Still pretending there’s going to be a state pension in 2050.
It’s always worried me that i’ll just work til I die because they’ll either raise the pension age or just wipe out pensions entirely. And at the point i may as well stop saving, work as little as possible to get by, just enjoy life and Logan’s Run myself at a suitable point.
Every house in this country has a dratted conservatory when the space could be used in a much better way.
Jeremy Cnut seeding his latest idea via the gutter press I see
I could probably do the job I do now at 70, but I don’t think I could do it very well
My parents are late 60s/ early 70s and neither seem capable of work any more, it takes half a dozen worried phone calls to arrange something like them getting the train to see their grandchildren and my dad genuinely feels tired and needs a nap if his morning has been anything more demanding than reading the news and having some toast.
Colour me surprised. I have never included state pension in my retirement plans as soon as I realised that I was one of two siblings spawned from the generation that had 5 or more. Do not rely on state (or indeed wholly on private pensions). You need to be saving hard in to multiple investment vehicles (ISA, LISA etc) from the get go.
I find this pretty laughable. Most companies I have worked for have made people redundant over 55, their salaries have risen to high…. so good luck with that. They’ve had age discrimination cases raised, but it still happens.
A lot of people have chronic illnesses by 70, they might have some disability support benefits (unlikely) and the healthier ones keep working. But that means massive loss of all the voluntary work that current healthier retired older adults do to support their community and families.
If politics didn’t rely so heavily on the old vote we could stop fucking about pretending that there will be a universal state pension in 30 years and just means test it now, like it will inevitably have to be in a decade or two.
It will be the exact same for everyone retiring in 30 years time, but would help tremendously now while we have the richest generation of pensioners in history and the NHS is on the bones of its arse.
Putting that money into paying NHS staff and expanding hospital and care infrastructure might even be an overall win for current pensioners, granting a better quality of life while receiving medical care rather than their massive fortune going to a private care company in the last couple of years of their life.
The cost to the economy of an aging workforce will be much higher than protecting retirement age. Once again passing the buck and hoping future generations will fix our problems.
I’m in my mid-30s, and I’m 99.99% certain there won’t be a state pension for my generation.
Most people I know don’t have a retirement plan, or they are just paying the minimum pension contributions on their work schemes. Those minimum payments do not amount to much at all, and I don’t think most people realise how little they will have.
I know someone who has ploughed everything into getting on the housing ladder with nothing planned for retirement funds. Not their fault at all as this was the only way to get a home, but I have to wonder what they will do when they retire.
We have been kicking the can down the road on this issue for a long time now, and if this isn’t acted on soon, it could lead to an explosion of poverty in 30 years from now.
Fucking knew it about conservatories. Literally no one likes them. Look at any house with a conservatory, do they use it? No. Is anything in there aside from the old sofa and wellies? No.
People only put a conservatory in because they were told it adds value to the house. No one bought a conservatory because they wanted one. They’re boiling in summer, and freezing in winter. You could have genuinely extended the house and had so much more space, but all you have now is a ludicrously big and overpriced back porch. And now it’s ruining your house price on top of it all.
I’m glad we are coming to the point when we’ve all agreed to drop the stupid, wasteful facade.
I have absolutely no expectation of a state pension in a few decades. Why do you think the government has made workplace pensions mandatory? It’s a rare example of long term financial planning by the government.
Just add NI to those over SP age lol
So easy to fix these issues
oh I see, means testing the state pension screws people who did fund for a pension, because they just means tested themselves out of what was going to be a right – but this way it always exists, but just keeps moving away with less anger.
They can make it 70 for all they want, but many of us will not be able to physically work or keep up with the insane technological leaps that will be made by then
I strongly believe in the next 20 years a new form of tax will be needed that taxes profits generated via AI and Autonation, and these taxes used as a UBI for those towards retirement ages
Otherwise we’re all just in a neofuedal state
They can get to fuck. People forced to work until they are 70. Just fuck off.
We need to stand against this. We shouldn’t accept a retirement age over 60.
jokes on them if I can’t afford to retire at a sensible age i’ll just kill myself.
I don’t know anyone over 65 who could still work full time. Both my parents and mother in law have significant health issues. Aunts and uncles health all deteriorating enough that mobility is becoming restricted or they have health problems that mean they aren’t supposed to do anything strenuous or stressful. Surely they’ll all end up claiming disability and the government saves nothing? I might just ne over simplifying that but I just don’t see how this can work?
Surely with all these AI and automation advances, the percentage of the population that actually needs to be in work should be shrinking?
Forcing old, elderly and vulnerable people to work is abuse imo. Absolutely disgusting.
I’ve given up on retiring, and I’m sure as hell not gonna work harder for a pension that I’ll enjoy maybe a year or so of.
