conservatives planning to raise retirement age to 75

Kentish_Dave

fred246 wrote: »

I have said this before on this forum. I don't think young people feel they will ever reach retirement age. As state pension age gets closer to average age of death you can see why. There's no point saving for a retirement you'll never get.

People are living longer in retirement than they ever have before.

But given that you think otherwise, you are right, use this as the excuse that you are o
Looking for and spend all that you earn now. It’ll give you a hobby when you retire, you can come on here complaining about how unfair it all is that you can’t afford a very nice life.

Me, I’ll keep saving.

Paul_Herring

ongoing increases in life expectancy

Oh?

https://www.theguardian.com/society/2019/mar/07/life-expectancy-slumps-by-five-months

https://www.bbc.co.uk/news/health-45638646

https://www.theweek.co.uk/95659/why-is-uk-life-expectancy-falling

Silvertabby

Afraid_of_Kittens wrote: »

No. A 'Think Tank' called the Centre for Social Justice published a report calling for the retirement age to be increased to 75. This is not the Conservatives.

The left wing media create an eye catching headline that the Tories want to raise your retiement age to 75 as click bait to the guilliable and uninformed.

There is no plicy to raise retirement age to 75.

Reminds me of the time just before the 1997 General Election, when Labour supporters spread the rumour that the Tories were going to abolish the State pension - and even pensioners already in receipt of their pensions panicked and voted Labour.

Kentish_Dave

Dymphna60 wrote: »

Yes everybody get a well paid job with a good pension. Retire at 50 a millionaire.
This is entirely possible for everybody. It’s your own pathetic lazy fault if you don’t .
Yeah yeah yeah .

Everybody polishing their own halos .
Maybe some forgetting that some good luck came their way ?
Nobody helped along by stable supportive parents?
Nobody bought a house that has increased in value 10 times ?
Inherited some money from parents house that increased in value 50 times ?
No ?
Every single one of you beat the odds by nothing but their own hard work from poor back grounds with no help or support from anyone. ?

I did have supportive parents, yes. They stayed married, and encouraged me to study hard and aim high.

They also drive me down to my first term at Oxford, proud that a kid from a acompte in a dying mining town had made it there, and my mother even made me a cake.

After that, though, it was down to me. Getting the degree, getting a job in the civil service, finding a doctorate once I’d realised that the civil service was not for me, funding and finishing the doctorate, and then getting a job on an investment banking graduate scheme.

All of it, every bit me, and what th state provides, which is the same as it would provide for everyone else.

The degrees, the jobs, the homes bought, all down to choices.

I was wiped out in 2008. Some would put it down to luck, but it was my choice to stay in a high risk job when the crash came, and my choice to have worked for a bank that paid everything in stock that became worthless.

So after a year searching for the right job, I started again in 2009. I was on one sixth of what I had been earning a year earlier, but that’s life. I got up every day, went in to work, did everything that I could to increase my skills and to make myself useful, and here I am ten years later, ten years of twelve hour days without breaks or lunch, running the new office on the continent.

It’s really hard to work out how all of this is luck, though.

That whole journey, from being dropped off and waving my parents goodbye, hundreds of miles from home, has taken thirty years so far, and honestly, the only bit of luck came from being in a stable household that respected education. Any parent can give that to their children.

comeandgo

No ?
Every single one of you beat the odds by nothing but their own hard work from poor back grounds with no help or support from anyone. ?[/QUOTE]

Parents poor, no holidays, free school meals. I left school at 16. When my children started primary I went back to college as mature student. Have worked full time ever since. Have been able to get very well paid jobs and don't spend very much. Being raised poor actually makes you realise you don't need much "stuff". So yes, it has all been done with no help from anyone.
My children might get inheritance but to be honest they don't need it. They've been to university and have good jobs and in a lot better place financially than I was at their age.

hyubh

Afraid_of_Kittens wrote: »

No. A 'Think Tank' called the Centre for Social Justice published a report calling for the retirement age to be increased to 75. This is not the Conservatives.

It is not an organ of the Conservative Party indeed. However it was founded by prominent Conservative Party people, still has Iain Duncan Smith as its chair, and its homepage is dominated by a video of Theresa May praising it.

Trying to imply it has nothing to do with 'the Conservatives' is like saying the Fabian Society has nothing to do with Labour.

Anonymous101

Bigger issue for me would be a rise in the age I could access my SIPP. Since I’m 17 years away from the current date and busily locking money away into my SIPP and ISA investments. News like this does make me place more emphasis on the ISA investments and shows the problem with pensions... you’re investing into something that you’re not entirely sure the government aren’t going to medal with!

Mojisola

Afraid_of_Kittens wrote: »

The left wing media create an eye catching headline that the Tories want to raise your retiement age to 75 as click bait to the guilliable and uninformed.

Like the Daily Mail?

Iain Duncan Smith's think tank, the Centre of Social Justice (CSJ), wants older people to 'access the benefits of work'.

There's nothing stopping people working until 75 now if they want to and are fit enough to and the job is easy enough. Lots of people could cope with attending the House of Lords for £300+ a day; work on a building site, not so much.

[Deleted User]

eskbanker wrote: »

The most recent change was within the Pensions Act 2014 and I can't say I've noticed enough changes in government or their attitudes since then to support your extravagant assertion that there's zero chance of further SPA changes, especially bearing in mind how fiscally ruinous it would be not to keep adjusting SPA in response to ongoing increases in life expectancy....

It was a technocratic government working with basic economic facts in a post crisis era. Now we have a populist dealing in emotions. Reducing tax funded handouts is incredibly hard in a democracy as vested interests are impacted and votes are lost.

In the last election Conservatives almost lost to a communist imbecile promising freebies partly due to their plans to deal with the problem of taxpayer funded nursing care for people with lots of money. Politicians have learnt the lesson.

There is zero chance of this government increasing the pension age, but you believe what you want.

molerat

Dymphna60 wrote: »

Yes everybody get a well paid job with a good pension. Retire at 50 a millionaire.
This is entirely possible for everybody. It’s your own pathetic lazy fault if you don’t .
Yeah yeah yeah .

Everybody polishing their own halos .
Maybe some forgetting that some good luck came their way ? Nope, you make your own good luck by working hard


Nobody helped along by stable supportive parents? My mum did her best working full time whilst looking after 3 boys after dad ran off. When I was 14 I had to collect my baby brother from nursery on the way home from school.


Nobody bought a house that has increased in value 10 times ? Nope, only 3-4 times in 40 years, not everyone lives in the affluent south.


Inherited some money from parents house that increased in value 50 times ? That is what the whinging millennials are going to get
No ?


Every single one of you beat the odds by nothing but their own hard work from poor back grounds with no help or support from anyone. ? Pretty much

Both me and MrsM are council house kids, me a single parent council house kid. Standard secondary education, not grammar school, me leaving with 3 O levels at 16, her at 15 with nothing. Between the two of us all our older generation of parents, aunts and uncles have gone and between them all I think we scooped around £15K. Bought my house paying 15% interest, absolutely maxed out at what I could afford.

Looking forward to receiving my SP in a couple of months after being retired for over 10 years.

The opportunities are still there if you are willing to work for them, never been happier than when up to my armpits in oil and seagull guts :eek: