Raising the pension age to 75

[Ifwecouldjust.......]

You can start taking your private pension at 55, put plenty in there.

Incorrect ..... they've already passed legislation to move that to 57 ... more to follow



Because ...... Conservatives

 

[Ifwecouldjust.......]

£97bn spent on state pensions in 2018/19, are there any serious alternatives other than deferring retirement age? The government has already legislated to move everyone into a contributory pension scheme, subject to opt-out. Pensions have been a joke for years, as someone already said it's another area to shaft youngsters of today, but there's no alternative.

Totally incorrect (and £97 billion probably equals the final cost of HS2 by the way).... by raising the pension age of women and abolishing the spouses pension (bet that one slipped under your radar) the Tories released funds to pay off the National Debt (despite that the Tories have tripled the national debt since 2010)

The NIC fund was in surplus until the CONservatives took power... since then they have been raiding it to fund their ideological madness.

 

[blue b4 the moon]

You can start taking your private pension at 55, put plenty in there.

If you have one, this is the important thing, get hold of it asap, even if it means losing on on a couple of quid short-term by cashing-in early given the opportunity. Took mine as a full one at 51 due to a work package, Mrs Moon (53) taking hers 2 years early next month...worked out she'll be 'in credit' until she's 72.

I'd not bet against the Govt changing the OCC-PEN rules at some stage.

 

[SWP's back]

Incorrect ..... they've already passed legislation to move that to 57 ... more to follow



Because ...... Conservatives

It’s not been built into legislation as of yet to be fair although they have said it would raise to 57 in 2028.

 

[SWP's back]

despite that the Tories have tripled the national debt since 2010)

National debt can only rise whilst country is in deficit. Which should be obvious.

 

[Champions again in 2012]

Generally we are living longer (but not a good quality of life in a lot of cases putting an enormous strain on social care) - I understood the need to increase it to 67 (I qualify at 66) and could possibly understand it going to 68 but anything beyond that could lead to civil action and protests. Women have already been hit very badly by state pension rule changes. Until a few years ago my wife expected to get her pension at age 60. Then it went to 65, in line with men’s state pension age and now she will have to wait until she is 67. Thank God we've both worked since we left school and have company pensions to allow us to retire before we hit state pension age

 

[hammocity]

You can start taking your private pension at 55, put plenty in there.

Or a stocks and shares port folio, if you gamble and are lucky enough no limit on the age.

 

[lust overlord]

It's not a surprise this news.
Drip drip bad news to get people used to the idea,Nhs next.

Quite sad really that people will accept the government trying to renege on its responsibilities to it's citizens,again.

Consequences.

 

[SWP's back]

Or a stocks and shares port folio, if you gamble and are lucky enough no limit on the age.

Not a gamble if investing for the long term (a pension is invested in the exact same anyway, the only difference being the specific tax wrapper)

 

[hammocity]

Not a gamble if investing for the long term (a pension is invested in the exact same anyway, the only difference being the specific tax wrapper)

I’ve only a small stock folio but it’s split between blue chip shares, medium risk and high risk. The good thing is when I depart Mrs H cops for the lot whilst my Pension provider halves the pay out.