State pension age rise

in N. Ireland
4 replies 1.7K views
So any 39 - 47 year olds out there affected by the announcement that their state pension age will increase to 68?

Mrs May wanted to remove the triple lock. The DUP insisted it was kept as part of their supply and confidence deal. Seems like the anyone under 47 is going to pay for preserving the triple lock now.

I don't expect to see a state pension. I doubt many of my generation will. Guess it's time to save more money and increase my SIPP contributions.

Replies

  • qwert_yuiopqwert_yuiop Forumite
    3.5K Posts
    Tenth Anniversary 1,000 Posts
    ✭✭✭✭
    I'd say 68 is only what it looks like it's going to be. Who knows what they'll be planning on in another few years?
    Japan is apparently suggesting 75 as a retirement age, although they do live longer than us (and everyone else).
    I wonder when the effects of unhealthy lifestyles found in the young are going to start impacting on life expectancy, though. Diabetes, hypertension and then kidney disease and strokes ought to start appearing in the young obese.
    “What means that trump?” Timon of Athens by William Shakespeare
  • saverbuyersaverbuyer Forumite
    2.6K Posts
    I'd say 68 is only what it looks like it's going to be. Who knows what they'll be planning on in another few years?
    Japan is apparently suggesting 75 as a retirement age, although they do live longer than us (and everyone else).
    I wonder when the effects of unhealthy lifestyles found in the young are going to start impacting on life expectancy, though. Diabetes, hypertension and then kidney disease and strokes ought to start appearing in the young obese.

    Indeed. Will the leveling off in the average life expectancy trend become a fall? Scary situation. Student debt that will never be paid off and pension that will never be claimed. All the while paying nearly 26% national insurance contributions (Employer and employee). I'm baffled the young aren't protesting.
  • Zola.Zola. Forumite
    1.9K Posts
    Tenth Anniversary 1,000 Posts Name Dropper
    ✭✭✭
    saverbuyer wrote: »
    Indeed. Will the leveling off in the average life expectancy trend become a fall? Scary situation. Student debt that will never be paid off and pension that will never be claimed. All the while paying nearly 26% national insurance contributions (Employer and employee). I'm baffled the young aren't protesting.

    Young people don't think they'll be old
    "Save like a pessimist, invest like an optimist" 
    "The purpose of the margin of safety is to render the forecast unnecessary" 
    "The borrower is slave to the lender."
    "Money is not to buy stuff. Money is to buy freedom."
    "Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself"
    "Energy flows where attention goes"
  • qwert_yuiopqwert_yuiop Forumite
    3.5K Posts
    Tenth Anniversary 1,000 Posts
    ✭✭✭✭
    Zola. wrote: »
    Young people don't think they'll be old

    It would seem plenty of them may well turn out to be right.
    “What means that trump?” Timon of Athens by William Shakespeare
This discussion has been closed.
Latest MSE News and Guides