The UK is such a passive and whipped country that we just accept this as the norm, I’m just gonna work as little as I can and try and enjoy my life.
As a millennial, this is disgusting. If it’s 70 now, by the time I actually get to that age, I’ll either be dead or allowed to retire when I’m 78
It will definitely be 70 before this decade is out, they’re making sure of that.
For anyone young… Honestly, get saving where you can. Invest in your private pension and other means to fund your retirement Be diverse in where you’re placing your funds! Just because something has largely been safe, doesn’t mean it always will be. Several co-workers lost thousands out of the pension pot when the traditionally safe funds dropped in value not too far back.
Absolutely don’t rely on the state pension.
This slow creep is EXACTLY how you go about phasing out things that you can’t just ban on the spot or within a short period of time.
Just look at cigarettes. Slowly being taxed more and more to price people out of it to phase it out and maybe ban it outright.
The same thing is happening to the state pension. The age is slowly climbing so they can eventually phase it out. Either completely, or effectively (age is so high most are unlikely to ever claim)
It’s almost like they want protests and riots for some reason, likely they would have to clamp down hard on angry middle aged brits who have been paying into a system they’ll likely never benefit from. Probably would be safe to give the police more powers to arrest anyone even thinking of protesting, possibly some sort of law could be made to prevent mass gatherings of that type just to make sure that people don’t take it too far. But what government would want that?…….sorry if I broke anyone’s sarcasm meter by the way.
Don’t worry, I’m 41. I have accepted for years that I am not going to able to retire. I’m fucked, most of the people younger than me are fucked too. Better to just accept it and try to enjoy life now.
If they scrap the pension I’ll stop working and stop paying national insurance. Start claiming benefits and living off the state
Plastic conservatories are the social equivalent of bolting a 90s caravan to the side of your house.
With regards to pensions, don’t worry about, just save 8k to be gassed in a cryo pod in Switzerland.
How does the UK expect anyone to stay physically healthy to the age of 70 when they retire if it takes many hours at ER almost impossible to get GP appointments. Forget about finding a dentist, mental health problems who cares you won’t get a psychiatrist until you’ve experienced hell for a long time.
These failings of health care create further problems and illness to the point where in decades to come many if not half or more of people will be on welfare and or disability due to being too ill to work.
Rob the system don’t expect people to be healthy enough to retire at 70.
33 comments
[deleted]
Still pretending there’s going to be a state pension in 2050.
It’s always worried me that i’ll just work til I die because they’ll either raise the pension age or just wipe out pensions entirely. And at the point i may as well stop saving, work as little as possible to get by, just enjoy life and Logan’s Run myself at a suitable point.
Every house in this country has a dratted conservatory when the space could be used in a much better way.
Jeremy Cnut seeding his latest idea via the gutter press I see
I could probably do the job I do now at 70, but I don’t think I could do it very well
My parents are late 60s/ early 70s and neither seem capable of work any more, it takes half a dozen worried phone calls to arrange something like them getting the train to see their grandchildren and my dad genuinely feels tired and needs a nap if his morning has been anything more demanding than reading the news and having some toast.
Colour me surprised. I have never included state pension in my retirement plans as soon as I realised that I was one of two siblings spawned from the generation that had 5 or more. Do not rely on state (or indeed wholly on private pensions). You need to be saving hard in to multiple investment vehicles (ISA, LISA etc) from the get go.
I find this pretty laughable. Most companies I have worked for have made people redundant over 55, their salaries have risen to high…. so good luck with that. They’ve had age discrimination cases raised, but it still happens.
A lot of people have chronic illnesses by 70, they might have some disability support benefits (unlikely) and the healthier ones keep working. But that means massive loss of all the voluntary work that current healthier retired older adults do to support their community and families.
If politics didn’t rely so heavily on the old vote we could stop fucking about pretending that there will be a universal state pension in 30 years and just means test it now, like it will inevitably have to be in a decade or two.
It will be the exact same for everyone retiring in 30 years time, but would help tremendously now while we have the richest generation of pensioners in history and the NHS is on the bones of its arse.
Putting that money into paying NHS staff and expanding hospital and care infrastructure might even be an overall win for current pensioners, granting a better quality of life while receiving medical care rather than their massive fortune going to a private care company in the last couple of years of their life.
The cost to the economy of an aging workforce will be much higher than protecting retirement age. Once again passing the buck and hoping future generations will fix our problems.
I’m in my mid-30s, and I’m 99.99% certain there won’t be a state pension for my generation.
Most people I know don’t have a retirement plan, or they are just paying the minimum pension contributions on their work schemes. Those minimum payments do not amount to much at all, and I don’t think most people realise how little they will have.
