metalblue
Well-Known Member
Until you push the state pension age - even though equality laws say there is no such thing - to 80 years old then you reduce the numbers who will get the state pension never mid the rises in the future - cynical ageism
I very much doubt we will see 80 in our life times, we may see 70.
The reality is we have an aging population. We can pretend we don’t but any UK government choices until we get to equilibrium are to raise taxes in huge way so our kids to pay for it or push the age up and raise taxes less. It’s a balancing act. The government has tried to push some of the cost to firms with workplace pensions (it’s a stealth tax to firms) but it’s really a little bit too late too for the current generation approaching retirement age in next 10-15 years.
IMHO there is a risk pushing the age too high - people will just quit work due to x condition and go on the welfare state - pseudo retirement for want of a better word. They’ll be a few hurdles to jump over obviously but you’ll surely be able to play the system.