55 year old women lose approx £30k in State Pension

artha

cyclonebri1 wrote: »

Sorry Artha if this is sensitive, but at what age did he die?

I hope you understand when I commented on,"hard work never killed anyone".


Well probably it didn't. But the constant physical effort required to hold that sort of job will do, either directly as a result of physical complications or shortly later, after a working life time of excess.

Sorry, it's my view.


Why are folks dying older?.

Because of the improvements in care, healthcare, and the reduction of high demand physical occupations:mad:

It's OK not a sensitive issue. My dad died at 78 but not because of the "hard work" he had gone through and I believe enjoyed.

Research has shown that life expectancy has increased with improved living conditions(affluence,healthcare, nutrition, housing etc) but may have peaked with those born in the 40s/50s/60s. Later generations may become more susceptible to early death due to less active jobs/lifestyles and poorer nutrition (convenience food/fast food/alchohol consumption)

sharnad

custardy wrote: »

Im expecting to work to 70,or maybe beyond
it was a stupid rule that women (who generally live longer) got their pension 5 years before men

I quite liked the idea made up for having to put up with men

Herbie_Hancock_I_wish

With the increased pension age I really hope that we can look forward to employment to cover that time. It seems a big call at the moment.

My friends son has bought a tiny house for £195k with a pre tax income of about £30 k between him and his partner. Currently a thousand a month for 40 years.I can`t see the debt being inflated away as things are. How would they stand to making decent pension contributions?

hansi

dunstonh wrote: »

These changes have not occured now. They were first announced over 15 years ago.



Thats a shame but it was an incorrect assumption.



15 year is not exactly overnight. Think yourself lucky your state pension age is 65. Mine is 67.



Mainly because it was announced 15 years ago and is a consequence of wanting equality.



Again, not overnight but over 15 years. Just as the increase from 65 to 68 is occurring over the next 34 years.

Dunstonh, Hi. How do you separate quotes like that with the green background??;)

hansi

McKneff wrote: »

Am i right in thinking that you stop paying NI when you get to 60?

Yes, I stopped paying NI at 60 even thought I was still working at the time.

Rupert_Bear

BM_Surrey wrote: »

I am 55 years old. I have been advised that I cannot now draw my state Pension until I am close to 65 years old. All my working life I have been lead to believe that I will get my state Pension at the age of 60. It seems that, over night, I have lost 5 years of state pension which amounts to around £30,000. I cannot understand why more women my age are not up in arms about this??!! Particularly, as the wait to collect my Pension has doubled from 5 to 10 years overnight!!!!

Its as unfair to you as a woman as it is to a man who had to work to 65 and the fairer sex could at one time get their pension at 60.

I am surprised more men were not up in arms about that!

dunstonh

Dunstonh, Hi. How do you separate quotes like that with the green background??;)

Copy and paste each section you want to quote. Then select the text you want to appear quoted (by holding left mouse button down and dragging the mouse over the text)and then press the text bubble icon on the right of the quick reply box. The open/closequote tags appear at each end of the text you selected.

hansi

Thank you :j

harz99

hansi wrote: »

Yes, I stopped paying NI at 60 even thought I was still working at the time.

I think you'll find the correct answer would be that you are not liable to pay NIC's from the age at which you are eligible to draw the state pension, anything from 60 upwards according to your gender, DOB etc.

hansi

harz99 wrote: »

I think you'll find the correct answer would be that you are not liable to pay NIC's from the age at which you are eligible to draw the state pension, anything from 60 upwards according to your gender, DOB etc.

Not sure that that is entirely correct. I stopped paying NIC's at the age of 60 yet my state pension age is is 65.