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Unread 18 Aug 19, 02:08 PM  
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#41
FamilyGWales
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Originally Posted by bighal View Post
Considering IDS is a backbencher and his say has as much weight as any other backbencher. He is NOT in the Government any more and hasn't since 2016... so why worry over something that isn't going to happen on this time scale if it ever did.
It's not IDS saying this in his role as a backbencher it is in his role as chair of an influential social justice think tank. So consideration would need to be given to thier recommendations I suspect.

That does not of course mean the government needs to adopt the recommendations in part or in full. For all we know the govt may want to put it up to 80!

Edited at 02:09 PM.
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Unread 18 Aug 19, 02:09 PM  
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Originally Posted by stecee View Post
I work in a physical job and having just turned 60, sometimes struggle at work. Ive got another 6 years to go before reaching state pension retirement age, I wont be able to retire before then. Im hoping that work will give me a less strenuous role as I get older.
I feel for youngsters these days, god knows what the retirement age will be in the future.
Unfortunately the job I do doesn't have less strenuous roles 😢 and with my hands being the worst affected I wonder what jobs I could do ☹
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Unread 18 Aug 19, 02:10 PM  
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#43
sam_b
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Originally Posted by stecee View Post
I feel for youngsters these days, god knows what the retirement age will be in the future.
I think youngsters today need to work out their own retirement date - none of us should be at the mercy of govt decisions about retirement... I look at the state pension as a bonus, not as a financial plan and I think that this will be even more important for the younger generation as there may not even be a state pension.
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Unread 18 Aug 19, 02:12 PM  
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#44
FamilyGWales
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Originally Posted by sam_b View Post
I think youngsters today need to work out their own retirement date - none of us should be at the mercy of govt decisions about retirement... I look at the state pension as a bonus, not as a financial plan and I think that this will be even more important for the younger generation as there may not even be a state pension.
Save and invest for your own future to your own preferred timetable...
Agree wholeheartedly. Unfortunately quite a few pensions are tied to the state pension age, so even if you plan on your current pension being say 67, if the state pension changes so does my other one.
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Unread 18 Aug 19, 02:13 PM  
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I read a couple of months ago that four hundred billion pounds of NI contributions had been misappropriated by successive governments. If there is any truth in that then people should be called to account.
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Unread 18 Aug 19, 02:16 PM  
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#46
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I'm 40 and unfortunately I don't think there will be a state pension but the time my generation retires. Hence the legal requirement for all private companies to have pension pots for all employees.
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Unread 18 Aug 19, 02:17 PM  
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#47
fizzypop
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Originally Posted by sam_b View Post
I think youngsters today need to work out their own retirement date - none of us should be at the mercy of govt decisions about retirement... I look at the state pension as a bonus, not as a financial plan and I think that this will be even more important for the younger generation as there may not even be a state pension.
Save and invest for your own future to your own preferred timetable...
But if we are all in work until we are 75, where are the jobs for the young ones to start building up their pension pots?
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Unread 18 Aug 19, 02:23 PM  
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#48
MarionG
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Originally Posted by fizzypop View Post
But if we are all in work until we are 75, where are the jobs for the young ones to start building up their pension pots?
Exactly my thought too..
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