More pensions doom

[suityou01]

Rising life expectancy could speed-up the rise in the state pension age | Daily Mail Online

Oh let's increase the retirement age to 75 then.

This has to be the dumbest Tory chancellor ever. First he allows people to take out all of their private pension money, so everyone buys BTLS. Then he decides that market is overheated and decides to tax BTL and increase stamp duty. Then he decides to get rid of tax relief on pensions, so you've got feck all chance of saving a decent amount anyway, and then moves the state pension upto 75 in future years.

Can anyone guess what's going to happen when we and the next generation all get close to retirement?

Bueller? Bueller?

Surely you just get an elderly persons ailment and live off sickness benefits.

[DimPrawn]

My pension pot say's other wise

I hope it's well hidden.

[FatLazyContractor]

Surely you just get an elderly persons ailment and live off sickness benefits.

Does blood pressure count?

[SimonMac]

I hope it's well hidden.

To be fair the worse they can do is stop me taking it early, I had planned for 55, its now 57, hopefully by the time I take it it will be the original "65" while state pension will be 75!

[SimonMac]

Does blood pressure count?

Due to morbid obesity type 1 diabetes is a winner winner deep fried chicken dinner for you and MF

[BrilloPad]

My pension pot say's other wise

Indeed. The main reason I pay less tax is pension contributions. Being 52 its a good deal.

[FatLazyContractor]

To be fair the worse they can do is stop me taking it early, I had planned for 55, its now 57, hopefully by the time I take it it will be the original "65" while state pension will be 75!

Which still leaves you better off than those deluded permies

[seanraaron]

Why not just bin the state pension entirely and replace it with tax credits for poor folk if they're going to use a cynical calculus to just work people to death otherwise?

[BrilloPad]

Back to the glory days of ZeitGrandFather, working until he was 78 & spending the remaining, demented, years of his life on National Assistance.

We see you Tory bastids.

Presumably he had a better deal than his father?

You will be okay. But your nephews and nieces will suffer. The first generation in a while not to be better of than their parents.

If you think Labour would have done differently I feel sorry for you.

The only party that offers a way out is UKIP.

[bobspud]

Retirement age should be set at point when only 40% get to claim it. Which is what it was when it started.

^ This

Apart from the fact that we also need to sort out the cohesion between the generations so that having people in their 50's,60's and 70's working in the office is a done thing. There are far too many guys and girls that get to their late 40's and start finding it hard to compete for roles. If the government wants us to work for longer then the mindset of business needs to change...

That said, not all of the population work in comfy offices where the most strenuous thing that we do in a day is digest lunch. So there needs to be a provision for those people as well.