You again. Bore off!UK state pension age will soon need to rise to 71, say experts
Research on life expectancy and birth rates shows that ill health makes status quo unsustainablewww.theguardian.com
Yet another reminder of how good the boomers have it, and how the younger generations will receive blow after blow.
Indeed - but the ratio of (British) executive pay to general worker pay was relatively tiny at 1 to 20. Thatcher smashed that when dismantling British manufacturing/production and promoting/replacing it with a service economy.This. The top rate of tax was 90% in the 50s and 60s and stayed high until Thatcher came in.
Yes, I was going to add that perhaps it should be flexible depending on a number of factors - and not everybody with a desk job is a picture of health at 66.It depends on the job, doesn't it?
A desk job with flexitime and remote working? Sure, you could work to 70 and beyond. But a scaffolder or primary school teacher? Bit trickier.
oh not again …….UK state pension age will soon need to rise to 71, say experts
Research on life expectancy and birth rates shows that ill health makes status quo unsustainablewww.theguardian.com
Yet another reminder of how good the boomers have it, and how the younger generations will receive blow after blow.
but all of them will eventually become pensionable age who will need even more youngsters to pay for it. And so it turns.We are very very lucky that young people from around the world want to come and set up their lives here. Without that the pension system would increasingly have fewer working age people to support the oldies in their dotage.
weird putting primary school teacher alongside a scaffolder, instead of a desk job which it's closer to. most teachers seem to take early retirement, or semi-retirement as supply anyway. and i dont think ive ever seen a middle aged let alone near pension scaffoleder.It depends on the job, doesn't it?
A desk job with flexitime and remote working? Sure, you could work to 70 and beyond. But a scaffolder or primary school teacher? Bit trickier.
You're right of course. But what needs to be avoided is a Japan type situation where there's not enough working age to support the elderly.but all of them will eventually become pensionable age who will need even more youngsters to pay for it.
The flip side is that they themselves are accruing state pensions that future generations will be required to fund.We are very very lucky that young people from around the world want to come and set up their lives here. Without that the pension system would increasingly have fewer working age people to support the oldies in their dotage.
Your post is contradictory so it makes it difficult to respond to but I think unlikely that there would be ’no State pension at all‘ - however, we could be moving towards a system where State Pensions are means-tested, which more or less means the same thing as your next sentence.Realistically we are eventually heading to No state pensions at all.
With the pressure from all employers to enrol staff onto a pension scheme I can see the time when the state pension will only be given to those who have been unable to work in their lifetime or those that have never worked for whatever reason.
We are heading that way. Thank god I have a works pension and some private savings.
Keep trying - you’ll get through eventually. However, you definitely need to get a pension forecast before HMRC will provide you with a voluntary contribution code if you haven’t already - it will be the first thing they ask you for.As an aside, I want to start paying voluntary NI contributions but the goons at HMRC ignore my letters. Impossible to speak to anyone on the phone too. I wonder how many other offers of cash they're refusing.
Isn’t it 67 for those born after April 1960?the pension age is currently gone up to 67 for those born after 1970,
Cheers for the leftist rant.It's all bullshit, our parents and grandparents grew up when the rich paid tax and there was money for things. The wealth society creates should see retirement coming down. However, a system based on the needs of thieves sees greater wealth in fewer hands, less funding for social needs and a falling life expectancy.
I think the fella making the leftist rant had a point.Cheers for the leftist rant.
The fact is we are paying more in taxes right now than ever.
Corporation tax is also a lot higher.
This problem, which affects me too, is a lot more complex than simplistic tropes.
Are you familiar with maths?Cheers for the leftist rant.
The fact is we are paying more in taxes right now than ever.
Corporation tax is also a lot higher.
This problem, which affects me too, is a lot more complex than simplistic tropes.
weird putting primary school teacher alongside a scaffolder, instead of a desk job which it's closer to.