Mr Average Gets a Free House In His Lifetime That Ms Average Doesn't

PasturesNew

SingleSue wrote: »

Booger, don't tell me they have changed it again! :eek: Last I heard, it was 65.........but nothing would surprise me.

Yes they did. Sneaky little increments based on narrower birth dates.

GDB2222

neverdespairgirl wrote: »

WOmen's retirement age is going up.

I propose an annual cull to even up the life expectancy. Until this is done, there can be no true equality. This could be achieved quite easily by forcing more women to smoke.

PasturesNew

Here: http://www.thepensionservice.gov.uk/state-pension/age-calculator.asp

Just choose M/F and select your date of birth and it instantly tells you

I've already got more than the minimum NI payment years tucked under my belt.

SingleSue

Just checked.....my retirement age is now 67!

sneaky beggers.......

PasturesNew

SingleSue wrote: »

Just checked.....my retirement age is now 67!

sneaky beggers.......

Good. Somebody needs to be working to be paying for my pension

GDB2222

Retirement age needs to rise to at least 75. Even then, the average retiree would be receiving their pension for nearly 15 years.

skintlass

Mine is 67 too - at least for state pension - I intend to retire before then if a private pension allows. I have to say that in my working lifetime I have been paid both less (I argued against this and got an additional raise) and more (didn't argue against this ;-)) than equivalent male colleagues. That said I have always worked in very male dominated industries and most of the time I give as good as I get :-).

PasturesNew

I've worked solely in the private sector, small companies, no chance of progression. So I've spent my life always starting again as each company closed/folded/downsized/moved/got taken over.

There was one time ... 11 years ago, started a job with a large company on 1 year fixed term, got offered a full-time job within 4 months as they "didn't want to run the risk of losing me if I looked around for another job close to the contract end, so wanted to secure me soonest/now". Took that permanent job, was asked to do more/more, given more responsibility ... then one year to the day that I started, the company was taken over and the whole Dept was being laid off.

At my leaving do I was informed that prior to that decisions had been made, they were going to split the IT dept in half and I was to head up one half of it, at a salary of about £35-40k (1998).

So.... I nearly made it!

If I'd worked for large companies I'd have got on. But that never seemed to happen. When you're out of work one day, you need the first/next/any job offered, and smaller companies usually move faster to recruit.

I would have stayed there forever. I loved that company, the dept, the people, the culture, the town, the region.

mitchaa

Remember this increase from the normal 60/65 scenario is for state pension purposes (which is a pittance anyway) Individual companies will have their own ageing structure.

If you have built up a good pension pot with your employer, there is no reason why you shouldn't be able to take early retirement.

I am in a final salary pension scheme and the maximum available for me is 40/60 of my final salary. My 40yr point in the company will be at around the time of my 63rd birthday so if i stay in the company that long there is not a hope in hell i'll be working to the age of 68, ill be taking early retirement.

olly300

I can work out your rough ages by your retirement age.;)

The retirement age is depends when you were born.

None of the women I know who find themselves often forced into retirement at 60 understand why this is so.

They are quite happy to go on working a little longer as they seem to be lucky enough to have sorted out housing, their children are independent and if they are married their husbands (who mostly are retired) are doing their own thing anyway.

Bascially if you were born after 1965 then you have an equal one with men which starts at 65.

http://www.thepensionservice.gov.uk/state-pension/forecast/home.asp

The State Pension age for both men and women is to increase from 65 to 68 between 2024 and 2046, with each change phased in over two consecutive years in each decade. The first increase, from 65 to 66, will be phased in between April 2024 and April 2026; the second, from 66 to 67, will be phased in between April 2034 and April 2036; and the third, from 67 to 68, between April 2044 and April 2046.