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Govt confirms pension freedom age hike to 57

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Comments

  • sammyjammy
    sammyjammy Posts: 8,008 Forumite
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    At this rate people will be working well into their 70's as the norm and dropping dead at their desks.
    If they don't make other provision then yes that is their choice.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I wonder how many people we may have here who have already retired and just became sure of a two year delay in pension access age.
  • kangoora
    kangoora Posts: 1,193 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    jamesd said:
    I wonder how many people we may have here who have already retired and just became sure of a two year delay in pension access age.
    Well, they would have to have retired at 47 years old this year for it to affect them, so I'd imagine a fairly small subset. As long as they are 55 before 2028 they can still access their DC pot, depends on actual date of birth and when the cut-off comes in, presumably April 6th 2028?

  • fred246
    fred246 Posts: 3,620 Forumite
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    I don't know anything about this. I haven't received a letter.
  • garmeg
    garmeg Posts: 771 Forumite
    500 Posts Name Dropper Photogenic
    jamesd said:
    I wonder how many people we may have here who have already retired and just became sure of a two year delay in pension access age.
    This has been known about since 2014, unless they were suffering from GRASPI syndrome.
  • OldBeanz
    OldBeanz Posts: 1,438 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    fred246 said:
    I don't know anything about this. I haven't received a letter.
    Man the barricades!
  • dunstonh
    dunstonh Posts: 120,376 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    OldBeanz said:
    fred246 said:
    I don't know anything about this. I haven't received a letter.
    Man the barricades!
    You can just imagine Fred being a GRASPI. 
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    OldBeanz said:
    fred246 said:
    I don't know anything about this. I haven't received a letter.
    Man the barricades!
    Sexist.
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