We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Move the State Pension age back to 60 for both men & women
Options

qwert10
Posts: 188 Forumite

0
Comments
-
And the point is ?even if it was, a) practical, b)Affordable, C)logicalthese government petitions as complete cobblers, get as many signature as you like, the best you will get is a quick 2 minute debate9
-
So 50,000 people think that we should all retire earlier paid for by the state? Luckily the vast majority don’t agree with it.The amount of young people going to uni has shot through the roof in the last 40 years, so if people go to school, finish university and get a job at 22 work until they’re 60 then retire on the state then people will only spend 38 years contributing but many more costing the state. So where’s that money coming from? Cut in pension rates? Massive rise in taxation elsewhere?11
-
Oddly, it doesn't seem to be the alleged beneficiaries of this proposed policy - young people - who are most supportive of it for some reason. The ones pushing it are the extremely altruistic older members of society, seemingly those aged about 60-66, from the discussions I have read to date.2
-
The More Details got more information from the creator.
"Young people are struggling to find work, & losing their jobs, due to the pandemic. Why not allow older people to retire earlier, thereby freeing up jobs for younger people? There would be a cost, however, surely a far more positive cost than paying Universal Credit? Not to mention the option of restoring the balance back into young people's favour, & helping restore their future."
Lower the state pension age isn't the right way to restore "balance" back into young people's favour! Besides, all this will only result in large tax increases and guess who would be most hard-hit? A single working childless young person likes me, and I certainly don't fancy paying for it, not when I am trying to keep my head above the water at the moment.
Having said that, I am a firm believer that all people need to contribute towards the Treasury coffers, especially the pensioners who draws on the most from the coffers.3 -
Can someone tell me when this will be enacted ? With the huge sums my OH and I will get, we want to book our first class round the world flight tickets !!4
-
There was a thread on this topic last week and it was deleted after three pages of regulars pointing out why it was A Bad Idea.Can I point you to the Lump of Labour Fallacy for a good explanation of why it wouldn't work, even if the UK had a spare £185bn to pay these extra pensions.(I forget who posted this in the original thread but I can remember reading the Wikipedia article!)N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1 -
If you want to retire early, pay for your own private pension.10
-
gary83 said:So 50,000 people think that we should all retire earlier paid for by the state? Luckily the vast majority don’t agree with it.The amount of young people going to uni has shot through the roof in the last 40 years, so if people go to school, finish university and get a job at 22 work until they’re 60 then retire on the state then people will only spend 38 years contributing but many more costing the state. So where’s that money coming from? Cut in pension rates? Massive rise in taxation elsewhere?2
-
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.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards