Originally posted by zeitghost
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80 will be the new retirement age
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Originally posted by PAH View PostThat's probably the plan. Keep raising it so less people are likely to live to retirement so they don't have to worry about finding the shortfall.
If someone dies before retirement age, or early into retirement does their state pension get inherited via probate or is it lost to the state?
When the pension age was set at 65 most people died before that, so only a small % lived to collect it.
As only a small % collected, most people didn't want to pay into the pension, so it was taken from you pay like tax.Fiscal nomad it's legal.Comment
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Retirement age to be 50 for many in London
'Silver scrapheap' of over-fifties who may never find work again | News
An army of over-fifties in London has been thrown onto a "silver scrapheap" and may never work again, the Standard reveals today.
The latest stark figures on the jobless crisis show 10,860 Londoners aged 50 and over have been out of work for more than a year.
That far outstrips the number of long-term unemployed young people in the capital, which stands at 2,945.
Experts warned that the "forgotten generation" might never return to the workplace - effectively forcing them to retire early and live the rest of their lives on pensions and benefits. Unemployment figures yesterday showed more than a million young people are out of work in Britain - laying bare the extent of the jobs crisis at both ends of the age scale.Speaking gibberish on internet talkboards since last Michaelmas. Plus here on TwitterComment
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Originally posted by TimberWolf View PostGood luck finding a job when you are 79 and have alzheimer's, etc, unless you work in the public sector.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostGood luck finding a job when you are 79 and have alzheimer's, etc, unless you work in the public sector.
Originally posted by Jeff Maginty View PostConsidering the national obsession with owning property and the resulting house price bubble, it's not surprising that many people feel they can't afford to contribute to a pension. Add in the short-termist attitudes prevalent nowadays (got to have that huge LCD/Plasma screen tv now and not wait to save up), and it's pretty obvious what will happen...
People will get to retirement age and suddenly realise they can't live on what little (if any) pension they have built up. Since they will probably be either unwilling or unable to work, their only option will be to sell equity in their home in exchange for a lump sum which they will then fritter away on everyday living expenses. Ultimately they will end up as mere tenants in the home they were so proud to own for all those years during the 1998 - 20?? UK property boom. Of course there will be feck-all left for their kids to inherit when they eventually snuff it. Sad really, but quite predictable. The folly of "house-price Britain"!!
Very little difference between the two.Last edited by escapeUK; 17 November 2011, 22:41.Comment
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So 'retirement' is not all about pensions. It's about having enough passive income as to not to work.
The question should be. How much do you feel you need as a passive income each year for you to 'retire'?
So right now(assuming it will rise with inflation). £30k p/a? £50k? £100k????What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostSo 'retirement' is not all about pensions. It's about having enough passive income as to not to work.
The question should be. How much do you feel you need as a passive income each year for you to 'retire'?
So right now(assuming it will rise with inflation). £30k p/a? £50k? £100k????Comment
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Originally posted by escapeUK View PostWith property paid for (no rent or mortgage), £10k would be an easy comfortable life.
Fuel bill per year £2k
Council tax per year £2k
Food £50 per week - £2600 per year
Clothes etc £1k per year
Rethink your numbers.What happens in General, stays in General.You know what they say about assumptions!Comment
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