State pension dates moving out again ?

stokesley

dunstonh wrote: »

I was reading somewhere that some feel that life expectancy projections may have peaked and for younger people, they could start to fall with diabetes and obesity having a greater impact.

Plus the current older generation (75+) grew up without antibiotics etc, thus only the tough survived. Not the case for the next generation down.

nearlyrich

I don't really care about when I get my state pension I have made other arrangements and I will be finishing work in 60 days age 55 minus 10 days. I can't wait ....

bigfreddiel

nearlyrich wrote: »

I don't really care about when I get my state pension I have made other arrangements and I will be finishing work in 60 days age 55 minus 10 days. I can't wait ....

How have you done this, do you have a great Sipp?

robin61

nearlyrich wrote: »

I don't really care about when I get my state pension I have made other arrangements and I will be finishing work in 60 days age 55 minus 10 days. I can't wait ....

Not that you are counting !
Good for you.

Well_excuse_me.

nearlyrich wrote: »

I don't really care about when I get my state pension I have made other arrangements and I will be finishing work in 60 days age 55 minus 10 days. I can't wait ....

Well done.

I'm coming up to my tenth anniversary, only another six years to SPA.

tigerspill

JoeCrystal wrote: »

Indeed, or become purely mean-tested instead. As someone at the age of 30, I am fully expecting that my own SPA be higher than 68 thus forcing myself to save for retirement privately in some small hope to retire earlier.

How can it be means tested. It isn't a benefit - it is something we have all paid into all out lives.

maximumgardener

yeah....its a bit rich, however
our Government/s certainly do consider Pensions to be a "benefit".
It is listed as a type of benefit

RickyB2000

tigerspill wrote: »

How can it be means tested. It isn't a benefit - it is something we have all paid into all out lives.

Are you saying there is nothing the government could do even if they wanted to make it means tested? Surely it is only safe while the government believes a change will lose it the next election?

I could see them slowly nerf the state pension by offering below inflation increases and then offer another element that is means tested to get out of this (bit like pension credit today, but where the non means tested part is very small). This would mean people think they are still getting what they paid in all their lives for and it happens so slowly no one really notices until it is too late. Of course, below inflation increases may also lose them the next election.....

lisyloo

bigfreddiel wrote: »

How have you done this, do you have a great Sipp?

Freddie - you need to save/invest your entire working life.
If you can maximise tax relief, employer contributions and make good investments then that helps, but the basics is putting money in for 40-50 years.

I've always contributed from day 1, always taken advantage of employer contributions to the max, and used as much tax relief/salary sacrifice as reasonably possible.
Of course living within your means is necessary to make decent pension contributions (by decent I mean at least 15%, although right now I'm doing 50%).

OldBeanz

Any government getting rid of the state pension or means testing it would be suicidal as long as pensioners continue to vote in strength.
It is far easier to increase the pension age, giving ten years' notice.