Minimum age for pension benefits rising from 55 to 57

Paul_Herring

What is so great about retiring early?

What's so great about doing what you hate and getting paid a pittance for it?

Look - it's great that you apparently enjoy your job, and you get well paid for it, but not everyone's in that position, nor could they ever dream to be.

Anonymous101

Paul_Herring wrote: »

What's so great about doing what you hate and getting paid a pittance for it?

Look - it's great that you apparently enjoy your job, and you get well paid for it, but not everyone's in that position, nor could they ever dream to be.

Exactly. I don't mind my job, in fact I quite enjoy it. Just not for 60 hours a week!

Its very difficult to do what I do part time. But once I'm F.I. then thats what i'll be trying to do. If its not an option then there's a possibility that I'll try to set up my own company which will enable me to work as I choose. I can't do that whilst I still need to accumulate money to pay the bills.

There's so much to see and do in the world there just isn't enough time to do everything that I'd like to. So the quicker I can be done with full time work the better. Or at least that's how I feel at the moment.

Anonymous101

jeepjunkie wrote: »

What is so great about retiring early? I'd rather keep doing what I love and get lot's of money for it...

Money is only a facilitator for me. Time and experience are far more important to me money just free's time up to be able to do more of the other things I enjoy.

JoeCrystal

jeepjunkie wrote: »

What is so great about retiring early? I'd rather keep doing what I love and get lot's of money for it...

I don't think most people are in that position, unfortunately. I prefer to keep working as long as I can since all my social interactions are at work. Sometimes, it is not all about money.

swindiff

Most of the things I love doing cost money not earn it lol

ermine

Mr.Generous wrote: »

Sounds good but you'll have to find something to do - that's a long time to spend playing bowls and watching Doctors on TV.

How on earth did it come to pass that work has come to be the best thing people can think of doing with their time?

Of all the things you could do with your 168 hours a week, the number of things that earn money is but a small subset. There's nothing wrong with working, and it's a necessary thing until a fair way in life for most of us, but it's a hell of an opportunity cost on all the other things you could be doing. Where was it written on tablets of stone that you have to check your imagination at the door once you start work? Playing bowls and watching TV, !!!!!!...

Aretnap

Linton wrote: »

The government have in the past stated that the pension access age should be raised in line with the State Pension age, but so far they have not put any change to current legislation to parliament. I think one should expect 10 years notice of such changes to pension arrangements so perhaps we are now looking at April 2029 in the unlikely event of the government finding time to think about anything controversial beyond BREXIT.

IIRC the government has said that they consider the July 2014 announcement to have been the notice, so the actual legislation could come quite close to the change. Maybe the 2027 Finance Act, by which time the whole Brexit mess might even be coming close to something resembling a conclusion...

Of course a lot could change before then, but it's probably prudent for anyone who is likely to be affected to presume that the increase in 2028 will go ahead, and treat it as a bonus if it doesn't. That's certainly how I'm doing my planning.

Paul_Herring

IIRC the government has said that they consider the July 2014 announcement to have been the notice,

Hardly - there's a lot of details still missing regarding implementation, the biggest one that springs to mind being is it going to be cliff-edge or phased in. If the latter then starting when?

At least the WASPI lot had fixed dates and a lot more detail handed out at the time they chose to ignore them.

But, yes. At least think of planning as if it's going ahead, with the worst possible choices they could do.