I know someone who has ploughed everything into getting on the housing ladder with nothing planned for retirement funds. Not their fault at all as this was the only way to get a home, but I have to wonder what they will do when they retire.
We have been kicking the can down the road on this issue for a long time now, and if this isn’t acted on soon, it could lead to an explosion of poverty in 30 years from now.
Fucking knew it about conservatories. Literally no one likes them. Look at any house with a conservatory, do they use it? No. Is anything in there aside from the old sofa and wellies? No.
People only put a conservatory in because they were told it adds value to the house. No one bought a conservatory because they wanted one. They’re boiling in summer, and freezing in winter. You could have genuinely extended the house and had so much more space, but all you have now is a ludicrously big and overpriced back porch. And now it’s ruining your house price on top of it all.
I’m glad we are coming to the point when we’ve all agreed to drop the stupid, wasteful facade.
I have absolutely no expectation of a state pension in a few decades. Why do you think the government has made workplace pensions mandatory? It’s a rare example of long term financial planning by the government.
Just add NI to those over SP age lol
So easy to fix these issues
oh I see, means testing the state pension screws people who did fund for a pension, because they just means tested themselves out of what was going to be a right – but this way it always exists, but just keeps moving away with less anger.
They can make it 70 for all they want, but many of us will not be able to physically work or keep up with the insane technological leaps that will be made by then
I strongly believe in the next 20 years a new form of tax will be needed that taxes profits generated via AI and Autonation, and these taxes used as a UBI for those towards retirement ages
Otherwise we’re all just in a neofuedal state
They can get to fuck. People forced to work until they are 70. Just fuck off.
We need to stand against this. We shouldn’t accept a retirement age over 60.
jokes on them if I can’t afford to retire at a sensible age i’ll just kill myself.
I don’t know anyone over 65 who could still work full time. Both my parents and mother in law have significant health issues. Aunts and uncles health all deteriorating enough that mobility is becoming restricted or they have health problems that mean they aren’t supposed to do anything strenuous or stressful. Surely they’ll all end up claiming disability and the government saves nothing? I might just ne over simplifying that but I just don’t see how this can work?
Surely with all these AI and automation advances, the percentage of the population that actually needs to be in work should be shrinking?
Forcing old, elderly and vulnerable people to work is abuse imo. Absolutely disgusting.
I’ve given up on retiring, and I’m sure as hell not gonna work harder for a pension that I’ll enjoy maybe a year or so of.
The UK is such a passive and whipped country that we just accept this as the norm, I’m just gonna work as little as I can and try and enjoy my life.
As a millennial, this is disgusting. If it’s 70 now, by the time I actually get to that age, I’ll either be dead or allowed to retire when I’m 78
It will definitely be 70 before this decade is out, they’re making sure of that.
For anyone young… Honestly, get saving where you can. Invest in your private pension and other means to fund your retirement Be diverse in where you’re placing your funds! Just because something has largely been safe, doesn’t mean it always will be. Several co-workers lost thousands out of the pension pot when the traditionally safe funds dropped in value not too far back.
Absolutely don’t rely on the state pension.
This slow creep is EXACTLY how you go about phasing out things that you can’t just ban on the spot or within a short period of time.
Just look at cigarettes. Slowly being taxed more and more to price people out of it to phase it out and maybe ban it outright.
The same thing is happening to the state pension. The age is slowly climbing so they can eventually phase it out. Either completely, or effectively (age is so high most are unlikely to ever claim)
It’s almost like they want protests and riots for some reason, likely they would have to clamp down hard on angry middle aged brits who have been paying into a system they’ll likely never benefit from. Probably would be safe to give the police more powers to arrest anyone even thinking of protesting, possibly some sort of law could be made to prevent mass gatherings of that type just to make sure that people don’t take it too far. But what government would want that?…….sorry if I broke anyone’s sarcasm meter by the way.
Don’t worry, I’m 41. I have accepted for years that I am not going to able to retire. I’m fucked, most of the people younger than me are fucked too. Better to just accept it and try to enjoy life now.
If they scrap the pension I’ll stop working and stop paying national insurance. Start claiming benefits and living off the state
Plastic conservatories are the social equivalent of bolting a 90s caravan to the side of your house.
With regards to pensions, don’t worry about, just save 8k to be gassed in a cryo pod in Switzerland.
How does the UK expect anyone to stay physically healthy to the age of 70 when they retire if it takes many hours at ER almost impossible to get GP appointments. Forget about finding a dentist, mental health problems who cares you won’t get a psychiatrist until you’ve experienced hell for a long time.
These failings of health care create further problems and illness to the point where in decades to come many if not half or more of people will be on welfare and or disability due to being too ill to work.
Rob the system don’t expect people to be healthy enough to retire at 70.