State Pension Age To Go Up?

[SueEllen]

Makes sense. I would go further and cut any state aid for those that have made fortunes from their houses appreciating. They should have to use the equity they have gained to pay for their retirement.

It's only fair, you have been enjoying your gains from the younger generation taking up new debt.

Your actual comment doesn't make sense.

It is people who have not made loads of gains from the rise in house prices who will be retiring later.

Those who are retiring now will find their property will be used for their care when they get dementia in old age.

[blackeye]

Makes sense. I would go further and cut any state aid for those that have made fortunes from their houses appreciating. They should have to use the equity they have gained to pay for their retirement.

It's only fair, you have been enjoying your gains from the younger generation taking up new debt.

[Yorkie62]

They....

I reckon if Scotland becomes independent it will go up a lot, and it's tough if you live in the East end of London as you on average will never get the state pension.

So where is the best place to live. Or put another way where should I be investing in property to sell to all those East Enders to help them live longer.

[SueEllen]

I heard this, and to be honest I was surprised how modest the required increase in age is. Have to admit I'm cynical and think it's probably just that the reality of admitting it needing to be more like 75 within a few decades might cause political issues.

They want to review it every 10 years looking at average lifespan but they have the regional average lifespan problem e.g. people in Glasgow dying earlier than people in Surrey. Plus the sex difference in average lifespan problem though that is reducing.

I reckon if Scotland becomes independent it will go up a lot, and it's tough if you live in the East end of London as you on average will never get the state pension.

[SueEllen]

I don't fit into the proposed pension timetable published on the BBC website. It appears to jump from April 2026 to April 2028 to a range April 2044 to April 2046 or 2037 to 2039 in the proposed change. Needles to say I fall down the hole between April 2028 and April 2037/44. So is my state retirement age 67 or 68? Or based on the abovery dates and my actual birthday 67.1111111 years ( 67 years 1 month 1 week and 2.3 days.).

Don't hold your breath.

Some people I know didn't fit into the old timetable from 65 to 66 when the initial info came out. They then found they are in the transition part so have odd retirement ages of 65 and 3 months, 65 and 6 months etc.

[d000hg]

My wife has had her pension age go up from 60 to 67. Effectively, they have robbed her good style for GBP 10's of thousands of pounds. Mine has gone from 65 to 66.

She gets 7 more years to work, bringing in an income. BOOM

I heard this, and to be honest I was surprised how modest the required increase in age is. Have to admit I'm cynical and think it's probably just that the reality of admitting it needing to be more like 75 within a few decades might cause political issues.

I think 75 is pushing it, too many people are infirm at that point and the idea isn't retirement age is the point nobody can do anything any more! Some kind of voluntary "work longer and defer for some sort of reward" might work better? Companies don't want people who are going off sick a lot, which inevitably happens in older age.

Or by then maybe "citizens' income" or whatever it's called will be a reality.

[Maslins]

I heard this, and to be honest I was surprised how modest the required increase in age is. Have to admit I'm cynical and think it's probably just that the reality of admitting it needing to be more like 75 within a few decades might cause political issues.

[Yorkie62]

I don't fit into the proposed pension timetable published on the BBC website. It appears to jump from April 2026 to April 2028 to a range April 2044 to April 2046 or 2037 to 2039 in the proposed change. Needles to say I fall down the hole between April 2028 and April 2037/44. So is my state retirement age 67 or 68? Or based on the abovery dates and my actual birthday 67.1111111 years ( 67 years 1 month 1 week and 2.3 days.).

[Fred Bloggs]

My wife has had her pension age go up from 60 to 67. Effectively, they have robbed her good style for GBP 10's of thousands of pounds. Mine has gone from 65 to 66.

[SueEllen]

The reports are finally published and both recommend and accelerated increase in the state pension age. In short this means if you are 50 or under expect your pension age to go up by at least a year- linky