Jeremy Hunt in plea to early retirees: ‘Britain needs you’

fly-catchers

I like my retirement so no thanks! The last two years have flown by since I left and the crap annoying workplace environment has faded from my memory. Don't want to remember it!   

michaels

Problem is the worship of GDP - so more workers (even if unskilled and low income) is a win as is less non-working people.

Problem is for the individual GP is of no interest, if we value our time more than more money then we will retire.

However if the govt wants to force people to work longer they should change NI so that rather than not paying it on unearned income instead you don't pay it once over state pension age.

Nebulous2

Pat38493 said:

This was a mad idea that occurred to me a while back.

What about splitting the personal allowance so that people get a separate personal allowance for pension income versus employment income?  

I suspect one thing that puts people off is the knowledge that all the money they earn will be taxed at 20% + NI (or more).

I guess it also depends which type of pensioners they want to go back to work and into what type of jobs.

I'm working part-time, mainly because I can't adjust to stopping completely. The 20% on everything I earn is certainly a drag, but I pay very little NI, as my pension isn't considered. 

The main reason I am not working more is the conditions. If they could improve the way people are remunerated and valued, instead of cracking the whip, that might help. 

mark1959

No thanks jeremy. 6 years happily retired.

SouthCoastBoy

I think it's not just govt that need to address the issue of people voting with their feet, companies also need to look at their working practices and how to motivate a work force and also cut the performance reviews etc.

bostonerimus

Albermarle said:

mumf said:

Politicians are idiots. Usually Public School Idiots. Never had to do real work. Idiots .

They say the public gets the politicians they deserve.

In practice what that means is that the public has unrealistic expectations of what can be done ( for example wanting better public services and lower taxes at the same time ) So that forces the politicians to make promises they can not keep, because if they told the truth nobody would vote for them.

I don’t hear the public calling for lower taxes - it’s just Tory politicians with no imagination and the echo of Truss’s “Grrrowrth, Grrrowth, Grrrowth” mantra. Also Hunt promising to cut inflation in half is an easy promise to make with world energy prices stabilizing and even falling. Even if prices remain high comparing future 2023 prices with today’s high prices will probably produce a low inflation number.

NedS

Pat38493 said:

Expotter said:

Today Jeremy Hunt said : “So, to those who retired early after the pandemic, or haven’t found the right role after furlough, I say: Britain needs you. And we will look at the conditions necessary to make work worth your while.”

Would anyone here consider unretiring and returning to work, what would it really take to make it worthwhile?  

Conditions to make work worthwhile - maybe having a competent government and feeling like the tax you pay would be used in a worthwhile manner?

Jeremy Hunt always seemed to me at first glance to be quite a sensible fellow, so why he is still in the current iteration of the Conservative Party is beyond me - I guess it pays the bills.

Obviously Jeremy Hunt is a quiet quitter

NedS

I think before they think about trying to entice people back from retirement, they need to consider how to stem the exodus. Stop it getting much worse before thinking about how they may be able to make it better.

As a civil servant given a 2% pay rise (or 2% - 10.1% = -8.1% pay cut), I need to know I'm going to at least earn the same this year as I did last year (in real terms) otherwise where is my incentive to stay? I'm already half out the door in April - you have 2 months to change my mind and make work worth my while to stay.

Pensions_matter_2

From reading various posts, I think the workforce environment - performance reviews, expectation of working many more hours than contracted to do, mis-management, workers being undervalued etc, is a significant factor in the decision by many to retire early when able to do so. Employers need to seriously address these issues and practices (probably a fall out from the credit crunch and employers tightening their belts) if they want to have any realistic chance of attracting older experienced people back into the workforce. 

Stubod

I think I would be more inclined to "help out", if I truly believed that our "leaders" shared the same commitment rather than doing their very best to avoid paying their own fair share...???