planet long before we can collect a measly state pension…. |  | | |
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