btb Posted February 5 Share Posted February 5 Much of the media focussing on the likelihood of a rise in the State Pension age, I'll include one article to give a flavour of what's being proposed. Brits warned they will have to work until they're 71 - millions to be impacted - Mirror Online 0 Quote Link to comment Share on other sites More sharing options...
Richey Edwards Posted February 5 Share Posted February 5 I'll be naan bread before I get mine. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted February 5 Share Posted February 5 6 minutes ago, btb said: Much of the media focussing on the likelihood of a rise in the State Pension age, I'll include one article to give a flavour of what's being proposed. Brits warned they will have to work until they're 71 - millions to be impacted - Mirror Online Surely anyone on a low wage under the age of, say, fifty knows by now that the only way they'll be retiring is in a body bag. 1 Quote Link to comment Share on other sites More sharing options...
Miguel Sanchez Posted February 5 Share Posted February 5 The state pension won't exist by the time I'm old enough to collect it so I really don't care. 3 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted February 5 Share Posted February 5 3 minutes ago, Miguel Sanchez said: The state pension won't exist by the time I'm old enough to collect it so I really don't care. I'll have spent yours and mine by then. 2 Quote Link to comment Share on other sites More sharing options...
RH33 Posted February 5 Share Posted February 5 18 minutes ago, BFTD said: Surely anyone on a low wage under the age of, say, fifty knows by now that the only way they'll be retiring is in a body bag. My mortgage is until I'm 69...... 0 Quote Link to comment Share on other sites More sharing options...
Hedgecutter Posted February 5 Share Posted February 5 13 minutes ago, Miguel Sanchez said: The state pension won't exist by the time I'm old enough to collect it so I really don't care. It'll end up being means tested imo, probably meaning that most folk with a private pension may as well have paid nothing extra in. 1 Quote Link to comment Share on other sites More sharing options...
Andy Dufresne Posted February 5 Share Posted February 5 (edited) I am 55 next and doing a drawback on my pension,no way will I live to see a state pension. Edited February 5 by Andy Dufresne 0 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted February 5 Share Posted February 5 (edited) If raising taxes / increasing borrowing / making pension means tested are not desirable options then raising the pension age is pretty much inevitable if medical science continues to ensure people live significantly longer than was previously the norm. Edited February 5 by Shadow Play 0 Quote Link to comment Share on other sites More sharing options...
MazzyStar Posted February 5 Share Posted February 5 (edited) In France they rioted because of a proposal to raise the retirement age to 64… Edited February 5 by MazzyStar 5 Quote Link to comment Share on other sites More sharing options...
Zen Archer (Raconteur) Posted February 5 Share Posted February 5 19 minutes ago, RH33 said: My mortgage is until I'm 69...... You could achieve that anytime. 4 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted February 5 Share Posted February 5 4 minutes ago, MazzyStar said: In France they rioted because of a proposal to raise the retirement age to 64… That likely contributes to the fact public debt in France is approximately 112% to GDP. In the UK it is 97%. 0 Quote Link to comment Share on other sites More sharing options...
MazzyStar Posted February 5 Share Posted February 5 1 minute ago, Shadow Play said: That likely contributes to the fact public debt in France is approximately 112% to GDP. In the UK it is 97%. Just like the rest of the economy, it’s all fake 9 Quote Link to comment Share on other sites More sharing options...
Cyclizine Posted February 5 Share Posted February 5 It's not just the state pension itself, but those of us in the many of the public sector schemes have pensions that are linked to the state pension age. Yes, you can withdraw before then, but you take a reduction. My plans were to retire once mortgage was paid off and then use savings to bridge the gap before I could claim my pension a few years early so the reduction wasn't too acute. Will now have to run the numbers again. No way can I work until my late 60s in the NHS. 2 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted February 5 Share Posted February 5 Just now, MazzyStar said: Just like the rest of the economy, it’s all fake Sorry MS I’m not following you on that one? 0 Quote Link to comment Share on other sites More sharing options...
ChilliTomatoSoup Posted February 5 Share Posted February 5 I'll probably drop dead before I draw my state pension. 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted February 5 Share Posted February 5 Less of a retirement and more of a gap year. 1 Quote Link to comment Share on other sites More sharing options...
MazzyStar Posted February 5 Share Posted February 5 2 minutes ago, Shadow Play said: Sorry MS I’m not following you on that one? Public debt, it’s made up. Fiction. Not real. 0 Quote Link to comment Share on other sites More sharing options...
Newbornbairn Posted February 5 Share Posted February 5 My retirement plan. Finish work at noon on the Friday. Draw every penny out the bank in the afternoon. Blow the lot on fine wine, hookers and ching in the evening I don’t expect to see Saturday morning. 4 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted February 5 Share Posted February 5 3 minutes ago, MazzyStar said: Public debt, it’s made up. Fiction. Not real. Can I ask where you got that information from. Are there any articles from reliable sources I can read about this school of thought? 0 Quote Link to comment Share on other sites More sharing options...
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